Plastic Caps and Closures Market 2021 SWOT Study, PESTEL Analysis and Forecast by 2026 - Impact of Corona Virus Outbreak

The research report on the global “Plastic Caps and Closures Market” includes in-depth forecasting trends, growth rates, and precise insights into new technologies. During the projected period of 2021-2026, this research examines the influence of Covid-19 on the growth of the Plastic Caps and Closures market by segment and sub-segment.

- Plastic caps and closures are used in a stretch of industries segments, such as food and beverages, pharmaceuticals, household goods, cosmetic products, etc. Caps and closures are the final components of packaging and are responsible for maintaining the integrity of the product packing.
- Caps and closures use PP and PE as the primary raw materials for manufacturing. Industries rely heavily on the plastic caps and closures, as they provide a cost-effective sealing solution. The demand for packaged food and pharmaceutical drugs has been increasing at a healthy rate and as an impact of this, the caps and closures market is also expected to record an increase in demand during the forecast period.
- However, this industry is comprehensively dependent on the suppliers of raw materials for manufacturing. PP and PE, which are used as raw materials, have significantly fluctuating costs in the market. As the cost of production is dependent on this raw material, manufacturers find it difficult to maintain constant output.

The major players in the Plastic Caps and Closures Market are:Silgan Holdings Inc., Amcor Ltd, Crown Holdings Inc., Aptar Group Inc., Berry Global, Inc., Albéa S.A., Ball Corporation, Evergreen Packaging Inc., Global Closure Systems, Guala Closures Group, Pact Group, Tetra Laval International S.A., BERICAP GmbH & Co. KG

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Key Market Trends

Polypropylene to Account for a Significant Share

- Plastics converters are the heart of the plastics industry. Polypropylene (PP) comes under thermoplastic which are reversible and can be reheated and reshaped. Polypropylene caps are known for good impact strength, durability, cost-effectiveness and thermal resistance. Polypropylene bottle caps are autoclavable. Wide mouth PP caps are well-suited for many dry products.
- F422 HDPE Foam Lined Polypropylene Caps of Qorpak are acid resistant. This F422 liner is comprised of a .38" LDPE core sandwiched between identical layers of .002" - .003" virgin HDPE. These polypropylene closures with foamed polyethylene liners have excellent sealing characteristics and offer good chemical resistance including acids, alcohols, alkalis, aqueous products, cosmetics, household oils and solvents.

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There are 13 chapters to put on view for Plastic Caps and Closures Market:

Chapter 1: Market Overview, Market Drivers, Market Restraints, and Market Opportunities, Market Segmentation Overview

Chapter 2: Market competition by Manufacturers, Country

Chapter 3: Production by Regions, Demand and Supply

Chapter 4: Consumption by Regions, Demand and Supply

Chapter 5: Production, By Types, Revenue and Market share by Types, Condition

Chapter 6: Consumption, By Applications, Market share (%) and Growth Rate by Types and Application

Chapter 7: Complete profiling and analysis of Manufacturers, Regions

Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses, Current Condition

Chapter 9: Market Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factors Analysis

Chapter 12: Market Future Forecast

Chapter 13: Plastic Caps and Closures market Research Findings and Conclusion, methodology and data Source

Customization:

The Global Plastic Caps and Closures Market report may be modified to meet your specific business needs. Because we understand what our clients’ needs and want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients

About Us:

The report of COVID-19 on the market has been tracked in all of the reports we've listed. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update which is important, please check for with the sales team.

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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA

+1 (704) 266-3234

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