According to Custom Market Insights (CMI), The Global Caps and Closures Market Size was valued at USD 67.14 billion in 2021 and is expected to reach USD 71.22 billion in 2022, and is estimated to reach USD 97.98 billion by the end of 2030 at a CAGR of approximately 5.1% during the forecast period 2022-2030.
Global Caps and Closures Market Size & Share
he Global Caps and Closures Market was estimated at USD 65.4 Billion in 2021 and is anticipated to reach around USD 92.5 Billion by 2030, growing at a CAGR of roughly 4.4% between 2022 and 2030.
The increased demand for blister packaging and the increased use of pouches will hamper the market’s growth in the coming years. Using pouches for different packaging types of products has been instrumental in reducing the cost associated with manufacturing caps and closures. Many FMCG organizations have come up with innovative packaging in the form of pouches. The demand for zip pouches will hamper the market’s growth in the coming year.
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