Transparency
Market Research has published a new report, titled “Caps and
Closures Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2015 - 2021”. According to this report, in
terms of value, the global caps and closures market for the food and
beverages industry is projected to expand at a 5.20% CAGR during the
forecast period. In 2014, the global caps and closures market was
worth more than US$36.2 bn and by 2021, the market is expected to be
worth over US$51.5 bn.
Volume-wise,
the global caps and closures market for the food and beverages
industry is projected to expand at a 3.50% CAGR during the forecast
period. In 2014, the global caps and closures market for the food and
beverages industry recorded 1,342.2 bn units and by 2021, the market
is projected to record 1,702.1 bn.
Browse
the full Caps and Closures Market report at
:http://www.transparencymarketresearch.com/caps-closures-market.html
By
product type, the global caps and closures market for the food and
beverages industry is segmented into food caps and closures and
beverages caps and closures. Within the food closures type, the
global caps and closures market for the food and beverages industry
is divided into peel-off foils, metal lug closures, easy-open can
ends, plastic screw closures, and others. Within the beverage
closures type, the global caps and closures market for the food and
beverages industry is classified into metal crowns, plastic screw
closures, metal screw closures, corks, and others. In 2014, the
segment of plastic screw closures held the largest share in the
global caps and closures market for the food and beverages industry
and is projected to continue its dominance in the foreseeable future.
Application-wise,
the global caps and closures market for the food and beverages
industry is divided into non-alcoholic beverages and alcoholic
beverages. Some of the alcoholic beverage types covered in the study
are beer and wine. Some of the non-alcoholic beverage types analyzed
in the study are carbonated soft drinks and bottled water.
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Region-wise,
the global caps and closures market for the food and beverages
industry is divided into Latin America, the Middle East and Africa,
Asia Pacific, Europe, and North America. In 2014, Asia Pacific
dominated the global caps and closures market for the food and
beverages industry in terms of volume and value. However, by volume
and revenue, Latin America is the fastest growing market in the
global caps and closures market for the food and beverages industry.
In
Latin America, Brazil is the fastest growing national market. The
Latin America caps and closures market for the food and beverages
industry benefits from the growing consumption of non-alcoholic
beverages such as carbonated soft drinks and bottled water. The Latin
America caps and closures market for the food and beverages industry
is projected to expand at a CAGR of 7.20% and 6.10% in terms of
revenue and volume, respectively, during the forecasting horizon.
Players
in the global caps and closures market for the food and beverages
industry will benefit from the growing demand for packaged food and
beverages items. Some of the key companies operating in the global
caps and closures market for the food and beverages industry are
Berry Plastics Corporation, Closure Systems International, Crown
Holdings, Silgan Holdings, Aptar Group, and Pact Group Holdings.
Key
Segments of the Global Caps and Closures Market
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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Full
Press
Release:http://www.transparencymarketresearch.com/pressrelease/global-caps-closures-market.htm
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