New York, NY -- (SBWire) -- 07/12/2017 --According to Stratistics MRC, the Global Caps & Closures Market is valued at $49.78 million in 2015 and is expected to reach $68.5 million by 2022 growing at a CAGR of 6.5% from 2015 to 2022. The factors driving the market growth are fear about product safety & security, increasing per capita consumption in rising economies and modern caps for shelf visibility. Sluggish demand for caps & closures is hindering the market while the product improvement provides an opportunity for the market growth. Rise in demand for metal cans acts as a driving factor in the growth of metal caps and closures market. Plastic screws govern the closure type in beverages since they are broadly used in dressings, condiments, and soft & alcoholic drinks.

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Despite experiencing favourable growth opportunities, the emergence of flexible packaging is probable to restrict the market's growth to an extent. However, the rising investment by manufacturers in novel technologies, designs, and materials is anticipated to foster the market in the near future. Asia Pacific held the major market in terms of both revenue and volume and is anticipated to dominate the market over the forecast period. Latin America is anticipated to be one of the fastest growing regions among the global market.

Some of the key players in the market include Amcor Ltd, Aptargroup Inc, Bericap GmbH Co. & Kg, Berry Plastics Corporation, Borealis, Caps & Closures Pty. Ltd, Closure Systems International (CSI), Crown Holdings inc, Dätwyler Holding Incorporated, DS Smith, Gerresheimer, Global Closure Systems (GCS), Guala Closures Group, Meadwestvaco, Pact Group Holdings Ltd, Rexam Plc, Reynolds Group Holdings Limited, RPC Group, Silgan Holdings Inc and Tetra Laval International SA.

Product Types Covered:
- Plastic Caps & Closures
-Screw Caps
-Liquid Carton Closures
-Plastic Caps & Closures
-Aerosol Sprays
-Dispensing Closures
-Other Plastic Caps & Closures
- Metal Caps & Closures
-Can Ends
-Crown Caps
-Screw & Lug Caps
-Lug Closure
-Other Metal Caps & Closures
- Other Product types
-Corks
-Easy-open can ends
-Elastomer Stoppers
-Food Caps and Closures
-Glass Stoppers
-Lids
-Peel-Off Foils
-Pumps & Sprays
-Rubber stoppers

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Raw Materials Covered:
- Metal Closures
-Aluminium
-Stainless Steel
-Tin-plated
- Plastic
-Polypropylene (PP)
-Polyethylene (PE)
-Polycarbonate
-Polyethylene terephthalate
-Polyvinyl chloride
-Polystyrene
- Rubber & Cork
- Other Raw Materials
-Glass
-Paper Board
-Rubber
-Wood Closures
-Elastomers
-Resins

Applications Covered:
- Pharmaceuticals
-Tubes
-Parenteral Containers
-Bottles
- Beverage
- Alcoholic Beverages
-Non-alcoholic Beverages
- Industrial
-Steel Drums
-Barrels
-Plastic Containers
-Cans
-Plastic Drums
-Food
-Pouches
-Cartons
-Jars
-Cans
- Personal Care & Home Care
-Aerosols
-Bottles
-Tubes
-Pouches
- Other Applications
-Chemical
-Automotive
-Cosmetics & toiletries
-Dyes and paint

Packaging Types Covered:
- Crowns
- Caps
- Closures
- Other packaging types

Regions Covered:
- North America
-US
-Canada
-Mexico
- Europe
-Germany
-France
-Italy
-UK
-Spain
-Rest of Europe
- Asia Pacific
-Japan
-China
-India
-Australia
-New Zealand
-Rest of Asia Pacific
- Rest of the World
-Middle East
-Brazil
-Argentina
-South Africa
-Egypt

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