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The global metal caps & closures market is projected to grow at a moderate CAGR during the forecast period.
The key factors that drive the growth of the global metal caps & closures market include the rising preferences of the packaged food by the consumers across the globe.
This rise in food demand has encouraged the manufacturers to produce superior quality metal caps and closures. These caps and closures also provide extended shelf life to the food & beverage item, thus, enhancing its adoption across the industries. However, the presence of alternate caps and closure systems made of plastics and wood are likely to challenge the growth of the metal closures market during the forecast period.