Caps And Closures Global Market Report 2024

Description

“Caps And Closures Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on caps and closures market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for caps and closures? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The caps and closures market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Screw Caps; Dispensing Caps; Other Types
2) By Raw Material: Plastic; Metals; Others Raw Materials
3) By Technology: Injection Molding; Compression Molding; Post-Mold Tamper-Evident Band
4) By End-User: Food; Beverage; Healthcare; Cosmetics And toiletries; Other End-Users
Companies Mentioned: Reynolds Group Holdings Limited; WestRock Company; Ball Corporation; Amcor Plc; Crown Holdings Incorporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Caps and closures are structural components crafted to cover the opening of a container and prevent the contents from leaking. Their primary purpose is to safeguard products and extend their shelf life by maintaining a secure seal that preserves the contents, ensuring freshness throughout the designated shelf life.

The principal categories of caps and closures include screw caps, dispensing caps, and other varieties. Screw caps, designed for bottles, jars, and tubes, securely fasten onto the threads of the container's neck. These caps are constructed from a range of materials, including plastics, metals, and others, and are produced using diverse manufacturing techniques like injection molding, compression molding, and the incorporation of post-mold tamper-evident bands. They find application across various industries, including food, beverages, healthcare, cosmetics, toiletries, and other sectors.

The caps and closures market research report is one of a series of new reports from The Business Research Company that provides caps and closures market statistics, including caps and closures industry global market size, regional shares, competitors with a caps and closures market share, detailed caps and closures market segments, market trends and opportunities and any further data you may need to thrive in the caps and closures industry. This caps and closures market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The caps and closures market size has grown strongly in recent years. It will grow from $73.17 billion in 2023 to $77.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to consumer packaging trends, food and beverage industry growth, pharmaceutical packaging needs, environmental concerns.

The caps and closures market size is expected to see strong growth in the next few years. It will grow to $97.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to e-commerce packaging, sustainability initiatives, healthcare industry growth, innovations in tamper-evidence. Major trends in the forecast period include smart packaging, customization and personalization, child-resistant innovations, improved dispensing systems.

The growing appetite for alcoholic beverages is poised to be a driving force behind the expansion of the caps and closures market in the foreseeable future. Alcoholic beverages encompass various fermented liquors that contain ethyl alcohol or ethanol (CH3CH2OH) as an intoxicating agent, including beer, wine, and distilled spirits. Caps and closures play a pivotal role in the packaging of alcoholic beverages, providing secure sealing solutions to ensure product freshness, prevent leakage, and adhere to regulatory requirements. These components aid in preserving the quality of alcoholic drinks by safeguarding them from external contaminants and preserving carbonation. For instance, in February 2023, the Distilled Spirits Council of the United States reported that spirit sales in the United States reached a new high of $37.6 billion in 2022, with a 5.1% increase, while volumes rose by 4.8% to reach 305 million 9-liter cases. Hence, the surging demand for alcoholic beverages is expected to drive the growth of the caps and closures market.

The increasing consumption of non-alcoholic beverages is anticipated to fuel the growth of the caps and closures market in the near future. Non-alcoholic beverages encompass drinks that either contain no alcohol or have minimal alcohol content. These beverages are produced without or with significantly reduced alcohol levels. Caps and closures serve the crucial role of providing a tight and secure seal to safeguard non-alcoholic beverage containers from moisture, humidity, and other contaminants. For instance, in March 2022, the Australian Bureau of Statistics reported a 1.4% increase in the sale of food and non-alcoholic beverages, totaling 14.7 million metric tons in 2021 compared to the previous year. This data underscores the growing consumption of non-alcoholic beverages, which is a driving factor in the caps and closures market's expansion.

The growing environmental concerns and regulatory actions represent the primary challenges that curtail the expansion of the caps and closure market in the forecast period. Environmentalists have voiced significant apprehensions about the use of plastic caps and closures due to their non-biodegradable nature, with the potential to take hundreds of years to decompose. The heightened awareness of environmental issues has led to the implementation of stringent regulations in many countries concerning the utilization of plastic caps and closures. For example, the European Union took action in July 2021 by banning single-use plastics like balloon sticks, straws, cotton buds, and cutlery, which includes plastic caps and closures, as part of an effort to mitigate plastic waste and pollution. Consequently, the mounting environmental concerns and regulatory restrictions are impeding the growth of the caps and closure market.

Prominent companies operating in the caps and closures market are dedicated to advancing packaging solutions, particularly sustainable closures, to fortify their market position. Sustainable closures constitute a category of packaging materials designed to reduce the environmental impact of packaging and foster sustainability. For instance, in March 2023, United Caps Holding SA, a plastic caps and closures manufacturer based in Luxembourg, introduced the 23 H-PAK, an inventive and sustainable attached closure for carton packaging. This patent-pending closure features a distinctive tamper-evident (TE) ring that keeps all components intact for easy recycling. The 23 H-PAK tethered closure is engineered for seamless integration with existing filling lines, ensuring a hassle-free interaction with current processes and swift adoption on production lines. Its unique tamper-evident (TE) ring preserves all parts for easy recycling.

In July 2022, the Guala Closures Group, an Italian manufacturer of aluminum and non-refillable caps and closures, acquired Labrenta Srl in a transaction of undisclosed value. This strategic acquisition enhances Guala's presence and extends its reach in the rapidly growing luxury closures sector. Labrenta Srl, an Italian manufacturer, specializes in synthetic cork and custom closures for premium spirits.

Major players in the caps and closures market are Reynolds Group Holdings Limited, WestRock Company, Ball Corporation, Amcor PLC, Crown Holdings Incorporation, Sonoco Products Company, Silgan Holdings Inc., Nippon Closures Co. Ltd., AptarGroup Incorporated, Berlin Packaging LLC, Pact Group Holdings Ltd., Alkem Laboratories Ltd., Bericap GmbH Co. & Kg, Guala Closures Group Inc., Weener Plastics Inc., United Caps Holding SA, Pelliconi & C. Spa., Crown Seal Public Company Limited, C. L. Smith Company, Mold-Rite Plastics LLC, O.Berk Company LLC, Elmoris JSC, Closure Systems International Inc., Blackhawk Molding Co. Inc., Phoenix Closures Inc., Berry Global Group Inc., Innovative Polymers Pvt. Ltd.

Asia-Pacific was the largest region in the caps and closures market in 2023. The regions covered in caps and closures report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the caps and closures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The caps and closures market consists of sales of handle caps, flip-top caps, snap-to caps and tamper-resistant caps. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12354

1. Executive Summary

2. Caps And Closures Market Characteristics

3. Caps And Closures Market Trends And Strategies

4. Caps And Closures Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Caps And Closures Market Size and Growth

5.1. Global Caps And Closures Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Caps And Closures Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Caps And Closures Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Caps And Closures Market Segmentation

6.1. Global Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Screw Caps
Dispensing Caps
Other Types
6.2. Global Caps And Closures Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Plastic
Metals
Others Raw Materials
6.3. Global Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Injection Molding
Compression Molding
Post-Mold Tamper-Evident Band
6.4. Global Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food
Beverage
Healthcare
Cosmetics And toiletries
Other End-Users

7. Caps And Closures Market Regional And Country Analysis

7.1. Global Caps And Closures Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Caps And Closures Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Caps And Closures Market

8.1. Asia-Pacific Caps And Closures Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Caps And Closures Market

9.1. China Caps And Closures Market Overview
9.2. China Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Caps And Closures Market

10.1. India Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Caps And Closures Market

11.1. Japan Caps And Closures Market Overview
11.2. Japan Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Caps And Closures Market

12.1. Australia Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Caps And Closures Market

13.1. Indonesia Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Caps And Closures Market

14.1. South Korea Caps And Closures Market Overview
14.2. South Korea Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Caps And Closures Market

15.1. Western Europe Caps And Closures Market Overview
15.2. Western Europe Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Caps And Closures Market

16.1. UK Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Caps And Closures Market

17.1. Germany Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Caps And Closures Market

18.1. France Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Caps And Closures Market

19.1. Italy Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Caps And Closures Market

20.1. Spain Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Caps And Closures Market

21.1. Eastern Europe Caps And Closures Market Overview
21.2. Eastern Europe Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Caps And Closures Market

22.1. Russia Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Caps And Closures Market

23.1. North America Caps And Closures Market Overview
23.2. North America Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Caps And Closures Market

24.1. USA Caps And Closures Market Overview
24.2. USA Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Caps And Closures Market

25.1. Canada Caps And Closures Market Overview
25.2. Canada Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Caps And Closures Market

26.1. South America Caps And Closures Market Overview
26.2. South America Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Caps And Closures Market

27.1. Brazil Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Caps And Closures Market

28.1. Middle East Caps And Closures Market Overview
28.2. Middle East Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Caps And Closures Market

29.1. Africa Caps And Closures Market Overview
29.2. Africa Caps And Closures Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Caps And Closures Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Caps And Closures Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Caps And Closures Market Competitive Landscape And Company Profiles

30.1. Caps And Closures Market Competitive Landscape
30.2. Caps And Closures Market Company Profiles
- 30.2.1. Reynolds Group Holdings Limited
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. WestRock Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Ball Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Amcor Plc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Crown Holdings Incorporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Caps And Closures Market Other Major And Innovative Companies

31.1. Sonoco Products Company
31.2. Silgan Holdings Inc.
31.3. Nippon Closures Co. Ltd.
31.4. AptarGroup Incorporated
31.5. Berlin Packaging LLC
31.6. Pact Group Holdings Ltd.
31.7. Alkem Laboratories Ltd.
31.8. Bericap GmbH Co. & Kg
31.9. Guala Closures Group Inc.
31.10. Weener Plastics Inc.
31.11. United Caps Holding SA
31.12. Pelliconi & C. Spa.
31.13. Crown Seal Public Company Limited
31.14. C. L. Smith Company
31.15. Mold-Rite Plastics LLC

32. Global Caps And Closures Market Competitive Benchmarking

33. Global Caps And Closures Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Caps And Closures Market

35. Caps And Closures Market Future Outlook and Potential Analysis

35.1 Caps And Closures Market In 2028 - Countries Offering Most New Opportunities
35.2 Caps And Closures Market In 2028 - Segments Offering Most New Opportunities
35.3 Caps And Closures Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer