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The caps and closures market share should rise by USD 9.37 billion from 2022 to 2026 at a CAGR of 6.02%.
This caps and closures market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by end-user (food and beverage, pharmaceuticals, personal care, and others) and geography (APAC, Europe, North America, MEA, and South America). The caps and closures market report also offers information on several market vendors, including Amcor Plc, AptarGroup Inc., BERICAP Holding GmbH, Berry Global Group Inc., Coral Products Plc, Crown Holdings Inc., Guala Closures SpA, HERTI JSC, Reynolds Group Ltd., and Silgan Holdings Inc. among others.
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On the other hand, metal is more sustainable and durable as compared to plastic material, which may drive the growth of the metal caps and closures market in the forecast period.
The increasing merger and acquisition and new product launches is notably driving the caps and closures market growth, although factors such as unstable price of raw material may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the caps and closures market. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This caps and closures market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The vendor landscape of the pharmaceutical caps and closures market entails successful business strategies deployed by the vendors. The caps and closures market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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39% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for caps and closures market in APAC.
The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Rising online food delivery market will facilitate the caps and closures market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
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The caps and closures market share growth by the food and beverage segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the caps and closures market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
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Caps and Closures Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.02% |
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Market growth 2022-2026 |
$ 9.37 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.16 |
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Regional analysis |
APAC, Europe, North America, MEA, and South America |
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Performing market contribution |
APAC at 39% |
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Key consumer countries |
US, China, Germany, Russian Federation, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
Amcor Plc, AptarGroup Inc., BERICAP Holding GmbH, Berry Global Group Inc., Coral Products Plc, Crown Holdings Inc., Guala Closures SpA, HERTI JSC, Reynolds Group Ltd., and Silgan Holdings Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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