Zion Market Research Caps and closure market, 2016 - 2024 | Page 3

Caps and Closure Market
near future. In addition, plastic closures performance is high as compared to other products;
this is projected to propel the caps and closures market growth in future. Increasing
environmental concerns and recycle of the waste products is the biggest challenge before
market. Strict government regulation over carcinogenicity of plastics may hinder the market
growth in the near future.
Global Caps and Closure Market: Segmentation
Caps and closure market are segmented on the basis materials as steel, aluminum, tin-plated,
plastic, and others. Of which, plastic is heavily preferred material segment globally. Based on
the application, the global market is categorized as food and beverages, pharmaceuticals, dyes
and paint, cosmetic, and others. The pharmaceutical industry is the dominating application
segment in the global market owing to rising concerns for high-quality products. The beverage is
another end-user industry after pharmaceutical for aesthetically appealing and attractive
packaging.
Request Report TOC (Table of Contents) @ https://www.zionmarketresearch.com/toc/capsand-closure-market
Global Caps and Closure Market: Regional Analysis
Asia Pacific is the leading segment worldwide owing to higher demand for caps and closure
market. Other regions such as China and India are emerging as lucrative markets. Further,
growing demand for canned food and beverages positively impact the caps and closure market
in Asia Pacific. In addition, people with greater financial stability and improved living standards
may augment the demand in future. Furthermore, adoption of e-commerce technology, people