Global Screw Caps Market By Type (Aluminium, Plastics, Others), Applications (Beverage, Wine and Spirits, Food, Cosmetic, Pharmaceutical, Other), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Screw Caps Market
Global Screw Caps Market is expected to rise from its initial estimated value of USD 1308.37 million in 2018 to an estimated value of USD 1870.62 million by 2026, registering a CAGR of 4.57% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising demand from end-user industries.
Market Definition: Global Screw Caps Market
Screw cap which is also known as closure is a cap that screws onto threads on the top of a container like jar, bottle or tubes. They are designed such a way so that they can be easily opened by the consumers. They are usually made up of aluminium or metal and are widely used in industries like beverages, healthcare, food, cosmetics.
- Increasing demand from end- user industries is driving the market.
- Increasing consumer concern toward safety and security of the product is driving the market.
- They are non- bio gradable in nature and are made from non-renewable resources which is restraining the growth of this market.
Segmentation: Restricted to the buyer/one authorized user.
- By Type
- o Aluminium
- o Plastics
- o Others
- o Beverage
- o Wine and Spirits
- o Food
- o Cosmetic
- o Pharmaceutical
- o Other
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In February 2019, Micronic announce the launch of their new Micronic Screw Cap Recapper CS100 for researchers which make sure that the screw cap is tightened securely and uniformly. They precise the torque value and ensures that the screw caps are tightened properly and eliminates the risk of overturning of the cap. It also enables the researcher to properly seal the sample tubes in any circumstances.
- In September 2017, Coravin announce the launch of the new accessory Coravin Screw Cap that will be used to keep screw cap wines fresh for up to three months once the original seal has been removed. The main aim is to help the people to enjoy any wine, in any quantity at any time. These caps are available in standard and large sizes.
Global screw caps market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of screw caps market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the screw caps packaging market are Closure Systems International, Global Closure Systems, ALPLA, AptarGroup, Inc, Guala Closures S.p.A, Silgan Plastics, Crown Equipment Corporation, Zijiang Holding, BERICAP, Berry Global Inc., Tecnocap S.p.A., Rexam, Reynolds, Federal Mfg. Co., E-PAK Machinery, Inc., Karmelle Liquid Filling & Capping Solutions Limited, U.S. Plastic Corp., Tetra Pak International S.A., Krones AG.
Research Methodology: Global Screw Caps Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete Market analysis and forecasting
- Market Definition, understanding the concept of screw caps
- Market Drivers and Restraints of the industry
- Market Segmentations and market share divided amongst them
- Key Players in the market and their analysis