Plastic Caps and Closures Market Scope 2023 : Size, Share, Growth Outlook and Global Analysis by Top Key Players

 Plastic Caps and Closures Market Scope

MarketsandMarkets™ has published a brand-new report titled Plastic Caps and Closures Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2025 that includes extensive information and analysis of the industry dynamics. The opportunities and challenges in the report’s dynamical trends might be useful for the worldwide Plastic Caps and Closures Market. The study provides an outline of the market’s foundation and organizational structure and forecasts an increase in market share. The study offers a comprehensive analysis of the Plastic Caps and Closures Market size, present revenue, regular deliverables, share, and profit projections. The study report includes a sizable database on future market forecasting based on an examination of previous data.

The global plastic caps and closures market size is projected to grow from USD 44.3 billion in 2020 to USD 57.0 billion by 2025, at a CAGR of 5.2% between 2020 and 2025.

The report offers thorough explanations of SWOT and PESTLE analyses depending on changes in the region and industry. It sheds light on risks, obstacles, and uncertainties, as well as present and future possibilities and challenges in the market.

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Who are the leading players in Plastic Caps and Closures market?

The plastic caps and closures market is a highly competitive industry, with numerous vendors operating globally. Here are some of the key players in the market:

• Berry Group (US)
• Crown Holding (US)
• AptarGroup (US)
• Amcor (Australia)
• BERICAP (Germany)
• Coral Products (UK)
• Silgan Holdings (US)
• O.Berk Company
• LLC (US)
• Guala Closures (Italy)
• United Caps (Luxembourg)
• Caps & Closures Pty Ltd. (Australia)
• Caprite Australia Pty Ltd. (Australia)
• Pano Cap (Canada) Limited (Canada)
• Plastic Closures Ltd. (UK)
• Cap & Seal Pvt. Ltd. (India)
• Phoenix Closures (US)
• Alupac India (India)
• Hicap Closures (China)
• MJS Packaging (US)
• J.L. Clark (US)
• TriMas (US)
• Comar, LLC (US)

Plastic Caps and Closures Industry Growth & Demand in North America

The plastic caps and closures industry in North America has been experiencing steady growth in recent years. The increasing demand for packaged consumer goods, including food and beverages, pharmaceuticals, personal care products, and household chemicals, has been a driving factor in the industry's growth. Additionally, the rise of e-commerce and the need for secure packaging for online orders has further fueled the demand for plastic caps and closures.

the plastic caps and closures industry in North America was experiencing steady demand due to the growth of various end-use sectors, such as food and beverage, pharmaceuticals, personal care, and household chemicals. Plastic caps and closures are widely used in packaging applications due to their durability, versatility, and cost-effectiveness.

The increasing demand for convenience and sustainable packaging solutions has led to the development of innovative and eco-friendly plastic caps and closures. Manufacturers are focusing on producing lightweight, recyclable, and biodegradable plastic closures to meet the evolving market demand.

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The screw-on caps segment is projected to be the fastest-growing product type in the plastic caps & closures market during the forecast period.

A plastic screw closure is a well-engineered product that is screwed on and off on a container. These closures contain either continuous threads or lugs. It must be engineered and designed to be cost-effective, compatible with contents, easy to open; provide an effective seal; and should comply with the product, package, and environmental laws and regulations.

The pharmaceutical industry is projected to register the highest CAGR during the forecast period.

It is very important to maintain the quality of pharmaceutical products during the manufacturing process. Pharmaceutical products can be contaminated through air particles, dust, and microorganisms. To avoid contamination, plastic caps & closures are used to seal the medicines in the pharmaceutical industry.