Sarasota, FL -- (SBWire) -- 04/09/2019 --Global Metal Caps and Closures Market: Overview

These closures provide a designed system capable of easy opening & dispensing. These design systems include tamper evident and child resistant packaging Metal caps and closures are available in various diameters and closure types. Metal caps and closures offer stability and rigidity while conveying a superior product image.

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Global Metal Caps and Closures Market: Growth Factors

Rise in the global activities pertaining to food & beverage trade resulting in massive demand for effective packaging solutions will steer the growth of metal caps and closures market over the coming years. Metal caps and closures have wide application including packaging of pharmaceuticals and cosmetic & personal care. Escalating demand for liquid medicines is a key factor leading to the growth of the metal caps and closures market in the near future. The growing use of child-resistant and tamper evident metal caps and closures have gained huge popularity and as a result the market growth will only gain traction in the foreseeable future. Furthermore, this will encourage the manufacturers to produce superior quality metal caps and closures, thereby further steering the growth of metal caps and closures market in the near future.

The factor driving the wine metal caps and closures market is the use of metal caps and closures in place of corks which destroy the taste of the wine. Aluminum closures being user-friendly and recyclable, fuel the growth of the metal caps and closures market. The rising number of bars and restaurants has remarkably led to the soaring consumption of beer which acts as a driver for the production of metal caps and closures. This, in turn, will enhance the business scope in the near future. However, various environmental legislations may hamper the growth of the metal caps and closures market over the forecast period.

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Global Metal Caps and Closures Market: Segmentation

The global metal caps and closures market has been segmented on the basis of type, material, and end use. Based on the type, the market is sectored into crown, can-ends, screw caps, and others. On the basis of material, the market is classified into aluminum, tin plate, and steel. On the basis of end use, the metal caps and closures market is divided into food, beverage packaging, pharmaceutical, and cosmetics & personal care.

Global Metal Caps and Closures Market: Regional Analysis

Based on regions, the global metal caps and closures market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market in North America is expected to dominate the global metal caps and closures market, owing to growing pharmaceutical industry in countries such as the U.S. and Canada in the region. Contrast to this, the metal caps and closures market in Asia Pacific is expected to be an emerging one and is slated to record highest CAGR over the estimated period, owing to elevating population coupled with increasing consumer preference for ready to go food and beverages in the region. Escalating demand for canned & bottled alcoholic beverages in countries such as India and China will drive the growth of the regional market. Growing product popularity in countries such as Brazil will scale up the market growth trends in Latin America. Massive use of metal cans and closures in countries such as UK, Italy, Nordic, Poland, Russia, France, and Germany will augment the market trends in European region. The Middle East and African market has a huge growth potential and will contribute remarkably towards the overall market growth in the near future.

Global Metal Caps and Closures Market: Competitive Players

Major players operating across the global market for metal caps and closures include Crown Holdings Inc., Sonoco Products Company, Guala Closures Group, Nippon Closures Co. Ltd, Amcor Ltd, O Berk Company, Manaksia Industry Ltd., Pelliconi & C. SPA, CL Smith Company, and Closure Systems International.

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Global Metal Caps and Closures Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa