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Global $33 Bn Plastic Caps and Closures Market, Competition Forecast & Opportunities, 2024 - ResearchAndMarkets.com

November 5, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 5, 2019--

The “Global Plastic Caps and Closures Market, By Product Type, By Material (Polyethylene (PE); Polypropylene (PP)), By Technology (Injection Molding; Compression Molding), By End Use Industry, By Region, Competition Forecast & Opportunities, 2024” report has been added to ResearchAndMarkets.com’s offering.

The Global Plastic Caps and Closures Market is projected to cross $ 33 billion by 2024 on account of increasing utilization of plastic caps and closures in various end-user industries for packaging backed by high flexibility, durability and versatility offered by plastic.

Moreover, with the increasing trend of convenience packaging, the demand for plastic caps and closures is anticipated to increase in the coming years. Additionally, rising disposable income and trend of e-commerce shopping are further likely to positively influence the growth of the market during the forecast period. However, strict policies pertaining to the use of plastic in various economies can act as challenge for the growth of the market.

The Global Plastic Caps and Closures Market can be classified based on product type, material, technology and end-use industry. Based on the product type, the market has been segmented into screw-on caps, dispensing caps, among others. Screw-on caps segment is likely to command over 50% of the market share during the forecast period as these caps are cost-effective when compared with other counterparts and are tamper evident.

In terms of regional analysis, the market can be segmented into North America, South America, Asia-Pacific, Middle East & Africa and Europe. Asia-Pacific accounted for the largest share in the 2018 and the region is expected to continue its market dominance during forecast period as well on account of surging population, rising per capita income and booming food & beverages industry in the region.

Major players operating in the Global Plastic Caps and Closures Market include Bericap Holdings, Berry Global, Crown Holdings, Silgan Holdings, AptarGroup, Reynolds Group Holdings Limited, Rexam PLC, Guala Closures Group, Bericap GmbH Co. & Kg, among others.

Caps and closures market is highly fragmented, with top five commanding for around 12% of the overall market share. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market.

The market is witnessing consolidation with a string of mergers & acquisitions and new product developments. In 2019, AptarGroup launched closures made from recycled resin.

Years considered for this report:

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Plastic Caps and Closures Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Screw-On Caps; Dispensing Caps) By Dispensing Cap Type (Aerosol Sprays; Flip Flop Caps; Push-Pull Caps; Pumps; Trigger Caps)

5.2.2. By Material (PE; PP)

5.2.3. By Technology (Injection Molding; Compression Molding)

5.2.4. By End Use Industry (Food; Beverages; Household & Personal Care; and Pharmaceuticals)

5.2.5. By Region

5.2.6. By Company (2018)

5.3. Market Attractiveness Index

6. Asia-Pacific Plastic Caps and Closures Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type By Dispensing Cap Type

6.2.2. By Technology

6.2.3. By Material

6.2.4. By End Use Industry

6.2.5. By Country (China; India; Japan; South Korea; Singapore; Australia; and Rest of Asia Pacific)

6.3. Market Attractiveness Index

6.4. Asia-Pacific: Country Analysis

7. Europe Plastic Caps and Closures Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type By Dispensing Cap Type

7.2.2. By Technology

7.2.3. By Material

7.2.4. By End Use Industry

7.2.5. By Country (UK; Italy; Spain; France; Germany and Rest of Europe)

7.3. Market Attractiveness Index

7.4. Europe: Country Analysis

8. North America Plastic Caps and Closures Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type By Dispensing Cap Type

8.2.2. By Technology

8.2.3. By Material

8.2.4. By End Use Industry

8.2.5. By Country (United States; Canada; Mexico and Rest of North America)

8.3. Market Attractiveness Index

8.4. North America: Country Analysis

9. South America Plastic Caps and Closures Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type By Dispensing Cap Type

9.2.2. By Technology

9.2.3. By Material

9.2.4. By End Use Industry

9.2.5. By Country (Brazil; Argentina; Colombia; and Rest of South America)

9.3. Market Attractiveness Index

9.4. South America: Country Analysis

10. Middle East and Africa Plastic Caps and Closures Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type By Dispensing Cap Type

10.2.2. By Technology

10.2.3. By Material

10.2.4. By End Use Industry

10.2.5. By Country (UAE; Saudi Arabia; South Africa; Qatar and Rest of Middle East & Africa)

10.3. Market Attractiveness Index

10.4. MEA: Country Analysis

11. Market Dynamics

11.1. Impact Analysis

11.2. Drivers

11.3. Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1. Competition Outlook

13.2. Company Profiles (Leading 10 Companies)

13.2.1. Bericap GmbH Co. & Kg

13.2.2. Berry Global Inc.

13.2.3. Crown Holdings Inc.

13.2.4. Silgan Holdings

13.2.5. AptarGroup Inc

13.2.6. The Carry Company

13.2.7. Guala Closures Group

13.2.8. Coral Products PLC

13.2.9. United Caps

13.2.10. Phoenix Packaging

14. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/atil9

View source version on businesswire.com:https://www.businesswire.com/news/home/20191105005565/en/

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