Metal Caps and Closures Market Growth, Size, Overview and Forecast

Technavio Announces the Publication of its Research Report – Global Metal Caps and Closures Market 2016-2020

Technavio recognizes the following companies as the key players in the global metal caps and closures market: Crown Holdings, Global Closure Systems, O.Berk, Pelliconi, and Silgan.
Other Prominent Vendors in the market are: Alpha Packaging, Fontana Manufacturers, Guala Closures, Manaksia, Metal Closures, Mocap, Nippon closures, Phoenix closures, Reynold Group Holdings, SMYPC, Sonoco, Technocap, Tri-Sure, and WestRock.

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Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be branding through caps and closures. Companies use caps and closures to differentiate their products from those of their competitors. Vendors in this market are manufacturing caps and closures that have visual appeal to help build an identity for their brand. They experiment with different colors and shapes to attract consumers, especially for non-carbonated beverages. As competition in the market intensifies, the importance of branding also increases; companies design customized solutions for clients as it is one of the ways for vendors to make a mark in the market. For instance, for Old Orchard Very Cherre Montmorency Tart Cherry juices, Crown Holdings developed a twist-cap closure consisting of two colors, with product information printed on the skirt of the closure.”

According to the report, increased attention on specialty beverages will be a key driver for market growth. Initially, there were only a few beverages available in the market, which included juices, shakes, carbonated soft drinks, coffee, tea, or drinking water. Companies have now introduced specialty beverages like energy drinks, flavored water, and ice-cream drinks. The demand for specialty beverages is increasing day by day and...