Caps and closures are also used for product differentiation and brand building. In addition to food, drink and cosmetics packaging, they are used for the production of closures for industrial packaging, medicine packaging and the packaging of everyday items. They are generally made of metal, plastic, rubber, or combinations of these materials, plastic being one of the most preferred materials. Some other types of caps and closures are threaded caps, hinged caps, roll-on closures, twist-off closures, stoppers, corks, dispensing closures, lug caps, canning lids, and wine and spirit closures. However, the primary purpose of plastic caps & closures to maintain safety and wholesomeness of products, makes it so preferred.
The impact of packaging waste on the environment can be minimized by prudently selecting materials by following the guidelines, and reviewing expectations of packaging in terms of environmental impact. Knowledgeable efforts by the industry will promote continued improvement, and an understanding of the functional characteristics of packaging will push the market towards growth. Plastic caps & closures market is expected to reach the market size of ~USD 61.71 billion by the end of forecast period with CAGR of ~5.2% during the forecast period. Closures and caps become imperative for packaging industry, which is serving as the driving factor for the industry. In terms of applications and end-use, beverages are expected to remain the largest segment of the industry. However, pharmaceuticals market is poised to witness strong growth during the forecasting period.
The prominent players in the global plastic caps & closures market includes RPC Group Plc (UK), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (UK), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).
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