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  • Dairy Alternatives Products Industry, Share, Growth Factors, Regional And Competitive Landscape Forecast To 2027
    Market Overview
    The global Dairy Alternatives Products Industry is rising continually. Market is majorly driven by the rising prevalence of lactose intolerance disorder worldwide. Besides, the increasing popularity of plant-based dairy worldwide pushes market growth. There have been many researches to approximate the taste of non-dairy as close as dairy products. Investments made to drive these efforts (R&D), in turn, foster the growth of the market.
    Furthermore, improvements/upgrades in manufacturing technologies foster market growth. Increased shelf life is a crucial factor in increasing consumer preferences. As a result, industry players continually invest in R&D to improve the performance of preservers. Moreover, the growing consumption of non-dairy products in the food and beverage industries accelerates market growth.
    According to Market Research Future (MRFR), the global Dairy Alternatives Products Industry is estimated to garner a valuation of USD 2.1 BN by 2024, growing at 6.3% CAGR during the forecast period (2019–2024). Also, increasing veganism and demand for protein creates enormous market demand. Increasing health-conscious populaces, alongside the pervasively rising lactose intolerance disorder, predominantly boosts the growth of the market.
    Segmental Analysis
    The report is segmented into four dynamics;
    By Source : Soy, Almond, Coconut, Rice, Oats, and others.
    By Type : Milk, Cheese, Yoghurt, Ice Creams, and others.
    By Distribution Channel : Store-Based (Supermarkets & Hypermarkets, Convenience Stores and others) and Non-Store-Based.
    By Regions : Europe, Americas, Asia Pacific, and Rest of the World.
    Access Report @ https://www.marketresearchfuture.com/reports/dairy-alternatives-market-1627
    Regional Analysis
    North America dominates the global Dairy Alternatives Products Industry. The increasing lactose intolerance occurrences foster the largest market share among demographics. Also, industry players' strong presence and the availability of innovative dairy-free and alternative lines in the region drive market growth. Furthermore, increasing consumer inclination for a vegan diet and the rising popularity of plant-based milk propels the growth of the regional market.
    Europe stands second in the global Dairy Alternatives Products Industry. The region perceives a spurting rise in consumers of alternative dairy products. Market growth is majorly bolstered by the augmenting demand for plant-based health drinks and increased exports. Besides, advances in derivation techniques and the rising prevalence of lactose intolerance in the region increase the market size.
    Major Players
    Players leading the global Dairy Alternatives Products Industry include The Hain Celestial Group (US), The Whitewaves Food Company (US), Blue Diamond Growers (US), Sanitarium Health and Wellbeing Company (Australia), Sunopta (Canada), Freedom Foods Group (Australia), Nutriops S.L. (Spain), Eden Foods (US), Earth's Own Food Company (Canada), Valsoia S.P.A(Italy), Triballat Noyal (France), Dohler GmBh (Germany), Tofutti Brands Inc. (US), Panos Brands LLC (US), Organic Valley (US), Daiya Foods Inc. (Canada), and Galaxy Nutritional Foods, Inc. (US), among others.
    NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
    Contact us:
    Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
    Email: sales@marketresearchfuture.com


    Dairy Alternatives Products Industry, Share, Growth Factors, Regional And Competitive Landscape Forecast To 2027 Market Overview The global Dairy Alternatives Products Industry is rising continually. Market is majorly driven by the rising prevalence of lactose intolerance disorder worldwide. Besides, the increasing popularity of plant-based dairy worldwide pushes market growth. There have been many researches to approximate the taste of non-dairy as close as dairy products. Investments made to drive these efforts (R&D), in turn, foster the growth of the market. Furthermore, improvements/upgrades in manufacturing technologies foster market growth. Increased shelf life is a crucial factor in increasing consumer preferences. As a result, industry players continually invest in R&D to improve the performance of preservers. Moreover, the growing consumption of non-dairy products in the food and beverage industries accelerates market growth. According to Market Research Future (MRFR), the global Dairy Alternatives Products Industry is estimated to garner a valuation of USD 2.1 BN by 2024, growing at 6.3% CAGR during the forecast period (2019–2024). Also, increasing veganism and demand for protein creates enormous market demand. Increasing health-conscious populaces, alongside the pervasively rising lactose intolerance disorder, predominantly boosts the growth of the market. Segmental Analysis The report is segmented into four dynamics; By Source : Soy, Almond, Coconut, Rice, Oats, and others. By Type : Milk, Cheese, Yoghurt, Ice Creams, and others. By Distribution Channel : Store-Based (Supermarkets & Hypermarkets, Convenience Stores and others) and Non-Store-Based. By Regions : Europe, Americas, Asia Pacific, and Rest of the World. Access Report @ https://www.marketresearchfuture.com/reports/dairy-alternatives-market-1627 Regional Analysis North America dominates the global Dairy Alternatives Products Industry. The increasing lactose intolerance occurrences foster the largest market share among demographics. Also, industry players' strong presence and the availability of innovative dairy-free and alternative lines in the region drive market growth. Furthermore, increasing consumer inclination for a vegan diet and the rising popularity of plant-based milk propels the growth of the regional market. Europe stands second in the global Dairy Alternatives Products Industry. The region perceives a spurting rise in consumers of alternative dairy products. Market growth is majorly bolstered by the augmenting demand for plant-based health drinks and increased exports. Besides, advances in derivation techniques and the rising prevalence of lactose intolerance in the region increase the market size. Major Players Players leading the global Dairy Alternatives Products Industry include The Hain Celestial Group (US), The Whitewaves Food Company (US), Blue Diamond Growers (US), Sanitarium Health and Wellbeing Company (Australia), Sunopta (Canada), Freedom Foods Group (Australia), Nutriops S.L. (Spain), Eden Foods (US), Earth's Own Food Company (Canada), Valsoia S.P.A(Italy), Triballat Noyal (France), Dohler GmBh (Germany), Tofutti Brands Inc. (US), Panos Brands LLC (US), Organic Valley (US), Daiya Foods Inc. (Canada), and Galaxy Nutritional Foods, Inc. (US), among others. NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details. Contact us: Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America Email: sales@marketresearchfuture.com
    WWW.MARKETRESEARCHFUTURE.COM
    Dairy Alternatives Products Market Size, Share, Trends, Scope - Forecast to 2027 | MRFR
    Dairy alternatives products market is expected to garner a revenue of USD 46.59 Billion by 2027 with a CAGR of 10.88% during the forecast period of 2020–2027, Global Dairy Alternatives Products Market Research Report by Source, Distribution Channel and Region | Dairy Alternatives Products Market industry
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  • The global ready-to-drink (RTD) beverages market size will gain momentum on account of rising awareness for fitness and healthcare. Fortune Business Insights, in its latest report, titled, “Ready-to-drink (RTD) Beverages Market Size, Share & Industry Analysis, By Product Type (Flavored Milk, Yoghurt, Tea, Coffee, Fruits & Vegetable-based Drinks, Flavored & Fortified Water, Others), By Distribution Channels (Supermarket/Hypermarket, Specialty Stores, Convenience Stores, Online Retails) Others and Regional Forecast, 2022-2029.”, states that the manufacturers launching new products to cater to the changing behavioral pattern of the consumers will drive the growth of the market during the forecast period.

    The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

    We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

    Ready-to-drink (RTD) beverages are referred to those beverages that are packaged and ready to consume instantly. Unlike, other beverages that need to be mixed, heat, or powdered to drink, RTD beverages can be consumed by the people immediately once purchased from the supermarket. Some examples of RTDs include health drinks, iced tea, soft drinks, cold coffee, and others. Changing consumer drinking habits and growing number of time-strapped consumers are the driving factors for the growth of the market during the forecast period.

    What does the Report Include?

    The market report offers a detailed assessment of the various market drivers and restraints, opportunities and challenges that will affect the growth of the market during the forecast period. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. In addition to this, the report includes information from expert professionals from the industry. Moreover, it contains an exhaustive study of the landscape comprising of key players, strategies used by them, and recent product launches for the market growth between 2019 and 2026.

    Drivers and Restraints:

    Rising Demand for Convenience Foods to Augur Growth

    According to United States Department of Agriculture (USDA), there has been a steep rise in the demand for convenience foods by the U.S. households over the past decades. Charles Mortimar OF General Foods, in 1950s penned down the term convenience foods in the wake of growing demand for food products that could be bought, opened, prepared, and consumed with ease. Furthermore, snacks and fast foods constitute for nearly half of the budget of American consumers. Increasing demand for convenience foods is expected to boost the demand for the market in the forthcoming years. Moreover, health awareness among people will drive the growth of the market during the projected horizon.

    Regional Analysis:

    Rising Preference for Healthy Drinks to Drive Market in North America

    Among the regions, North America is expected to hold a significant share for the market during the forecast period. This is ascribable to factors such as increasing awareness for eating and drinking habits of the people in North America. The market in Europe will register substantial growth owing to rising preference of healthy diet and fit body. On the other hand, Asia-Pacific is anticipated to witness huge growth for the market during the forecast period. This is attributable to factor such as increasing income per capita, and changing lifestyle of people in countries such as China, and India. Overall, the market in Asia-Pacific will contribute to the growth of the market between 2019 and 2026.

    Competitive Landscape

    PepsiCo, Inc.
    Fuze Beverage
    The Coca-Cola Company
    Nestle S.A.
    Gujrat Co-operative Milk Marketing Federation
    Kraft Foods Group, Inc.
    The Campbell Soup Company
    Red Bull GmbH
    Browse Summary

    https://www.fortunebusinessinsights.com/ready-to-drink-rtd-beverages-market-102124
    The global ready-to-drink (RTD) beverages market size will gain momentum on account of rising awareness for fitness and healthcare. Fortune Business Insights, in its latest report, titled, “Ready-to-drink (RTD) Beverages Market Size, Share & Industry Analysis, By Product Type (Flavored Milk, Yoghurt, Tea, Coffee, Fruits & Vegetable-based Drinks, Flavored & Fortified Water, Others), By Distribution Channels (Supermarket/Hypermarket, Specialty Stores, Convenience Stores, Online Retails) Others and Regional Forecast, 2022-2029.”, states that the manufacturers launching new products to cater to the changing behavioral pattern of the consumers will drive the growth of the market during the forecast period. The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Ready-to-drink (RTD) beverages are referred to those beverages that are packaged and ready to consume instantly. Unlike, other beverages that need to be mixed, heat, or powdered to drink, RTD beverages can be consumed by the people immediately once purchased from the supermarket. Some examples of RTDs include health drinks, iced tea, soft drinks, cold coffee, and others. Changing consumer drinking habits and growing number of time-strapped consumers are the driving factors for the growth of the market during the forecast period. What does the Report Include? The market report offers a detailed assessment of the various market drivers and restraints, opportunities and challenges that will affect the growth of the market during the forecast period. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. In addition to this, the report includes information from expert professionals from the industry. Moreover, it contains an exhaustive study of the landscape comprising of key players, strategies used by them, and recent product launches for the market growth between 2019 and 2026. Drivers and Restraints: Rising Demand for Convenience Foods to Augur Growth According to United States Department of Agriculture (USDA), there has been a steep rise in the demand for convenience foods by the U.S. households over the past decades. Charles Mortimar OF General Foods, in 1950s penned down the term convenience foods in the wake of growing demand for food products that could be bought, opened, prepared, and consumed with ease. Furthermore, snacks and fast foods constitute for nearly half of the budget of American consumers. Increasing demand for convenience foods is expected to boost the demand for the market in the forthcoming years. Moreover, health awareness among people will drive the growth of the market during the projected horizon. Regional Analysis: Rising Preference for Healthy Drinks to Drive Market in North America Among the regions, North America is expected to hold a significant share for the market during the forecast period. This is ascribable to factors such as increasing awareness for eating and drinking habits of the people in North America. The market in Europe will register substantial growth owing to rising preference of healthy diet and fit body. On the other hand, Asia-Pacific is anticipated to witness huge growth for the market during the forecast period. This is attributable to factor such as increasing income per capita, and changing lifestyle of people in countries such as China, and India. Overall, the market in Asia-Pacific will contribute to the growth of the market between 2019 and 2026. Competitive Landscape PepsiCo, Inc. Fuze Beverage The Coca-Cola Company Nestle S.A. Gujrat Co-operative Milk Marketing Federation Kraft Foods Group, Inc. The Campbell Soup Company Red Bull GmbH Browse Summary https://www.fortunebusinessinsights.com/ready-to-drink-rtd-beverages-market-102124
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Ready-to-drink (RTD) Beverages Market Size & Forecast 2029
    Ready-to-drink (RTD) Beverages Market report summarizes top key players overview as PepsiCo, Inc., Fuze Beverage, The Coca-Cola Company, Nestle S.A., Gujrat Co-operative Milk Marketing Federation, and others
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  • Caps & Closures Market Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2026
    According to the Fortune Business Insights in a report, titled “Caps & Closures Market Size, Share and Industry Analysis, By Material (Plastic, Metal, and Others), and by Application (Food & Beverage, Pharmaceuticals, Consumer Goods, Cosmetics & Personal Care Products and Others) and Geography Forecast till 2026” the market size stood at USD 54.32 billion in 2018. The report offers informative insights into all the prevailing trends of the caps & closures market analysis. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market. It is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a clear picture of the market size. Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and innovations and industry developments.

    The global caps & closures market sizeis predicted to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period. The growing demand for lightweight packaged products will spur demand for caps & closures during the forecast period. Moreover, the growing demand for packaged drinking water, carbonated drinks, and cold-pressed juices will create business opportunities for the caps & closures market in the forthcoming years. The growing awareness regarding the physical properties of caps such as impact, stress, crack resistance along with odor restraining properties will impel companies to utilize caps and closures in the packaging, which in turn will boost the caps & closures market revenue in the foreseeable future.

    Regional Analysis

    Rising Demand for Beverages to Augment Growth in Asia Pacific

    North America generated a revenue of USD 15.34 billion in 2018 and is likely to witness a high growth rate during the forecast period. The growth in the region is attributed to the surge in health-conscious consumers. The rising inclination towards juices and health drinks will also aid growth in the region. Asia Pacific is predicted to grow rapidly in the forthcoming years owing to the rising demand for beverages. Moreover, the low production cost in China and India will create new opportunities for the market in the foreseeable future.

    The Report Lists the Key Companies in the Global Caps & Closures Market

    Closure Systems International, Inc.
    Silgan Closures GmbH
    Crown Holdings
    Pact Group Holdings
    Berry Plastics Corporation
    Alpha Packaging
    Amcor plc
    Competitive Landscape

    Launch of SyLon Sports Closure by Coca-Cola Amatil to Foster Growth

    Coca-Cola Amatil Limited, world-renowned bottlers of non-alcoholic ready-to-drink beverages, launched SyLon Sports closure, an innovative solution for Powerade bottles. These Australian-grown innovative bottles are designed, tested, and prototyped by the Amatil Services Division in Sydney. The introduction of SyLon Sports closure will contribute positively to the caps & closures market trends due to the improved quality and recyclability of the closure through its component. Furthermore, Coca-Cola Amatil’s Group Managing Director, Alison Watkins, said in a statement, we believe the SyLon Sports closure is an Aussie-manufacturing success story. Until now, we have imported closures from Europe and faced challenges with global supply.” She also added, “our Packaging Services Division team at Eastern Creek tookinitiative and designed, tested and prototyped a closure cap which is more cost-effective, better for the environment, and will be made in Western Sydney.


    Information source:

    https://www.fortunebusinessinsights.com/caps-closures-market-102542
    Caps & Closures Market Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2026 According to the Fortune Business Insights in a report, titled “Caps & Closures Market Size, Share and Industry Analysis, By Material (Plastic, Metal, and Others), and by Application (Food & Beverage, Pharmaceuticals, Consumer Goods, Cosmetics & Personal Care Products and Others) and Geography Forecast till 2026” the market size stood at USD 54.32 billion in 2018. The report offers informative insights into all the prevailing trends of the caps & closures market analysis. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market. It is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a clear picture of the market size. Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and innovations and industry developments. The global caps & closures market sizeis predicted to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period. The growing demand for lightweight packaged products will spur demand for caps & closures during the forecast period. Moreover, the growing demand for packaged drinking water, carbonated drinks, and cold-pressed juices will create business opportunities for the caps & closures market in the forthcoming years. The growing awareness regarding the physical properties of caps such as impact, stress, crack resistance along with odor restraining properties will impel companies to utilize caps and closures in the packaging, which in turn will boost the caps & closures market revenue in the foreseeable future. Regional Analysis Rising Demand for Beverages to Augment Growth in Asia Pacific North America generated a revenue of USD 15.34 billion in 2018 and is likely to witness a high growth rate during the forecast period. The growth in the region is attributed to the surge in health-conscious consumers. The rising inclination towards juices and health drinks will also aid growth in the region. Asia Pacific is predicted to grow rapidly in the forthcoming years owing to the rising demand for beverages. Moreover, the low production cost in China and India will create new opportunities for the market in the foreseeable future. The Report Lists the Key Companies in the Global Caps & Closures Market Closure Systems International, Inc. Silgan Closures GmbH Crown Holdings Pact Group Holdings Berry Plastics Corporation Alpha Packaging Amcor plc Competitive Landscape Launch of SyLon Sports Closure by Coca-Cola Amatil to Foster Growth Coca-Cola Amatil Limited, world-renowned bottlers of non-alcoholic ready-to-drink beverages, launched SyLon Sports closure, an innovative solution for Powerade bottles. These Australian-grown innovative bottles are designed, tested, and prototyped by the Amatil Services Division in Sydney. The introduction of SyLon Sports closure will contribute positively to the caps & closures market trends due to the improved quality and recyclability of the closure through its component. Furthermore, Coca-Cola Amatil’s Group Managing Director, Alison Watkins, said in a statement, we believe the SyLon Sports closure is an Aussie-manufacturing success story. Until now, we have imported closures from Europe and faced challenges with global supply.” She also added, “our Packaging Services Division team at Eastern Creek tookinitiative and designed, tested and prototyped a closure cap which is more cost-effective, better for the environment, and will be made in Western Sydney. Information source: https://www.fortunebusinessinsights.com/caps-closures-market-102542
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Caps & Closures Market Size, Share, Trends | Global Report, 2026
    The global caps & closures market size was USD 54.32 billion in 2018 is projected to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period.
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  • Caps & Closures Market Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2026
    According to the Fortune Business Insights in a report, titled “Caps & Closures Market Size, Share and Industry Analysis, By Material (Plastic, Metal, and Others), and by Application (Food & Beverage, Pharmaceuticals, Consumer Goods, Cosmetics & Personal Care Products and Others) and Geography Forecast till 2026” the market size stood at USD 54.32 billion in 2018. The report offers informative insights into all the prevailing trends of the caps & closures market analysis. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market. It is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a clear picture of the market size. Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and innovations and industry developments.

    The global caps & closures market sizeis predicted to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period. The growing demand for lightweight packaged products will spur demand for caps & closures during the forecast period. Moreover, the growing demand for packaged drinking water, carbonated drinks, and cold-pressed juices will create business opportunities for the caps & closures market in the forthcoming years. The growing awareness regarding the physical properties of caps such as impact, stress, crack resistance along with odor restraining properties will impel companies to utilize caps and closures in the packaging, which in turn will boost the caps & closures market revenue in the foreseeable future.

    Regional Analysis

    Rising Demand for Beverages to Augment Growth in Asia Pacific

    North America generated a revenue of USD 15.34 billion in 2018 and is likely to witness a high growth rate during the forecast period. The growth in the region is attributed to the surge in health-conscious consumers. The rising inclination towards juices and health drinks will also aid growth in the region. Asia Pacific is predicted to grow rapidly in the forthcoming years owing to the rising demand for beverages. Moreover, the low production cost in China and India will create new opportunities for the market in the foreseeable future.

    Competitive Landscape

    Launch of SyLon Sports Closure by Coca-Cola Amatil to Foster Growth

    Coca-Cola Amatil Limited, world-renowned bottlers of non-alcoholic ready-to-drink beverages, launched SyLon Sports closure, an innovative solution for Powerade bottles. These Australian-grown innovative bottles are designed, tested, and prototyped by the Amatil Services Division in Sydney. The introduction of SyLon Sports closure will contribute positively to the caps & closures market trends due to the improved quality and recyclability of the closure through its component. Furthermore, Coca-Cola Amatil’s Group Managing Director, Alison Watkins, said in a statement, we believe the SyLon Sports closure is an Aussie-manufacturing success story. Until now, we have imported closures from Europe and faced challenges with global supply.” She also added, “our Packaging Services Division team at Eastern Creek tookinitiative and designed, tested and prototyped a closure cap which is more cost-effective, better for the environment, and will be made in Western Sydney.

    Restraint

    Stringent Government Regulations to Hamper Market Revenue

    The growing environmental threats and concerns can be a crucial factor in hampering the growth of the caps & closures market during the forecast period. The increasing government policies for disposal of landfills will consequently dampen the growth of the market. Moreover, the rising plastic waste from various industries such as food &beverages, cosmetics, and consumer goods will impel the government to take strict actions, which in turn will hamper the market growth. For instance, as per Plastic Industry Association, America used about 50 billion plastic water bottles in 2016, and the recycling was only 23%, signaling the need to focus on industry efforts to reduce plastic waste.

    Information source:

    https://www.fortunebusinessinsights.com/caps-closures-market-102542
    Caps & Closures Market Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2026 According to the Fortune Business Insights in a report, titled “Caps & Closures Market Size, Share and Industry Analysis, By Material (Plastic, Metal, and Others), and by Application (Food & Beverage, Pharmaceuticals, Consumer Goods, Cosmetics & Personal Care Products and Others) and Geography Forecast till 2026” the market size stood at USD 54.32 billion in 2018. The report offers informative insights into all the prevailing trends of the caps & closures market analysis. It shares a comprehensive summary of all the segments and regions. It provides statistical data on all the recent developments in the market. It is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. It is designed with an aim to provide a clear picture of the market size. Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and innovations and industry developments. The global caps & closures market sizeis predicted to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period. The growing demand for lightweight packaged products will spur demand for caps & closures during the forecast period. Moreover, the growing demand for packaged drinking water, carbonated drinks, and cold-pressed juices will create business opportunities for the caps & closures market in the forthcoming years. The growing awareness regarding the physical properties of caps such as impact, stress, crack resistance along with odor restraining properties will impel companies to utilize caps and closures in the packaging, which in turn will boost the caps & closures market revenue in the foreseeable future. Regional Analysis Rising Demand for Beverages to Augment Growth in Asia Pacific North America generated a revenue of USD 15.34 billion in 2018 and is likely to witness a high growth rate during the forecast period. The growth in the region is attributed to the surge in health-conscious consumers. The rising inclination towards juices and health drinks will also aid growth in the region. Asia Pacific is predicted to grow rapidly in the forthcoming years owing to the rising demand for beverages. Moreover, the low production cost in China and India will create new opportunities for the market in the foreseeable future. Competitive Landscape Launch of SyLon Sports Closure by Coca-Cola Amatil to Foster Growth Coca-Cola Amatil Limited, world-renowned bottlers of non-alcoholic ready-to-drink beverages, launched SyLon Sports closure, an innovative solution for Powerade bottles. These Australian-grown innovative bottles are designed, tested, and prototyped by the Amatil Services Division in Sydney. The introduction of SyLon Sports closure will contribute positively to the caps & closures market trends due to the improved quality and recyclability of the closure through its component. Furthermore, Coca-Cola Amatil’s Group Managing Director, Alison Watkins, said in a statement, we believe the SyLon Sports closure is an Aussie-manufacturing success story. Until now, we have imported closures from Europe and faced challenges with global supply.” She also added, “our Packaging Services Division team at Eastern Creek tookinitiative and designed, tested and prototyped a closure cap which is more cost-effective, better for the environment, and will be made in Western Sydney. Restraint Stringent Government Regulations to Hamper Market Revenue The growing environmental threats and concerns can be a crucial factor in hampering the growth of the caps & closures market during the forecast period. The increasing government policies for disposal of landfills will consequently dampen the growth of the market. Moreover, the rising plastic waste from various industries such as food &beverages, cosmetics, and consumer goods will impel the government to take strict actions, which in turn will hamper the market growth. For instance, as per Plastic Industry Association, America used about 50 billion plastic water bottles in 2016, and the recycling was only 23%, signaling the need to focus on industry efforts to reduce plastic waste. Information source: https://www.fortunebusinessinsights.com/caps-closures-market-102542
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Caps & Closures Market Size, Share, Trends | Global Report, 2026
    The global caps & closures market size was USD 54.32 billion in 2018 is projected to reach USD 82.30 billion by 2026, exhibiting a CAGR of 5.52% during the forecast period.
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