Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Aluminium Caps & Closures Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international. The research study also
emphasizes on the impact of restraints, drivers, and macro indicators on the regional
and world Aluminium Caps & Closures Market over the short
as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of international Aluminium Caps & Closures Market is
offered.
Market
Insights:
In accordance with the report, the Aluminium Caps &
Closures Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Aluminium Caps & Closures
Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn
in 2031, growing with a significant CAGR rate during the forecast period. The
market for aluminium caps and closures is growing in response to rising demand
for convenience foods and rising concerns about product safety and security.
The popularity of dispensing closures and pump closures in numerous product
categories such as body care, skincare, drinks, and liquid food products is
propelling the global market for aluminium caps and closures. Additionally, as
people become more aware of the health benefits of eating well, demand for
dietary supplements is expected to rise, which will drive demand for packaging
products even higher. The value of the aluminium caps and closures market will
continue to rise as demand for quick parking solutions and consumer awareness
of food safety rises. The growth rate of the aluminium caps and closures market
will be further slowed by price fluctuations in raw materials and high
production costs associated with aluminium alloys. Aluminium caps and closures
market expansion is expected to be hampered by the availability of low-cost
substitutes and the rising use of plastic, rubber, and other substitute
materials. The packaging sector requires
aluminium caps and closures, and this is the key driving force behind the
market's growth. Furthermore, rising demand for packaged goods is expected to
support the global market's stable growth. In 2020, Asia Pacific was the
largest regional market, with a revenue share of more than XX percent. Over the
projection period, the regional market is expected to grow at the quickest
CAGR. The regional market is likely to be driven by the presence of highly
populous nations such as China and India, as well as the rising food and
beverage industry. Furthermore, rising demand for cosmetics and toiletries in
countries such as Japan and South Korea is likely to drive up use of caps and
closures. Other market growth variables include rising research and development
capabilities, rigorous government requirements for food security, growing
technological breakthroughs in packaging equipment and technology, increased
spread of the e-commerce industry, and rising environmental concerns.
Research
Methodology:
To compile
the detailed study of the global Aluminium Caps
& Closures Market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Aluminium Caps & Closures Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Aluminium Caps & Closures Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Aluminium Caps & Closures Market was
affected negatively due to the shutdown of manufacturing/processing facilities
for some time. The analysts have also focused on the key measures that the
companies are opting to withstand the harsh scenario.
Segment
Covered:
Aluminium Caps & Closures Market report has been segmented By Type, By Application also
includes the market size and forecast for all these segments. Compounded annual
growth rates for all segments have also been provided for 2019 to 2031. This
report is a compilation of first-hand information, qualitative and quantitative
assessment by industry analysts, inputs from industry experts and industry
participants across the value chain.
Key Segments:
Aluminium Caps & Closures Market research report includes an in-depth coverage of the
industry with estimates & forecast from 2022 to 2031, for the following
segments:
Aluminium Caps
& Closures Market, By Type, 2022-2031 (USD Million)
·
Screw Caps
·
Crown Cork
·
Lugs (Press
Twist)
·
East Open End
·
Other Types
of Caps & Closures
Aluminium Caps
& Closures Market, By Application, 2022-2031 (USD Million)
·
Beverages
·
Food
·
Home &
Personal Care
·
Pharmaceutical
·
Others
Report
Highlights:
The prime objective of the Aluminium Caps
& Closures Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Aluminium Caps
& Closures Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Aluminium
Caps & Closures Market:
·
AAPL
Solutions
·
Alcopack
Group
·
Amcor PLC
·
Bericap
·
Cap &
Seal Pvt. Ltd.
·
Chaclo
Aluminum Fabrication
·
Closure
Systems International
·
Crown Holding
·
Federfin Tech
S.R.L.
·
Guala
Closures S.p.A
·
Herti JSC
·
Sacmi
·
Sarswati
Enterprises
·
Silgan
Holdings
·
Torrent
Closures
·
Others
Aluminium
Caps & Closures Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry