Metal Caps and Closures Market Is Expected To Reach $32.06 Billion By 2032

Zion Market Research has published a new report titled “Metal Caps and Closures Market by Type (Crown, Can-Ends, Screw Caps, and Others), by Material Type (Aluminum, Tin Plate, and Steel), and by End-User (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032”. According to the report, the global metal caps and closures market was USD 23.48 billion in 2023 and is predicted to grow to around USD 32.06 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.52% between 2024 and 2032.

Metal caps and closures provide rigidity and stability while portraying a superior product image to the consumers in the market. Metal caps and closures are available with plastic liners to ensure that the contents of the containers are safe. The global metal caps and closures market is expected to grow at a significant pace in the future, owing to the surging demand for processed food products across the globe. Moreover, the rising population has propelled the demand for food and beverages, which, in turn, has increased the consumption of caps and closures. Additionally, the increasing demand for cosmetics and personal care products is also expected to fuel this market in the years ahead.

However, volatility in product prices may hamper the metal caps and closures market growth. Conversely, the increasing innovations witnessed in product design are projected to offer numerous growth opportunities to the global metal caps and closures market.

Browse the full “Metal Caps and Closures Market by Type (Crown, Can-Ends, Screw Caps, and Others), by Material Type (Aluminum, Tin Plate, and Steel), and by End-User (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032?” Report at https://www.zionmarketresearch.com/report/metal-caps-and-closures-market

The type segment of the metal caps and closures market includes screw caps, can-ends, crown, and others. In 2018, the crown segment accounted for the significant market share, due to the extensive use of crown caps by the beverage industry. Based on material type, the metal caps and closures market includes steel, tin plate, and aluminum. In 2018, the aluminum segment contributed a significant share to the global metal caps and closures market, as it is widely used to manufacture caps and closures due to its corrosion-resistance and cost-efficiency.

The end-user segment of the metal caps and closures market is divided into food and beverage, cosmetics and personal care, pharmaceutical, and others. The food and beverage segment is the largest consumer of metal caps and closures, due to the growing number of food and beverage companies across the globe.

In 2018, North America contributed the largest market share to the global metal caps and closures market. This regional growth can be attributed to the increasing application of metal caps and closures in the food and beverage industry in the region. The Asia Pacific metal caps and closures market is likely to be driven the growing consumption of metal caps and closures in countries like China, Japan, and India in the future.

Metal Caps and Closures Market: Competitive Analysis

The global metal caps and closures market is led by players like:

• Closure Systems International
• Guala Closures Group
• Pelliconi & C. SPA
• Nippon Closures
• Sonoco Products Company
• O Berk Company
• Manaksia Industry
• Amcor
• CL Smith Company
• Crown Holdings

This report segments the global metal caps and closures market into:

Global Metal Caps and Closures Market: Type Analysis

• Crown
• Can-Ends
• Screw Caps
• Others

Global Metal Caps and Closures Market: Material Type Analysis

• Aluminum
• Tin Plate
• Steel

Global Metal Caps and Closures Market: End-User Analysis

• Food and Beverage
• Pharmaceutical
• Cosmetics and Personal Care
• Others

Global Metal Caps and Closures Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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