Plastic Caps and Closures Market Research Report -Forecast 2023

1
Plastic Caps Closures Market Research Report By
Forecast To 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
2
Plastic Caps Closures Market Research Report -
Forecast to 2023
Global Plastic Caps Closures Market, 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 - Forecast
2017-2023.
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. The 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.
3
Plastic Caps Closures Market Research Report -
Forecast to 2023
Segmentation
The market for global plastic caps closures is
segmented mainly on the basis of raw materials,
product type and end-use. Market categorization,
on the basis of product type includes screw caps,
dispensing caps and other plastic caps. On the
basis of raw materials, it includes
polypropylene, polyethylene, polystyrene and
other resins. Plastic resin such as polypropylene
(PP) and polyethylene (PE) are widely used, while
PP is expected to be the fastest-growing sub
segment. Plastic caps closures are projected to
emerge as the fastest-growing type in caps
closures market as it is light weight, cost
effective, and can be used to package various
types of products belonging to different
industries. On the basis of end-use, it has been
segmented as food beverage, pharmaceutical,
others. 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.
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.
Report Available _at_ https//www.marketresearchfut
ure.com/reports/plastic-caps-closures-market-4920
4
Plastic Caps Closures Market Research Report -
Forecast to 2023
Segmentation
Press Release _at_ https//www.marketresearchfuture.
com/press-release/plastic-caps-closures-industry
5
Plastic Caps Closures Market Research Report -
Forecast to 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). 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
Report Available _at_ https//www.marketresearchfut
ure.com/reports/plastic-caps-closures-market-4920
6
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright
2018 Market Research Future All Rights Reserved.
This document contains highly confidential
information and is the sole property of Market
Research Future. No part of it may be circulated,
copied, quoted, or otherwise reproduced without
the written approval of Market Research Future.
7
(No Transcript)