The global metal caps and closures market is expected to register significant growth in the forecoming years. Major factors driving growth of the global metal caps and closures markets are increasing demand for convenience and on-the-go food and beverages across the globe. In addition, increasing consumption of alcoholic drinks among the youth populace, rising demand for extending shelf-life of products, increasing per capita income level, are the factors boosting the demand for metal caps and closures.
The global metal caps and closures market report has been segmented on the basis of closure type, material, end user, and region.
On the basis of closure type, the global metal caps and closures market has been segmented into crown, screw caps, can ends, Others includes snap on, tamper-evident, etc.
On the basis of material, the global metal caps and closures market has been segmented into aluminum, steel, and tin.
On the basis of end user, the global metal caps and closures market has been segmented into food, beverages, pharmaceutical, cosmetics & personal care, and others including chemical, automotive industries, etc.
On the basis of application, the global metal caps and closures market has been segmented into alcoholic beverages, food, carbonated soft drinks, ready to drink, pharmaceutical, cosmetics, and others.
On the basis of region, the global metal caps and closures markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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In 2018, North America metal caps and closures market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to increasing demand for ready to go food and beverages the country in the region. However, Asia Pacific metal caps and closures market is projected to register highest CAGR in the next five years, due to growing number of tourists every year in the region.
Key players operating in the global Metal Caps and Closures market include Crown Holdings Inc., Sonoco Products Company, Guala Closures Group, Nippon Closures Co. Ltd., Amcor Ltd., Manaksia Industry Ltd., CL Smith Company and Closure Systems International, Pelliconi & C. SPA, O Berk Company, and Aaron Packaging, Inc.