The global Plastic Caps & Closures market was valued at US$ 15220 million in 2020 and it is expected to reach US$ 21070 million by the end of 2027, growing at a CAGR of 4.3% during 2021-2027.
Caps & Closures are an important part of packaging and containers such as bottles, cans, tubes, stand-up Pouches and others. Often, they do not only serve to open the container, but also offer the option to reseal it.
Due to the fragile properties of glass and its high cost, the demand for glass bottles is decreasing throughout the world and its place is being taken by plastic bottles and containers. PET bottles are being preferred over glass as they are easy to transport over long distances and to avoid breakages.
Global Plastic Caps & Closures Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Plastic Caps & Closures Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Berry Global, Aptar Group, Evergreen Packaging, Global Closure Systems, Silgan Holdings, RPC Group, Crown Holdings, Amcor, Rexam, Guala Closures Group, BERICAP GmbH Co. & KG and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-plastic-caps-closures-market-outlook
Segment by Type
- Screw Caps
- Dispensing Caps
- Other Plastic Caps
Segment by Application
- Food & Beverage
Table of Content:
1 Plastic Caps & Closures Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Plastic Caps & Closures Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Plastic Caps & Closures Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta