Global Plastic Caps & Closures Market – Size, Outlook, Trends and Forecast (2024

Global Plastic Caps & Closures Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Packaging is the process of protecting the product from environmental issues and allowing the product to travel safely for longer distances. Plastic refers to chain-like molecules which are linked together and can deform without breaking. These plastics are derived from the materials which are naturally available such as oil, mineral, coal, natural gas, and plants. Caps and closures help in the process to extend the shelf life of the products and providing a barrier to dirt, moisture, and oxygen. The benefits related to plastic caps and closures include lightweight, durable, easily shaped and inexpensive.

Global Plastic Caps & Closures Market Size & Growth:

The Global Plastic Caps & Closures Market size is projected to reach approximately $ XX Billion by the end of 2024 with a CAGR close to X% from $XX Billion in 2018 during the forecast timeline 2018-2024. The Key factors that drive the growth of the market include increasing consumption of ready-to-drink beverages, increasing disposable incomes, better availability of resins and machinery, raising demand for bottled water and others. Major restraints for plastic caps & closures market include fluctuation in raw material prices and increasing regulations on usage of pet bottles in pharmaceutical industries and others.

Growth in demand from packaging industry owing to manufacturing eco-friendly caps & closures with the use of natural ingredients and recycling process will increase the market for caps and closures. On the other hand, Consumers are becoming more health-conscious, and the demand for the healthy beverages is on the rise along with raising personal incomes have

Global Plastic Caps & Closures Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

made bottled water a more accessible convenience for the individuals and is boosting factor for the growth of caps and closures market.

Global Plastic Caps & Closures Market Share:

Various parameters divided into the Global Plastic Caps & Closures market. By the Raw Material, the caps & closures market was segmented into polypropylene, polystyrene, polyethene, polyvinyl chloride and others. Among them, polyethene has the largest market share during the forecast period owing to its effective and substantial usage in consumer products. By the Cap Type, the caps & closures market were categorised divided into screw closures, push-pull closure, snap closures, dispensing cups and others. Among them screw caps has the largest market share during the forecast period owing to its lightweight, cost-effective and can be used to package various types of products. By the End-User, they are divided into food, beverages, pharmaceuticals, cosmetics & personal care, household and others. Among them, beverages have the largest market during the forecast period owing to raising consumer demand for beverage products such as carbonated soft drinks, bottled water & bear along with growing demand for quality & safe products. By Geography, Asia-Pacific has the largest market share owing to increase in consumer incomes has led to growth in demand for good-quality packaged food in that region. South America region is expected to have highest CAGR during the forecast period.

Global Plastic Caps & Closures Market Trends:

United Caps continuous growth with Dutch acquisition to offer 28mm caps for reusable glass bottles and for disposable PET bottles which were

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Global Plastic Caps & Closures Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

a part of its comprehensive growth strategy.

Guala Closures is proud to present the first aluminium smart NFC closure dedicated to the wineries allowing them to start a one-to-one relationship with their end customers.

Berk Company LLC has developed child resistant strap caps hinged closure with white 28mm white rib side pp charcoal light fluid closure plug seal.

Global Plastic Caps & Closures Market Research Reports:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Identify the latest developments, market shares and strategies that are employed by the major market players, such as

RPC Group PLC
Guala Closures Group
Albea Group
Closure Systems International, INC
Beri Cap GmbH Co., & KG

Along with these companies, there were many other companies considered/cited in the report while analysing the Global Plastic Caps & Closures market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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