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From 2023 to 2030, the global market for plastic caps & closures is expected to expand at a rapid clip. As stated in the study, by 2023 the global market is expected to be worth more than US$ 45,913.9 million. By 2033, its value is projected to rise to $76,953.11 million. From 2023 to 2030, the market is expected to grow at a significant CAGR of 6.3%.
In both the caps & closures business and the wider packaging industry, plastic is by far the most common raw material. Plastic caps and closures are seeing heavy investment from manufacturing businesses and factories as the demand for a more durable and cost-effective choice rises. Although glass, rubber, metal, elastomers, and so on are all used in caps and closures, plastic caps and closures are seeing a significant uptick in demand because of their adaptability in the manufacturing sector and the ability to meet the needs of a wide range of end-user industries.
To name just a few examples of end-user industries that could benefit from plastic caps and closures, we have the food and beverage industry, the medical industry, the personal care industry, the industrial sector, and the home care industry. Beverage companies use plastic caps and closures more than any other industry, therefore they stand to gain the lion's share of the market. The plastic caps and closures' ability to effectively preserve the drinks' original flavor and texture is a key factor fueling the plastic caps and closures industry.
Plastic bottle and container tops and closures are reliable sealants. Plastic is a practical material for packaging because to its low production cost, long lifespan, and malleability. Caps and closures are a preferred type of packaging because of how well they prevent products from being tampered with. A plastic screw closure, which can be easily screwed on and off the container, is another example of a well-engineered product. These fasteners have lugs or continuous threads. Numerous sectors, including the food and beverage, pharmaceutical, home goods, cosmetics, and many more, make use of plastic caps and closures. Closures and caps are the last steps in the packaging process and are ultimately responsible for protecting the contents.
Important drivers for plastic caps & closures include the desire for ease and improved operability. A plastic cap's primary function is to prevent contamination from dirt and bacteria. Plastic caps and closures are less expensive than their metal counterparts. Consumers seek out closures that are simple to use and provide quick access to the product inside. The global plastic caps & closures market is expected to increase as a result of the increasing demand for dispensing closures and pump closures in a wide range of product categories, including body care, skincare, drinks, and liquid food products. Demand for fast-moving consumer goods (FMCG) that emphasize healthier lives is on the rise as the health and wellness movement pivots toward prevention. Consumers want to know that the products they are purchasing are safe and real, so plastic caps & closures that deter contamination, tampering, and counterfeiting are in high demand.
The rising popularity of open packaging formats like pouches and blister packs poses a challenge to the plastic caps & closures industry. Benefits to the packager include lower material costs compared to conventional rigid packaging methods and improved sustainability. Many fast-moving consumer goods companies now use pouches as a convenient packaging innovation. In addition to the already vast array of design opportunities available across all market niches, several additional easy-open and easy-reclose solutions are being introduced. The expansion of the plastic caps & closures industry is hampered by the popularity of alternative materials like metal and cork. Metal closures innovations continue to attract attention and offer ample room for growth in the market. This will likely increase the price differential between plastic and metal caps.
Growth in the plastic caps and closures market is widely attributed to rising consumer desire for more user-friendly and space-saving packaging options. Plastic caps and closures are a growing industry because of rising concerns about product security. The primary market drivers of the plastic caps and closures business include the rising demand for cosmetics and makeup across the developed region, which uses the pump closures and dispensing closures. When customers' financial situations improve, they tend to spend more money on things like cosmetics, skincare, beverages, and healthcare. Such elements are contributing to the expanding plastic caps and closures market.
Plastic tops and fasteners are often seen as harmful to the environment. Plastic caps and closures are a major cause of environmental instability and damage to marine ecosystems. As a result, manufacturers are having trouble complying with the rules set for them. Competition from pouches and other products seen as better suited to the applications is anticipated to reduce the overall demand for plastic caps and closures. These pouches and blister packages, which provide effective packaging while also reducing the cost to produce plastic caps and closures, are seen as the primary factor holding back the industry.
Report Coverage
Global Plastic Caps And Closures research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Plastic Caps And Closures report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Plastic Caps And Closures competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Plastic Caps And Closures market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Plastic Caps And Closures market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Plastic Caps And Closures market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Berry Group (US), Crown Holding (US), AptarGroup (US), Amcor (Australia), Coral Products (UK), BERICAP (Germany), Silgan Holdings (US), O.Berk Company, LLC (US), Guala Closures (Italy), United Caps (Luxembourg), Caps & Closures Pty Ltd. (Australia), Caprite Australia Pty Ltd. (Australia), Pano Cap (Canada) Limited (Canada), Plastic Closures Ltd. (UK), Cap & Seal Pvt. Ltd. (India), Phoenix Closures (US), Alupac India (India), Hicap Closures (China), MJS Packaging (US), J.L. Clark (US), TriMas (US), and Comar, LLC (US), Global Closure Systems (France), Alcoa Corporation (U.S.).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Plastic Caps And Closures market based on the below-mentioned segments:
Global Plastic Caps And Closures Market, By Type
Screw Caps
Dispensing Caps
double-wall closures
twist-on closures
child-resistant closures
Others
Global Plastic Caps And Closures market, By raw material
PP
HDPE
LDPE
PET
PVC
Global Plastic Caps And Closures Market, By End User
Food
Beverage
Healthcare
Cosmetics & toiletries
Automotive
Chemical
Global Plastic Caps And Closures market, Regional Analysis
In both the caps & closures business and the wider packaging industry, plastic is by far the most common raw material. Plastic caps and closures are seeing heavy investment from manufacturing businesses and factories as the demand for a more durable and cost-effective choice rises. Although glass, rubber, metal, elastomers, and so on are all used in caps and closures, plastic caps and closures are seeing a significant uptick in demand because of their adaptability in the manufacturing sector and the ability to meet the needs of a wide range of end-user industries.
To name just a few examples of end-user industries that could benefit from plastic caps and closures, we have the food and beverage industry, the medical industry, the personal care industry, the industrial sector, and the home care industry. Beverage companies use plastic caps and closures more than any other industry, therefore they stand to gain the lion's share of the market. The plastic caps and closures' ability to effectively preserve the drinks' original flavor and texture is a key factor fueling the plastic caps and closures industry.
Plastic bottle and container tops and closures are reliable sealants. Plastic is a practical material for packaging because to its low production cost, long lifespan, and malleability. Caps and closures are a preferred type of packaging because of how well they prevent products from being tampered with. A plastic screw closure, which can be easily screwed on and off the container, is another example of a well-engineered product. These fasteners have lugs or continuous threads. Numerous sectors, including the food and beverage, pharmaceutical, home goods, cosmetics, and many more, make use of plastic caps and closures. Closures and caps are the last steps in the packaging process and are ultimately responsible for protecting the contents.
Important drivers for plastic caps & closures include the desire for ease and improved operability. A plastic cap's primary function is to prevent contamination from dirt and bacteria. Plastic caps and closures are less expensive than their metal counterparts. Consumers seek out closures that are simple to use and provide quick access to the product inside. The global plastic caps & closures market is expected to increase as a result of the increasing demand for dispensing closures and pump closures in a wide range of product categories, including body care, skincare, drinks, and liquid food products. Demand for fast-moving consumer goods (FMCG) that emphasize healthier lives is on the rise as the health and wellness movement pivots toward prevention. Consumers want to know that the products they are purchasing are safe and real, so plastic caps & closures that deter contamination, tampering, and counterfeiting are in high demand.
The rising popularity of open packaging formats like pouches and blister packs poses a challenge to the plastic caps & closures industry. Benefits to the packager include lower material costs compared to conventional rigid packaging methods and improved sustainability. Many fast-moving consumer goods companies now use pouches as a convenient packaging innovation. In addition to the already vast array of design opportunities available across all market niches, several additional easy-open and easy-reclose solutions are being introduced. The expansion of the plastic caps & closures industry is hampered by the popularity of alternative materials like metal and cork. Metal closures innovations continue to attract attention and offer ample room for growth in the market. This will likely increase the price differential between plastic and metal caps.
Growth in the plastic caps and closures market is widely attributed to rising consumer desire for more user-friendly and space-saving packaging options. Plastic caps and closures are a growing industry because of rising concerns about product security. The primary market drivers of the plastic caps and closures business include the rising demand for cosmetics and makeup across the developed region, which uses the pump closures and dispensing closures. When customers' financial situations improve, they tend to spend more money on things like cosmetics, skincare, beverages, and healthcare. Such elements are contributing to the expanding plastic caps and closures market.
Plastic tops and fasteners are often seen as harmful to the environment. Plastic caps and closures are a major cause of environmental instability and damage to marine ecosystems. As a result, manufacturers are having trouble complying with the rules set for them. Competition from pouches and other products seen as better suited to the applications is anticipated to reduce the overall demand for plastic caps and closures. These pouches and blister packages, which provide effective packaging while also reducing the cost to produce plastic caps and closures, are seen as the primary factor holding back the industry.
Report Coverage
Global Plastic Caps And Closures research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Plastic Caps And Closures report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Plastic Caps And Closures competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Plastic Caps And Closures market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Berry Group (US), Crown Holding (US), AptarGroup (US), Amcor (Australia), Coral Products (UK), BERICAP (Germany), Silgan Holdings (US), O.Berk Company, LLC (US), Guala Closures (Italy), United Caps (Luxembourg), Caps & Closures Pty Ltd. (Australia), Caprite Australia Pty Ltd. (Australia), Pano Cap (Canada) Limited (Canada), Plastic Closures Ltd. (UK), Cap & Seal Pvt. Ltd. (India), Phoenix Closures (US), Alupac India (India), Hicap Closures (China), MJS Packaging (US), J.L. Clark (US), TriMas (US), and Comar, LLC (US), Global Closure Systems (France), Alcoa Corporation (U.S.). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Plastic Caps And Closures Market from 2021 to 2030.
- Market Forecast for Plastic Caps And Closures Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Plastic Caps And Closures competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Plastic Caps And Closures
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Plastic Caps And Closures market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Plastic Caps And Closures market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Berry Group (US), Crown Holding (US), AptarGroup (US), Amcor (Australia), Coral Products (UK), BERICAP (Germany), Silgan Holdings (US), O.Berk Company, LLC (US), Guala Closures (Italy), United Caps (Luxembourg), Caps & Closures Pty Ltd. (Australia), Caprite Australia Pty Ltd. (Australia), Pano Cap (Canada) Limited (Canada), Plastic Closures Ltd. (UK), Cap & Seal Pvt. Ltd. (India), Phoenix Closures (US), Alupac India (India), Hicap Closures (China), MJS Packaging (US), J.L. Clark (US), TriMas (US), and Comar, LLC (US), Global Closure Systems (France), Alcoa Corporation (U.S.).
Primary Target Market
- Market Players of Plastic Caps And Closures
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Plastic Caps And Closures market based on the below-mentioned segments:
Global Plastic Caps And Closures Market, By Type
Screw Caps
Dispensing Caps
double-wall closures
twist-on closures
child-resistant closures
Others
Global Plastic Caps And Closures market, By raw material
PP
HDPE
LDPE
PET
PVC
Global Plastic Caps And Closures Market, By End User
Food
Beverage
Healthcare
Cosmetics & toiletries
Automotive
Chemical
Global Plastic Caps And Closures market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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