Dublin, November 11th, 2020 (GLOBE NEWSWIRE) – The “market for plastic caps and closures by product type (screw caps, dosing caps), technology (injection molding, compression molding, TE tape after molding), raw material (PP, HDPE, LDPE) , End Use (Beverages, Pharmaceuticals) Region – Global Forecast to 2025 “report was added ResearchAndMarkets.com to offer.
The plastic caps and closures market was $ 42.33 billion in 2019 and is projected to reach $ 57.03 billion by 2025, with a CAGR of 5.18% between 2020 and 2025.
The increasing demand for bottled water, the need for convenience, concerns about product safety and security, product differentiation and branding, and shrinking packaging sizes are driving the market for plastic caps and closures. However, it is expected that the development of substitutes will slow this market. Emerging markets are expected to offer significant growth opportunities for plastic cap and closure manufacturers. The main challenge for the players is the mature market in the developed regions.
The screw cap segment is expected to grow at the highest CAGR in the plastic caps and closures market over the forecast period.
The screw cap segment had the largest share and is expected to grow with the highest CAGR in the forecast period. This is attributed to its widespread use in various end-user industries such as beverages, pharmaceuticals, and personal care. In addition, they are inexpensive and lightweight.
A plastic screw cap is a sophisticated product that is screwed onto and off a container. These closures contain either continuous threads or lugs. It must be constructed and designed to be cost effective, content compatible, easy to open; ensure an effective seal; and comply with product, packaging, and environmental laws and regulations.
The Post-Mold TE Tape segment is expected to be the fastest growing technology in the plastic caps and closures market during the forecast period
In terms of both value and volume, the largest shares were accounted for by the post-mold TE strip segment, which will also grow with the highest CAGR. In post-mold technology, slitting is a secondary process to create tamper-evident plastic caps and closures. This post-mold technology is comparatively economical and time-saving.
The plastics segment is expected to be the fastest growing type of container in the plastic caps and closures market over the forecast period
In terms of value and volume, the plastics segment had the largest share in 2019 and is expected to grow with a comparatively higher CAGR in the forecast period. Plastic containers are economical and lightweight. Due to their economic efficiency, they are mainly used for the packaging of CSDs and mineral water.
The PP segment is expected to be the fastest growing raw material in the plastic caps and closures market during the forecast period
The PP segment is the market leader. PP is widely used due to its high resistance to chemical corrosion, which makes it an excellent choice for packaging of detergents, bleaches and first aid products. It also offers excellent fatigue resistance and resilience, which gives it a well-deserved reputation for toughness and durability.
The beverage sector is expected to make up the largest share of the plastic caps and closures market
Beverage packaging is the largest end-use sector of plastic caps and closures. Beverage packaging is used to extend the shelf life and to preserve the taste and texture of the drink. The demand from beverage manufacturers for new types of differentiation closures is driving the market for premium closures in the beverage industry. Plastic caps and closures have become popular in the packaging of bottled water, carbonated sodas, and non-carbonated sodas.
North America is expected to be the largest market for plastic caps and closures in terms of volume over the forecast period.
The United States, Canada, and Mexico are the major countries contributing to the plastic caps and closures market in North America. Growth is being driven by factors such as increasing demand for portion packs or small packs, increased demand for ready meals, concerns about product safety, and the need for product differentiation and branding. The presence of major plastic cap and closure manufacturers has also contributed to the growth of the plastic cap and closure market in this region.
Key topics covered:
2 research methodology
4 premium insights
4.1 Attractive opportunities in the market for plastic caps and closures
4.2 Plastic Caps and Closures Market by Product Type
4.3 Plastic Caps and Closures Market by Technology
4.4 Plastic Caps and Closures Market by Container Type
4.5 Plastic Caps And Closures Market By Raw Material
4.6 Plastic Caps and Closures Market by End Use Sector
4.7 Plastic Caps and Closures Market by Country
4.8 APAC: Plastic Caps and Closures Market
4.9 Plastic Caps and Closures Market: Regional Snapshot
5 Market overview
5.2 Value chain analysis
5.3 Market dynamics
18.104.22.168 Increase in demand for mineral water
22.214.171.124 Needs for convenience and concerns about product safety and security
126.96.36.199 Product differentiation & branding and decreasing pack sizes
188.8.131.52 Development of substitutes
184.108.40.206 Emerging Markets
220.127.116.11 Mature markets in developed regions
5.4 Porter’s Five Forces Analysis
5.4.1 Threat from new entrants
5.4.2 Proxy threats
5.4.3 Bargaining power of suppliers
5.4.4 Bargaining power of buyers
5.4.5 Intensity of competitive rivalry
5.5 Effects of COVID-19 on the Plastic Cap and Closure Market
5.5.1 Effects of COVID-19 on plastic packaging
5.5.2 Effects of COVID-19 on end-user sectors for plastic caps and closures 62
18.104.22.168 Effects of COVID-19 on the food and beverage industry
22.214.171.124 Effects of COVID-19 on the pharmaceutical industry
126.96.36.199 Effects of COVID-19 on the Personal Care Industry
5.5.3 Effects of COVID-19 on different countries
6 Plastic Caps and Closures Market by Product Type
6.2 screw caps
6.3 Dosing caps
7 Plastic Caps and Closures Market by Container Type
8 Plastic Caps and Closures Market by Technology
8.2 Tamper-proof after molding (Te
8.3 Compression molding
8.4 injection molding
9 Plastic Caps and Closures Market by Raw Materials
9.2 pp (polypropylene)
9.3 HDPE (high density polyethylene
9.4 Ldpe (low density polyethylene)
10 Plastic Caps And Closures Market By End Use Sector
10.5 Personal hygiene and home care
11 Plastic Cap And Closure Market By Region
11.4 North America
11.5 Middle East & Africa
11.6 South America
12 Competitive Landscape
12.2 Competitive Leadership Mapping
12.2.2 Young executives
12.2.4 Emerging Companies
12.3 Strength of the product portfolio
12.4 Excellent business strategy
12.5 Market ranking of the main players
12.6 Competitive Scenario
12.6.1 Expansions & Investments
12.6.2 Mergers and Acquisitions
12.6.3 Contracts & agreements, joint ventures & partnerships and cooperations 165
12.6.4 New product launches / development
13 company profiles
13.1 Berry Global Group, Inc.
13.2 Amcor plc
13.3 Crown Holdings, Inc.
13.4 Silgan stocks
13.6 Aptar group
13.7 Coral products
13.8 O. Berk Company, LLC
13.9 Guala closes SPA
13.10 Additional Companies
13.10.1 United Caps
13.10.2 Caps & Closures Pty Ltd
13.10.3 Caprite Australia Pty. Ltd
13.10.4 Pano Cap (Canada
13.10.5 Plastic Closures Limited
13.10.6 Cap & Seal Pvt. GmbH
13.10.7 Phoenix closures
13.10.8 Alupac India
13.10.9 Hicap closures
13.10.10 Mjs packaging
10/13/11 JL Clark
10/13/13 Comar, LLC
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