Key Market Insights
“Rising product safety concerns worldwide will boost market growth”
The global aluminum caps & closures market is rising significantly, anticipated to expand at a CAGR of 4.3% during the estimated period from 2019 to 2027, starting from US$ 5.60 Bn in 2018.
The rising concerns for product security and safety along with growing demand for convenience packaging solutions the market is growing substantially. Decreased pack size and growing need for branding and product differentiation are expected to drive the aluminum caps & closure market growth over the forecast period. Wide application of aluminum caps & closures in various end-use industries (such as pharmaceuticals, personal care & home, food, and others) is anticipated to further enhance the market growth during the forecast period. Keep the product fresh, increase the shelf life of the product, and others are some features of aluminum caps & closures, projected to support the market growth in years to come. Emerging countries of Asia Pacific include China, India, Indonesia, and others are expected to enhance the market during the forecast period. Rising technological advancements in the industry is another prominent factor anticipated to drive the market over the forecast period.
Product Type Analysis
“Growing application across industries to spur the segment growth”
The roll-on pilfer-proof caps segment has a major share in the market in 2018 and projected to grow with the highest CAGR over the forecast period. The segment has the largest share owing to a wide application in the pharmaceutical and food & beverage industry. ROPP caps have numerous benefits such as tamper-evident, cost-effective, and others which are expected to support the segment growth in years to come. The ROPP caps provide more space for graphics, logos, and other design features due to that the roll-on pilfer-proof caps preferred by packaging manufacturers. As a result of the abovementioned factors, the segment is anticipated to continue its dominance during the forecast period.
End-user Analysis
“Increasing the food & beverage industry to spur the segment growth”
In 2018, the food & beverage segment had a major share in the global aluminum caps & closures market. Wide application of aluminum caps & closures for the packaging of non-alcoholic and alcoholic beverages is the major factor for the major share of the segment. Aluminum caps & closures provide safety to the beverages against the increasing counterfeiting issues for bottled water, spirits, premium olive oil, and others which supports the segment growth over the forecast period. The surge in demand for beverages is anticipated to further drive the segment growth during the forecast period.
Regional Analysis
“The rising demand for aluminum caps & closures to spur the Asia Pacific growth”
In 2018, Asia Pacific dominates the global aluminum caps & closures market. Improved economic conditions and growth of the beverages industry are major factors driving regional growth. The growing healthcare industry in the region coupled with government regulations is expected to enhance the regional growth during the forecast period. A rise in per capita income & population increase and positive economic outlook are some other factors anticipated to support the regional growth over the forecast period. China and India are projected to be major contributors in Asia Pacific growth in years to come. Therefore, Asia Pacific is expected to show the highest CAGR and anticipated to continue its dominance throughout the forecast period.
Key Industry Developments:
List of Companies Covered:
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Billion |
| Segmentation |
Product Type (2017–2027; US$ Bn) |
|
End-use (2017–2027; US$ Bn) |
|
|
Geography (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall aluminum caps & closures market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions answered in this report
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TABLE 1 Market Snapshot: Global Aluminum Caps & Closures Market (ACCM) Market
TABLE 2 Global ACCM Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 3 Global ACCM Market, by Ranging Product Type, 2017–2027 (US$ Bn)
TABLE 4 Global ACCM Market, by End-use, 2017–2027 (US$ Bn)
TABLE 5 Global ACCM Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America ACCM Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 7 North America ACCM Market, by End-use, 2017–2027 (US$ Bn)
TABLE 8 North America ACCM Market, by Country, 2017–2027 (US$ Bn)
TABLE 9 Europe ACCM Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 10 Europe ACCM Market, by End-use, 2017–2027 (US$ Bn)
TABLE 11 Europe ACCM Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific ACCM Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific ACCM Market, by End-use, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific ACCM Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 RoW ACCM Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 16 RoW ACCM Market, by End-use, 2017–2027 (US$ Bn)
TABLE 17 RoW ACCM Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 Federfin Tech S.R.L: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 19 Alameda Packaging: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Crown Holdings: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Cap & Seal Pvt. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Amcor Plc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Shangyu Sanyou Packaging Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Torrent Closures: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Guala Closures : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 26 Dyzdn Metal Packaging: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 27 J.G. Finneran Associates: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 28 Silgan Holdings: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
