According to TechSci Research report, “Global Plastic Caps and Closures Market By Product Type, By Material, By Technology, By End Use Industry, By Region, Competition Forecast & Opportunities, 2024”, the global plastic caps and closures market is expected to grow at a CAGR of over 5% during the forecast on account of growing demand for convenience packaging and rising concerns pertaining to the quality and safety of products. Furthermore, plastic caps and closures find applications in various end user industries such as beverages, household and personal care, pharmaceuticals, among others which is further positively influencing the growth of the market. However, increasing concern pertaining to the biodegradability and carcinogenicity of plastic can act as a challenge for the growth of the market.

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Global plastic caps and closures market can be segmented based on product type, material, technology, end use industry and region. On the basis of product type, the market can be segmented into screw-on caps, dispensing caps, among others. Screw-on caps is anticipated to grow at the highest rate during the forecast period due to lightweight and cost-effectiveness of these caps. Moreover, screw-on caps can be used to pack various kinds of products which is further driving their demand.

The major players operating in the plastic caps and closures market include RPC Group PLC, Reynolds Group Holdings Limited, Crown Holdings Inc., Rexam PLC, Berry Plastics Corporation, Silgan Holdings Inc., Aptargroup Inc., Guala Closures Group, Bericap GmbH Co. & Kg, Amcor Limited, among others. The companies operating in the market are using organic strategies such as product launches, and mergers and collaborations in order to register positive growth in the market.

“Global plastic caps and closures market is anticipated to witness growth during the forecast period as plastic caps and closures provide cost-effective sealing solution. Furthermore, durability, versatility and flexibility offered by the plastic makes them viable choice for packaging which is further anticipated to drive demand for plastic caps and closures over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on "Global Plastic Caps and Closures Market" @ https://www.techsciresearch.com/report/plastic-caps-and-closures-market/4142.html

“Global Plastic Caps and Closures Market By Product Type, By Material, By Technology, By End Use Industry, By Region, Competition Forecast & Opportunities, 2024” has evaluated the future growth potential of global plastic caps and closures market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global plastic caps and closures market.

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