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Global Caps and Closures Market for F&B Industry: Latin America to Expand Fastest at 7.20% CAGR by Revenue till 2021

Posted on Dec 23, 2015

Transparency Market Research has published a new report, titled “Caps and Closures Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021”. According to this report, in terms of value, the global caps and closures market for the food and beverages industry is projected to expand at a 5.20% CAGR during the forecast period. In 2014, the global caps and closures market was worth more than US$36.2 bn and by 2021, the market is expected to be worth over US$51.5 bn.

Browse the full Caps and Closures Market for Food and Beverages Industry - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/caps-closures-market.html

Volume-wise, the global caps and closures market for the food and beverages industry is projected to expand at a 3.50% CAGR during the forecast period. In 2014, the global caps and closures market for the food and beverages industry recorded 1,342.2 bn units and by 2021, the market is projected to record 1,702.1 bn.

By product type, the global caps and closures market for the food and beverages industry is segmented into food caps and closures and beverages caps and closures. Within the food closures type, the global caps and closures market for the food and beverages industry is divided into peel-off foils, metal lug closures, easy-open can ends, plastic screw closures, and others. Within the beverage closures type, the global caps and closures market for the food and beverages industry is classified into metal crowns, plastic screw closures, metal screw closures, corks, and others. In 2014, the segment of plastic screw closures held the largest share in the global caps and closures market for the food and beverages industry and is projected to continue its dominance in the foreseeable future.

Application-wise, the global caps and closures market for the food and beverages industry is divided into non-alcoholic beverages and alcoholic beverages. Some of the alcoholic beverage types covered in the study are beer and wine. Some of the non-alcoholic beverage types analyzed in the study are carbonated soft drinks and bottled water.

global-caps-closures-food-beverages-market

Region-wise, the global caps and closures market for the food and beverages industry is divided into Latin America, the Middle East and Africa, Asia Pacific, Europe, and North America. In 2014, Asia Pacific dominated the global caps and closures market for the food and beverages industry in terms of volume and value. However, by volume and revenue, Latin America is the fastest growing market in the global caps and closures market for the food and beverages industry.

In Latin America, Brazil is the fastest growing national market. The Latin America caps and closures market for the food and beverages industry benefits from the growing consumption of non-alcoholic beverages such as carbonated soft drinks and bottled water. The Latin America caps and closures market for the food and beverages industry is projected to expand at a CAGR of 7.20% and 6.10% in terms of revenue and volume, respectively, during the forecasting horizon.

Players in the global caps and closures market for the food and beverages industry will benefit from the growing demand for packaged food and beverages items. Some of the key companies operating in the global caps and closures market for the food and beverages industry are Berry Plastics Corporation, Closure Systems International, Crown Holdings, Silgan Holdings, Aptar Group, and Pact Group Holdings.

Key Segments of the Global Caps and Closures Market

Global Caps and Closures Market for Food and Beverages Industry by Product Type

Product types covered under this research study are:

  • Food caps and closures
  • Beverages caps and closures

Global Caps and Closures Market for Food and Beverages Industry by Food Closures Type 

Product types covered under this research study are

  • Peel-off foils 
  • Easy-open can ends
  • Metal lug closures
  • Plastic screw closures
  • Others

Global Caps and Closures Market for Food and Beverages Industry by Beverage Closures Type

  • Plastic screw closures
  • Metal crowns
  • Metal screw closures
  • Corks 
  • Others

Global Caps and Closures Market for Food and Beverages Industry by Application

  • Alcoholic Beverages
  • Non Alcoholic Beverages

Global Caps and Closures Market for Food and Beverages Industry by Alcoholic Beverages type

  • Beer
  • Wine
  • Others

Global Caps and Closures Market for Food and Beverages Industry by Non Alcoholic Beverages type

  • Bottled water
  • Carbonated soft drinks
  • Others

Global Caps and Closures Market for Food and Beverages Industry by Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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