Plastic Caps and Closures Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Plastic Caps and Closures Market is accounted for $38.83 billion in 2017 and is expected to reach $65.04 billion by 2026 growing at a CAGR of 5.9% from 2017 to 2026.

Gaithersburg, Maryland, United States - March 8, 2019 /MarketersMedia/ —

Some of the factors such as increasing disposal incomes, rising demand for smaller sized packs and innovation in packaging are fuelling the market growth. However, factors such as fluctuating raw material prices and availability of substitutes are restraining the market growth.

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Plastic caps & closures serve a variety of various end user industries segment such as Chemical & Fertilizers, Personal & Homecare, Cosmetics, Household Chemicals, Industrial Chemicals etc. due to its Versatility, durability, and flexibility afforded by plastic coupled with its economical production rate make it final components of packaging. Caps & closures are the viable choice for packaging and are responsible for maintaining the integrity of the product packing. Caps & closures use PET, PP, and PE as the primary raw materials for manufacturing. Industries rely heavily on the plastic caps & closures as they provide a cost-effective sealing solution.

Amongst Raw Material, Polypropylene (PP) segment held significant market share during the forecast period. Polypropylene (PP) caps and closures are autoclavable and are known for durability, cost-effectiveness, thermal resistance, and pliability. They are suitable for many dry products and provide the necessary stress-crack resistance. By geography, the Asia Pacific region is dominating the market during the forecast period due to the growing population, rising number of standards in building codes and increasing food & beverage industry.

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Some of the key players in Plastic Caps and Closures market include Amcor, RPC Group, Closure Systems International, United Caps, Pano Cap (Canada) Limited, Phoenix Closures, MJS Packaging, Bericap, Caps & Closures Pty Ltd, Hicap Closures, Alupac India, Aptargroup, Silgan Holdings, Crown Holdings, Cap & Seal Pvt. Ltd, Caprite Australia Pty. Ltd, Coral Products, O.Berk Company, LLC, Berry Global and Plastic Closures Limited.

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Containers Covered:
Glass
Plastic

Raw Materials Covered:
Thermosets
Thermoplastics

Products Covered:
Dispensing Caps
Screw Caps
Closures
Unthreaded
Other Products

Technologies Covered:
Compression Molding
Post-Mold Tamper-Evident Band
Injection Molding

End Users Covered:
Pharmaceuticals
Chemical & Fertilizers
Personal & Homecare
Cosmetics
Automotive Industry
Food
Beverages
Other End Users

Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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