Latest Plastic Caps and Closures Market Report- by Product Type: Screw-on Caps, Dispensing CapsThe global plastic caps and closures market size is projected to grow from USD 44.3 billion in 2020 to USD 57.0 billion by 2025, at a CAGR of 5.2% between 2020 and 2025.
ReportsnReports added Latest Plastic Caps and Closures Market research report estimates the market size by the end of year at a CAGR, by deep-dive analysis of the historical data for the years. The main objective of this report is to determine Plastic Caps and Closures Market status, forecast, growth opportunity, market size by analyzing segments such as key market players, regional classifications, product type and application industry. Plastic Caps and Closures Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.
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Top Company Profile Analysis in this Report-
Berry Group (US), Crown Holding (US), AptarGroup (US), Amcor (Australia), Coral Products (UK), BERICAP (Germany), Silgan Holdings (US), O.Berk Company, LLC (US), Guala Closures (Italy), United Caps (Luxembourg), Caps & Closures Pty Ltd. (Australia), Caprite Australia Pty Ltd. (Australia), Pano Cap (Canada) Limited (Canada), Plastic Closures Ltd. (UK), Cap & Seal Pvt. Ltd. (India), Phoenix Closures (US), Alupac India (India), Hicap Closures (China), MJS Packaging (US), J.L. Clark (US), TriMas (US), and Comar, LLC (US).
Increase in demand for bottled water, need for convenience, concerns about product safety & security, product differentiation & branding, and decreasing package sizes are driving the market for plastic caps & closures. However, the development of substitutes is expected to restrain this market. Emerging economies are expected to offer significant growth opportunities to manufacturers of plastic caps & closures. The major challenge faced by players is the mature market in developed regions.
The screw-on caps segment accounted for the largest share and is projected to grow at the highest CAGR during the forecast period. This is attributed to its wide application in various end-use industries such as beverage, pharmaceutical, and personal care. Moreover, they are cost-effective and lightweight.
A plastic screw closure is a well-engineered product that is screwed on and off on a container. These closures contain either continuous threads or lugs. It must be engineered and designed to be cost-effective, compatible with contents, easy to open; provide an effective seal; and comply with the product, package, and environmental laws and regulations.
In terms of both value and volume, the post-mold TE band segment accounted for the largest shares, and it is also projected to grow at the highest CAGR. In the post-mold technology, slitting is a secondary operation to achieve tamper-evident plastic caps & closures. This post-mold technology is comparatively economical and time-effective.
In terms of value and volume, the plastic segment accounted for the largest share in 2019 and is projected to grow at a comparatively higher CAGR during the forecast period. Plastic containers are economical and lightweight. They are primarily used for packaging CSDs and bottled water owing to cost-effectiveness.
The PP segment leads the market. PP is widely used owing to its high resistance to chemical corrosion property, making it an excellent choice for packaging for cleaning products, bleaches, and first-aid products, among others. It also offers excellent fatigue resistance and elasticity, securing it a well-deserved reputation for toughness and durability.
Beverage packaging is the largest end-use sector of plastic caps & closures. Beverage packaging is used to enhance the shelf life as well as to retain the taste and texture of the beverage. The demand from beverage companies for novel differentiating closures drives the market for premium caps in the beverages industry. Plastic caps & closures have witnessed extensive traction for the packaging of bottled water, carbonated soda drinks, and non-carbonated soda drinks.
The US, Canada, and Mexico are the major countries contributing to the plastic caps & closures market in North America. The growth is driven by factors such as the rise in demand for single-portion packs or small packs, increased demand for convenience food, concerns about product safety & security, and need for product differentiation and branding. The presence of major plastic caps & closures manufacturers has also contributed to the growth of the plastic caps & closures market in this region.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the plastic caps & closures market, and information was gathered from secondary research to determine and verify the market size of several segments.
By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%
By Region: APAC – 30%, Europe – 30%, North America – 20%, the Middle East & Africa – 10%, and South America- 10%
This report provides detailed segmentation of the plastic caps & closures market based on product type, container type, raw material, technology, end-use sector, and region. The product type segment is divided into screw-on caps, dispensing caps, and others. The container type segment is divided into plastic and glass. Based on raw material, the market is segmented into PP, HDPE, LDPE, and others. Based on the technology, the market is segmented into a post-mold TE band, compression molding, and injection molding. Based on the end-use sector, the plastic caps & closures market has been segmented into beverage, pharmaceutical, food, personal & home care, and others. Based on the region, the market has been segmented into North America, Europe, APAC, the Middle East & Africa, and South America.
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Key Benefits of Buying the Report-
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the plastic caps & closures market; high growth regions; and market drivers, restraints, opportunities, and challenges.
Table Of Contents in this Report-
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Segmentation
1.3.3 Years Considered For The Study
1.5 Unit Considered
2 Research Methodology
2.1 Research Data
Figure 1 Plastic Caps & Closures Market: Research Design
2.1.1 Secondary Data
126.96.36.199 Key Data From Secondary Sources
2.1.2 Primary Data
188.8.131.52 Key Data From Primary Sources
184.108.40.206 Key Industry Insights
220.127.116.11 Breakdown Of Primary Interviews
2.2 Market Size Estimation
Figure 2 Market Size Estimation: Plastic Caps & Closures Market
Figure 3 Plastic Caps & Closures Market, By Region
Figure 4 Plastic Caps & Closures Market, By Product Type
2.2.1 Top-Down Approach
Figure 5 Market Size Estimation: Top-Down Approach, By Segments
Figure 6 Market Size Estimation: Top-Down Approach
2.2.2 Bottom-Up Approach
Figure 7 Market Size Estimation: Bottom-Up Approach, By End-Use Sector
Figure 8 Market Size Estimation: Bottom-Up Approach
2.5 Market Share Estimation
2.6 Data Triangulation
Figure 9 Plastic Caps & Closures Market: Data Triangulation
3 Executive Summary
Figure 10 Screw-On Caps Segment To Dominate The Market Through 2025
Figure 11 Post-Mold Te Band Segment To Dominate The Market Through 2025
Figure 12 Pharmaceutical To Be The Preferred Sector To Invest In The Next Five Years
Figure 13 Pp To Be The Fastest-Growing Raw Material Segment
Figure 14 Plastic To Record The Higher Cagr Between 2020 And 2025
Figure 15 Apac To Remain The Largest Market For Plastic Caps & Closures
4 Premium Insights
4.1 Attractive Opportunities In The Plastic Caps & Closures Market
Figure 16 Emerging Economies To Offer Lucrative Growth Opportunities For Market Players
4.2 Plastic Caps & Closures Market, By Product Type
Figure 17 Screw-On Caps To Be The Largest And Fastest-Growing Segment
4.3 Plastic Caps & Closures Market, By Technology
Figure 18 Post-Mold Te Band Technology To Grow At The Highest Rate
4.4 Plastic Caps & Closures Market, By Container Type
Figure 19 Plastic Segment To Continue Dominating The Market
4.5 Plastic Caps & Closures Market, By Raw Material
Figure 20 Pp Segment To Remain Largest During Forecast Period
4.6 Plastic Caps & Closures Market, By End-Use Sector
Figure 21 Pharmaceutical Segment To Record Highest Cagr Between 2020 And 2025
4.7 Plastic Caps & Closures Market, By Country
Figure 22 Plastic Caps & Closures Market In Developing Countries To Grow At A Faster Rate Than In Developed Countries
4.8 Apac: Plastic Caps & Closures Market
Figure 23 China To Lead The Plastic Caps & Closures Market In Apac
4.9 Plastic Caps & Closures Market: Regional Snapshot
Figure 24 China To Register Highest Cagr Followed By India
5 Market Overview
5.2 Value Chain Analysis
Figure 25 Plastic Caps & Closures Value Chain
5.3 Market Dynamics
Figure 26 Drivers, Restraints, Opportunities, And Challenges In The Plastic Caps & Closures Market
18.104.22.168 Increase In Demand For Bottled Water
22.214.171.124 Need For Convenience And Concerns About Product Safety & Security
126.96.36.199 Product Differentiation & Branding And Decreasing Package Sizes
188.8.131.52 Development Of Substitutes
184.108.40.206 Emerging Economies
220.127.116.11 Mature Markets In Developed Regions
5.4 Porter's Five Forces Analysis
Figure 27 Porter's Five Forces Analysis
5.4.1 Threat Of New Entrants
5.4.2 Threat Of Substitutes
5.4.3 Bargaining Power Of Suppliers
5.4.4 Bargaining Power Of Buyers
5.4.5 Intensity Of Competitive Rivalry
5.5 Covid-19 Impact On Plastic Caps & Closures Market
5.5.1 Impact Of Covid-19 On Plastic Packaging
5.5.2 Impact Of Covid-19 On End-Use Sectors For Plastic Caps & Closures 62
18.104.22.168 Impact Of Covid-19 On Food & Beverage Industry
22.214.171.124 Impact Of Covid-19 On Pharmaceutical Industry
126.96.36.199 Impact Of Covid-19 On Personal & Homecare Industry
5.5.3 Impact Of Covid-19 On Various Countries
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