Caps and Closures Market to Hit US$51.57 Billion by 2021 at a CAGR of 5.2% from 2015 to 2021
The global caps and closures market is driven by emerging economies. China and India are two of the key caps and closures markets in the world. Caps and closures are used mainly in the packaging industry to preserve products to extend their shelf life. In the past, North America dominated the global packaging industry. However, the change in manufacturing trends has led to key companies to shifting their manufacturing bases from developed economies to emerging economies.
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