The research report on the Global Plastic Caps and Closures Market gives a comprehensive review of the Plastic Caps and Closures industry and includes information about market size, market share, product and application, current and emerging trends, and regional analysis. The report provides detailed analysis of the competition in the Plastic Caps and Closures market with extensive profiling of the companies to offer a better understanding of the competitive landscape on a global level.
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Key companies operating in the market and profiled in the report include:
Amcor
Berry Global
Silgan Holdings
Crown Holdings
Bericap
RPC Group
Closure Systems International
Aptar Group
Berk Company, LLC
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Further key findings from the report suggest
The plastic caps and closures market held a market share of USD 41.17 Billion in the year 2018 with a growth rate of 4.4% during the forecast period.
In regards to Product type, the Screw-On Caps segment yielded the highest revenue of USD 20.58 Billion in 2018 with the fastest growth rate of 5.0% during the forecast period. The revenue generated by the Screw-On Caps segment is the result of its extensive use in different industries because of its traits like lightweight, cost-effective, user-friendly, can be tamper-evident and provides with enhanced security to the product within the bottle.
In context to Raw Materials, the HDPE (High-Density Polyethylene) segment is projected to witness the fastest growth rate of 5.1% during the forecast period, which is expected to occupy 22.2% of the market by 2026. The growth rate experienced by the HDPE segment is attributed to rising awareness about environmental hazards associated with disposed plastics and recyclability of HDPE, which contributes to its increasing popularity.
In context of End-use, the Foods and Beverages segment holds the largest market share of 51.0% in 2018 with the second-highest growth rate of 4.6% during the forecast period. The market share occupied by the Foods and Beverages segment is the result of the continuous expansion of the beverage industry and the increasing demand for online food delivery sector.
In regards to region, North America holds the second-largest market share of 23.0% in 2018 with a CAGR of 3.5% during the forecast period. Lifestyle changes, the increasing popularity of retail shelf packaging, and rising demand for on-the-go foods are some of the contributing factors for the market share occupied by this region.
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Segments Covered in the report:
Bottle Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
Glass
Plastic
Product Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
Dispensing Caps
Screw-On Caps
Flip-top closures
Easy Pull Bottle Cap
Sports cap
Others
Raw Materials Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
Polypropylene (PP)
HDPE (High-Density Polyethylene)
LDPE (Low-Density Polyethylene)
Others
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Technology Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
Compression Molding
Injection Molding
Post-Mold Tamper-Evident Band
End-use Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
Foods and Beverages
Personal Homecare
Pharmaceuticals
Others
Regional Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026)
North America
Europe
Asia Pacific
MEA
Latin America
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