Plastic Caps and Closures Market Size, Analysis And Demand With Forecast To 2023Packaging Machinery Wholesale & ManufacturersUpdated on Sep 9, 2020 View more like this | Visit India, UN | Contact sagark |
Summary
Global Plastic Caps and Closures Industry By Type (Screw Caps, Dispensing Caps, and Closures), By Material (Polypropylene, Polyethylene and Polystyrene), By End-User (Food & beverages, Pharmaceutical and Personal Care), By Region – Forecast to 2023
Overview
The global Plastic Caps and Closures Market Size, is expected to exhibit a strong 5.22% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global Plastic Caps and Closures Market Size, is mainly driven by the growing demand for plastics in the global packaging industry, but held back by the increasing awareness about the adverse effects of plastic waste on the environment.
Competitive Analysis
Leading players in the global Plastic Caps and Closures Market Size, include
Guala Closures Group
Phoenix Closures Inc.
TriMas
Alcoa Corporation
AptarGroup
Comar LLC
Global Closure Systems
Silgan Holdings Inc
Amcor Limited
Segmentation
The global Plastic Caps and Closures Market Size is segmented on the basis of type, material, end use, and region.
By type, the global Plastic Caps and Closures Market is segmented into screw caps, dispensing caps, and closures. The screw caps segment is likely to dominate the global Plastic Caps and Closures Market Size, over the forecast period due to the widespread use of screw plastic caps.
By material, the market is segmented into polypropylene, polyethylene, and polystyrene. The polypropylene segment is likely to play a key role in the development of the Plastic Caps and Closures Market Size, over the forecast period due to its growing demand.
Regional Analysis
The Americas segment dominates the global Plastic Caps and Closures Market and is likely to retain the lead over the forecast period due to the growing demand for bottled beverages, personal care products, and healthcare products in the U.S. and Canada.
Europe is also a leading regional market for plastic caps and closures, due to the growing demand for bottled healthcare and personal care products.
Asia Pacific is expected to exhibit rapid growth in the global Plastic Caps and Closures Market Size, over the forecast period due to the growing fast food industry in the region and the growing demand for bottled beverages of various kinds.
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