The market of Global Plastic Caps and Closures Market is expected to grow rapidly over the planned period. The 2018-2025 forecast period is expected to be excellent for the Plastic Caps and Closures market. The number of users is increasing every day, with increasing values for sales, imports, exports, income and CAGR. Regionally, this report categorizes the production, apparent consumption, export and import of Plastic Caps and Closures in North America, Europe, China, Japan, Southeast Asia and India. This report provides in depth study of “Plastic Caps and Closures market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Plastic Caps and Closures market has a large share in the Plastic Caps and Closures region. In addition, market growth has also been driven by the presence of leading companies. The growing number of e-commerce platforms in different countries has led businesses to adopt different tools to improve customer experience. Market growth has also been driven by increasing internet penetration and extensive use of social media platforms.
The Global Plastic Caps and Closures Market is expected to reach USD 51.96 billion by 2025, from USD 38.87 billion in 2017 growing at a CAGR of 5.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Plastic Caps and Closures Market, By Product Type (Screw-On Caps, Dispensing Caps, Others), Container Type (Plastic, Glass), Technology (Injection Molding, Compression Molding, Post-Mold Tamper-Evident Band), Raw Material (HDPE (Polyethylene), LDPE (Polyethylene), PP (Polypropylene), Others), End-Use Sector, Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
The global plastic caps and closures market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spray adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In, July 2018, UNITED CAPS opened new manufacturing plant for closures and caps in Dinnington, Rotherham, U.K.. This will provide customers with access to expert resources at its Messia research and development (R&D) facility.
Key Market Competitors: Global Plastic Caps and Closures Market
The key players operating in the global plastic caps and closures market are –
- Berry Global
- Crown Holdings
- Silgan Holdings
- RPC Group
The other players in the market are Bericap, Aptargroup, Closure Systems International, Coral Products, O.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 among others.
- Product modernization to aid product differentiation and branding
- Rising demand for smaller sized packs
- Demand from small and medium scale end-users
- Lightweight and cost-effective stand-up pouch packaging alternatives
- Regulations of environmental degradation on manufacturers and charging taxes
- Substitute products availability
Reasons to Purchase this Report
- Current and future of Plastic Caps and Closures market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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By Product Type
- Screw-On Caps
- Dispensing Caps
By Container Type
- Injection Molding
- Compression Molding
- Post-Mold Tamper-Evident Band
By Raw Material
- HDPE (Polyethylene)
- LDPE (Polyethylene)
- PP (Polypropylene)
By End-Use Sector
- Personal & Homecare
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