Plastic caps and closures market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market size is valued at USD 57.9 billion by 2027 and is expected to grow at a compound annual growth rate of 5.60% in the forecast period of 2020 to 2027.
The plastic caps and closures market is experiencing its growth owing to the growing need for convenience and concerns regarding product security and safety. The high demand from food and beverages and chemical industries is expected to significantly enhance the market growth. The rise in demand for bottled water, increase in disposable income levels of consumers in emerging economies, growing caps and closures application in home care products and cosmetics industries, increasing demand for smaller sized packs and product differentiation and branding and decreasing package sizes are also expected to prosper the growth of the target market
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The major players covered in the plastic caps and closures market report are Bericap, Aptargroup Inc., Amcor plc, Closure Systems International, Coral Products, O.Berk Company, LLC, United Caps, Caps & Closures Pty Ltd, Caprite Australia Pty. Ltd, Pano Cap, Plastic Closures Limited, RPC Group, Phoenix Closures, Cap & Seal Pvt. Ltd, Silgan Holdings Inc., Alupac India, Hicap Closures Co. Ltd., and MJS Packaging, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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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 (High Density Polyethylene), LDPE (Low Density Polyethylene), PP (Polypropylene), Others), End User (Beverages, Food, Pharmaceuticals, Personal and Homecare, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
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