Global Plastic Caps and Closure Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global plastic caps and closure market in its upcoming report titled, “Global Plastic Caps and Closure Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global plastic caps and closure market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global plastic caps and closure market report has been segmented on the basis product type, container type, technology, raw material, end-use sector, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Plastic caps and containers are used for the protection of bottles which act as an effective sealing device for containers. Caps & closures are used for preserving food products and extending their shelf life. Plastic caps and containers are manufactured by either injection molded process or compression molded process.

Increasing demand for effective packaging to ensure the longer shelf life of food and liquid products is a major factor expected to drive growth of the global plastic caps and closure market. In addition, increasing demand for packaged food and pharmaceutical drugs, increasing caps & closures application in home care products are other major factors expected to boost growth of the global plastic caps and closure market over the forecast period.

However, increasing concerns regarding biodegradability and carcinogenicity of plastics is a major factor restraining growth of the global plastic caps and closure market.

The market in North America accounted for highest revenue share in the global plastic caps and closure market in 2016, owing to rising purchasing power and improving living standards of the individuals in countries in the region. The market in Europe accounted for second-highest revenue share in the global plastic caps and closure market, due rising demand for canned food and beverages in countries in the region, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth rate in terms of revenue, due to increasing investments and growing end user industries for caps & closures market in countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to register moderate growth rate over the forecast period. Revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.

Global plastic caps and closure market segmentation:

By product type:

• Screw-on cap
• Dispensing cap
• Others (double-wall closures, twist-on closures, and child-resistant closures)

 By container type:

• Plastic
• Glass

 By technology:

• Compression molding
• Injection molding
• Post-mold TE band

 By raw material:

• PP
• HDPE
• LDPE
• Others (PET and PVC)

By end-use sector:

• Food and Beverage
• Pharmaceuticals & Healthcare
• Personal & Homecare
• Others (chemical, automotive etc.)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa