Transparency
Market Research (www.transparencymarketresearch.com)
has published a new market report, titled “Caps and Closures Market
- Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2015 - 2021”. According to the report, the global 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 to 2021. In terms of volume, the global caps and closures
for food and beverages market stood at 1342.2 bn units in 2014 and is
expected to reach 1702.1 bn units by 2021, expanding at a CAGR of
3.5% over the forecast period.
In
terms of volume and revenue, Latin America is the fastest growing
market and is projected to register the highest CAGR during the
forecast period. Brazil is the fastest growing country in Latin
America in terms of demand for caps and closures. Increase in
consumption of nonalcoholic beverages such as bottled water and
carbonated soft drinks acts as a driving force for the growth of the
market for plastic screw closures in Brazil.
Browse
full Caps
and Closures Market report
at:http://www.transparencymarketresearch.com/caps-closures-market.html
The
Latin America caps and closures for food and beverages market, in
terms of revenue and volume, is estimated to expand at a CAGR of 7.2%
and 6.1%, respectively, during the forecast period from 2015 to 2021.
In
2014, Asia Pacific was the largest market for caps and closures for
food and beverages in terms of revenue and volume and is estimated to
retain its position as the market leader over the forecast period.
China, India, and Japan are among the fastest growing countries in
Asia Pacific. The caps and closures market in Asia Pacific is mainly
driven by the increase in demand for plastic screw closures in dairy
products. In addition, increasing consumer preference for fruit
beverages and bottled water also propels the demand for plastic screw
closures.
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The
major factors driving the caps and closures for food and beverages
market are: growing demand from the packaging industry and a rise in
demand for plastic caps and closures.
Among
the various beverage caps and closures, the plastic screw closures
segment held the largest market share in both value and volume terms
in 2014 and is expected to remain the market leader till 2021. Demand
for plastic screw closures is expected to be high during the forecast
period, driven mainly by an increase in the consumption of beer and
bottled water globally.
Leading
players operating in the caps and closures for food and beverages
market include Silgan Holdings Inc., Global Closure Systems, Bericap,
and Crown Holdings, Inc.
The
caps and closures for food and beverages market has been segmented as
follows:
Global
Caps and Closures Market for Food and Beverages Industry by Product
Type
Product
types covered under this research study are:
- Food caps and closures
- Beverages caps and closures
Global
Caps and Closures Market for Food and Beverages Industry by Food
Closures Type
Product
types covered under this research study are
- Peel-off foils
- Easy-open can ends
- Metal lug closures
- Plastic screw closures
- Others
Global
Caps and Closures Market for Food and Beverages Industry by Beverage
Closures Type
- Plastic screw closures
- Metal crowns
- Metal screw closures
- Corks
- Others
Global
Caps and Closures Market for Food and Beverages Industry by
Application
- Alcoholic Beverages
- Non Alcoholic Beverages
Global
Caps and Closures Market for Food and Beverages Industry by Alcoholic
Beverages type
- Beer
- Wine
- Others
Global
Caps and Closures Market for Food and Beverages Industry by Non
Alcoholic Beverages type
- Bottled water
- Carbonated soft drinks
- Others
Global
Caps and Closures Market for Food and Beverages Industry by Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Browse
Full Press Release :
http://www.transparencymarketresearch.com/pressrelease/caps-closures-market.htm
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Us
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Market Research (TMR) is a global market intelligence company,
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Contact
Mr.
Atil Chaudhari
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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