The Global Aluminum Caps & Closures Market is forecast to reach USD 8.06 Billion by 2026, according to a new report by Reports and Data. The market is rising rapidly in the global market due to the high demand for aluminum caps & closures in the beverages and foods processing verticals. The aluminum helps in temperature insulation, moisture-resistance, resistance to chemical corrosion, non-toxicity, non-absorbance, and exfoliation making it highly convenient in pharmaceutical products packaging also. The global market is rising rapidly due to the increase in the packaging units of beverages and food processing verticals.
Asia Pacific region is forecasted to generate the highest revenue of USD 3.04 Billion in the year 2026, owing to its extensive market penetration coupled with the rising income rate and population mostly in China and India.
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The comprehensive analysis of the Aluminum Caps & Closures market assists businesses in gaining a competitive advantage and helps them reach their business goals and objectives. The global Aluminum Caps & Closures market research report is formulated with the descriptive profiles of the leading companies of the market along with their pricing analysis, gross revenue, financial standing, sales network and distribution channel, profit margins, and market position. This offers the readers a complete understanding of the competitive landscape of the Aluminum Caps & Closures industry.
The Aluminum Caps & Closures research report draws focus on the strengths and weaknesses of the key players of the market through a comprehensive SWOT analysis and Porter’s Five Forces analysis to project the growth rate.
Top Companies Profiled in this Report are:
Amcor, Remy Caps, Alcopack, Aludium, Federfintech, DGS, Herti, United Closure, Alameda Packaging, and ITC Packaging.
For the purpose of this report, Reports and Data have segmented the global aluminum caps & closures market on the basis of the caps & closures type, type of usability, end-use verticals, and region:
Caps & Closures Type Outlook (Revenue, USD Billion; 2016-2026)
- Roll-on Pilfer Proof (ROPP)
- Flip Top
- Crown Cork
- Press Twist
- Easy Open End
- Spray Bottle
- Peel-Off Foil
- Closure Strips
Type of Usability Type Outlook (Revenue, USD Billion; 2016-2026)
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2026)
- Personal Care Products
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Aluminum Caps & Closures market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Further key findings from the report suggest
- Foods end-use verticals include food-oils, milk, sauces, dairy products, and jam & jellies, to name a few. Foods also need a high level of insulation from the outer weather. Aluminum insulation keeps the food healthy and fresh and helps remain edible for an extended period. Foods segment is forecasted to gain a growth of 5.2% in 2019-2026.
- Personal Care Products are the range of health-grooming products and toiletries such as antiseptic liquids, grooming oils and gels, perfumes, and others. This segment is expected to have a market revenue of USD 0.97 Billion by 2026.
- Flip top caps are often seen in the beer bottles, premium water jars, Ittar perfume bottles, and others. Flip Top has a market share of 13.1% in 2018 and growing with a CAGR of 4.9% during the forecast period.
- Crown Cork is vastly used in the soft-drink glass bottles, beer bottles, dairy drinks, and others. This type of caps are meant to be for use-and-throw purpose as the crown corks cannot be reused for closing the bottles without proper sealing machines, once opened. As the name suggests, the caps are crown alike and mostly used with the glass bottles. The crown cork is growing with a CAGR of 5.5% and will achieve a market revenue of USD 1.38 Billion by 2026.
- Non-Reusable are the ones, which could not be reused once the seal is broken. E.g., crown corks, easy open end, peel-off foils, and others are under the non-reusable segment. The market growth is getting slowed down as this type of caps are for a use-and-throw purpose and is only incorporated with the containers which are made for one-time consumption. The segment is forecasted to get a market share of 31.3% by 2026.
- APAC, owing to its most extensive population base and rising developing economies, is helping the market grow with the fastest CAGR of 6.6% throughout the forecast period. China and India are some of the active contributors in this region.
- North America is accounted to gain 21.1% of market possession by 2026 with a CAGR of 5.6% in the forecast period.
Key Objectives of the Aluminum Caps & Closures Market Report:
- Analysis and forecast of the Global Aluminum Caps & Closures Market by segmentation of the market
- Analysis of various macro and micro-economic factors influencing the growth of the Aluminum Caps & Closures market
- Extensive SWOT analysis and Porter’s Five Forces analysis to offer a detailed view of the competitive landscape
- Insights into drivers, restraints, opportunities, limitations, threats, and challenges
- Analysis of the key players operating in the industry
- Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans
In conclusion, the report offers an extensive panoramic view of the Aluminum Caps & Closures industry, backed by key statistical data and figures garnered from authentic sources and thorough primary and secondary research. The report offers a thorough examination of the size, shape, and volume of the market to offer an accurate forecast estimation of the Aluminum Caps & Closures industry till 2027. The report also strives to offer strategic recommendations to the new players entering the Aluminum Caps & Closures industry and guide them for overcoming entry-level barriers. It also offers recommendations to the established companies to fortify their presence in the Aluminum Caps & Closures market and capitalize on the emerging opportunities in the industry.
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