New York, NY, May 16, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Metal Caps and Closures Market by Type (Crown, Can-Ends, Screw Caps, and Others), by Material Type (Aluminum, Tin Plate, and Steel), and by End-User (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global metal caps and closures market was USD 19.88 billion in 2018 and is expected to reach USD 25.81 billion by 2025, at a CAGR of 3.8% between 2019 and 2025.
Metal caps and closures provide rigidity and stability while portraying a superior product image to the consumers in the market. Metal caps and closures are available with plastic liners to ensure that the contents of the containers are safe. The global metal caps and closures market is expected to grow at a significant pace in the future, owing to the surging demand for processed food products across the globe. Moreover, the rising population has propelled the demand for food and beverages, which, in turn, has increased the consumption of caps and closures. Additionally, the increasing demand for cosmetics and personal care products is also expected to fuel this market in the years ahead. However, volatility in product prices may hamper the metal caps and closures market growth. Conversely, the increasing innovations witnessed in product design are projected to offer numerous growth opportunities to the global metal caps and closures market.
Browse through 105 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global Metal Caps and Closures Market: Industry Size, Share, Trends, Growth, Applications, Analysis and Forecast, 2018–2025”.
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The type segment of the metal caps and closures market includes screw caps, can-ends, crown, and others. In 2018, the crown segment accounted for the significant market share, due to the extensive use of crown caps by the beverage industry. Based on material type, the metal caps and closures market includes steel, tin plate, and aluminum. In 2018, the aluminum segment contributed a significant share to the global metal caps and closures market, as it is widely used to manufacture caps and closures due to its corrosion-resistance and cost-efficiency. The end-user segment of the metal caps and closures market is divided into food and beverage, cosmetics and personal care, pharmaceutical, and others. The food and beverage segment is the largest consumer of metal caps and closures, due to the growing number of food and beverage companies across the globe.
In 2018, North America contributed the largest market share to the global metal caps and closures market. This regional growth can be attributed to the increasing application of metal caps and closures in the region’s food and beverage industry and rising consumption of beverages like cold drinks, carbonated drinks, sports drinks, and alcohol. The U.S. is the most dominating country in the region, owing to the rising consumption of processed food products and alcohol.
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The Asia Pacific metal caps and closures market is likely to be driven the growing consumption of metal caps and closures, due to a growing population, in countries like China, Japan, and India in the future. The increasing application of metal caps and closures by the region’s pharmaceutical sector is further projected to drive the Asia Pacific market growth in the future.
The European metal caps and closures market is predicted to grow significantly owing to the growing use of metal caps and closures in food and beverage and pharmaceutical sectors and the increasing demand for personal care products across the region.
Browse the full “Metal Caps and Closures Market by Type (Crown, Can-Ends, Screw Caps, and Others), by Material Type (Aluminum, Tin Plate, and Steel), and by End-User (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/metal-caps-and-closures-market
In Latin America, the metal caps and closures market is projected to grow moderately in the next few years. Brazil is anticipated to be the leading regional consumer of metal caps and closures, due to the flourishing food industry. Moreover, the region’s developing pharmaceutical sector is likely to enhance the applications of metal caps and closures, which is estimated to further fuel the metal caps and closures market in the upcoming years.
The Middle East and Africa region is expected to grow gradually in the future, due to the rapidly growing demand for cosmetic products. Metal caps and closures are widely used in cosmetic products in the form of bottles, tubes, tubs, etc. Additionally, the increasing innovation in metal caps and closures designs is also predicted to spur this regional market’s growth.
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Some major manufacturers of the global metal caps and closures market are Closure Systems International, Guala Closures Group, Pelliconi & C. SPA, Nippon Closures, Sonoco Products Company, O Berk Company, Manaksia Industry, Amcor, CL Smith Company, and Crown Holdings.
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This report segments the global metal caps and closures market into:
Global Metal Caps and Closures Market: Type Analysis
- Crown
- Can-Ends
- Screw Caps
- Others
Global Metal Caps and Closures Market: Material Type Analysis
- Aluminum
- Tin Plate
- Steel
Global Metal Caps and Closures Market: End-User Analysis
- Food and Beverage
- Pharmaceutical
- Cosmetics and Personal Care
- Others
Global Metal Caps and Closures Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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