Global Metal Caps and Closures Market - Trends and Forecasts (2015 - 2020)
Metal caps are manufactured mostly by aluminum, steel, and tin plate, of which aluminum caps are most widely used. The global market for Metal Caps and Closures was worth $0.97 billion in 2014 and is projected to reach $1.06 billion in 2020, at a CAGR of 1.5%. The volume sales are projected to decline because of the resurgence of aluminum cans in the beer market. Carbonated Soft Drinks industry leads the market followed by beer and wine industry, however, the market is losing out sales to plastic caps and closures, which have become an alternative for metal packaging. The industry is seeing marginal growth when compared to the other packaging types over the forecast period.
Metals packaging is being substituted by plastic or glass packaging and thus has become an area of concern for the metal packaging manufacturers. The metal caps and closures market is expected to witness sluggish growth due to the increasing adoption of plastic closures. The Asia Pacific region accounts for the largest share both in terms of value and volume because of thriving end-user industries in the region. However product iinovation is expected to drive the market during the forecast period.
The Global Metal Caps and Closures market is segmented on the basis of material (Aluminum, Tin Plated, Steel), Packaging Type (Caps, Closures, Crowns), Vertical (Alcoholic Beverages, CSDs, Cosmetics, Chemical, Household and Others) and Geography (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)
This report describes a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis.
The report also considers key trends that will impact the industry and profiles of leading suppliers of Metal Caps and Closures Market. Some of the top companies mentioned in the report are Crown Holdings, Oberk, Bericap, Mocap, MWV, Alpha Packaging, Global Closure Systems, Closure Systems International and Reynold Group Holdings.
What the report offers
Market Definition for Global Metal Caps and Closures Market along with identification of key drivers and restraints for the market. Market analysis for the Global Metal Caps and Closures Market with region specific assessments and competition analysis on a global and regional scale. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares. Identification and analysis of the Macro and Micro factors that affect the Global Metal Caps and Closures Market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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