Home / Press Release / Global Aluminum Caps And Closures Market Expected to Grow At a CAGR of 4.3% During the Forecast Period

Global Aluminum Caps And Closures Market Expected to Grow At a CAGR of 4.3% During the Forecast Period

The latest market report published by Credence Research, Inc. “Aluminum Caps & Closures Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the aluminum caps & closures market was valued at US$ 5.60 Bn in 2018 and expected to grow at a CAGR of 4.5% during the forecast period from 2019 to 2027.

Market Insights

"Growing food & beverages industry worldwide will drive the demand for Aluminum Caps & Closures Market"

The aluminum caps & closures market is majorly driven by the surge rising food & beverage industry along with growing concerns for product safety and security across the globe. The surge in demand for aluminum caps & closures across numerous industries such as food & beverages, healthcare, home & personal care and others is another key factor predicted to drive the global aluminum caps & closures market in years to come. The surge in penetration of aluminum closures coupled with stringent government regulations for packaging are some other major factors projected to drive the global market over the forecast period. Growing technological advancements in the packaging industry is another major growth factor estimated to support the global aluminum caps & closures market during the forecast period. The rise in demand for tamper proof and anti-counterfeit packaging in the pharmaceutical and healthcare industry are some other major factors anticipated to drive the global market throughout the forecast period. In 2018, Asia Pacific dominated the global market followed by North America.

Industrial Developments

Key Market Movements:

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/aluminum-caps-and-closures-market

The Global Aluminum Caps And Closures Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 By Product Type (2017–2027; US$ Bn)

 By End-use (2017–2027; US$ Bn)

 By Geography (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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