Aluminum caps and closures are designed according to the shape and size of containers, bottles, or jars, to prevent loss of product or seepage of moisture or air. They help to protect the content of containers from any external damage, as well as from dust and dirt. Major factor driving growth of the global aluminum caps and closures market is growing preference of convenient packaging among consumers. However, use of substitute materials for caps and closers may affect growth of the target market.
The global aluminum caps and closures market has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into easy-open can ends, non-refillable, roll-on pilfer-proof caps, and others. Roll-on pilfer-proof caps are also known as ROPP caps and used in pharma cuticle and food and beverage industry. This segment holds major share in terms of revenue and expected maintain its dominance in the near future. Growing its use in packaging of alcoholic beverages is also a factor fueling growth of the global market.
On the basis of application, the market is segmented into food items, beverages, personal care, home care, pharmaceutical, and others. Beverages segment dominates the global market and expected to witness significant growth over the forecast period, due to increasing use of closures for alcoholic and non-alcoholic beverages, such as oils, water, etc.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in Asia Pacific dominates the global market in terms of revenue and expected to witness high growth over the forecast period, owing to growing healthcare and personal care manufacturing industry. Market in North America is expected to witness lucrative growth in terms of revenue in the near future; followed by Europe, Latin America, and middle East and Africa.
Key players operating in the global Aluminum caps and closures market include Crown Holdings, Inc., Silgan Holdings Inc., Amcor Limited, Guala Closures S.p.A., Closure Systems International, Inc., Alcopack GmbH, Herti JSC, Torrent Closures, Cap & Seal Pvt. Ltd., and Federfin Tech Srl.