Asia-Pacific Metal Caps & Closures Market Impacting Factors

The Asia-Pacific metal caps & closures market is anticipated to grow due to the increased population coupled with the increasing disposable incomes in countries such as India and China. In these two countries, the increase in disposable income along with the paradigm shift of the consumers towards adopting enhanced and premium products enhances the growth of the metal caps and closures market in the region over the forecast period. Besides, as these caps and closures play a vital role in keeping consumables fresh for extended periods, these are likely to be heavily adopted by the food and beverage manufacturers during the forecast period.

Browse the full report description of "Asia-Pacific Metal Caps & Closures Market Size, Share & Trends Analysis Report by Type (Steel, Tin Plate, Aluminum, and Others), By Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Chemicals & Paints, and Others), and Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/asia-pacific-metal-caps-closures-market

Further, there also has been an increased demand for alcoholic as well as non-alcoholic beverages across the region. The rising number of millennials and changing preferences towards premium alcohol and non-alcohol products are likely to drive the market growth in the region. For instance, in 2019, it is stated by the International Wine and Spirits Record (IWSR) that China upsurged its wine imports by 8%. This is due to the increase in the number of young consumers choosing wine over baijiu. Whereas, older consumers switching to wine for various health benefits associated with it. Thus, the increase in wine consumption is likely to create a wide scope for the growth of the metal caps and closures market during the forecast period.

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Type, Application
• Competitive Landscape- Amcor Plc, BKM Industries, Ltd., Closure Systems International, Nippon Closures Co. Ltd., Hercules Sdn Bhd., Sonoco Products Co., and WestRock Co 

Key questions addressed by the report

• What is the market growth rate?
• Which segment/country dominates the market in the base year?
• Which segment/country will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected country /segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia-Pacific Metal Caps & Closures Market – Segmentation

By Type

• Steel
• Tin Plate
• Aluminum
• Others

By Application

• Food & Beverages
• Pharmaceuticals 
• Cosmetics & Personal Care
• Chemicals & Paints
• Others

Asia-Pacific Metal Caps & Closures Market – Countries Covered 

• China
• India
• Japan
• Rest of Asia-Pacific