Plastic Caps and Closures Market Trends, Demand, Share, Major Player, Competitive Outlook Forecast to 2022-2027

 According to IMARC Group’s latest report, titled “Plastic Caps and Closures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global plastic caps and closure market reached a value of US$ 43.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 59.0 Billion by 2027, exhibiting at a CAGR of 5.32% during 2022-2027.

Plastic caps and closures are a part of product packaging, which is lightweight, durable, versatile, and resistant to high temperatures. They protect products from contamination, microbial spoilage, and other environmental factors. They also enhance the aesthetics and functionality of products and make their handling convenient during transportation. As a result, they are widely employed in the food and beverage (F&B), chemicals, pharmaceuticals, and cosmetics industries across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Plastic caps and closures offer numerous advantages over caps and closures made using other materials, such as metal and rubber. This, in confluence with the increasing demand for packaged water, alcoholic drinks, and noncarbonated beverages, represents one of the key factors strengthening the market growth. Besides this, due to rising environmental concerns, manufacturers around the world are employing bioplastics to produce plastic caps and closures. They are also utilizing holographic and QR+ technologies to ensure the safety of products, which is creating a favorable market outlook.

Competitive Landscape:

• Berry Global
• Amcor
• Crown Holdings
• Silgan Holdings
• RPC Group
• Bericap
• AptarGroup, Inc
• Closure Systems International
• Coral Products
• Berk Company, LLC
• United Caps
• Caps & Closures Pty Ltd
• Caprite Australia Pty. Ltd
• Pano Cap (Canada) Limited
• Plastic Closures Limited
• Cap & Seal Pvt. Ltd.
• Phoenix Closures
• Alupac India
• Hicap Closures
• MJS Packaging.

Market Segmentation:

Breakup by Product Type:

• Screw-On Caps 
• Dispensing Caps 
• Others 

Breakup by Raw Material:

• PET 
• PP 
• HDPE 
• LDPE 
• Others 

Breakup by Container Type:

• Plastic 
• Glass 
• Others

Breakup by Technology:

• Injection Molding 
• Compression Molding 
• Post-Mold Tamper-Evident Band 

Breakup by End-Use:

• Beverages 
• Industrial Chemicals 
• Food 
• Cosmetics 
• Household Chemicals 
• Pharmaceuticals 
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                           

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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