Some of the major factors fuelling the growth of global market include significant advantages associated with PIM solutions and inclination towards centralized models among across pharma sector.

What is causing this growth in the market? Primarily it is the growing rubber and plastics industry coupled increased demand for pharmaceuticals and cosmetics from Japan, China, and India.

Key trend driving the market growth is the rising demand for packaged goods in developing countries such as India and China. Some of the factors that improve the growth of caps and closure markets are increasing demand for bottled water and smaller packaging sizes from end-user industries such as food, beverages and healthcare, as well as growing concerns about product quality and safety.

The increasing number of obese populations at global level is driving the demand of alternative sweeteners products. Sugar substitute products have demand among food and beverage manufacturers who are into producing soft drinks, powdered drink mixes, baked goods, candy, puddings, canned foods, dairy products, jams, and jellies.