Plastic Caps and Closures Market Analysis (2023): Impressively Growing Latest Trends with Business Opportunities Along with Top Key Players by 2025

Plastic Caps and Closures Market Scope

MarketsandMarkets™ has published a brand-new report titled Plastic Caps and Closures Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2025 that includes extensive information and analysis of the industry dynamics. The opportunities and challenges in the report’s dynamical trends might be useful for the worldwide Plastic Caps and Closures Market. The study provides an outline of the market’s foundation and organizational structure and forecasts an increase in market share. The study offers a comprehensive analysis of the Plastic Caps and Closures Market size, present revenue, regular deliverables, share, and profit projections. The study report includes a sizable database on future market forecasting based on an examination of previous data.

The global plastic caps and closures market size is projected to grow from USD 44.3 billion in 2020 to USD 57.0 billion by 2025, at a CAGR of 5.2% between 2020 and 2025.

The report offers thorough explanations of SWOT and PESTLE analyses depending on changes in the region and industry. It sheds light on risks, obstacles, and uncertainties, as well as present and future possibilities and challenges in the market.

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Plastic Caps and Closures Market Segmentation

The plastic caps and closures market can be segmented based on various factors such as product type, container type, raw material, technology, end-use sector & region. Here are some common segmentation categories:

Based on the product type:

  • Screw-on caps
  • Dispensing caps
  • Others (double-wall closures, twist-on closures, and child-resistant closures)

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The screw-on caps segment is projected to be the fastest-growing product type in the plastic caps & closures market during the forecast period.

A plastic screw closure is a well-engineered product that is screwed on and off on a container. These closures contain either continuous threads or lugs. It must be engineered and designed to be cost-effective, compatible with contents, easy to open; provide an effective seal; and should comply with the product, package, and environmental laws and regulations.

Based on the container type:

  • Plastic
  • Glass

Based on the raw material:

  • PP
  • HDPE
  • LDPE
  • Others (PET and PVC)

Based on the technology:

  • Post-mold TE band
  • Compression molding
  • Injection molding

Based on the end-use sector:

  • Beverage
  • Pharmaceutical
  • Food
  • Personal & homecare
  • Others (automotive and chemical)

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The pharmaceutical industry is projected to register the highest CAGR during the forecast period.

It is very important to maintain the quality of pharmaceutical products during the manufacturing process. Pharmaceutical products can be contaminated through air particles, dust, and microorganisms. To avoid contamination, plastic caps & closures are used to seal the medicines in the pharmaceutical industry.

Based on the region:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

The North American region leads the plastic caps & closures market in terms of volume.

North America is projected to be the fastest-growing market for plastic caps & closures during the forecast period. The increase in consumption of CSDs and packaged food, high disposable income levels, and growth in demand for convenience food are supporting the market in North America.

Who are the leading players in Plastic Caps and Closures market?

The plastic caps and closures market is a highly competitive industry, with numerous vendors operating globally. Here are some of the key players in the market:

  • Berry Group (US)
  • Crown Holding (US)
  • AptarGroup (US)
  • Amcor (Australia)
  • BERICAP (Germany)
  • Coral Products (UK)
  • Silgan Holdings (US)
  • O.Berk Company
  • LLC (US)
  • Guala Closures (Italy)
  • United Caps (Luxembourg)
  • Caps & Closures Pty Ltd. (Australia)
  • Caprite Australia Pty Ltd. (Australia)
  • Pano Cap (Canada) Limited (Canada)
  • Plastic Closures Ltd. (UK)
  • Cap & Seal Pvt. Ltd. (India)
  • Phoenix Closures (US)
  • Alupac India (India)
  • Hicap Closures (China)
  • MJS Packaging (US)
  • J.L. Clark (US)
  • TriMas (US)
  • Comar, LLC (US) 

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