Aluminum Caps & Closures Market, Growth and Opportunities, Revenue Analysis, For 2016–2026
The Global Aluminum Caps & Closures Market is forecast to reach USD 8.06 Billion by 2026, according to a new report by Reports and Data. The market is rising rapidly in the global market due to the high demand for aluminum caps & closures in the beverages and foods processing verticals. The aluminum helps in temperature insulation, moisture-resistance, resistance to chemical corrosion, non-toxicity, non-absorbance, and exfoliation making it highly convenient in pharmaceutical products packaging also. The global market is rising rapidly due to the increase in the packaging units of beverages and food processing verticals.
Asia Pacific region is forecasted to generate the highest revenue
of USD 3.04 Billion in the year 2026, owing to its extensive market penetration
coupled with the rising income rate and population mostly in China and India.
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Key
participants include Amcor, Remy Caps, Alcopack, Aludium, Federfintech, DGS,
Herti, United Closure, Alameda Packaging, and ITC Packaging.
Further key findings from the report suggest
- Foods
end-use verticals include food-oils, milk, sauces, dairy products, and jam
& jellies, to name a few. Foods also need a high level of insulation
from the outer weather. Aluminum insulation keeps the food healthy and
fresh and helps remain edible for an extended period. Foods segment is
forecasted to gain a growth of 5.2% in 2019-2026.
- Personal
Care Products are the range of health-grooming products and toiletries
such as antiseptic liquids, grooming oils and gels, perfumes, and others.
This segment is expected to have a market revenue of USD 0.97 Billion by
2026.
- Flip
top caps are often seen in the beer bottles, premium water jars, Ittar
perfume bottles, and others. Flip Top has a market share of 13.1% in 2018
and growing with a CAGR of 4.9% during the forecast period.
- Crown
Cork is vastly used in the soft-drink glass bottles, beer bottles, dairy
drinks, and others. This type of caps are meant to be for use-and-throw
purpose as the crown corks cannot be reused for closing the bottles
without proper sealing machines, once opened. As the name suggests, the
caps are crown alike and mostly used with the glass bottles. The crown
cork is growing with a CAGR of 5.5% and will achieve a market revenue of
USD 1.38 Billion by 2026.
- Non-Reusable
are the ones, which could not be reused once the seal is broken. E.g.,
crown corks, easy open end, peel-off foils, and others are under the
non-reusable segment. The market growth is getting slowed down as this
type of caps are for a use-and-throw purpose and is only incorporated with
the containers which are made for one-time consumption. The segment is
forecasted to get a market share of 31.3% by 2026.
- APAC,
owing to its most extensive population base and rising developing
economies, is helping the market grow with the fastest CAGR of 6.6%
throughout the forecast period. China and India are some of the active
contributors in this region.
- North
America is accounted to gain 21.1% of market possession by 2026 with a
CAGR of 5.6% in the forecast period.
- Europe
is forecasted to witness a significant growth in the overall market, with
23.3% of market possession by 2026 and CAGR of 4.8% during the forecast
period.
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For the purpose of this report, Reports and Data have segmented
the global aluminum caps & closures market on the basis of the caps &
closures type, type of usability, end-use verticals, and region:
Caps & Closures Type Outlook (Revenue, USD Billion; 2016-2026)
- Roll-on
Pilfer Proof (ROPP)
- Flip
Top
- Crown
Cork
- Press
Twist
- Easy
Open End
- Spray
Bottle
- Peel-Off
Foil
- Closure
Strips
Type of Usability Type Outlook (Revenue, USD Billion; 2016-2026)
- Reusable
- Non-Reusable
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2026)
- Beverages
- Foods
- Pharmaceuticals
- Personal
Care Products
- Others
To identify the key trends in the industry, click on the link
below: https://www.reportsanddata.com/report-detail/aluminum-caps-and-closures-market
Regional Outlook (Revenue, USD Billion; 2016-2026)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
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