Plastic Caps and Closures Market 2017 To 2023 Global Analysis by Manufacturers, Suppliers and Traders, Storage Technology, Future Plans and Growth Prospective

“Plastic Caps and Closures Market”
Plastic caps and closures Market Research Report 2018 published By Market Research Future, provides information on Global Plastic caps and closures Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation – By Raw Material (Polypropylene, Polyethylene, Polystyrene, Other Resins), By Product Type (Screw Caps, Dispensing Caps And Other Plastic Caps), By End-use (Food & Beverage, Pharmaceutical, Others) And Region.

Plastic caps & closures market is expected to reach the market size of ~USD 61.71 billion by the end of the forecast period with CAGR of ~5.2% between 2017 and 2023. 

Plastic caps and closures market is driven by various factors such as increased consumption of processed foods & beverages, innovation in plastic packaging, and the reusability of Plastic. The higher disposable income in these developing countries has increased their purchasing power. As a result, the market has been impacted, positively. However, plastic caps & closures market faces restraints such as fluctuating raw material prices and stringent regulations on packaging material waste and recycling, which hinder the market growth.

Taste the market data and market information presented through more than 45 market data tables and 35 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Plastic Caps & Closures Report -Forecast to 2023”.

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Caps & Closures are an important part of packaging and containers such as bottles, cans, tubes, stand-up Pouches and others. Often, they do not only serve to open the container, but also offer the option to reseal it. The market for plastic caps and closures is profiting substantially from an increasing use of packaging. Moreover, rising demand for bottled water and smaller packaging sizes will provide stimuli to the growth in the future. The quality of plastic caps & closure market is improving continuously, thus providing better access to the contents of the pack with such caps and closures.

Plastic caps and closures are by far the largest industry segment and are benefitting more from the higher use of metal and glass containers than the traditionally used materials in many food and beverage applications. Caps and closures help in the process of extending shelf-life of products and providing barrier to dirt, moisture, and oxygen. In addition, the trend of moving from unpacked goods to packed goods in developing countries such as India and China is increasing the demand for caps & closures. In addition, technological improvements have enabled certain plastic closures to replace metal closures on glass food containers. Such packaging material is used for consumer products and in industrial applications, to enable protection, marketing, and distribution of a variety of products.

Plastic caps & closures market is expected to reach the market size of ~USD 61.71 billion by the end of the forecast period with CAGR of ~5.2% between 2017 and 2023. 

Key Players: 

The major player operating in the market of global plastic caps & closures are RPC Group Plc (UK), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (UK), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).

Industry/ Innovation/ Related News:

The key strategies followed by most companies within the global Plastic Caps & Closures market are that of new product development.

On December 2017, RPC Zeller Plastik Zell has innovated its screw-on Classic range of polypropylene hinge tube closures (HTC) with the addition of a 25mm size, available with a matt finish. The new closure will enable brand manufacturing using a single closure design.

On December 2017, Crown Holdings has acquired Signode Industrial Group Holdings which will provide an additional portfolio of premier transit and protective packaging franchises to our existing metal packaging business

On Dec 2013, Amcor Rigid Plastics has expanded the use of its unique roll-on pilfer-proof (ROPP) finish design for aluminum screw-cap PET bottles. Amcor has a strong position in the wine market with aluminum screw-cap containers and has now extended its ROPP with new 1.75L and 750ml stock PET bottles that offer light weight and smooth conversion from glass.

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Plastic Caps & Closures Market – Segmentation

The global Plastic Caps & Closures market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Raw Material: Comprises Polypropylene, Polyethylene, Polystyrene, Other Resins

Segmentation by Product Type: Comprises Screw Caps, Dispensing Caps and Other Plastic Caps

Segmentation by End-use: Comprises Food & Beverage, Pharmaceutical, Others

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Regional Analysis:

On the basis of geography, the market has been segmented as North America, Europe, Asia Pacific and RoW. Geographically, Asia Pacific dominates the global plastic caps & closures packaging market with the largest market share. As caps & closures are used widely in various industries, such as food& beverages, and healthcare, the market has been witnessing major growth, to become a large market for these packaging solutions. Moreover, increase in consumer income has led a growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of plastic caps & closures products.

The report for Global Plastic Caps & Closures Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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