Chemicals and Materials Caps & Closures Market New | Seite 2
chloride, and others. Out of these, polypropylene is projected to be the fastest-growing sub
segment as it does not crack under stress and has good resistance to almost all types of
chemicals, including strong acids, alkalis, and most organic materials.
"Asia-Pacific region to be the largest market for caps & closures during the forecast
period."
The Asia-Pacific region leads the market due to its large population and its proven identity
of a major manufacturing hub that offers production opportunities at affordable costs to
companies. As caps & closures are used widely by different industries, such as food,
beverages, and healthcare, the Asia-Pacific region, which is witnessing major growth in
these sectors as well, has become a large market for these packaging solutions. This is
followed by North America, which is the next largest market for caps & closures followed
by Europe and Rest of the World.
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The global market for caps and closures is dominated by players such as RPC Group PLC
(U.K.), Crown Holdings Incorporation (U.S.), Amcor Limited Plc (Australia), Rexam PLC
(U.K.), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup
Incorporated (U.S.), and Guala Closures Group (Italy).
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