The Global Caps and Closure Market was sized near USD 49.78 billion in 2015. The global caps and closure market is projected to grow with a CAGR of 4.9% during 2017-2023. To preserve products to extend their shelf life the caps and closures are used in packaging industry. Caps and closures industry uses different type of materials to construct suitable product packaging, such as plastics, metals, and others.