Summary
Global Plastic Caps and Closures Industry By Type (Screw Caps, Dispensing Caps, and Closures), By Material (Polypropylene, Polyethylene and Polystyrene), By End-User (Food & beverages, Pharmaceutical and Personal Care), By Region – Forecast to 2023
Overview
The growing demand for packaged beverages and personal care products is likely to be the major driver for the Plastic Caps and Closures Market over the forecast period. However, the Plastic Caps and Closures Market is also restrained by the growing awareness about the adverse effect plastic plays in environmental protection, i.e. the growing generation of nonbiodegradable plastic waste.
Competitive Analysis
Leading players in the global Plastic Caps and Closures Market include
Guala Closures Group
Phoenix Closures Inc.
TriMas
Alcoa Corporation
AptarGroup
Comar LLC
Global Closure Systems
Silgan Holdings Inc
Amcor Limited
Segmentation
The global Plastic Caps and Closures Market is segmented on the basis of type, material, end use, and region.
By end use, the global Plastic Caps and Closures Market is segmented into personal care, pharmaceuticals, food and beverages, and others. The food and beverage industry is expected to be the major end user in the global Plastic Caps and Closures Market over the forecast period due to the growing demand for bottled beverages.
Regional Analysis
The Americas segment dominates the global Plastic Caps and Closures Market and is likely to retain the lead over the forecast period due to the growing demand for bottled beverages, personal care products, and healthcare products in the U.S. and Canada.
Europe is also a leading regional market for plastic caps and closures, due to the growing demand for bottled healthcare and personal care products.
Asia Pacific is expected to exhibit rapid growth in the global Plastic Caps and Closures Market over the forecast period due to the growing fast food industry in the region and the growing demand for bottled beverages of various kinds.
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