Caps closures are used in various industries to maintain the quality of the products, increase the shelf life of the commodity and to keep the products fresh. They play a significant role in the packaging of bottles, cans, tubes and stand-up Pouches. In addition, it protects the product from to dirt, moisture, and oxygen and keeps the product secure from undesired premature opening. Increasing caps closures application in home care products and cosmetics industries is further expected to augment global market growth.

PLASTIC CAPS AND CLOSURES MARKET OUTLOOK

The plastic caps and closures market is primarily driven by factors like increasing opportunities from the end user industries including beverage, food and pharmaceuticals. The plastic caps and closures market has gained sustainability owing to the consumer awareness towards product packaging and safety, rising consumption of processed foods beverages and innovation in plastic packaging industry. The major factors hindering the growth of the market are strict government regulation with respect to the use of plastics and excessive cost associated with initial investment. The major trend followed in the plastic caps and closure market is the use of bio-based plastic for production of caps and closures due to increasing environment concern among the consumers and easy availability of substitutes. Likewise, the global plastic caps and closures market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the plastic caps and closures market.

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PLASTIC CAPS AND CLOSURES MARKET SEGMENTAL OVERVIEW

The report analyses the global plastic caps and closures market into, product type, raw material, end user and geography. 

PLASTIC CAPS AND CLOSURES MARKET BY PRODUCT TYPE 

The report analyses the plastic caps and closures market by product type into screw-on caps and dispensing caps. Screw-on caps segment is leading in terms of value. In the future, the production of screw-on caps is projected to boost during the forecast period owing to characteristics like light weight, less cost as compared to dispensing caps and wide range of application in various industries. 

PLASTIC CAPS AND CLOSURES MARKET BY RAW MATERIAL 

Based on raw material the plastic caps and closures market is bifurcated into HDPE (Polyethylene), LDPE (Polyethylene), PP (Polypropylene) and others. Polypropylene (PP) and polyethylene (PE) plastic resin dominates the plastic caps and closures segment as they are widely used, while PP segment is expected to register for highest CAGR during the forecast period. Further the report is bifurcated by technology into injection moulding, compression moulding and post-mould tamper-evident band. 

PLASTIC CAPS AND CLOSURES MARKET BY END USER 

Based on end user the global plastic caps and closures market is segmented into beverages, food, pharmaceuticals, personal homecare and others. The beverage sector is estimated to account for the largest market share and expected to maintain the dominance throughout the forecast period. Rise in volume of production of the beverages industry robust the growth of the caps and closures market. 

PLASTIC CAPS AND CLOSURES MARKET BY GEOGRAPHY 

By geography plastic caps and closures market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America and Middle East Africa. Asia Pacific region is projected to be the fastest growing region during the forecast period. The largest share is attributed to increasing food and beverage industries in the developing and developed countries including China and India which accounts for the largest share of the rigid plastic packaging market in the Asia Pacific region. Also, the growing population and economic development are other factors driving the market in the region.

PLASTIC CAPS AND CLOSURES MARKET KEY PLAYERS

Some of the key participants in plastic caps and closures market are Berry Global Inc, Amcor Limited, Crown, Silgan Holdings Inc, RPC Group Plc, BERICAP, AptarGroup, Inc, Closure Systems International, Coral Products PLC, O.Berk Company, LLC, UNITED CAPS, Caps Closures Pty Ltd, Caprite Australia Pty. Ltd, Pano Cap, Plastic Closures, Phoenix Closures, Inc, Hicap Closures Co., Ltd, etc. Mergers, acquisitions, technological advancement and new product launches are the key growth strategies adopted by major players to reinforce their positions in the international market. Additionally, many plastic caps and closures manufacturers are employing more recycled and recyclable plastic to reduce the environmental impact.

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