close

Enter

Log in using OpenID

Plastic Caps and Closures Market Research Report - Global Forecast 2023

embed
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 -
Plastic Caps & Closures Market Research
Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
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.
2
www.marketresearchfuture.com
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 enduse, 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 @ https://www.marketresearchfuture.com/reports/plastic-caps-closures-market-4920
3
www.marketresearchfuture.com
Plastic Caps & Closures Market Research Report - Forecast to 2023
Segmentation
Press Release @ https://www.marketresearchfuture.com/press-release/plastic-caps-closures-industry
4
www.marketresearchfuture.com
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 @ https://www.marketresearchfuture.com/reports/plastic-caps-closures-market-4920
5
www.marketresearchfuture.com
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 [email protected]
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.
6
www.marketresearchfuture.com
THANK YOU
MARKET RESEARCH
FUTURE
[email protected]
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
7
www.marketresearchfuture.com
Author
Monica Nerkar
Monica Nerkar275   documents Email
Document
Category
Business and Leadership
Views
4
File Size
343 KB
Tags
market, Plastic Caps & Closures
1/--pages
Report inappropriate content