Caps and Closures Market size:2021 Growth Prediction, Industry Trends, Key Players, Analysis and Forecast to 2025
According to Market Research Future (MRFR), the global caps & closures market is estimated to reach USD 65.12 billion with a CAGR of 5.2% from 2017 to 2023 (forecast period). The study explores and investigates the influence of the outbreak of COVID-19 on the global caps & closures market, including opportunities and challenges, drivers, and risks. Caps & closures play a significant role in packaging that includes containers such as caps, cans, and others. It helps prolong the shelf life of the products and provide a barrier to dirt, moisture, and oxygen. Caps & closures can be used in several ways to increase the performance of different parts and items. The main raw materials used in the production of caps and caps are plastic and metal. The caps and closures industry uses a range of materials to create suitable product packagings, such as plastics, metals, rubber, and paperboard. Plastic is chemically resistant, low-cost, and lightweight with a wide variety of phys