Technology News & Trends

  The   caps & closures market   is expected to witness major growth as popular beverages continue to make the much-needed shift towards natural varieties. The market rose to a valuation of US$2.64 bn in 2016. Rising at 4.3% CAGR during 2018-2026, the market will likely reach a valuation of US$3.82 bn. The rise in natural beverages is apparent in growth of single-serve beverages. Major soft drink brands like Coca-cola, and Dr Pepper have announced natural beverages in line with their premium products. The increasing appeal of these product amidst a rising fight with obesity in the North America region, continues to drive growth. The rising number of diabetic patients, and growing elderly patients will also drive growth in the caps and closures market for non-carbonated beverages. Among regions, the caps & closures market for non-carbonated beverages will likely grow at the fastest CAGR in Asia Pacific region. The changing lifestyle in the region, large population,...

The  caps & closures market  is expected to witness major growth as popular beverages continue to make the much-needed shift towards natural varieties. The market rose to a valuation of US$2.64 bn in 2016. Rising at 4.3% CAGR during 2018-2026, the market will likely reach a valuation of US$3.82 bn. The rise in natural beverages is apparent in growth of single-serve beverages. Major soft drink brands like Coca-cola, and Dr Pepper have announced natural beverages in line with their premium products. The increasing appeal of these product amidst a rising fight with obesity in the North America region, continues to drive growth. The rising number of diabetic patients, and growing elderly patients will also drive growth in the caps and closures market for non-carbonated beverages. Polypropylene Bags Remains Most Promising Segment The polypropylene bags have remained the most promising segment in the market for some time. These promise to hold over 60% share in the caps ...