CAGR of 5.32%, Plastic Caps and Closures Market to Reach US$ 59.0 Billion by 2027 |

According to IMARC Group's latest report, titled "Plastic Caps and Closures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global plastic caps and closure market reached a value of US$ 43.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 59.0 Billion by 2027, exhibiting at a CAGR of 5.32% during 2022-2027

Plastic caps and closures are the final units of the manufacturing process that are economical, highly resistant to high temperatures, lightweight, and durable. They are used to protect the products from spoilage, contamination, and other environmental factors, making them the deciding factor upon which a product's integrity depends.

Some commonly used raw materials in the manufacturing of plastic caps and closures include polypropylene (PP), polyethylene terephthalate (PET), and low- and high-density polyethylene (LDPE/HDPE). They also help enhance the aesthetics and functionality of the product and ensure convenient handling during transportation. Thus, they are used extensively in the cosmetics, food and beverage (F&B), pharmaceutical, and consumer goods industries.  

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Plastic caps and closures are more economical, durable, lightweight, versatile, and offer resistance to corrosion than other materials, such as metal and rubber, due to which they are extensively used in the manufacturing sector. Besides this, key manufacturers are heavily investing in advanced technologies to enhance the functionality and aesthetic appeal of the caps and closures, which is boosting the market growth. Other factors, such as the growing demand for juices, coffee, and sports drink on account of the surging consumer expenditure power and hectic schedules, are creating a positive outlook for the market.    

Market Segmentation:

Based On Product Type:

Screw-On Caps 
Dispensing Caps 
Others 

Based On Raw Material:

PET 
PP 
HDPE 
LDPE 
Others 

Based On Container Type:

Plastic 
Glass 
Others

Based On Technology:

Injection Molding 
Compression Molding 
Post-Mold Tamper-Evident Band 

Based On End-Use:

Beverages 
Industrial Chemicals 
Food 
Cosmetics 
Household Chemicals 
Pharmaceuticals 
Others

 Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Competitive Landscape:

Berry Global
Amcor
Crown Holdings
Silgan Holdings
RPC Group
Bericap
AptarGroup, Inc
Closure Systems International
Coral Products
Berk Company, LLC
United Caps
Caps & Closures Pty Ltd
Caprite Australia Pty. Ltd
Pano Cap (Canada) Limited
Plastic Closures Limited
Cap & Seal Pvt. Ltd.
Phoenix Closures
Alupac India
Hicap Closures
MJS Packaging.

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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