Material and packaging INDUSTRY IS CHANGING because of the change in Plastic Caps and Closures Market that are happening due to some key players and brands who are dominating the market in the forecast period of 2018 to 2025.This report is a window to the Plastic Caps and Closures Market which explains what market definition, classifications, applications, engagements and market trends are. The report also contains the drivers and restrains for the Plastic Caps and Closures Market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.
The Global Plastic Caps and Closures Market is expected to reach USD 51.96 billion by 2025, from USD 38.87 billion in 2017 growing at a CAGR of 5.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Competitive Analysis:
The global plastic caps and closures market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spray adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In, July 2018, UNITED CAPS opened new manufacturing plant for closures and caps in Dinnington, Rotherham, U.K.. This will provide customers with access to expert resources at its Messia research and development (R&D) facility.
Key Market Competitors:
The key players operating in the global plastic caps and closures market are –
- Berry Global,
- Amcor,
- Crown Holdings,
- Silgan Holdings,
- RPC Group,
- Bericap,
- Aptargroup,
- Closure Systems International,
- Coral Products,
- O.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
- among others.
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Market Definition:
Plastic caps and closures are powerful fixing gadgets for jugs and holders. Adaptability, strength, and adaptability managed by plastic combined with its sparing generation rate settle on it a suitable decision for bundling. The viability against altering of items acts for caps and closures as a bundling technique. They are use in various industries including beverages, food, pharmaceuticals, personal & homecare and others. According to The State of the Specialty Food Industry, food industry continues to grow at a strong clip with dollar sales hit USD 127.0 billion, a 15.0% jump in total sales between 2014 and 2016. Furthermore, According to International Trade Administration, in 2015, Australia’s total personal care and cosmetics market is estimated at USD 3.4 billion, with over 70.0% of all consumption imported. Through 2018 there are good prospects for Australia’s personal care and cosmetics markets, with the overall market conservatively estimated to grow by 4.0% per annum in 2017 and 2018. Thus increasing demand from end-user is driving factor for the plastic caps and closures.
Market Drivers:
- Product modernization to aid product differentiation and branding
- Rising demand for smaller sized packs
- Demand from small and medium scale end-users
Market Restraints:
- Lightweight and cost-effective stand-up pouch packaging alternatives
- Regulations of environmental degradation on manufacturers and charging taxes
- Substitute products availability
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global plastic caps and closures market
- Analyze and forecast the plastic caps and closures market on the basis of product type, container type, technology, raw material and end-use sector.
- Trends of key regional and country-level markets for product type, container type, technology, raw material and end-use sector.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Segmentation:
By Product Type
- Screw-On Caps
- Dispensing Caps
- Others
By Container Type
- Plastic
- Glass
By Technology
- Injection Molding
- Compression Molding
- Post-Mold Tamper-Evident Band
By Raw Material
- HDPE (Polyethylene)
- LDPE (Polyethylene)
- PP (Polypropylene)
- Others
By End-Use Sector
- Beverages
- Food
- Pharmaceuticals
- Personal & Homecare
- Others
By Geography
- Asia Pacific
- China
- South Korea
- Japan
- India
- Australia
- Singapore
- Thailand
- Indonesia
- Malaysia
- Philippines
- Rest of Asia-Pacific
- North America
- US
- Canada
- Mexico
- Europe
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Spain
- France
- Germany
- Italy
- U.K.
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- South Africa
- Egypt
- United Arab Emirates
- Israel
- Rest of Middle East & Africa
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