The busy life schedule coupled with changing lifestyle of the consumers and increasing concern for product safety and freshness across the globe have helped in the growth of the packaging industry globally. Caps and closures are manufactured from materials like plastics, metals, wood, rubber, etc. and are one of the packaging solutions offered to several industries including food and beverage, pharmaceuticals, chemicals, paints and lubricants, etc. which are primarily involved in packaging their products in plastic or glass bottles and jars.
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The metal closures have been in use for over couple of decades. The materials used to manufacture metal caps include aluminum, steel and tin plate. All this materials helps in ensuring product safety during storage and transportation. Due to the vast penetration of metal closures across several industrial verticals, the demand for the metal closures is anticipated to witness a burgeoning growth throughout the forecast period.
The manufacturers of the metal closures are involved in producing caps and closures that are compatible with a range of storage containers including large bulk storage drums to small glass jars of different shapes and sizes. The metal caps have been in demand predominantly in the food industry. The metal closures deliver eye-catching visual appeal and easy-open convenience while also extending shelf life of the product. These product safety features and user friendly properties of the metal closures are anticipated to drive the metal closures market between 2017 and 2027. However, the presence of other closure systems made of plastics, wood, etc. are expected to act as restraint and challenge the growth of the metal closures market over the forecast period.
Besides having a well-established market, North America is expected to show moderate growth in terms of demand in the metal closures market over the forecast period owing to the wide application and usage of metal closure across several industries. However, Latin America is anticipated to witness a relatively slower growth in the metal closures market owing to its prevailing stagnant economy.
The key players in the Metal Closures market include O.Berk Company LLC, Nippon Closures Co. Ltd, The Cary Company, Crown Holdings, Inc., Sonoco Products Company, Global Closure Systems, Closure Systems International, S.M.S CAPS, Herti JSC.
