DUBLIN, Feb. 7, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/lb7f4q/caps_and_closures) has announced the addition of the "Caps & Closures Market by Raw Material, Applications & Types - Global Trends & Forecast to 2018" report to their offering.
The global caps & closures market volume is estimated to reach 2,312.0 billion by 2018, with a projected CAGR of 4.0% from 2013 to 2018. The market has made little strides in terms of volume gains amidst the economic slowdown. However, it has grown considerably in the last few years and is anticipated to grow at a rapid pace in the near future. Factors such as growing consumer preferences towards consuming convenient packaged food & beverages, personal care products, and pharmaceutical are helping the caps & closures industry to grow. Increasing innovations in the industry help to drive down the cost and launch new closure types. This acts as an important driver for the market.
The global market volume was 1,826.0 billion in 2012 and is projected to reach 2,312.0 billion by 2018, growing at a CAGR of 4% from 2013 to 2018. The end-use sectors are exhibiting buoyant growth driven by rising population and disposable incomes. The caps & closures market was dominated by the beverage segment both in value and volume terms. Plastics (polyethylene and polypropylene) were the most dominant raw materials used for caps and closures.
The global caps & closures market is largely driven by the volume growth in its end-use industries. The penchant for consumption of packaged products such as food & beverage, personal care, and pharmaceuticals is resulting in the growth of this industry. Consumers' push for convenient packaging would result in the growth of pouches, sachets, bags, and other types of flexible packaging. These novel pack types with varying sizes and innovative closures are expected to gain momentum in the near future. Advent of closure-less pouches may restrain further growth in the industry.
The caps & closures market consists of various stake holders such as raw material suppliers, packaging manufacturers, traders, distributors and end-use manufacturers such as food, beverage, personal care products, pharmaceuticals, and industrial chemicals. The companies enjoying substantial market share are Berry Plastics Corporation (U.S.), Bericap GmbH & Co. KG (Germany), Silgan Holdings (U.S.), Reynolds Group Holdings (New Zealand), Global Closure Systems (France), and Crown Holdings Incorporation (U.S.). The top six players accounted for a share of around 17.5% in the total caps and closures market, depicting the high number of competitive companies in the industry.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Industry Analysis
5 Caps & Closures Addressable Markets
6 Caps & Closures: Key Market Data
7 Food Caps & Closures Market
8 Beverage Caps & Closures Market
9 Pharmaceutical Caps & Closures Market
10 Personal & Home Care Caps & Closures Market
11 Industrial: Caps & Closures Market
12 Competitive Landscape
13 Company Profiles
- Alpla Holdings Gmbh
- Amcor Ltd.
- Aptar Group
- Bericap Gmbh Co. & Kg
- Berlin Packaging
- Berry Plastics Corporation
- Crown Holdings Inc.
- Essel Propack Ltd.
- Global Closure Systems
- Guala Closures Group
- Manaksia Ltd.
- Meadwestvaco Corporation
- Pelliconi & C. S.P.A.
- Plasticum Group
- Rexam Plc
- Reynolds Group Holdings Limited
- Rpc Group Plc
- Silgan Holdings Inc.
For more information visit http://www.researchandmarkets.com/research/lb7f4q/caps_and_closures
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SOURCE Research and Markets