Global plastic caps market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The plastic caps are the products that play a major role in packaging and are responsible for upholding the integrity of the product packing. It is a cost-effective sealing solution.
The factors that are playing a major role in the growth of the market are the developing branding and product differentiation, the growing demand for bottled water from end-users, and the growing concern regarding product security and safety. However, the presence of alternatives may restrain overall market growth in the years to come. Market is segmented based on product type, container type, technology, material, end-user and region.
Dispensing caps and screw-on caps are the product types that could be explored in plastic caps market and is estimated to lead the overall market in the years to come. Screw-on caps sector accounted for the substantial market share of plastic caps market and is estimated to continue its dominance in the years to come. The reason could the growing demand from pharmaceutical and food & beverage industries.
Glass, plastic, and other container types could be explored in the market in the forecast period. The plastic sector is estimated to grow at the highest CAGR in the years to come. The reason could be its lightweight, cost-efficient, and are economical. Based on technology, the post-old TE band, compression molding, and injection molding could classify plastic caps in the forecast period.
PVC, PP, PET, LDPE, HDPE, and other raw materials could be explored in plastic caps market in the forecast period. The market could be categorized based on end-users like personal care & homecare, beverages, pharmaceuticals & healthcare, food, chemical industry, automotive industry, and others could be explored in the forecast period.
Globally, Asia Pacific accounted for the substantial share of plastic caps industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be developing industries like personal care, beverage, and healthcare, the rising disposable income, and the growing population. The developing countries like India and China are the major consumer of plastic caps in this region. The key players of the plastic caps market are BERICAP GmBh & Co. KG, Berry Global, Inc., Silgan Holdings Inc., Aptar Group Inc., Global Closure Systems, and Evergreen Packaging Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Leading players of Plastic Caps including:
• Berry Plastics
• Aptar Group
• Oriental Containers
• Mold Rite Plastics
• Blackhawk Molding
Market split by Type, can be divided into:
• PP Caps
• PE Caps
• Other Materials
Market split by Application, can be divided into:
• Beverage Industry
• Pharmaceutical Industry
• Personal Care Products
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA