DUBLIN--(BUSINESS WIRE)--The "UV Metallized Caps & Closures Market by Metallizing Material, by Plastic Type, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
The growth of the market is driven by the growing demand from cosmetics, fragrance, and skin care industries; and rising demand of food and beverages across the globe.
On the basis of metallizing material, the UV metallized caps and closures market is segmented into aluminum, alloy, and others. Others include chromium, silver, gold, and platinum. Aluminum has been the largest metallizing material due to its several benefits such as low cost, lightweight, glossiness similar to silver, and corrosion resistance. Owing to such benefits, the use of aluminum as metallizing material is growing across packaging applications for industries including cosmetics, fragrance, skincare, food and beverage, and others.
Of all plastic types in the UV metallized caps and closures market, polypropylene has been recording the largest share in the market so far. The largest market share is attributed to its several benefits such as low cost, high flexural strength, chemical resistance against food and cosmetic ingredients, and high thermal resistance.
Based on application, the UV metallized caps and closures market is divided into cosmetics, fragrance, and skincare; and food and beverage categories. The products have been recording greater application in the cosmetics, fragrance, and skin care category due to distinctive benefits, such as improved durability, premium look, and eradication of surface imperfections created during the production process.
- Europe stands as the largest UV Metallized Caps & Closures market
- Growth in consumer spending in Asian countries creates an opportunity for UV metallized caps and closures market growth
- Alba Beauty Holdings S.A.
- RPC Group Plc
- HCP Packaging Co. Ltd.
- Quadpack Industries
- Eurovetrocap SpA
- Essel Propack Limited
- Politech Sp. z.o.o.
- Lumson S.p.A
- Hangzhou Zhenhua Daily Chemicals Glass Co. Ltd.
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