Global Plastic Caps And Closures Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies include Berry Global Inc., Guala Closures Group, BERICAP, O.Berk Company, United Caps

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Plastic Caps And Closures market report by The Business Research Company, an increase in demand for bottled water from consumers across the globe is driving the plastic caps and closures market. The bottled water is sealed with plastic caps and closures to prevent spillage, facilitate easy transportation and extend shelf life. The demand for bottled water is increasing due to the rise in awareness of water contamination and safety concerns.

The global plastic caps and closures market size grew from $47.63 billion in 2022 to $55.68 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plastic caps and closures market size is expected to grow to $93.56 billion in 2027 at a CAGR of 13.9%.

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Major competitors in the Plastic Caps And Closures market include Berry Global Inc., Guala Closures Group, BERICAP, O.Berk Company, United Caps, Caps & Closures Pty Ltd., Pano Cap Limited, Plastic Closures Ltd., Cap & Seal Pvt. Ltd., Phoenix Closure, Hicap Closures, and MJS Packaging.

The Plastic Caps And Closures market is segmented -
• By Product Type: Screw Caps, Dispensing Caps, Other Product Types
• By Materials: Polypropylene, Polystyrene, Polyethylene, Other Materials
• By End-User: Pharmaceutical, Personal Care, Food And Beverages, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Plastic Caps And Closures market.

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Plastic caps and closures are the final elements of the packaging process, consisting of a structure or device designed to cover a container's opening and prevent the contents from spilling out, thereby reducing leakage of goods packed inside the container and product degradation inside the bottle. These are used in a variety of applications such as beverage packaging, non-food packaging, and cosmetic packaging.

The Table Of Content For The Plastic Caps And Closures Market Include:
1. Executive Summary
2. Plastic Caps And Closures Market Characteristics
3. Plastic Caps And Closures Market Trends And Strategies
4. Plastic Caps And Closures Market - Macro Economic Scenario
5. Plastic Caps And Closures Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Plastic Caps And Closures Market
29. Plastic Caps And Closures Market Future Outlook and Potential Analysis
30. Appendix

The "Global Plastic Caps And Closures Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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