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
Global Plastic Caps and Closures Market, By Type (Screw Caps, Dispensing Caps, and Closures), By Material (Polypropylene, Polyethylene and Polystyrene), By End-User (Food & beverages, Pharmaceutical and Personal Care), By Region – Forecast to 2023
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