According to IMARC Group’s latest report, titled “Plastic Caps and Closures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global plastic caps and closure market reached US$ 41.6 Billion in 2020. Plastic caps and closures are a part of product packaging, which is lightweight, durable, versatile, and resistant to high temperatures. They protect products from contamination, microbial spoilage, and other environmental factors. They also enhance the aesthetics and functionality of products and make their handling convenient during transportation. As a result, they are widely employed in the food and beverage (F&B), chemicals, pharmaceuticals, and cosmetics industries across the globe.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

 

Plastic caps and closures offer numerous advantages over caps and closures made using other materials, such as metal and rubber. This, in confluence with the increasing demand for packaged water, alcoholic drinks, and noncarbonated beverages, represents one of the key factors strengthening the market growth. Besides this, due to rising environmental concerns, manufacturers around the world are employing bioplastics to produce plastic caps and closures. They are also utilizing holographic and QR+ technologies to ensure the safety of products, which is creating a favorable market outlook. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

 

Competitive Landscape:

  • Berry Global
  • Amcor
  • Crown Holdings
  • Silgan Holdings
  • RPC Group
  • Bericap
  • AptarGroup, Inc
  • Closure Systems International
  • Coral Products
  • Berk Company, LLC
  • United Caps
  • Caps & Closures Pty Ltd
  • Caprite Australia Pty. Ltd
  • Pano Cap (Canada) Limited
  • Plastic Closures Limited
  • Cap & Seal Pvt. Ltd.
  • Phoenix Closures
  • Alupac India
  • Hicap Closures
  • MJS Packaging.

Market Segmentation:

 

Breakup by Product Type:

  • Screw-On Caps 
  • Dispensing Caps 
  • Others 

 

Breakup by Raw Material:

  • PET 
  • PP 
  • HDPE 
  • LDPE 
  • Others 

Breakup by Container Type:

  • Plastic 
  • Glass 
  • Others

Breakup by Technology:

  • Injection Molding 
  • Compression Molding 
  • Post-Mold Tamper-Evident Band 

 

Breakup by End-Use:

  • Beverages 
  • Industrial Chemicals 
  • Food 
  • Cosmetics 
  • Household Chemicals 
  • Pharmaceuticals 
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

 

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Key highlights of the report:                                                         

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

 

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

 

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