The North American metal caps & closures market is driven by the growth in the retail industry. People in the region have significantly shifted towards the adoption of packaged food items; the increased demand for the packaged food items further demands sustainable packaging options. This, in turn, has driven the metal caps and closure market in the region over the forecast period. Further, the region also has a well-established chemical industry along with the wide presence of local and global level manufacturers of basic chemicals in the region.
Browse the full report description of "North America Metal Caps & Closures Market Size, Share & Trends Analysis Report by Type (Steel, Tin Plate, Aluminum, and Others), By Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Chemicals & Paints, and Others), and Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/north-america-metal-caps-closures-market
As per the International Council of Chemical Associations, the chemical industry contributed $866 billion to the North American GDP in 2017 as per ICCA. Thus, for the proper safety and handling of the chemicals and paints, as well as, to prevent the chemical from reacting with the packaging material, metal caps are required. This will further accelerate the metal caps and closures market in the region over the forecast period. Another major factor that is considered prominent for market growth is the rising construction and substantial automotive industry. As these industries demand various chemicals, paints, oils, and lubrication products, this will encourage the growth of the North American metal caps & closures industry over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected country/segment
North America Metal Caps & Closures Market – Segmentation
By Type
By Application
North America Metal Caps & Closures Market – Segmentation by Region