Bizizz Market Research has recently published a research report, “Aluminum Caps And Closures Market By Type (Roll-on pilfer-proof caps, Easy-open can ends, Non-refillable and Others (Peel-Off Foils, Spout Closures, And Closure Strips)), End-user (Beverage, Food, Pharmaceutical, Home & personal care, and Others (chemical and automotive)), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Aluminum Caps And Closures Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 5.7 Bn by 2027, witnessing a CAGR of 4.1 % during the forecast period. Key drivers of the market are rising concerns for product security and emergence of small pack size is stimulating the product demand.
Rising concerns about the quality and standards of the products is propelling the growth of aluminum caps and closures market. The market is being growth by the contribution of the government support to the manufacturers through various initiatives that are propelling its market growth. The demand for an increased shelf life period of the products is increasing that is propelling the growth of Aluminum Caps and Closures Market. The beverage market are some of the significant market drivers that are contributing to the market growth of Aluminum caps and closures market.
The Aluminum Caps And Closures market is anticipated to register a CAGR of over 4.1% during the forecast period.
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By End-user, Beverage segment held a prominent share in Global Aluminum Caps and Closures Market in 2018.
The increase in the growth of Beverage consumption that are non-alcohol have a substantial demand for the Aluminum Caps And Closures. Moreover the aluminum caps and closures have a significant application in the market demand that shall provide considerable protection to the products and have a substantial features that caters to its growth. A plunge in the demand for the beverages is projected to stimulate the demand of Aluminum Caps and Closures.
Asia Pacific is Anticipated to Dominate the Global Aluminum Caps And Closures Market during the Forecast Period.
The market of aluminum caps is anticipated to plunge in the Asia pacific region this is because of the increased number of beverage manufacturers. That could be attributed to the increasing population coupled with the need for the nutritional products that requires higher shelf-life period is contributing to the surge in the demand of Aluminum caps and closures in the market.
Global Aluminum Caps And Closures market was highly consolidated with key players accounting for significant share in 2018. Thus organizations involved in the manufacturing of Aluminum Caps And Closures has increased investment in offering innovative products that could cater to the wide range of end-use industries..
Prominent players operating in the Global Aluminum Caps And Closures Market are: Federfin Tech S.R.L, Alameda Packaging, Guala Closures, Crown Holding, Cap & Seal Pvt. Ltd, J.G. Shangyu Sanyou Electro-Chemical Aluminum Products, Finneran Associates, Silgan Holdings, Torrent Closures, Amcor, Herti JSC, Alcopack Group, United Closure, Closure Systems International, Osias Berk Company, and Dyzdn Metal Packaging, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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