The burgeoning requirement for metalized caps and closures in the cosmetics industry and the growing demand for foods and beverages are the major factors fueling the worldwide requirement for UV metalized caps and closures. Due to the rapid economic progress of many developing countries, the disposable income of people has increased, which has, in turn, augmented the consumption of various foods and beverages and the sales of different cosmetic products such as anti-ageing creams, sunscreens, and lotions. Besides this, the surging consumption of alcohol in various countries is also pushing up the requirement for UV metalized caps and closures.
Depending on metallizing material, the UV metallized caps and closures are classified into alloy, aluminum, and others such as silver, platinum, gold, and chromium. Amongst these, the demand for aluminum was found to be the highest, owing to tis various beneficial traits such as low weight, resistance to corrosion, similar glossiness to silver, and low cost. Because of these reasons, the usage of aluminum as a metallizing material is soaring rapidly in various packaging applications in industries such as fragrance, food and beverage, skincare, and cosmetics.
These industries are the major application areas of UV metalized caps and closures. Out of these industries, the usage of UV metalized caps and closures are being observed to be significantly high in fragrance, skincare, and cosmetics, because of various distinctive benefits such as premium look, elimination of various surface imperfections caused during the manufacturing process, and improved durability. Currently, Europe is the largest user of these caps and closures across the world. This is attributed to the growing manufacturing capacity and the optimization of manufacturing costs by various manufacturers via affordable raw material sourcing in the region.
Additionally, the sales of these caps and closures are soaring in countries such as Poland, Hungary, Slovakia, and Czech Republic, which is also boosting the growth of the European UV metalized caps and closures market. North America will be the second largest procurer of these materials in the coming years. This will be due to the increasing import of affordable UV metallized cosmetics packaging parts and components from various Asian countries and mushrooming utilization of these caps and closures by fragrance producing companies in the region.
Therefore, it can be said without any doubt that due to the growing requirement for cosmetic products and foods and beverages, the sales of UV metalized caps and closures will soar all over the world in the forthcoming years.
