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Customized Capping Technology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
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Customized Capping Technology Market - Market Dynamics:
One of the significant factors contributing towards the growth of customized capping technology market is renewable natural material of some products. Moreover, customized capping technology market is expected to grow because newer beverage categories including ready-to-drink tea and coffee, sports drinks, and other healthy beverage alternatives will fuel overall demand for this market. Easy availability of raw materials like resins and advanced machinery is also expected to positively influence the demand for customized capping technology market. The growing use of dispensing plastics closures, along with the growth of hypermarket, supermarket, and online retail sales are other key factors driving the demand for customized capping technology market. Evolving regulatory framework in some countries can influence the growth of the market during the forecast period.
Customized Capping Technology Market - Regional Outlook
Geographically, the global customized capping technology market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global customized capping technology market is expected to witness a stable CAGR over the forecast period of 2016-2024. Moreover, Asia-Pacific was the largest revenue contributor in the market as consumption of alcoholic beverages has been increased. The demand of the customized capping technology market is expected to witness an above average growth in North America for commercial and industrial use.
Customized Capping Technology Market - Major Players:
Some of the major players identified across the globe in the customized capping technology market are Silgan Holdings, Plastics Corporation, Guala Closures Group, Crown Holdings, Closure Systems International, Aptar Group, and Pact Group Holdings.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, material type and end-use.
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