Plastic Caps and Closures Market Increase in demand for bottled water, need for convenience, concerns about product safety & security, product differentiation & branding, and decreasing package sizes are driving the market for plastic caps & closures. However, the development of substitutes is expected to restrain this market. Emerging economies are expected to offer significant growth opportunities to manufacturers of plastic caps & closures. The major challenge faced by players is the mature market in developed regions.
The Global Plastic Caps and Closures Market is expected to reach USD 51.96 billion by 2025, from USD 38.87 billion in 2017 growing at a CAGR of 5.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Plastic Caps and Closures Market which would mention How the Covid-19 is affecting the Plastic Caps and Closures Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Corrugated Board Players to Combat Covid-19 Impact.
Market Drivers and Restraints:
Product modernization to aid product differentiation and branding
Rising demand for smaller sized packs
Demand from small and medium scale end-users
Lightweight and cost-effective stand-up pouch packaging alternatives
Regulations of environmental degradation on manufacturers and charging taxes
Substitute products availability
Key Players: Global Plastic Caps and Closures Market
Berry Global
Amcor
Crown Holdings
Silgan Holdings
RPC Group
The other players in the market are Bericap, Aptargroup, Closure Systems International, Coral Products, O.Berk Company, LLC, United Caps, Caps & Closures Pty Ltd, Caprite Australia Pty. Ltd, Pano Cap (Canada) Limited, Plastic Closures Limited, Cap & Seal Pvt. Ltd, Phoenix Closures, Alupac India, Hicap Closures, MJS Packaging among others.
MAJOR TOC OF THE REPORT
Chapter One: Plastic Caps and Closures Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Plastic Caps and Closures Market Competition, by Players
Chapter Four: Global Plastic Caps and Closures Market Size by Regions
Chapter Five: Global Plastic Caps and Closures Market Revenue by Countries
Chapter Six: Global Plastic Caps and Closures Market Revenue by Product Type
Chapter Seven: Global Plastic Caps and Closures Market Revenue by Container Type
Chapter Eight: Global Plastic Caps and Closures Market Revenue by Technology
Chapter Nine: Global Plastic Caps and Closures Market Revenue by Raw Material
Chapter Ten: Global Plastic Caps and Closures Market Revenue by Geography
Key Insights in the report:
Historical and current market size and projection up to 2025
Market trends impacting the growth of the global plastic caps and closures market
Analyze and forecast the plastic caps and closures market on the basis of product type, container type, technology, raw material and end-use sector.
Trends of key regional and country-level markets for product type, container type, technology, raw material and end-use sector.
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Key Questions Answered in Report:
What is the key to the Plastic Caps and Closures Market?
What will the Plastic Caps and Closures Market Demand and what will be Growth?
What are the latest opportunities for Plastic Caps and Closures Market in the future?
What are the strengths of the key players?
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