The latest report by IMARC Group, titled “Plastic Caps and Closures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, Offers a comprehensive analysis of the industry, which comprises insights on Plastic Caps and Closures Market Trends
Plastic Caps and Closures Market Overview:
The global plastic caps and closure market reached a value of US$ 43.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 59.0 Billion by 2027, exhibiting at a CAGR of 5.32% during 2022-2027. Plastic caps and closures are the final components upon which the product integrity depends. They are composed of raw materials, such as polyethylene terephthalate (PET), polypropylene (PP), and low- and high-density polyethylene (LDPE/HDPE). Plastic caps and closures are economical, resistant to high temperatures, lightweight, and durable. As a result, they are primarily used to protect the contents from contamination, spoilage, and other environmental factors. They also help enhance the aesthetics and functionality of the products and ensure convenient handling during transportation, thus making them the most crucial part of the packaging process. Consequently, they are used extensively in the cosmetics, food and beverage (F&B), pharmaceutical, and consumer goods sectors.
Plastic Caps and Closures Market Trends:
The burgeoning demand for plastic caps and closures due to their significant advantages over other materials, such as metal and rubber, is one of the primary factors driving the market growth. In line with this, key manufacturers are using advanced technologies to manufacture plastic cups and closures to enhance product functionality and aesthetic appeal, which is accelerating the market growth. Moreover, the rising utilization of plastic caps and closure in the packaging of various household and disinfectant goods, such as bleaches, toilet cleaners, and insect repellents, are supporting the market growth. The COVID-19 pandemic has further had a positive impact on the market growth due to the escalating demand for sand sanitizers. Other factors, such as the increasing demand for packaged alcoholic drinks, water, and non-carbonated beverages, the surging consumer expenditure power, and easy product availability in different shapes and sizes to fit end-user requirements and create brand recognition, are creating a positive outlook for the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.Report FeaturesDetailsBase Year of the Analysis2021 Historical Period2016-2021Forecast Period2022-2027UnitsUS$ BillionSegment CoverageProduct Type, Raw Materials, Container Type, Technology, End-Use, Region
- Berry Global
- Crown Holdings
- Silgan Holdings
- RPC Group
- AptarGroup, Inc
- Closure Systems International
- Coral Products
- 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.
Breakup by Product Type:
- Screw-On Caps
- Dispensing Caps
Breakup by Raw Material:
Breakup by Container Type:
Breakup by Technology:
- Injection Molding
- Compression Molding
- Post-Mold Tamper-Evident Band
Breakup by End-Use:
- Industrial Chemicals
- Household Chemicals
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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