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![Caps and Closures Market is estimated to grow at a CAGR of 4.60% to reach a value of US$66.612 billion by 2025](https://fortunetelleroracle.com/online-marketing/public/index.php/upload/media/posts/2020-05/20/caps-and-closures-market-is-estimated-to-grow-at-a-cagr-of-4-60-to-reach-a-value-of-us-66-612-billion-by-2025_1589979377-b.jpg)
The primary function of caps & closures is preserving products and extending their life.
The global caps and closures market is projected to grow at a CAGR of 4.60% to reach over the forecast period 2019-2025.
The demand for global caps and closures is poised to increase due to its application in-home care products and cosmetics industries, its growing application in the pharmaceutical sector as well as child care products.
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