Plastic caps and closures are used to provide sealing to containers and bottles. It provides numerous advantages such as durability and flexibility which in turn has expanded its application across various industries such as food & beverages, cosmetics, pharmaceuticals, household items, and personal care. It further offers protection from corrosion and is economical, versatile, lightweight, which in turn is boosting the product demand.
Plastic caps and closures provide a shield the packed item from dirt, oxygen, and moisture, and further safeguard the product from undesired opening. It is primarily used across the packaging industry in order to preserve products and extending shelf life. Furthermore, Caps and closures industry utilizes multiple materials to develop suitable packaging for different types, including metals, plastics, and rubber.
.png "Global Plastic Caps & Closures Market 2018-2025 (USD Billion)")
The primary function of the packaged item is to extend shelf life of food & beverages along with enhancing the packaged product capability to sustain flavor, taste & odor for a long time. Ongoing development across the industry to develop eco-friendly caps and closures through the utilization of the recycling process and natural ingredients is stimulating the business landscape.
Key segments across Plastic Caps & Closures market
- Type Overview, 2018-2025, (USD Billion and billion units)
- Dispensing Caps
- Closures
- Screw Caps
- End-User Overview, 2018-2025, (USD Billion and billion units)
- Food & Beverages
- Pharmaceutical
- Personal Care
- Others
- Material Overview, 2018-2025, (USD Billion and billion units)
- Polyethylene
- Polystyrene
- Polypropylene
- Others
- Regional Overview, 2018-2025, (USD Billion and billion units)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
- North America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Plastic Caps & Closures industry. Benchmark yourself against the rest of the market.
- Be prepared for how investments across the industry will be impacted by socio-political and economic factors over the next few years
- Ensure you remain competitive as new innovations by existing key players boost the market.
What does the report include?
- The study on global Plastic Caps & Closures includes qualitative factors such as drivers, restraints, and opportunities.
- The study covers the competitive landscape of existing/prospective players in the industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented on the basis of type, end-user, and material. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global Plastic Caps & Closures industry. The report will benefit:
- Every stakeholder involved in manufacturing and distributing components or solutions.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global Plastic Caps & Closures industry.
- Government organizations, regulatory authorities, policymakers, and financial organizations looking for T&D investment trends in the global Plastic Caps & Closures industry.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Growing demand for bottled water along with rising concerns about product characteristics is positively influencing the industry landscape. In addition, the growing demand for packaged carbonated drinks such as juices, milk is fueling the product demand. Although, ongoing development of substitutes coupled with mature market in developed markets has hampered the industry growth. However, ongoing innovation activities to boost product capabilities along with rising industry efforts to develop eco-friendly product is reinforcing the industry growth. Moreover, rising middle class income coupled with ongoing product penetration across developing countries is poised to complement the business outlook over the forecast timeline.
Type Segment
On the basis of the type segment, the market is categorized dispensing caps, closures, and screw caps. Screw caps segment dominates the global Plastic Caps & Closures market in 2018 and is anticipated to dominate the industry for the forecast period 2019-2025.
End-User Segment
Plastic Caps & Closures market is segmented into food & beverages, pharmaceutical, personal care, and others on the basis of end-user. In this segment, food & beverage segment is anticipated to hold a substantial share in the coming years.
-2018-2025-(USD-Billion).png "Global Plastic Caps & Closures Market by End-User (Food & Beverages) 2018-2025 (USD Billion)")
Material Segment
On the basis of application segment, the market is segmented into polyethylene, polystyrene, polypropylene, and others. The polypropylene segment is analyzed to hold a significant share across the regions.
Europe is expected to experience the significant growth over the forecast period. The steady growth owing to rising demand for lightweight and environmentally friendly product in across the consumer goods and food & beverage industry is stimulating the industry size in the region. Furthermore, government and regulatory bodies are promoting adoption of recyclable products, which in turn is fueling the paper demand. The recent boost by the government authorities to develop sustainable material will further complement the industry size over the forecasted timeline.
The major players operating across the global Plastic Caps & Closures market include Silgan Holdings Inc., Comar LLC, Global Closure Systems, AptarGroup, TriMas, and Alcoa Corporation including others. The industry for Plastic Caps & Closures is integrated with the participation of established global players across the globe. In addition, these companies are focusing on expanding their footprint through implementation of inorganic as well as organic strategies which in turn is proliferating the business outlook.