Caps and Closures Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 – 2021
70 Page Report
Global Caps and Closures Market to Reach US$51.6 bn by 2021,
Increasing Need for Durable Packaging Drives Growth
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Caps and Closures Market
Transparency Market Research (TMR) has recently published a study on the global caps and closures
market, estimating the market to expand at a CAGR of 5.20% during the period from 2015 and 2021.The
research report, titled “Caps and Closures Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2015 - 2021,” expects this market to increase from a value of US$36.2 bn in 2014 to an
estimated value of US$51.6 bn by the end of the forecast period.
In 2014, 1,342.2 bn units of caps and closure were produced in the global market. Rising at a CAGR of
3.50% during the forecast period, the production is likely to reach an estimated number of 1,702.1 bn units
by the end of 2021, states the research report.
From the pharmaceuticals market to the food and beverage industry, caps and closures have widespread
applications across various sectors. They are utilized to seal bottles, cans, tubes, and several other types
of packaging in order to extend the shelf life of products. The increasing demand for food and beverages in
the global arena has fueled the need for durable packaging, resulting in a significant rise in the demand for
caps and closures across the world.
In this report, the global caps and closure market has been analyzed on the basis of type, application, and
the regional spread of this market. Based on the type, the market has been classified into caps...