The global demand for Plastic Caps And Closure Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Plastic caps and closures refer to a covering used to seal or close a container. It is made in the form of a cap, plug, lid, cover, and any other suitable form. Containers and packages are sealed or close to make container lock, leak-proof or close to the environment. The main function of plastic caps and closures is to keep the specified shelf life until the time of opening and act as a barrier to light, moisture or air. PET, PETG, HDPE, and LDPE are most common material used for making caps and closure.
Rising economic growth, demographic and consumer trends are the primary factor driving the growth of the market. Economic and demographic trends are influencing habits, consumption patterns, and consumer trends resulting in increasing demand for more product choice, convenience and packaging. Plastic is extensively used for caps and closures due to lightweight, ease of transportability, flexibility in terms of shape and design. Changing distribution patterns has led to packaging development. Demand for technically more complex closure will rise and reduction in weight will remain declared goal of manufacturer. However, the availability of other packaging alternative and growing environment is hampering the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Plastic Caps and Closure.
The entire Plastic Caps and Closure market has been sub-categorized into product, technology, material, and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Screw-On Caps
- Dispensing Caps
- Polypropylene (PP)
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- PET (Polyethylene Terphthalate)
By End Use Industry
- Injection Molding
- Compression Molding
- Food & Beverages
- Household & Personal Care
This section covers regional segmentation which accentuates on current and future demand for Plastic Caps and Closure market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Plastic Caps and Closures Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Plastic Caps and Closure market include Silgan Holdings Inc., Amcor Ltd., Crown Holdings Inc., Aptar Group Inc.,Berry Global Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.