Cost effectiveness coupled with the increasing product from developing countries will stimulate the global Plastic Caps & Closures industry
The global Plastic Caps & Closures market size is anticipated to expand over USD 50 billion by 2025. Plastic caps and closures provide sealing to the plastic, glass or cane containers and bottles. It offers several advantages, including durability, transparency, shape and design flexibility which has extended its application across multiple industries such as food & beverages, pharmaceuticals, and household items. It further safeguards the packed product from external factors such as dirt, moisture, contamination which in turn is driving the industry size.
Rising concerns regarding safety and quality of the products for cosmetics, pharmaceutical, food and beverage industry are stimulating the industry size. Furthermore, growing penetration of the e - commerce industry across developing as well as developed country is boosting the product demand. Rising population across the globe, coupled with changing lifestyle of consumers is escalating the industry share.
The report also throws light on various aspects of the global Plastic Caps & Closures industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the Plastic Caps & Closures industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The Plastic Caps & Closures market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The Plastic Caps & Closures market are categorized into food & beverages, pharmaceutical, personal care, and others on the basis of the end-user. The food & beverage segment is expected to expand at a growth rate of around 7% over the forecast period on account of rising demand from the industry.
In 2018, Asia Pacific is analyzed to hold a major share in terms of regional size, and is projected to witness the same pattern over the forecast timeframe. Rising industry players focus toward establishment of production facilities owing to a high demand from the region. Easy and quick availability of raw material coupled with cheap labor cost is further driving the investment in the region. In addition, the growing population index along with increasing disposable income, in turn, is positively impacting the industry landscape.
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.
Segment overview of Plastic Caps & Closures market
- Type Overview, 2018-2025, (USD Billion and billion units)
- Dispensing Caps
- Screw Caps
- End-User Overview, 2018-2025, (USD Billion and billion units)
- Food & Beverages
- Personal Care
- Material Overview, 2018-2025, (USD Billion and billion units)
- Regional Overview, 2018-2025, (USD Billion and billion units)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- North America