Plastic Caps & Closures Market Industry Insights With Historical and Forecast Revenue, Country Level Analysis and Competitive Developments Through 2023

Market Highlights:

Caps and closures are also used for product differentiation and brand building. In addition to food, drink and cosmetics packaging, they are used for the production of closures for industrial packaging, medicine packaging and the packaging of everyday items. They are generally made of metal, plastic, rubber, or combinations of these materials, plastic being one of the most preferred materials. Some other types of caps and closures are threaded caps, hinged caps, roll-on closures, twist-off closures, stoppers, corks, dispensing closures, lug caps, canning lids, and wine and spirit closures. However, the primary purpose of plastic caps & closures to maintain safety and wholesomeness of products, makes it so preferred.

The impact of packaging waste on the environment can be minimized by prudently selecting materials by following the guidelines, and reviewing expectations of packaging in terms of environmental impact. Knowledgeable efforts by the industry will promote continued improvement, and an understanding of the functional characteristics of packaging will push the market towards growth. Plastic caps & closures market is expected to reach the market size of ~USD 61.71 billion by the end of forecast period with CAGR of ~5.2% during the forecast period. Closures and caps become imperative for packaging industry, which is serving as the driving factor for the industry. In terms of applications and end-use, beverages are expected to remain the largest segment of the industry. However, pharmaceuticals market is poised to witness strong growth during the forecasting period.

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Key Players

The prominent players in the global plastic caps & closures market includes -

• 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)

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.

Taste the market data and market information presented through more than 45 market data tables and 35 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Plastic Caps & Closures Report -Forecast to 2022”.

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Segmentation

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.

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, 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.

Brief Toc:

1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By Packaging Type
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
10. Conclusion
11. List Of Tables
12. List Of Figures

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