According to the business intelligence report titled ‘Global Caps and Closures Market 2022-2028’, available with MarketStudyReport, global caps and closures market is expected to record a CAGR of 4.1% through 2028 and amass a valuation of USD 85,085 million by the end of the forecast timeframe.

Increasing cognizance regarding optimum health and wellness, combined with rising per capita income, and escalating product utilization across several industry verticals are the major factors aiding the augmentation of global caps and closures market.

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Caps and closures play a crucial role in the final packaging process of any product, acting as a barrier between the inside content and the outside environment, thereby significantly limiting chances of contamination and extending the shelf life of the commodity.

Notably, these sealing elements can be made from a variety of products ranging from metal to glass, plastic, cork, and rubber among others.

In addition to the growth drivers and restraints, the study also elaborates on the influence of COVID-19 crisis on the market dynamics.

Apart from this, worldwide caps and closures industry is analyzed through the lens of product terrain (crown closures, screw closures, aerosol closures, dispensing caps, others), material type (metal, plastic, others), and application spectrum (healthcare & pharmaceuticals, beverages, cosmetics & toiletries, food, others).

All the aforementioned sub-markets are individually assessed with respect to important metrics like production, consumption, and growth rate. By doing so, the report identifies the key avenues where stakeholders should invest their resources for amplified profits.

Proceeding further, the report incorporates a comprehensive scrutiny of the industry by region (North America, Europe, Asia Pacific), followed by a complete assessment of competitive landscape. 

Speaking of which, Sonoco Product Company, RPC Group plc, Nippon Closures Co., Ltd., Amcor plc, Crown Holdings, Inc., Reynolds Group Holdings, Berry Global, Inc., Ball Corporation, Closure Systems International, Silgan Holdings, Inc., GCL Holdings S.C.A., and AptarGroup, Inc. are the major players influencing global caps and closures industry dynamics.