Plastic Caps & Closures Market 2018-2023 | Major Players - RPC Group Plc (UK), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (UK) And Many More

Market Research Future published a research report on “Plastic Caps & Closures Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Plastic Caps & Closures Market, By Raw Material (Polypropylene, Polyethylene, Polystyrene, Other Resins), By Product Type (Screw Caps, Dispensing Caps And Other Plastic Caps), By End-use (Food & Beverage, Pharmaceutical, Others) And Region - Forecast 2017-2023.

Global Plastic Caps & Closures Market To Accrue USD ~ 61.71 Billion by 2023 posting~5.2% of A CAGR

Market Highlights:

Caps and closures are also used for product differentiation and brand building. In addition to food, drink and cosmetics packaging, they are used for the production of closures for industrial packaging, medicine packaging and the packaging of everyday items. They are generally made of metal, plastic, rubber, or combinations of these materials, plastic being one of the most preferred materials. Some other types of caps and closures are threaded caps, hinged caps, roll-on closures, twist-off closures, stoppers, corks, dispensing closures, lug caps, canning lids, and wine and spirit closures. However, the primary purpose of plastic caps & closures to maintain safety and wholesomeness of products, makes it so preferred.

The impact of packaging waste on the environment can be minimized by prudently selecting materials by following the guidelines, and reviewing expectations of packaging in terms of environmental impact. Knowledgeable efforts by the industry will promote continued improvement, and an understanding of the functional characteristics of packaging will push the market towards growth. Plastic caps & closures market is expected to reach the market size of ~USD 61.71 billion by the end of forecast period with CAGR of ~5.2% during the forecast period. Closures and caps become imperative for packaging industry, which is serving as the driving factor for the industry. In terms of applications and end-use, beverages are expected to remain the largest segment of the industry. However, pharmaceuticals market is poised to witness strong growth during the forecasting period.

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The Global Plastic Caps & Closures Market is driven by some of the leading players operating in the market including RPC Group Plc. (UK), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (UK), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany). With their sedulous work these fervent players are constantly bringing up novelties in Plastic Caps & Closures. Acknowledging their contribution, MRFR has profiled them in their Analysis.

Market Research Future Analysis:

Market Research Future analysis shows that the global market of plastic caps & closures market is estimated to reach the value of USD 61.71 billion by the end of the year 2023. Caps and closures industry uses different type of materials to construct suitable product packaging, such as plastics, metals, rubber, and paperboard. Plastic is chemically resistant, inexpensive and lightweight with a wide range of physical and optical properties. In fact, many plastics are heat sealable, easy to print, and can be integrated into production processes where the package is formed, filled, and sealed in the same production line. It is driven by the adoption of smaller bottles in several beverage markets and a positive outlook for pharmaceuticals. Geographically, Asia Pacific is leading the market of Plastic Caps & Closures. With the increasing popularity toward packaged food in countries such as India and China, the demand for plastic caps & closures is anticipated to grow, significantly. Growing purchasing power, disposable income, and rise in manufacturing activities and growth in the demand for conveniently packaged products, have resulted in an increase in demand for plastic caps & closures market. The North America and Western Europe are expected to register a moderate growth rate owing to the saturation of end use markets in the regions.

Industry/Innovation/Related News:

27-Sep-2017 - United Caps/ Caps United (Wiltz, Luxembourg, Europe) a global provider of innovative Caps & Closure, announced its plans to launch a new version of its ProSpring closure for sports drinks in early 2018 to enter new markets such as Germany following the success the cap had in the UK and other parts of Europe.

On 17 Oct, 2017 the Company announced that it is taking over the plastic closures division of Closures4you. The takeover offer includes 28 mm caps for re-usable glass bottles and for disposable PET bottles. This latest acquisition is part of UNITED CAPS’ comprehensive growth strategy.

In June 2017, the company announced the takeover of cap and closure manufacturer Dewit Plastics. In the case of Closures4you, the plan is to ensure future market supply from the UNITED CAPS plant in Schwerin. The takeover will make available capacity for a new closure design to replace some previous closures. To ensure a smooth transition in terms of customer supply, Closures4you will make its closure capacities available through the end of March 2018. With this strategic step, UNITED CAPS is driving forward the modernisation of its product portfolio

Plastic Caps & Closures Global Market - Segments

For the convenience of the report and enhanced understanding; MRFR has segmented the Plastic Caps & Closures Market in to 4 key dynamics.

Segmentation by Raw Material : Comprises Polypropylene, Polyethylene, Polystyrene, and other Resins.
Segmentation by Product Type : Comprises Screw Caps, Dispensing Caps and other Plastic Caps.
Segmentation by End Use : Comprises Food & Beverage, Pharmaceutical, and others.
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Plastic Caps & Closures Global Market - Regional Analysis

On the basis of geography, the market has been segmented as North America, Europe, Asia Pacific and RoW. Geographically, Asia Pacific dominates the global plastic caps & closures packaging market with the largest market share.

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Table Of Contents :

1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Plastic Caps & Closures Market By Raw Material
5.1 Polypropylene
5.2 Polyethylene
5.3 Polystyrene
5.4 Other Resins
6 Global Plastic Caps & Closures Market, By Product Type
6.1 Screw Caps
6.2 Dispensing Caps
6.3 Other Plastic Caps
7 Global Plastic Caps & Closures Market, By End-use
7.1 Food & Beverages
7.2 Pharmaceuticals
7.3 Others
8 Global Plastic Caps & Closures Market, By Region
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 Rest Of The World
9 Competitive Landscape
10 Company Profile (Company Overview, Products/services Offering, Financial Overview, Key Developments, Strategy And Swot Analysis )
10.1 Rpc Group Plc. (U.k)
10.2 Reynolds Group Holdings Limited (New Zealand)
10.3 Crown Holdings Inc. (U.s.)

10.4 Amcor Limited (Australia)
10.5 Rexam Plc (U.k.)
10.6 Berry Plastics Corporation (U.s.)
10.7 Silgan Holdings Inc. (U.s.)
10.8 Aptargroup Inc. (U.s.)

10.9 Guala Closures Group (Italy)
10.10 Bericap Gmbh Co. & Kg (Germany).

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