Technavio recognizes the following companies as the key players in Caps and Closures Market in North America 2015-2019: Amcor, Bericap Holding, Berry Plastics Corp and Crown Holdings Inc.
Other Prominent Vendors in the market are: Albéa, Alpla Werke, Aptar Group, Borealis, Global Closure Systems, Guala Closures, Meadwestvaco, Pelliconi, Rexam, Reynolds, Rieke Packaging Systems, RPC Group and Silgan Holdings
Commenting on the report, an analyst from Technavio’s team said: “The use of stretchable fabric components has enabled the customization of elastic performance and soft cloth-like aesthetics. Innovation, cost optimization, and high manufacturing efficiency are the main factors for survival in the dynamic adult diapers industry.”
According to the report, increase in the aging population is the primary contributor to the growth of the market. The elderly are more susceptible to diseases, which may result in incontinence. According to a US census, the population of people aged 65 and above will double by 2050.
Further, the report states that social and economic constraints are a major challenge in the market.
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/caps-and-closures-market-in-north-america-2015-2019
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/automotive-and-aerospace
Follow us on Twitter @ Technavio
