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Aluminum Caps and Closures Market Size to Reach USD 10.29 billion by 2028 | CAGR 5.28%

Sprint Stat Research has published a new report titled “Aluminum Caps and Closures Market - Global Trends and Forecast Analysis, 2021-2028”. According to Analysts at Sprint Stat Research, the global aluminum caps and closures market was valued at USD 6.82 billion in 2020 and is projected to reach USD 10.29 billion by 2028, at a growth rate of 5.28% in 2021-2028.

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Major factors contributing to the growth of the market are growing consumer worries about product safety and security and increasing demand for products that are easy to use and convenient. In addition to this, with minimalism on the rise, smaller pack sizes are more favored by the consumers with proper branding/labeling to differentiate their product from other generic products, which further expected to boost the demand for aluminum caps and closures across the globe.

Asia Pacific has the highest market share among all regions and is expected to maintain its top position during the forecast period. Significant factors driving the market growth in the Asia Pacific region are the high demand for cheap and effective products, the need for aesthetics for product differentiation, etc.

The global aluminum caps and closures market is segmented on the basis of product, end-user, and region. On the basis of product, the global aluminum caps and closures market is divided into easy-open can ends, non-refillable closures, and roll-on pilfer-proof caps. Home and personal care, pharmaceuticals, beverages, and food are some of the major end-users analyzed in the global aluminum caps and closures market. The global aluminum caps and closures market has analyzed across the five regions including, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its major countries.

Key players profiled in the report are Closure Systems International, Alcopack Group, Herti JSC, Guala Closures, Alameda Packaging, Osias Berk Company, Torrent Closures, Cap & Seal Pvt. Ltd., Federfin Tech S.R.L., Crown Holdings, Silgan Holdings, Amcor, and others.

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This research report provides an in-depth assessment of aluminum caps and closures market driving factors and features. The report highlights a detailed analysis of the aluminum caps and closures market across various countries in the region. It provides a market outlook for 2021-2028 and sets the forecast within the context of the aluminum caps and closures market, including the latest technological developments as well as offerings in the market. The report also presents a detailed overview of market segmentation. Overall, this research report shows historic, on-going, and estimated market analysis in terms of value, analysis of niche industry developments and market share analysis. Detailed profiles of industry players are also included in the scope of the report to evaluate their business strategies, key offerings and recent developments in the aluminum caps and closures market space.

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