Uptake of Flexible Packaging to Negatively Impact Sales of Caps and Closures, Reports Tmr

Transparency Market
Research

Caps and Closures Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 – 2021

Published Date
09-09-2015

70 Page Report

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Press Release
Uptake of Flexible Packaging to Negatively Impact Sales of Caps and
Closures, Reports TMR

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Caps and Closures Market

REPORT DESCRIPTION

With the top six players including Silgan Holdings Inc, Global Closure Systems, Bericap, Crown Holdings,
Inc., Berry Plastics, and Reynolds Group Holdings Ltd. barely accounting for 19.7% in 2014 the global caps
and closures market exhibits a highly fragmented vendor landscape. Competition prevailing in the market
is therefore considerably high and there are little chances of it declining in the next few years. According to
Transparency Market Research, (TMR), key players have been adopting competitive strategies to cater to
the dynamic consumer demand and establish a strong presence in the market. A majority of the
companies operating in the caps and closures market are considering mergers and acquisitions to expand
their footprint in emerging markets and expand their product portfolio. Besides this, product development
has also become a part of their business strategy for strengthening their market position.
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According to TMR, the global caps and closures market was valued at US$36.23 bn in 2014. Rising at a
CAGR of 5.2%, the market is expected to reach US$51.57 bn by the end of 2021. By application, the
alcoholic beverages segment led the market in 2014, holding a share of 57.35% in terms of revenue.
Regionally Asia Pacific is expected to maintain its dominance in the...