Global Plastic Caps and Closures Market, By Product Type (Screw-On Caps, Dispensing Caps, Others), Container Type (Plastic, Glass), Technology (Injection Molding, Compression Molding, Post-Mold Tamper-Evident Band), Raw Material (HDPE (High Density Polyethylene), LDPE (Low Density Polyethylene), PP (Polypropylene), Others), End User (Beverages, Food, Pharmaceuticals, Personal and Homecare, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Plastic caps and closures market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 5.60% in the above-mentioned forecast period.
Plastic caps and closures are basically the final components of the packaging process. They play a key role in enhancing the aesthetics and functionality of the products and represent one of the most important parts of the entire process on which the product integrity depends upon.
The factors such as rise in demand for bottled water, increase in disposable income levels of consumers in emerging economies, growing need for convenience and concerns regarding product security and safety are driving the growth in the market value. Moreover, high demand from food and beverages and chemical industries along with growing caps and closures application in home care products and cosmetics industries, increasing demand for smaller sized packs and product differentiation and branding and decreasing package sizes further induce the demand for the market. However, the presence of product substitute and rising concerns regarding biodegradability and carcinogenicity of plastics will create hindrances for the market growth rate.
The thriving childcare products demand, extensive research ad development activities and various emerging economies generate profitable opportunities for the growth of the market. The attendance of matured Markets in developed regions are expected to challenge for the market’s growth rate.
This plastic caps and closures market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on plastic caps and closures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plastic Caps and Closures Market Scope and Market Size
Plastic caps and closures market is segmented on the basis of product type, container type, technology, raw material and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the plastic caps and closures market is segmented into screw-on caps, dispensing caps and others.
- Based on container type, the plastic caps and closures market is segmented into plastic and glass.
- On the basis of technology, the plastic caps and closures market is segmented into injection molding, compression molding and post-mold tamper-evident band.
- Based on raw material, the plastic caps and closures market is segmented into HDPE (high density polyethylene), LDPE (low density polyethylene), PP (polypropylene) and others.
- The end user segment for plastic caps and closures market is segmented into beverages, food, pharmaceuticals, personal and homecare and others.
Plastic Caps and Closures Market Country Level Analysis
The plastic caps and closures market is analyzed and market size insights and trends are provided by product type, container type, technology, raw material and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific is estimated to dominate the plastic caps and closures market and will continue to flourish its trend of dominance during the forecast period due to increasing demand in the beverages industry for products such as alcoholic beverages and carbonated drinks in the region. North America is projected to show lucrative growth due to rising consumption of liquor amongst the population in this particular region.
The country section of the plastic caps and closures market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastic aps and closures Market Share Analysis
The plastic caps and closures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plastic caps and closures market.
Some of the major players operating in the plastic caps and closures market report are Bericap, Aptargroup Inc., Amcor plc, Closure Systems International, Coral Products (Mouldings) Ltd, O.Berk, United Caps, Caps & Closures, Caprite Australia, Pano Cap, Plastic Closures Limited, RPC Bebo, Phoenix Packaging, Capandseal, Silgan Holdings Inc., Alupac, Hicap Closures Co. Ltd., and MJS Packaging among others.