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 (Polyethylene), LDPE (Polyethylene), PP (Polypropylene), Others), End-Use Sector, Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Plastic Caps and Closures Market
The Global Plastic Caps and Closures Market is expected to reach USD 51.96 billion by 2025, from USD 38.87 billion in 2017 growing at a CAGR of 5.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Plastic Caps and Closures Market
Plastic caps and closures are powerful fixing gadgets for jugs and holders. Adaptability, strength, and adaptability managed by plastic combined with its sparing generation rate settle on it a suitable decision for bundling. The viability against altering of items acts for caps and closures as a bundling technique. They are use in various industries including beverages, food, pharmaceuticals, personal & homecare and others. According to The State of the Specialty Food Industry, food industry continues to grow at a strong clip with dollar sales hit USD 127.0 billion, a 15.0% jump in total sales between 2014 and 2016. Furthermore, According to International Trade Administration, in 2015, Australia’s total personal care and cosmetics market is estimated at USD 3.4 billion, with over 70.0% of all consumption imported. Through 2018 there are good prospects for Australia’s personal care and cosmetics markets, with the overall market conservatively estimated to grow by 4.0% per annum in 2017 and 2018. Thus increasing demand from end-user is driving factor for the plastic caps and closures.
- Product modernization to aid product differentiation and branding
- Rising demand for smaller sized packs
- Demand from small and medium scale end-users
- Lightweight and cost-effective stand-up pouch packaging alternatives
- Regulations of environmental degradation on manufacturers and charging taxes
- Substitute products availability
Segmentation: Global Plastic Caps and Closures Market
By Product Type
- Screw-On Caps
- Dispensing Caps
By Container Type
- Injection Molding
- Compression Molding
- Post-Mold Tamper-Evident Band
By Raw Material
- HDPE (Polyethylene)
- LDPE (Polyethylene)
- PP (Polypropylene)
By End-Use Sector
- Personal & Homecare
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- United Arab Emirates
- Rest of Middle East & Africa
Competitive Analysis: Global Plastic Caps and Closures Market
The global plastic caps and closures market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spray adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In, July 2018, UNITED CAPS opened new manufacturing plant for closures and caps in Dinnington, Rotherham, U.K.. This will provide customers with access to expert resources at its Messia research and development (R&D) facility.
Key Market Competitors: Global Plastic Caps and Closures Market
The key players operating in the global plastic caps and closures market are –
- Berry Global
- Crown Holdings
- Silgan Holdings
- RPC Group
The other players in the market are Bericap, Aptargroup, Closure Systems International, Coral Products, O.Berk Company, LLC, United Caps, Caps & Closures Pty Ltd, Caprite Australia Pty. Ltd, Pano Cap (Canada) Limited, Plastic Closures Limited, Cap & Seal Pvt. Ltd, Phoenix Closures, Alupac India, Hicap Closures, MJS Packaging among others.
Research Methodology: Global Plastic Caps and Closures Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global plastic caps and closures market
- Analyze and forecast the plastic caps and closures market on the basis of product type, container type, technology, raw material and end-use sector.
- Trends of key regional and country-level markets for product type, container type, technology, raw material and end-use sector.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis