Plastic Caps and Closure Market Report 2018 - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 19, 2018--The “Plastic Caps and Closure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global plastic caps and closure market was worth US$ 35.2 Billion in 2017.
Caps and closures are the final components of the packaging process, they also represent one of the most important parts of the entire process on which the product integrity depends upon. Plastic caps and closures are crucial components in product packaging and play a key role in enhancing the aesthetics and functionality of the products. They are currently used across a number of different industries such as pharmaceuticals, food and beverages, cosmetic products, household goods, etc.
The demand of plastic caps and closures is currently exhibiting strong growth. Plastic caps and closures offer significant advantages over caps and closures made up of other materials such as metal, rubber, etc. Plastic is more economical, versatile, durable, light and resistant to corrosion. Moreover, driven by its lighter weight, it results into a lower transportation cost. PET, PP, HDPE, LDPE, etc. are some of the primary raw materials used in making plastics caps and closures.
Beverages currently represent the biggest end use sector for plastic caps and closures. We expect the global beverages market to grow at a CAGR of 3% over the next five years creating a positive impact on the demand of caps and closures. The popularity of plastic in beverage caps and closures has been increasing driven by its cost-effectiveness, durability, customizability and chemical stability.
Apart from alcoholic and non-alcoholic beverages, the demand of plastic caps and closures is also increasing in numerous other end use industries such as chemicals, food, pharmaceuticals, cosmetics, etc.
Looking forward, the market value is projected to reach US$ 48.3 Billion by 2023, expanding at a CAGR of around 5% during 2018-2023.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Plastic Caps and Closures Market
6 Market Breakup by Product Type
7 Market Breakup by Raw Material
8 Market Breakup by Container Type
9 Market Breakup by Technology
10 Market Breakup by End-Use
11 Market Breakup by Region
12 Plastic Caps & Closures Manufacturing Process
13 Competitive LandscapeBerry Global Amcor Crown Holdings Silgan Holdings RPC Group Bericap AptarGroup Inc 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.
For more information about this report visit https://www.researchandmarkets.com/research/bfzxwf/plastic_caps_and?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005434/en/
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Related Topics:Plastics,Plastic Packaging
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PACKAGING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/19/2018 09:28 AM/DISC: 12/19/2018 09:29 AM