Rockville, MD -- (SBWire) -- 07/12/2019 --Global Cap Seals Market: Overview

In the recent years, counterfeiting has been a major issue for packaging manufacturers. As a result of counterfeiting issues, packaging manufacturers are looking for better closing solutions such as cap seals. Cap seals are mainly used as closures for packaging applications such as jars, bottles, containers and tubes. In addition, due to the tamper evident closing ability of cap seals, they offer a superior anti-counterfeiting solution. Furthermore, cap seals can be used for the packaging of several end-use applications such as chemical, food & beverage, lubricant and pharmaceutical.

Cap seals are an efficient aspect of packaging and deal with the protection of products packed within the bottle and prevent them from leakage. They are made of a widespread variety of materials such as plastic, steel, aluminum and tin. Cap seals are lightweight and durable closures and are of the same diameter as the crown cork and thus, can be easily pulled without the need for a bottle opener.

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Global Cap Seals Market: Dynamics

Cap seals outperform their use as lightweight yet strong closures that seal bottles and prevent the beverage from spilling. The growing demand for packaging to meet the longer shelf life of beverages has been recognized as a key feature driving the global cap seals market. In November 2016, Finn - Korkki Oy introduced cap seals at DrinkTec India. In January 2018, Guala Closures Group introduced a new variety of cap seals dedicated to wineries at the Unified Wine & Grape Symposium. Moreover, stringent regulations on the disposal of plastic with the increasing costs of raw materials are few of the restraining factors hampering the growth of the cap seals market during the forecast period.

Global Cap Seals Market: Segmentation

The global cap seals market has been segmented on the basis of material type, packaging type, cap diameter, head type, technology type and end-use industry. The pricing for cap seals has been presented in US$ million and the volume has been considered in units.

On the basis of material type, the global cap seals market has been segmented into:

Plastic
Polyethylene (PE)
Low Density Polyethylene (LDPE)
High Density Polyethylene (HDPE)
Linear Low Density Polyethylene (LDPE)
Polypropylene (PP)
Polystyrene (PS)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Others
Metal
Steel
Aluminum
Tin
On the basis of packaging type, the global cap seals market has been segmented into:

Containers
Bottles
Vials & Ampoules
Tubes
Jars
Jerry Cans
Others
On the basis of cap diameter, the global cap seals market has been segmented into:

Less than 20 mm
20 mm to 30 mm
30 mm to 40 mm
More than 40 mm
On the basis of head type, the global cap seals market has been segmented into:

Round head caps
Closed head caps
Hex head caps
On the basis of technology type, the global cap seals market has been segmented into:

Injection molding
Thermoforming
Extrusion
On the basis of end-use industry, the global cap seals market has been segmented into:

Chemical & fertilizer
Food
Beverages
Alcoholic beverages
Non – Alcoholic beverages
Home care
Personal care & cosmetics
Automotive
Petroleum & lubricants
Other industrial end uses
Cap seals are mainly used for chemicals & fertilizers and personal care & cosmetic products.

Global Cap Seals Market: Regional Overview

In North America, the U.S. market is expected to dominate the cap seals market during the forecast period. China and India in Asia-Pacific are expected to witness highest growth in the cap seals market. Furthermore, Europe, being a developed market, is expected to witness steady growth in the cap seals market, especially in the U.K., France and Germany during the forecast period.

Global Cap Seals Market: Market Participants

Examples of some of the key players in the cap seals market are Finn - Korkki Oy, Crown Holdings, Inc., Guala Closures Group, Sonoco Products Company, Pelliconi & C. SPA, Fuzhou SKT Co.,Ltd, Taiwan Hon Chuan Enterprise Co., Ltd., Jiangsu Changjiang Lids Co., Ltd and World Bottling Cap, LLC.

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The report is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global market is divided into seven major regions -

North America
Asia Pacific excluding Japan (APEJ)
Latin America
Eastern Europe
Western Europe
Japan
Middle East & Africa (MEA)
Report Highlights:

A detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size regarding volume and value
Recent industry trends and developments
Competitive landscape
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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