Plastic Caps and Closures Market

Plastic Caps and Closures Market by Applications (Food and Beverages, Cosmetic and Toiletries, Pharmaceutical, and Other Applications), Raw Materials (Low-density Polyethylene [LDPE], Polypropylene [PP], High-density Polyethylene [HDPE], Polyethylene Terephthalate [PE], and Other Raw Materials), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-1027
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 1
  • No. Of Pages: 169
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global plastic caps and closures market size was valued at USD 44.3 billion in 2020 and is projected to reach USD 57.9 billion by 2028, expanding at a CAGR of 5.6% during the forecast period, 2021–2028. Growth of the market is attributed to the increasing demand for plastic caps and closures owing to its properties including easy availability, flexibility, versatility, and durability.

Plastic Caps and Closures Market Key Takeaways

Plastic caps and closures play a major role in the safety and security of the product from dust, moisture, and other microbes. Plastics caps and closures are cheaper as compared to metal caps and closures. Customers look for the caps and closures which are convenient to use, easy to open, and user friendly.

Plastic caps and closures are highly used in various industries such as household goods, cosmetic products, pharmaceuticals, and food & beverages. It reduces the manufacturing and product cost. Plastic caps and closures help in product diversification and new packaging of the products.

Market Trends, Drivers, Restraints, and Opportunities

  • Better operability and convenience required for various products is projected to boost the market during the forecast period.
  • Rapid growth of food and beverages industry is major factor spurring the market in the coming years.
  • Increasing popularity for dispensing and pump closures in wide range of products is estimated to fuel the market.
  • Emerging substitutes for packaging of products is expected to hinder the market growth.
  • Prices of raw materials are unstable which affects the manufacturing cost of caps and closures act as a key factor that can impede the market in the coming years.
  • Emerging economies in developing countries is projected to offer immense opportunities for the market players.
  • Technological innovation and advancement in plastic caps and closures market is anticipated to create lucrative opportunities for the market players.

Scope of the Report

The report on the global plastic caps and closures market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Plastic Caps and Closures Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Food and Beverages, Cosmetic and Toiletries, Pharmaceutical, and Other Applications), Raw Materials (Low-Density Polyethylene [LDPE], Polypropylene [PP], High-Density Polyethylene [HDPE], Polyethylene Terephthalate [PE], and Other Raw Materials)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Amcor Ltd., Aptar Group Inc., Silgan Holdings Inc., Berry Global Inc., Crown Holdings Inc., Comar LLC, Phoenix Closures, Inc., and Guala Closures Group


Market Segment Insights:

The food and beverages segment is projected to account for a large market share
On the basis of applications, the global plastic caps and closures market is segregated into food and beverages, cosmetic and toiletries, pharmaceutical, and other applications. The food and beverages segment is expected to represent a key share of the market during the forecast period owing to growing needs, changing food habits of the consumer, and rapid industrial growth. Increasing preference for packed foods in different countries and growth of beverage industry is anticipated to boost the market. However, the pharmaceuticals segment is anticipated to expand at a rapid pace during the forecast period owing to protect the healthcare products from dust, air, and moisture.

Plastic Caps and Closures Market By Applications

The polypropylene segment is projected to hold a major market share
Based on raw materials, the global plastic caps and closures market is fragmented into low-density polyethylene [LDPE], polypropylene [PP], high-density polyethylene [HDPE], polyethylene terephthalate [PE], and other raw materials. The polypropylene segment is expected to constitute a key share of the market in the coming years owing to factors such as great choice for packaging of cleaning products, first aid products, bleaches, high resistance to chemical corrosion, and highly elastic, tough, and durable. On the other hand, the high-density polyethylene segment is anticipated to expand at a rapid pace during the forecast period owing to its strength and durability it is mainly used for producing caps and closures for bottled water, juices, soft drinks, and teas.

The North America is anticipated to dominate the market
On the basis of regions, the global plastic caps and closures market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to rapid expansion of food and beverage industry. Increasing demand for processed foods, snacks, and ready to eat foods is raising the demand for plastic caps and closures for packing and storing of these foods.

On the other hand, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to rising demand for the carbonated drinks and alcoholic beverages in the region is boosting the demand for plastic caps and closures market.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Caps and Closures Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Plastic Caps and Closures Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Plastic Caps and Closures Market - Supply Chain
  4.5. Global Plastic Caps and Closures Market Forecast
     4.5.1. Plastic Caps and Closures Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Plastic Caps and Closures Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Plastic Caps and Closures Market Absolute $ Opportunity
5. Global Plastic Caps and Closures Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Plastic Caps and Closures Market Size and Volume Forecast by Applications
     5.3.1. Food and Beverages Cosmetic and Toiletries Pharmaceutical Other Applications
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Plastic Caps and Closures Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Plastic Caps and Closures Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Plastic Caps and Closures Demand Share Forecast, 2019-2026
7. North America Plastic Caps and Closures Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Plastic Caps and Closures Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Plastic Caps and Closures Market Size and Volume Forecast by Applications
     7.4.1. Food and Beverages Cosmetic and Toiletries Pharmaceutical Other Applications
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Plastic Caps and Closures Demand Share Forecast, 2019-2026
8. Latin America Plastic Caps and Closures Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Plastic Caps and Closures Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Plastic Caps and Closures Market Size and Volume Forecast by Applications
     8.4.1. Food and Beverages Cosmetic and Toiletries Pharmaceutical Other Applications
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Plastic Caps and Closures Demand Share Forecast, 2019-2026
9. Europe Plastic Caps and Closures Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Plastic Caps and Closures Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Plastic Caps and Closures Market Size and Volume Forecast by Applications
     9.4.1. Food and Beverages Cosmetic and Toiletries Pharmaceutical Other Applications
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Plastic Caps and Closures Demand Share Forecast, 2019-2026
10. Asia Pacific Plastic Caps and Closures Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Plastic Caps and Closures Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Plastic Caps and Closures Market Size and Volume Forecast by Applications
     10.4.1. Food and Beverages Cosmetic and Toiletries Pharmaceutical Other Applications
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Plastic Caps and Closures Demand Share Forecast, 2019-2026
11. Middle East & Africa Plastic Caps and Closures Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Plastic Caps and Closures Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Plastic Caps and Closures Market Size and Volume Forecast by Applications
     11.4.1. Food and Beverages Cosmetic and Toiletries Pharmaceutical Other Applications
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Plastic Caps and Closures Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Plastic Caps and Closures Market: Market Share Analysis
  12.2. Plastic Caps and Closures Distributors and Customers
  12.3. Plastic Caps and Closures Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Amcor Ltd. Aptar Group Inc. Silgan Holdings Inc. Berry Global Inc. Crown Holdings Inc. Comar LLC Phoenix Closures, Inc. Guala Closures Group
Segments Covered in the Report
The global plastic caps and closures market has been segmented on the basis of

Applications
  • Food and Beverages
  • Cosmetic and Toiletries
  • Pharmaceutical
  • Other Applications
Raw Materials
  • Low-Density Polyethylene [LDPE]
  • Polypropylene [PP]
  • High-Density Polyethylene [HDPE]
  • Polyethylene Terephthalate [PE]
  • Other Raw Materials
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Amcor Ltd.
  • Aptar Group Inc.
  • Silgan Holdings Inc.
  • Berry Global Inc.
  • Crown Holdings Inc.
  • Comar LLC
  • Phoenix Closures, Inc.
  • Guala Closures Group

Key players competing in the global plastic caps and closures market include Amcor Ltd., Aptar Group Inc., Silgan Holdings Inc., Berry Global Inc., Crown Holdings Inc., Comar LLC, Phoenix Closures, Inc., and Guala Closures Group. Some of these players are focused on several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

  • In January 2020, Silgan Holdings Inc acquired Albea’s dispensing business for USD 900 million.

  • In January 2020, Berry Global Group Inc, raised investment to add capacity for breathable films of USD 20 million.

    Plastic Caps and Closures Market By Key Players

Buy Report