The Global Plastic Caps And Closures Market is forecast to reach USD 58.50 Billion by 2026, according to a new report by Reports and Data. A combination of different market factors are supporting the growth of the market. One of the mentionable factor in this context is expanding the beverages industry and increasing market competition among industry players. The elevated competition among market players has resulted in an increasing emphasis on branding and product differentiation among packaged water and drinks manufacturers. As a result of the growing focus on branding and product differentiation, there is an increased demand for plastic caps and closures with different colors and altered company logo, which in turn propells the market growth.
The increasing emphasis on health and hygiene has also resulted in the growth of the toiletries industry. The expansion of the toiletries industry is propelling the demand for plastic closures and caps. Different initiatives taken by the market players is another mentionable factor. As an instance, Klöckner Pentaplast Group had entered into a marketing alliance with Berry Plastics Group, Inc., a market player of plastic closures and caps. Such initiatives taken by industry players helps in supporting the expansion of the market.
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Market Overview:
A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Plastic Caps and Closures market will reach USD XX billion in 2026, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Amcor,
- Berry Global,
- Silgan Holdings,
- Crown Holdings,
- Bericap,
- RPC Group,
- Closure Systems International,
- Aptar Group,
- Berk Company, LLC
- Coral Products.
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The Global Plastic Caps and Closures Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
Bottle Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
- Glass
- Plastic
Product Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
- Dispensing Caps
- Screw-On Caps
- Others
Raw Materials Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
- Polypropylene (PP)
- HDPE (High-Density Polyethylene)
- LDPE (Low-Density Polyethylene)
- Others
Technology Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
- Compression Molding
- Injection Molding
- Post-Mold Tamper-Evident Band
End-use Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
- Foods and Beverages
- Personal Homecare
- Pharmaceuticals
- Others
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Plastic Caps and Closures market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Plastic Caps and Closures industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Plastic Caps and Closures Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2026
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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