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Global Plastic Caps And Closures Market

  • Published Date: 07 Dec 2017
  • Number of Pages: 181
  • Category: Chemicals
  • Country: Global
The caps and closures segment form an integral part of the packaging industry. The traditional materials such as aluminium, tinplate, etc. are being gradually replaced by plastic. Due to the increased competition and evolving high-tech enlargements, the plastic caps and closures have become even more important in the global caps and closures market.

Versatility and durability are some of the features which make plastic an ideal material for making caps and closures. Additionally, the lightweight of the plastic caps and closures reduce handling and shipping costs which leads to reduction in the overall cost. Thus, the shares of the plastic products are anticipated to lift in the global cap and closure market. Due to the greater demand, the growth of the caps and closures market has been undergoing a phase of new product development and technological advancements. Also, there have been high investments in the production and launch of innovative caps for diverse range of end-use products.

Hence, the global plastic caps and closures market is expected to observe a substantial growth in the future owing to large market potential and growing preference of the consumers.

Market Dynamics

The global production of plastic caps and closures in 2016 was 1,286 billion units and is estimated to reach 1,814 billion units by 2021, at a CAGR of 5.89%, whereas in terms of revenue, the market was worth USD 29.34 billion in 2016 and is expected to reach USD 38.5 billion in 2021, at a CAGR of 4.63%.

Though the beverages industry leadsthe plastic caps and closures market in 2014, high growth is expected to be observed in the bottled water segment across the globe which in turn will drive the demand for plastic caps and closure products. Innovative or customized caps and closures, tamper-evident, child resistant, etc. are some of the driving factors for the plastic caps and closures market. In contrast, in countries like India, pharmaceutical regulations on PET bottles act as a constraint to the market.

The market is considered to be highly fragmented as the top five players hold only 15-18% of the global market share. Hence, in order to increase the market penetration, this industry is witnessing consolidation among players owing to a vast number of suppliers.

Market Segmentation

The global plastic caps and closures market is segmented as follows based on the end-use:
--> Food
--> Beverage
--> Personal & Home Care Products
--> Pharmaceutical
--> Industrial chemicals
--> Others (Automotive etc.)

The global plastic caps and closures market can be segmented as follows by the product type:
--> Screw Caps
--> Dispensing Caps
--> Other Plastic Caps

The global plastic caps and closures market is segmented as follows by the raw materials:
--> Polypropylene
--> Polyethylene
--> Polystyrene
--> Other Resins

The market can be further segmented based on the geography as follows:
--> APAC
--> North America
--> EMEA
--> ROW

Opportunities

Continual inroads by plastic containers into various applications and the growing popularity of plastic closures on other container types such as gable top & aseptic cartons and stand-up pouches that are projected to rise, are some of the several factors that will result in the growth of global plastic caps and closures market. The growthof the global plastic caps and closures market will also be supported by the technological developments and process improvements. They are expected to positively influence the demand for plastic containers and hence result in the expansion of its presence in markets which were recently dominated by glass and metal containers. This will indirectly drive the growth of plastic caps and closures in the global caps and closures market.

Key Players

Key vendors in the global plastic caps and closures market are:
--> Amcor
--> BERICAP
--> Closure Systems International
--> Guala Closures Group
--> Oriental Containers

Some of the other prominent vendors are:
--> Berry Plastics
--> Blackhawk
--> Crown Holdings
--> Pelliconi
--> Premier Vinyl Solutions
--> Silgan

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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