Global Plastic Caps And Closures Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Plastic Caps And Closures Market Report by The Business Research Company covers plastic caps and closures market drivers and restraints, plastic caps and closures market size, major players, and the impact of COVID-19 on the plastic caps and closures market.
The plastic caps and closures market consists of sales of plastic caps and closure products by entities (organizations, sole traders, or partnerships) that are mainly produced from high-density polyethylene (HDPE) and polypropylene (PP). Plastic caps and closures are the final elements of the packaging process that are used in a variety of applications such as beverage packaging, non-food packaging, and cosmetic packaging.
The global plastic caps and closures market is expected to grow from $37.01 billion in 2020 to $39.74 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth in the plastic caps and closures market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $52.31 billion in 2025 at a CAGR of 7.1%.
An increase in demand for bottled water from consumers across the globe is driving the plastic caps and closures market. The bottled water is sealed with plastic caps and closures to prevent spillage, facilitate easy transportation and extend shelf life. The demand for bottled water is increasing due to the rise in awareness of water contamination and safety concerns.
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Some plastic caps and closures market trends include focus on developing and launching innovative products to meet the sustainability targets set by governing bodies across the globe.
Global plastic caps and closures market segments include:
1) By Product Type: Screw Caps, Dispensing Caps, Others
2) By Materials: Polypropylene, Polystyrene, Polyethylene, Others
3) By End-User: Pharmaceutical, Personal Care, Food And Beverages, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Plastic Caps And Closures Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides plastic caps and closures market overviews, analyzes and forecasts market size, share, plastic caps and closures market players, plastic caps and closures market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The plastic caps and closures identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Plastic Caps And Closures Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Berry Global Inc, Guala Closures Group, BERICAP, O.Berk Company, United Caps, Caps & Closures Pty Ltd., Pano Cap Limited, Plastic Closures Ltd., Cap & Seal Pvt. Ltd, Phoenix Closure, Hicap Closures, and MJS Packaging.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Plastic Caps And Closures Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Plastic Caps And Closures Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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