TechNavio recognizes the following companies as the key players in the Global Caps and Closures Market: Bericap GmbH & Co., Berry Plastics Corp., Closure Systems International Inc., Crown Holdings Inc., and Silgan Holdings Inc.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global Caps and Closures market is the growing concern for sustainable packaging. Many consumer product manufacturers prefer eco-friendly packaging to promote environment sustainability. For instance, smaller caps and closures those are lightweight and eco-friendly. As a result of the increasing environment concerns, more emphasis is expected to be laid on sustenance of environment, recyclability of materials used in caps and closures, and use of resins that are derived from renewable resources. Factors like these are expected to drive caps and closures manufacturers to research and develop new materials or incorporate new designs of caps and closures.”
According to the report, one of the main factors driving the market is the increase in technological innovations. Manufacturers are looking for higher performance while keeping the costs low at the same time. For instance, manufacturers are producing plastic caps and closures with performance features such as anti-counterfeiting.
Further, the report states that one of the main challenges is the adoption of retort pouch packaging. They are designed without any caps or closures such as packaging for juices, milk, and ready-to-eat food, which poses threat towards growth of the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Albéa Group, Amcor Ltd., AptarGroup Inc., Borealis AG, Global Closure Systems Ltd., Guala Closures SpA, Nampak Ltd., and Oricon Enterprises Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-caps-and-closures-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Caps and Closures Market 2012-2016
