Global Caps & Closures Market Size study & Forecast, by Raw Material (Plastic, Metals and Others), by Type (Plastic Caps & Closures, Metal Caps & Closures, Other Caps & Closures) , by End-Use Industry (Food Beverage, Healthcare, Cosmetics & toiletries, Ot

Global Caps & Closures Market Size study & Forecast, by Raw Material (Plastic, Metals and Others), by Type (Plastic Caps & Closures, Metal Caps & Closures, Other Caps & Closures) , by End-Use Industry (Food Beverage, Healthcare, Cosmetics & toiletries, Others) and Regional Analysis, 2022-2029

Global Caps & Closures Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Caps & Closures offers efficient product packaging. These are easy to open and provide clamshell packaging, blister pack and close bottle packaging, etc. The Caps & Closures market is expanding because of factors such as increasing demand for packaged products across the food and beverage industry and awareness and concerns about product safety. According to the Global Food Market (Economic Research Services) in 2020, the global sales of packaged food reached around USD 1,976 billion in 2022. The major region such as the United States, Europe, and the Asia Pacific are dominating the sales and demand for packaged food products. It includes the United States, Germany, Japan, India, etc. Whereas rising demand for bottled water and emerging economies across the globe create lucrative opportunities for the market. However, the threat of substitutes hampers market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Caps & Closures Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the space in terms of revenue, owing to the rising demand and adoption of packaged food and bottled beverages, rising consciousness towards hygiene, etc. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising health awareness, higher disposable income, etc.

Major market players included in this report are:
RPC Group PLC (UK)
Crown Holdings Incorporation (US)
Amcor Limited Plc (Australia)
Rexam PLC (UK)
Berry Plastics Corporation (US)
Silgan Holdings Inc. (US)
AptarGroup Incorporated (US)
Guala Closures Group (Italy)
SABIC
Alpha Packaging

Recent Developments in the Market:
In June 2020, Silgan Holdings acquired the packaging company Albea (France). With this acquisition, Silgan Holdings managed the dispensing business of Albea in France. Its dispensing business includes the supplies of sprayers, pumps, and foam dispensing solutions to wider consumers along with personal care and beauty markets. The business operates 10 manufacturing plants located across North America, Europe, South America, and Asia.
In July 2020, Berry Global Group acquired RPC Group. This acquisition has broadened its geographical footprint including 290 locations in North and South America, Europe, Asia, Africa, and Australia.
Global Caps & Closures Market Report Scope:
Historical DataCompanies Mentioned

RPC Group PLC (UK)
Crown Holdings Incorporation (US)
Amcor Limited Plc (Australia)
Rexam PLC (UK)
Berry Plastics Corporation (US)
Silgan Holdings Inc. (US)
AptarGroup Incorporated (US)
Guala Closures Group (Italy)
SABIC
Alpha Packaging

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