Plastic Caps and Closures Market by Product Type, Technology, Raw Material, End Usage, and Region – Global Forecast to 2025 – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE) – 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 to 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 product safety, 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 novel 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.

Market dynamics

driver

  • Increasing demand for mineral water

  • Desires for convenience and concerns about product safety and security

  • Product differentiation & branding and decreasing package sizes

Restrictions

  • Development of deputies

Opportunities

challenges

  • Mature markets in developed regions

Mentioned companies

  • Alupac India

  • Amcor plc

  • Aptar group

  • Berikap

  • Berry Global Group, Inc.

  • Cap & Seal Pvt. GmbH

  • Caprite Australia Pty. Ltd

  • Caps & Closures Pty Ltd

  • Comar, LLC

  • Coral products

  • Crown Holdings, Inc.

  • Guala closes SPA

  • Hicap closures

  • Jl Clark

  • Mjs packaging

  • O. Berk Company, LLC

  • Pano Cap (Canada

  • Phoenix locks

  • Plastic Closures Limited

  • Silgan Holdings

  • Trimas

  • United Caps

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