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Global Plastic Caps And Closures Market Size, Forecasts, And Opportunities

November 9, 2021 by The Business Research Company

Learn about the global plastic caps and closures market through The Business Research Company, which provides information on plastic caps and closures market size, plastic caps and closures market drivers and restraints, plastic caps and closures market players, the COVID-19 impact on the plastic caps and closures market, and more.

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 expected to drive innovation in plastic caps and closures manufacturing, thus driving the market during the forecast period.

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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.

Global plastic caps and closures market segments include:

By Product Type: Screw Caps, Dispensing Caps, Others

By Materials: Polypropylene, Polystyrene, Polyethylene, Others

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. Among these regions, Asia Pacific was the largest region in the plastic caps and closures market in 2020.

Key players operating in the plastics caps and closures market are focusing on developing and launching innovative products to meet the sustainability targets set by governing bodies across the globe.

TBRC’s plastic caps and closures market report covers:

Major Market Players: 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)

The Plastic Caps And Closures Global Market Report 2021: COVID-19 Growth And Change to 2030 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, leading competitor revenues, profiles and market shares.

TBRC’s plastic caps and closures market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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