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WHAT FACTORS are Influencing Demand for Plastic Caps and Closures?

10-26-2018 03:43 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

WHAT FACTORS are Influencing Demand for Plastic Caps

Future Market Insights presents a new report titled ‘Plastic Caps and Closures Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017-2027’ that studies the performance of the global plastic caps and closures market over a 10 year assessment period from 2017 to 2027. The report presents the value and volume forecasts of the global plastic caps and closures market and provides important insights into the factors driving market growth as well as the factors restricting market growth. According to the report forecasts, the global plastic caps and closures market was estimated to be valued at nearly US$ 34,200 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 54,800 Mn in 2027 and in the process exhibit a CAGR of 4.8% during the assessment period 2017-2027.

Request to Sample of Report @  https://www.futuremarketinsights.com/reports/sample/rep-gb-1205

Top Trends in the Global Plastic Caps and Closures Market

The trends that are gaining popularity in the beverages sector of the plastic caps and closures market is light-weighting and constant efforts towards reducing the costs and achieving sustainability targets. Most of the top manufacturers in the global plastic caps and closures market are spending a great amount of money on research and development initiatives. R&D on plastic caps and closures mainly pertains to light weight designs, new consumer needs and consumer convenience. Some of the practical examples of such trends are the knurl pattern for easy gripping, smart hinge caps and extended height caps for the purpose of ergonomics. However, this process of weight reduction doesn’t apply to the short caps that are popularly used in the U.S. and European markets. In the markets of China and Africa, tall neck finishes are still widely used and it is in such product types that weight reduction techniques can be used efficiently. In the latest innovations in the global plastic caps and closures market, the weight of 30/25 mm cap is reduced from 2 grams to 1.58 grams.

Global Plastic Caps and Closures Market: Segmentation and Forecast

The global plastic caps and closures market is segmented on the basis of cap type, material type and end use.

The screw closures segment in the cap type category was estimated to be valued at nearly US$ 24,200 Mn in 2017 and is anticipated to reach a valuation of about US$ 38,600 Mn in 2027 with a CAGR of 4.8% during 2017-2027

The thermoplastics segment in the material type category was estimated to be valued at nearly US$ 33,300 Mn in 2017 and is likely to reach a valuation of nearly US$ 53,400 Mn in 2027

The non-carbonated drinks sub-segment in the end use category is expected to register a CAGR of 5.2% during the period of forecast.

Request to Report Methodology @ https://www.futuremarketinsights.com/askus/rep-gb-1205

Global Plastic Caps and Closures Market: Regional Forecast

The APEJ plastic caps and closures market was estimated to be valued at nearly US$ 11,600 Mn in 2017 and is projected to reach a valuation of nearly US$ 20,550 Mn in 2027, registering a CAGR of 5.9% during 2017-2027.

Global Plastic Caps and Closures Market: Vendor Insights

This report studies some of the important companies operating in the global plastic caps and closures market such as Closure Systems International, Inc., Silgan Plastic Closure Solutions, Bericap GmbH and Co KG, Global Closure Systems, AptarGroup, Inc., Berry Plastics Group, Inc., Amcor Limited, O.Berk Company, LLC, Blackhawk Molding Co. Inc., CL Smith Company, Georg MENSHEN GmbH & Co. KG and Takween Advanced Industries among others.

More from Packaging Market Intelligence:

Wine Cork Market Segmented By material type - Plastic,Aluminum,Glass,Wood,Others; By technology - Injection Moulding,Extrusion Moulding,Combination of injection and extrusion process;By distribution channel - Online distribution channel,Traditional retail : https://www.futuremarketinsights.com/reports/wine-cork-market

Kraftliner Market Segmented By Product Type - Bleached (White-Top) Kraftliner,Unbleached (Brown) Kraftliner; By Basis Weight - Up to 100 GSM,100 GSM to 150 GSM,150 GSM to 200 GSM,200 GSM to 250 GSM,More than 250 GSM; By End Use - Printing Industry,Electrical & Electronics,Consumer Goods,Agriculture,Food & Beverages,Other Industrial : https://www.futuremarketinsights.com/reports/kraftliner-market

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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United States
T: +1-347-918-3531
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Email: sales@futuremarketinsights.com
Web: www.futuremarketinsights.com

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