Plastic Caps and Closures Market 2023 Size, Share, Segmentation, SWOT Analysis Including Key Players

in #plastic2 months ago

Plastic Caps and Closures Market Scope

Global Plastic Caps and Closures Market 2023-2025 gives in-depth insights which includes macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by product type, technology and region, and, as a result, provides a holistic view. The Plastic Caps and Closures market report gives comprehensive description about geographical analysis with regions like United States, Europe, China, Japan, India, Southeast Asia, Latin America, Middle East and Africa. It also includes key player’s analysis with Corporation Basic information, manufacturing base, sales region and competitors, product profiles, application and specification, recent development and SWOT Analysis.

The global plastic caps and closures market size was valued at USD 44.3 billion in 2020 and is expected to expand at a CAGR of 5.2% during the forecast period, reaching USD 57.0 billion by 2025.

The Global Plastic Caps and Closures market Report provides In-depth analysis on the market status of the Plastic Caps and Closures Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe., the Plastic Caps and Closures Market Report contains Full TOC, Tables and Figures, and Chart with Key Analysis, Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by Regions.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 203 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Plastic Caps and Closures Market Dynamics

Driver: Need for convenience and concerns about product safety & security
Restraint: Development of substitutes
Opportunity: Emerging economies
Challenge: Mature markets in developed regions
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Plastic Caps and Closures Key Points:

Define, describe, and forecast plastic caps and closures market by product type, raw material, end use and region.
Provide enterprise external environment analysis and SWOT analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyse the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Plastic Caps and Closures Market Key Players

Berry Group (US)
Crown Holding (US)
AptarGroup (US)
Amcor (Australia)
BERICAP (Germany)
Coral Products (UK)
Silgan Holdings (US)
O.Berk Company, LLC (US)
Guala Closures (Italy)
United Caps (Luxembourg)
Caps & Closures Pty Ltd. (Australia)
Caprite Australia Pty Ltd. (Australia)
Pano Cap Limited (Canada)
Plastic Closures Ltd. (UK)
Cap & Seal Pvt. Ltd. (India)
Phoenix Closures (US)
Alupac India (India)
Hicap Closures (China)
MJS Packaging (US)
J.L. Clark (US)
TriMas (US)
Comar, LLC (US)
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Plastic caps & closures are used to seal contents within containers, safeguard the packaged product, and to extend the shelf life of the product. The cost-effectiveness, low weight, and compatibility of plastic caps & closures play a crucial role in the growth of the overall market. The plastic caps & closures find their application in various end-use sectors, such as beverage, pharmaceutical, food, and personal & home care, among others. Increase in demand for bottled water, need for convenience, concerns about product safety & security, product differentiation & branding, and decreasing package sizes are major factors driving the plastic caps & closures market.

In terms of value, the post-mold TE band segment is projected to account for the largest share of the plastic caps & closures market, by technology, during the forecast period.

In the post-mold technology, slitting is a secondary operation to achieve tamper-evident plastic caps & closures. The molding and slitting of plastic caps & closures in the injection or compression molding machine are time-consuming and capital intensive. Therefore, the slitting of plastic caps & closures is a separate process as this process is cost-effective and time-effective against slitting in the molding machine.

The screw-on caps segment is projected to be the fastest-growing product type in the plastic caps & closures market during the forecast period.

A plastic screw closure is a well-engineered product that is screwed on and off on a container. These closures contain either continuous threads or lugs. It must be engineered and designed to be cost-effective, compatible with contents, easy to open; provide an effective seal; and should comply with the product, package, and environmental laws and regulations. In the beverages industry, plastic caps & closures are tamper-resistant, which further helps tackle the issues of counterfeiting. A tamper-evident band is a common tamper warning for screw caps of bottles.

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The pharmaceutical industry is projected to register the highest CAGR during the forecast period.

It is very important to maintain the quality of pharmaceutical products during the manufacturing process. Pharmaceutical products can be contaminated through air particles, dust, and microorganisms. To avoid contamination, plastic caps & closures are used to seal the medicines in the pharmaceutical industry. The packaging of healthcare products is of utmost importance to protect the contents from air, dust, and moisture. An increase in chronic ailments, an increase in the aging population, and a rise in disposable income in developing nations drive the demand for healthcare products, thereby driving the demand for plastic caps & closures.

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics.
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed based on how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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