Press release
Plastic Caps Market Is Valued At US$ 41 Billion In 2023
Plastic caps are a safe and secure packaging solution commonly used for the packing and sealing of a variety of bottles, tubes, containers, and jars. Plastic caps are recyclable and lightweight, which makes them ideal for packaging a carbonated & non-carbonated beverages and industrial goods.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8085?PS
The food and beverage industry account for a majority of the demand for plastic caps. This sector projected to hold 2/3 market share by 2033. Rapid penetration of the industry worldwide will create high demand for plastic caps. Furthermore, the pharmaceuticals and cosmetics & personal care segments combined are projected to offer decent opportunities during the forecast period. Consistently rising demand for plastics caps to seal and pack a variety of bottles, cans, tubes, and containers in these industries will substantially bolster market growth.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โข The global plastic caps market is projected to expand at 4.6% CAGR and reach US$ 64.1 billion by 2033.
โข The market expanded at 3.9% CAGR between 2018 and 2022.
โข Under product type, screw-on caps dominate the market with 62.5% share.
โข Europe leads the global market with 29.4% share in 2023.
โข North America is likely to account for 25.2% market share in 2023.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
Market players are shifting their focus to high-quality plastic caps to align with market standards for industrial purposes. Market stakeholders have diversified product portfolios to cater to both the industrial sector and the commercial sector. They are also focusing on reducing production costs to enhance the long-run strengthening of the cash flow. Key players also manufactured products that have higher strength, high flexibility, lightweight, and are recyclable.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Key manufacturers of plastic caps are focusing on developing new products and increasing their production capacity to cater to the increase in the demand for various applications. Key market players are also manufacturing products that are lightweight and low-cost. Along with this, manufacturers of plastic caps are now focused on the development and implementation of recyclable as well as highly sustainable caps.
In Jan 2021, BERICAP produced its first test production of closures manufactured from sugar cane-derived resin. The closure itself is a 38 mm three-start design with a PE liner for use on HDPE bottles.
In Sept 2022, Berry launched a fully accredited child-resistant (CR) complete-pack solution for liquid healthcare products. This pack comprises Berry's pharma round PET bottle, together with its child-resistant closures (CRC) PP28 Medi-Locยฎ CRC and TE (tamper-evident) CRC, which can be fitted with a variety of specified liners.
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐
Berry Global Inc.
Amcor Plc
Bericap GmbH and Co KG
Silgan Plastics
Aptar, Inc.
Mold-Rite Plastics, LLC
O. Berk Company
UNITED CAPS
Pano Cap
Phoenix Closures, Inc.
Hicap Closures Co., Ltd
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐๐ฉ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก
By Product Type:
Screw-on Caps
Dispensing Caps
Caps with Handles
Push-pull Caps
Others
By Material:
PET
PP
HDPE
LDPE
Others
By Packaging:
Packet/Sachets
Bottles
Tubes
Others
By End-use Industry:
Food & Beverages
Pharmaceuticals
Agrochemicals
Personal Care & Cosmetics
Homecare & Toiletries
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8085?PS
๐๐จ๐ซ๐ ๐๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ง ๐๐๐๐๐ซ
Fact.MR, in its new offering, presents an unbiased analysis of the plastic caps market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of product type (screw-on caps, dispensing caps, caps with handles, push-pull caps, others), material (PET, PP, HDPE, LDPE, others), packaging (packet/sachets, bottles, tubes, others), and end-use industry (food & beverages, pharmaceuticals, agrochemicals, edible oil, personal care & cosmetics, homecare & toiletries, others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania, and the Middle East & Africa).
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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