Plastic Caps & Closures Market : Analysed by Business Growth, Development Factors, Applications, and Future Prospects

Caps & Closures are an important part of packaging and containers such as bottles, cans, tubes, stand-up Pouches and others. Often, they do not only serve to open the container, but also offer the option to reseal it. The market for plastic caps and closures is profiting substantially from an increasing use of packaging. Moreover, rising demand for bottled water and smaller packaging sizes will provide stimuli to the growth in the future. The quality of plastic caps & closure market is improving continuously, thus providing better access to the contents of the pack with such caps and closures.

Plastic caps and closures are by far the largest industry segment and are benefitting more from the higher use of metal and glass containers than the traditionally used materials in many food and beverage applications. Caps and closures help in the process of extending shelf-life of products and providing barrier to dirt, moisture, and oxygen. In addition, the trend of moving from unpacked goods to packed goods in developing countries such as India and China is increasing the demand for caps & closures. In addition, technological improvements have enabled certain plastic closures to replace metal closures on glass food containers. Such packaging material is used for consumer products and in industrial applications, to enable protection, marketing, and distribution of a variety of products.

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Major Key Players

• RPC Group Plc. (UK)
• Reynolds Group Holdings Limited (New Zealand)
• Crown Holdings Inc. (U.S.)
• Amcor Limited (Australia)
• Rexam PLC (UK)
• Berry Plastics Corporation (U.S.)
• Silgan Holdings Inc. (U.S.)
• AptarGroup Inc. (U.S.)
• Guala Closures Group (Italy)
• BERICAP GmbH Co. & KG (Germany)

Industry/Innovation/Related News:

27-Sep-2017 - United Caps/ Caps United (Wiltz, Luxembourg, Europe) a global provider of innovative Caps & Closure, announced its plans to launch a new version of its ProSpring closure for sports drinks in early 2018 to enter new markets such as Germany following the success the cap had in the UK and other parts of Europe.

On 17 Oct, 2017 the Company announced that it is taking over the plastic closures division of Closures4you. The takeover offer includes 28 mm caps for re-usable glass bottles and for disposable PET bottles. This latest acquisition is part of UNITED CAPS’ comprehensive growth strategy.

In June 2017, the company announced the takeover of cap and closure manufacturer Dewit Plastics. In the case of Closures4you, the plan is to ensure future market supply from the UNITED CAPS plant in Schwerin. The takeover will make available capacity for a new closure design to replace some previous closures. To ensure a smooth transition in terms of customer supply, Closures4you will make its closure capacities available through the end of March 2018. With this strategic step, UNITED CAPS is driving forward the modernisation of its product portfolio

Plastic Caps & Closures Global Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Plastic Caps & Closures appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are aggressively expanding by acquiring promising companies in the fast-growing markets like India, China, Indonesia, Brazil, and South Africa.

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The market is driven by various factors such as increased consumption of processed foods & beverages, innovation in plastic packaging, and the reusability of Plastic. The higher disposable income in these developing countries has increased their purchasing power. As a result, the market has been impacted, positively. However, plastic caps & closures market faces restraints such as fluctuating raw material prices and stringent regulations on packaging material waste and recycling, which hinder the market growth.

The market for global plastic caps & closures is segmented mainly on the basis of raw materials, product type and end-use. Market categorization, on the basis of product type includes screw caps, dispensing caps and other plastic caps. On the basis of raw materials, it includes polypropylene, polyethylene, polystyrene and other resins. Plastic resin such as polypropylene (PP) and polyethylene (PE) are widely used, while PP is expected to be the fastest-growing sub segment. Plastic caps & closures are projected to emerge as the fastest-growing type in caps & closures market as it is light weight, cost effective, and can be used to package various types of products belonging to different industries. On the basis of end-use, it has been segmented as food & beverage, pharmaceutical, others. Plastic caps & closures market is expected to reach the market size of ~USD 61.71 billion by the end of the forecast period with CAGR of ~5.2% between 2017 and 2023.

Regional Analysis:

On the basis of geography, the market has been segmented as North America, Europe, Asia Pacific and RoW. Geographically, Asia Pacific dominates the global plastic caps & closures packaging market with the largest market share. As caps & closures are used widely in various industries, such as food& beverages, and healthcare, the market has been witnessing major growth, to become a large market for these packaging solutions. Moreover, increase in consumer income has led a growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of plastic caps & closures products.

The report for Global Plastic Caps & Closures Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

TOC :

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrant
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List Of Tables :

Table 1 Global Flexible Plastic Packaging Market: by Region, 2017-2023
Table 2 North America Flexible Plastic Packaging Market: by Country, 2017-2023
Table 3 Europe Flexible Plastic Packaging Market: by Country, 2017-2023
Table 4 Asia Pacific Flexible Plastic Packaging Market: by Country, 2017-2023
Table 5 Row Flexible Plastic Packaging Market: by Country, 2017-2023
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