Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Business / Global Caps and Closures Market: Asia Pacific to Stay Frontrunner through 2021

Global Caps and Closures Market: Asia Pacific to Stay Frontrunner through 2021

By darshana on February 02 2018 | 114 Views

Caps and Closures Market was valued at US$36.23 bn in 2014 and is projected to reach US$51.57 bn by 2021, expanding at a CAGR of 5.2% from 2015 - 2021

The global caps and closures market features a highly fragmented vendor landscape. To sustain the high competitive rivalry that a fragmented arena invariably bears, key players are adopting strategies that cater to the changing consumer requirements and help them in establishing a strong presence in the market. According to the research by Transparency Market Research (TMR), Berry Plastics, Global Closure Systems, Silgan Holdings Inc., Crown Holdings Inc., Bericap, and Reynolds Group Holdings Ltd. Are among the torch bearers in the global marketplace.
“Mergers and acquisition and product innovation are some of the go-to strategies for the majority of these players to expand their product portfolio and stay relevant in the global caps and closure market,” says TMR’s lead analyst. The market is anticipated to rise to a valuation of US$51.57 bn by 2021, expanding at a 5.2% CAGR between 2015 and 2021.
Browse Research Report With Complete TOC @ https://www.transparencymarketresearch.com/caps-closures-market.html
By application, the alcoholic beverages segment will continue to account for the leading share in the market in terms of revenue until 2021. The growing consumption of beer and wine is supplementing the growth of the segment. On the basis of geography, Asia Pacific will continue to dominate the market until 2021, reaching a valuation of US$18.75 bn. The increasing sales of canned food and beverages due to the improving living standards and rising purchasing power are fuelling the demand for caps and closures in the region.
With the booming packaging industry worldwide, the global market for caps and closures is expected to tread along a phenomenal growth trajectory. Packaging helps in extending the shelf life of food and beverages and also in retaining their flavor and texture for a longer duration. “The rising health and hygiene consciousness among the populace in countries such as Brazil, China, and India are causing a shift in preference from unpackaged to packaged food items. This is working in favor of the packaging industry, thus triggering the demand for caps and closures,” says a TMR analyst.
The soaring demand for plastic caps and closures in the beverages sector is allowing the overall market to gain impetus. The spiraling use of PET-based disposable bottles is translating into the greater sales of plastic caps and closures.
Request a PDF Brochure with Research Report Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2275
The stiff competition from the flexible packaging industry is jeopardizing the presence of caps and closures. Flexible packaging systems such as pouches are making inroads into the shares of containers using caps and closures, especially in the food and beverage industry. In addition to this, flexible packaging is lighter in weight due to materials such as aluminum, paper, PVC, and polypropylene used for manufacturing it. This is allowing it to emerge as a strong substitute for caps and closures.
Due to the dynamic nature of the packaging industry, manufacturers are constantly under the pressure of changing designs of their offerings. The recent trend of lightweight packaging is prompting them to manufacture lightweight and cost-effective caps and closures. However, lightweight caps are highly susceptible to cracking and contamination. This, in turn, is impeding the upward climb of the market.
About Us
 Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. 
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement. 
US Office Contact
90 State Street, Suite 700Albany, NY 12207Tel: +1-518-618-1030USA - Canada Toll Free: 866-552-3453Email: sales@transparencymarketresearch.comWebsite: https://www.transparencymarketresearch.com



Latest Exclusive Press Release
Knowledge Management Software Market Global Analysis, Segments, Top Key Players, Drivers and Trends by Forecast to 2023
Global Stationery and Cards Market 2018 Share, Trend, Segmentation and Forecast To 2023
Smart Machine Global Market 2018- Competitive Landscape, Strategies, Share, Trends, Segmentation, Growth Forecast 2022
Carbon Nanotube (CNT) Market Growth Prospects with Company Profiles Analysis Research Report
Global Fungicides Market is projected to grow at a CAGR over 5.4% during the period 2017- 2023
Popular Press Release
Zeng Fanzhi Parcours Exhibition 2016 in Beijing
Home Ministry’s Population Register Worse than Prisoner Identification
First Time Home Buyers Tax Credits STILL Available For Troops!
Best Web Hosting Service in India
Model the world with Google SketchUp 8


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet