PUBLISHER: TechNavio | PRODUCT CODE: 1603938
PUBLISHER: TechNavio | PRODUCT CODE: 1603938
Caps And Closures Market 2024-2028
The caps and closures market is forecasted to grow by USD 8478.4 mn during 2023-2028, accelerating at a CAGR of 5.5% during the forecast period. The report on the caps and closures market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for caps and closure from pharmaceutical industry, increase in demand for bottled water, and increasing demand for improved packaging designs.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.2% |
CAGR | 5.5% |
Incremental Value | $8478.4 mn |
Technavio's caps and closures market is segmented as below:
By End-user
By Geographical Landscape
This study identifies the new product launches as one of the prime reasons driving the caps and closures market growth during the next few years. Also, shift towards lightweight caps and closures for cost efficiency and emergence of sustainable packaging will lead to sizable demand in the market.
The report on the caps and closures market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading caps and closures market vendors that include ALCOPACK Group, Amcor Plc, AptarGroup Inc., BERICAP Holding GmbH, Berry Global Inc., Blackhawk Molding Co. Inc., Caps and Closures Pty Ltd., Coral Products Plc, Crown Holdings Inc., Guala Closures SpA, HERTI JSC, Oricon Enterprises Ltd., Pact Group Holdings Ltd., Pelliconi and C SpA, Phoenix Closures Inc., Plastic Closures Ltd., Premier Vinyl Solutions Ltd., Reynolds Group Ltd., Silgan Holdings Inc., and United States Plastic Corp.. Also, the caps and closures market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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