PUBLISHER: Lucintel | PRODUCT CODE: 1387343
PUBLISHER: Lucintel | PRODUCT CODE: 1387343
Cap & Closure Trends and Forecast
The future of the global cap & closure market looks promising with opportunities in the food, beverage, healthcare, and cosmetics & toiletries markets. The global cap & closure market is expected to reach an estimated $98.3 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing demand for alcoholic & non-alcoholic beverages, growing knowledge of the advantages of eating a healthy diet, and increasing demand globally for bottled water.
A more than 150-page report is developed to help in your business decisions.
Cap & Closure by Segment
The study includes a forecast for the global cap & closure by type, raw materials, end use, and region.
Cap & Closure Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Cap & Closure Market by Raw Materials [Shipment Analysis by Value from 2018 to 2030]:
Cap & Closure Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Cap & Closure Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Cap & Closure Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cap & closure companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cap & closure companies profiled in this report include-
Cap & Closure Market Insights
Lucintel forecasts that plastic is expected to witness highest growth over the forecast period due to long life span, requirement for reclose-ability, the desired product image, as well as, reduced biodegradability and carbon dioxide emissions during manufacturing.
APAC is expected to witness highest growth over the forecast period because of rising consumption of packaged and processed foods and beverages along with rising disposable incomes.
Features of the Global Cap & Closure Market
Market Size Estimates: Cap & closure market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Cap & closure market size by type, raw materials, end use, and region in terms of value ($B).
Regional Analysis: Cap & closure market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, raw materials, end use, and regions for the cap & closure market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cap & closure market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the cap & closure market size?
Answer: The global cap & closure market is expected to reach an estimated $98.3 billion by 2030.
Q2. What is the growth forecast for cap & closure market?
Answer: The global cap & closure market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the cap & closure market?
Answer: The major drivers for this market are growing demand for alcoholic & non-alcoholic beverages, growing knowledge of the advantages of eating a healthy diet, and increasing demand globally for bottled water.
Q4. What are the major segments for cap & closure market?
Answer: The future of the global cap & closure market looks promising with opportunities in the food, beverage, healthcare, and cosmetics & toiletries markets.
Q5. Who are the key cap & closure market companies?
Answer: Some of the key cap & closure companies are as follows:
Q6. Which cap & closure market segment will be the largest in future?
Answer: Lucintel forecasts that plastic is expected to witness highest growth over the forecast period due to long life span, requirement for reclose-ability, the desired product image, as well as, reduced biodegradability and carbon dioxide emissions during manufacturing.
Q7. In cap & closure market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period because of rising consumption of packaged and processed foods and beverages along with rising disposable incomes.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.