Plastic Caps and Closures Market Size, DROT, Porter’s, PEST, Region & Country Revenue Analysis & Forecast Till 2026

The ‘Global Plastic Caps and Closures Market’ Report recently published by Reports and Data provides a comprehensive overview of the Plastic Caps and Closures market with regards to market share, market size, revenue share, revenue contribution, financial developments, macro- and micro-economic factors, and overall industry outlook. The report includes beneficial insights about the market dynamics, profit margins, market share, gross revenue, and other fundamental segments of the market for the forecast period -2026. Furthermore, the report also discusses the business strategies undertaken by the companies to gain the market share and a larger consumer base and offers strategic recommendations to established companies and new entrants.

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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

·       O.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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