Caps
and closures is an important segment of the packaging industry that
helps in extending and protecting the shelf life of end-products.
Plastic and metal are the major raw materials used in the manufacture
of caps and closures. Other raw materials include glass, wood, and
paper.
In
terms of market size, beverage caps and closures account for the
largest market share globally. Packaging aims to provide extended
shelf life to food and beverages, and also to other end-products,
retaining their texture, taste, and flavor for a long period of time.
The rise in demand from the packaging industry is expected to drive
the caps and closures market during the forecast period. Moreover,
shift from unpackaged to packaged goods in emerging countries such as
China, India, and Brazil is expected to fuel demand for caps and
closures. Increased use of PET-based disposable bottles and
consumption of bottled water globally is mainly driving the plastic
caps and closures market in the beverages industry. Plastic is
expected to replace metal caps and closures due to improvement in the
quality of raw materials used in plastic caps and closures.
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Among
the different geographies Asia Pacific held the largest market for
the caps and closures market in terms of both revenue and volume in
2014 and is projected to stay as the market leader over the forecast
period. China and India are the dominant market for caps and closures
in Asia Pacific region. Increase in demand for metal food cans acts
as a driving factor in the growth of metal caps and closures market
in Asia Pacific. Latin America is the fastest growing region for
global caps and closures for food and beverages market. Brazil is the
fastest growing country in Latin America and demand for caps and
closures is expected to be high during the forecast period. Increase
in consumption of non alcoholic beverages acts as a driving factor in
the growth of plastic screw closures in Brazil.
In
terms of product type, the global caps and closures market has been
segmented into food and beverages caps and closures. Food closures
are categorized into peel-off foils, easy-open can ends, metal lug
closures, plastic screw closures, and others. Beverages closures are
categorized into plastic screw closures, metal crowns, metal screw
closures, corks, and others. In terms of application, the global caps
and closures market has been segmented into alcoholic and
non-alcoholic beverages. Alcoholic beverages application includes
caps and closures used in beer, wine, and spirit bottles.
Non-alcoholic beverages caps and closures application has been
further segmented into bottled water, carbonated soft drinks, and
others.
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This
report also provides an understanding of volume (billion units) and
value (USD billion) of caps and closures for food and beverages
market. The study also provides forecast from 2015-2021 and
highlights current and future market trends.
By
geography, the market has been segmented into North America, Europe,
Asia Pacific, the Middle East and Africa and Latin America. This
report helps distributors, suppliers and manufacturers to formulate
strategies based on understanding of the trends in this market.
Plastic
screws dominate the closure type in beverages since they are widely
used in dressings, condiments, and soft and alcoholic drinks. In the
beverage segment, caps and closures are mostly used in alcoholic
beverages such as beer and wine as compared to non-alcoholic
beverages which include bottled water and carbonated soft drinks.
Increasing demand for bottled water due to rising health
consciousness among consumers is expected to propel the demand for
caps and closures used in the bottled water market
The
leading players in the caps and closures for food and beverages
market include Silgan Holdings Inc, Bericap, Crown Holdings, Inc.,
Berry Plastics, Reynolds Group Holdings Ltd. and Closure Systems
International (CSI).
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
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