The global plastic caps and closure market reached USD 38.8 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Plastic caps and closures are used in product packaging to protect the content from dust, spillage, contamination and evaporation. They are durable, recyclable, easy-to-use and enable easy transportation of products from the manufacturing units to the consumers. The design and type of plastic used in the production of caps and closures vary depending on the product. For instance, packaging for chemical products is generally fitted with child-resistant closures to prevent easy opening. Plastic caps and closures are widely employed in the pharmaceutical, personal care and cosmetics industries across the globe.
Some of the major players operating in the industry include Berry Global Group, Inc. (BERY), Amcor (NYSE: AMCR), Crown Holdings (NYSE: CCK), Silgan Holdings, RPC Group, Bericap, AptarGroup, Inc, 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 and MJS Packaging.
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The increasing utilization of plastic caps and closures in the food and beverage (F&B) industry for providing protection and increasing the shelf-life of the product represents one of the primary factors driving the global plastic caps and closure market growth. Apart from this, they are also extensively employed in industries such as healthcare and chemical, which is boosting their overall sales. Moreover, manufacturers are focusing on introducing innovative packaging solutions, such as flexible packaging, which is further adding to the market growth.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/plastics-caps-closure-market
Market Breakup by Product Type
- Screw-On Caps
- Dispensing Caps
Market Breakup by Raw Material
Market Breakup by Container Type
Market Breakup by Technology
- Injection Molding
- Compression Molding
- Post-Mold Tamper-Evident Band
Market Breakup by End-Use
- Industrial Chemicals
- Household Chemicals
Market Breakup by Region
- Asia Pacific
- North America
- Latin America
- Middle East and Africa
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