Press release
Plastic Caps And Closures Market 2023 : Trends, Business Growth And Major Driving Factors | Berry Global Inc., Guala Closures Group, BERICAP, O.Berk Company, United Caps, Caps & Closures Pty Ltd
Plastic Caps And Closures Global Market Report
The Business Research Company's Plastic Caps And Closures Global Market Report 2023 identifies the 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 market size of global plastic caps and closures is expected to grow to $93.56 billion in 2027 at a CAGR of 13.9%.
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Major players in the plastic caps and closures market are 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.
A key trend in the Plastic Caps And Closures market includes the Key players operating in the plastics caps and closures market are focusing on developing and launching innovative products to meet the sustainability targets set by governing bodies across the globe.
Read More On The Global Plastic Caps And Closures Market Report Here:
https://www.thebusinessresearchcompany.com/report/plastic-caps-and-closures-global-market-report
The Plastic Caps And Closures market is segmented -
1) By Product Type: Screw Caps, Dispensing Caps, Other Product Types
2) By Materials: Polypropylene, Polystyrene, Polyethylene, Other Materials
3) 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.
The Business Research Company's "Global Plastic Caps And Closures Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
27. Plastic Caps And Closures Market Competitive Landscape And Company Profiles
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
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