Plastic Caps and Closure Market is expected to reach USD 101.66 Bn by 2030, as per Maximize Market Research

Plastic Caps and Closure Market is expected to grow at a CAGR of 5.3% during the forecast period and is expected to reach US$ 101.66 Bn by 2030.

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Plastic Caps and Closure Market Dynamics

Due to the fragility and high cost of glass, there is a declining demand for glass bottles globally, with plastic bottles and containers increasingly replacing them. PET bottles are favored over glass because they are easier to transport over long distances and are less likely. These plastic bottles are primarily used for packaging carbonated soft drinks, bottled water, juices, and other ready-to-drink beverages. The rising demand for these products in emerging economies is expected to boost the plastic caps and closures market in the coming years. Additionally, plastic caps and closures are utilized in various industries, including cosmetics and personal care, household products, food, and chemicals, further driving demand across multiple sectors.

Plastic Caps and Closure Market Regional Analysis

The Asia Pacific plastic caps and closure market is expected to experience the highest CAGR during the forecast period. This growth is driven by ongoing enhancements in government budgets, a rise in building code standards, a favorable demographic outlook with a growing population and increasing per capita income, and the expanding food and beverage industry in the region. Consequently, these factors are significantly contributing to the growth of the plastic caps and closure market in Asia Pacific, with other regions also playing a role in the market's expansion.

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Plastic Caps and Closure Market Scope

Market Size in 2023 USD 70.82 Bn.
Market Size in 2030 USD 101.66 Bn.
CAGR 5.3% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

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Plastic Caps and Closure Market Segmentation

by Product Type

1. Screw-on Caps
2. Dispensing Caps

by Technology

1. Injection Molding
2. Compression Molding
3. Post-mold TE Band

by Raw Material

1. PP
2. HDPE
3. LDPE
4. Plastic

by Container Type

1. Glass

by End-use Sector

2. Beverages
3. Food

Plastic Caps and Closure Market Key Players

1. Berry Group
2. Crown Holding
3. AptarGroup
4. Amcor
5. Coral Products
6. Closure Systems International
7. BERICAP
8. Silgan Holdings
9. RPC Group
10. United Caps
11. Caps & Closures Pty Ltd
12. Caprite Australia Pty. Ltd
13. Pano Caps

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-plastic-caps-and-closure-market/17410/

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