The global metal caps & closures market is projected to grow at a moderate CAGR during the forecast period. The key factors that drive the growth of the global metal caps and closures industry include the increased demand for food along with the growing need for food security across the globe. An important milestone is predicted to be achieved by the middle of the 21st century, as the time when the population on the Earth will certainly reach a record high of over nine billion people. The enormous growth in the population will necessarily impose an unparalleled huge demand for the food & beverage items, which in turn, will drive the market growth.
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Further, the increased demand for beverages especially non-alcoholic drinks and energy drinks is likely to drive the market growth. Increasing awareness regarding the energy drinks will encourage the consumers to opt for dietary drinks, functional beverages, and others. Apart from this, nowadays functional water is also widely preferred by the consumers. It is altered by adding special ingredients such as vitamins, minerals, acids, and herbs to offer health and other functional benefits. The most commonly available functional water in the market is the various herb-infused drinks that provide boosted energy to the body and alkaline water that supposedly neutralizes acid in the body. This further encourages the growth of the global caps & closures market across the globe.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
Global Metal Caps & Closures Market – Segmentation
By Type
By Application
Global Metal Caps & Closures Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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