DUBLIN--(BUSINESS WIRE)--The "Global Beverage Caps and Closures Market - Segmented by Type of Material (Metal, Plastic) and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The beverage caps and closures market was valued at US$56.94 billion in 2017, and is expected to reach a value of US$473.29 billion by 2023, at a CAGR of 4.01% over the forecast period 2018-2023.
Caps and closures are essential for extending the shelf life and retaining the taste, flavor, and texture of contents. Besides offering leak-proof and contamination resistant features, these caps and closures play a vital role in driving the visual appeal, brand differentiation, and convenience in the ease to open, thus, making them imperative for the packaging industry, which is serving as the driving factor for the market.
The plastic beverage packaging market is anticipated to grow at a healthy rate, owing to several factors, such as dynamically changing lifestyles, availability of feedstock, and increasing emphasis on manufacturing innovative designs. Plastic bottles are becoming more pervasive because of their advantages over glass bottles. Choosing plastic over glass is an easy decision for manufacturers looking to reduce weight, speed up transportation, and reduce packaging costs.
The beverages industry in APAC has shown robust growth in recent years, owing to the rising population and rising disposable incomes; and this trend is expected to follow over the forecast period, owing to changing consumer preferences, indicating an increasing prominence towards energy and nutritional drinks.
- Crown Holdings Inc.
- Berry Global Inc.
- Aptar Group Inc.
- Evergreen Packaging Inc.
- Global Closure Systems
- Silgan Holdings Inc.
- Bericap GmbH & Co. KG
- Guala Closures Group
- Ball Corporation
- Amcor Ltd
- Pact Group
- Albea Group
- Tetra Laval International
Key Topics Covered:
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Global Beverage Caps and Closures Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future of Beverage Caps and Closures Market
For more information about this report visit https://www.researchandmarkets.com/research/82br6k/global_beverage?w=4