Plastic Caps and Closures Market 2018-2023 | Global Industry Overview By Amcor, Silgan Holdings, Comar, AptarGroup, Alcoa, TriMas, Phoenix Closures and CLARK

Plastic Caps and Closures Market Research Report 2018 published By Market Research Future, provides information on Global Plastic Caps and Closures Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Screw Caps, Dispensing Caps, and Closures), By Material (Polypropylene, Polyethylene and Polystyrene), By End-User (Food & beverages, Pharmaceutical and Personal Care), By Region – Forecast to 2023

Plastic caps and closures act as effective sealing devices of bottles and containers. Versatility, durability, and flexibility afforded by plastic coupled with its economical production rate make it a viable choice for packaging. The effectiveness against tampering of products acts in favor of caps and closures as a packaging method. As per a new and detailed report by Market Research Future (MRFR), the global plastic caps and closures market is projected to experience massive growth at a 5.22% CAGR during the assessment period (2018-2023). The rise in convenience packaging is expected to augur the market growth till 2023. Various strides in packaging production methods can be a plus for the market as well.

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Concerns regarding quality and safety in the food and beverage industry can act as a catalyst for the market. End-users of plastic caps such as pharmaceuticals, cosmetics, and toiletries offer vast opportunities. The mushrooming of ecommerce sites has resulted in a sharp rise in online shopping and will provide further impetus to the market. Rise in disposable income levels of consumers in developing economies can bolster market demand. But strict policies pertaining to the use of plastic materials can be a possible deterrent for market growth.

Report Overview

The report covers the latest trends in the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly accurate projections. MRFR’s report includes a thorough analysis of the global plastic caps and closures marketsegmented on the basis of type, material, end-user, and region with astute insights.

Segment Overview

By type, the plastic caps and closures market is segmented into screw caps, dispensing caps, and closures. The screw caps segment is likely to capture a major share in the market by 2023 owing to its demand in various end-use industries.

Primary materials used in manufacture of caps and closures include polypropylene, polystyrene, and polyethylene. The polypropylene segment can perform exceptionally during the forecast period owing to the material possessing high impact resistance and ability to withstand high temperatures. Key end-users comprise personal care, pharmaceuticals, food & beverages, and others. The food & beverages segment is expected to accumulate significant revenue for the market owing to high consumption of carbonated beverages and ready-to-eat foods.

The segments and sub-segments covered in the report are analyzed under four major regions – Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with respective country-level market sizing. The benefits of the product “caps and closures” is included in the report for a comprehensive understanding of the market. The report discusses the various players involved in the supply and value chain to evaluate future opportunities within the market by delivering an unbiased growth assessment.

Players Covered

Prominent players outlined in the report include Amcor Limited (Australia), Silgan Holdings Inc. (U.S.), Global Closure Systems (France), Comar LLC (U.S.), AptarGroup (U.S.), Alcoa Corporation (U.S.), TriMas (U.S.), Phoenix Closures, Inc. (U.S.), J.L. CLARK (U.S.), Guala Closures Group (India), and others in the report. The trend of acquisitions and mergers in the market may portend a consolidation of companies in the coming years.

The report offers comprehensive profiles on these market players and assesses their current standing in the global plastic caps and closures market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.

Research Methodology

At MRFR, our research analysts conduct a thorough objective analysis of the market when creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market and its various components. Use of primary research strategies such as interviews with top-level decision makers of various leading companies in the relevant market combined with secondary research provides a thorough analysis of past and present trends in a forward-looking manner. Additionally, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the demand and supply-side. Credible resources are employed to help data analysts to understand nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameter in an effort to provide clients with a conclusive and dependable view of the future.

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Segmentation:

The global market for plastic caps and closures can be segmented by material, type, and end-user.

Material-wise, the market relies on polypropylene, polyethylene, and polystyrene. Polypropylene is currently spearheading the pack with 49.4% market share and is expected to witness the fastest CAGR during the forecast period.

Type-based segmentation comprises screw caps, dispensing caps, and closures. Screw caps are currently the market leaders with 42.1% of the entire share and all set to enjoy a favorable tailwind during the review period.

Based on end-users, the market consists of food and beverages, pharmaceutical, personal care, and others. Food and beverage are now dominating the market and expected to steer the market ahead in the foreseeable period. However, the pharmaceutical segment is also showing significant promises.

Regional Analysis:

Geographically the market covers the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

The Americas had dominated the market by generating almost 30.6% of the global revenue in 2017. The fast-tracked life in the U.S. has spurred the growth of food and beverage industry owing to which the plastic caps and closures market is gaining momentum. Also, the rising ecological concern is forcing the manufacturers to inflate their research & development expenditure.

Europe plays a significant role as sectors such as personal care, hygiene and beauty products and packaging are driving the many innovations that the market is now implementing. Healthcare & pharmaceutical sectors are fueling the same market by showing an increasing demand for the caps and closures. The U.K. has the largest market as it has expanding customer base and supportive regulations.

The APAC region is accelerating at a steady pace as the market is taking a firm grip over the global export industry. FDI in retail is also luring in a huge number of international players. China and India are also giving signs of increasing disposable income which spurs the growth of the food and beverage sector. These sectors are widening the business ambit for plastic caps and closures. Thus, making the APAC a significant market player.

Intended Audience
• Distribution vendors
• Research
• End-Users
• Government

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