Plastic Caps and Closures Market Size To Reach US$ 61.9 Billion by 2028 | IMARC Group

The latest report published by IMARC Group, titled “Plastic Caps and Closures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global plastic caps and closure market size reached US$ 45.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 61.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.13% during 2023-2028.

Plastic caps and closures are components used to seal containers, such as bottles and jars, to protect the contents inside. They come in a variety of shapes, sizes, and materials to meet different packaging requirements. The most used plastic closures are made from polypropylene (PP) and polyethylene (PE) materials, which are lightweight, durable, and cost-effective. Plastic caps and closures offer several benefits, such as easy opening and closing, tamper-evidence, and resealability. They are widely used in the packaging industry for various products, including food and beverages, pharmaceuticals, cosmetics, and household chemicals.

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Plastic Caps and Closures Market Trends

The increasing demand for convenience packaging represents a key factor driving the market growth across the globe. This is primarily attributed to the increasing demand for packaging solutions that offer conveniences, such as easy-to-open and resealable containers, along with busy lifestyles. In line with this, the expansion of the food and beverage industry, coupled with the rising demand for packaged food and drinks is contributing to the growth of the market. In addition to this, innovations in design, materials, and manufacturing processes are driving the development of more advanced and sustainable plastic caps and closures, which is further facilitating the growth of the market. The market is also driven by the increasing demand for eco-friendly packaging, such as biodegradable and recyclable plastic caps and closures.

Plastic Caps and Closures Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the plastic caps and closure market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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.

Key Market Segmentation:

The report has segmented the plastic caps and closure market on the basis of product type, raw materials, container type, technology and end-use

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:

  • Asia Pacific 
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=886&flag=C

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.

About Us:                                                                      

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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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