Would you like to know the future of the global plastic caps and closures market?

Caps and closures are the final components of the packaging process. The caps and closures are also seen as an important part of the whole process on which the integrity of the product depends. They make a significant contribution to improving the aesthetics and functionality of the product. Caps and closures have applications in various industries such as food and beverage, pharmaceuticals, and others.

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Market dynamics:

The growth of the plastic caps and closures market is being driven by its advantages over caps and closures made from other materials such as metal, rubber, and others. Plastic caps and closures are relatively cheaper, more versatile, lighter, more durable, and more resistant to corrosion. The demand for caps and closures is also driven by their low weight, which helps reduce overall shipping costs. The demand for plastic caps and closures is expected to increase during the forecast period due to several factors such as increasing convenience in packaging, increasing e-commerce shopping trends and increasing disposable income of consumers, which has led to an increase in the demand for practical packaging products and therefore for plastic caps and closures. However, it is expected that the growth of the market will be hampered by the introduction of strict guidelines by the governments of various countries regarding the use of plastics.

Market outlook:

Based on the material type, the polypropylene (PP) segment is expected to dominate the market in 2019. Polypropylene is a thermoplastic polymer that is reversible and can be reformed and reheated. Caps and closures made from polypropylene offer high strength, durability, heat resistance, and are inexpensive. In addition, polypropylene closures with foamed polyethylene liners offer a high level of tightness and good chemical resistance to alkalis, alcohols, acids, cosmetics, aqueous products, household oils and solvents, among others

Among regions, the Asia-Pacific region is expected to have a dominant position in the global plastic caps and closures market by 2018 due to factors such as the growth of end-use industries such as food and beverage, cosmetics, and others, as well as increasing investments in building production facilities will take hold of market participants who are active in the region. The demand for plastic caps and closures in Asia Pacific is expected to continue to grow due to factors such as increasing population, industrialization and increasing disposable income, which leads to increased consumption of packaged products.

Key figures:

Major players in the global Plastic Cap and Closure Market include Silgan Holdings Inc., Amcor Ltd, Crown Holdings Inc., Aptar Group Inc., Berry Global, Inc., Albéa SA, Ball Corporation, Evergreen Packaging Inc., Global Closure Systems, Guala Closures Group, Pact Group, Tetra Laval International SA, BERICAP GmbH & Co. KG and others.

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Market taxonomy:

On the basis of the material type, the global Plastic Cap and Closure Market is segmented into:

Polypropylene (PP)
High density polyethylene (HDPE)
Low density polyethylene (LDPE)
Others (PET and PVC)
On the basis of the product type, the global Plastic Cap and Closure Market is segmented into:

Screw caps
Dosing caps
Other (double wall locks, twist locks and child-resistant locks)
On the basis of the technology, the global Plastic Cap and Closure Market is segmented into:

Injection molding
Compression molding
Others (Post-Mold TE Band)
On the Basis of Application, the Global Plastic Caps And Closures Market is segmented into:

Food & drinks
Cosmetics and toiletries
drug
Other

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Above:

Coherent Market Insights is a leading market research and advisory firm that provides ready-to-act syndicated research reports, bespoke market research, advisory services, and competitive analysis through a variety of recommendations regarding emerging market trends, technologies, and potential absolute dollar opportunities.

This press release was published on openPR.

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