Domain: Packaging | Report Code: INL6210 | Published: Nov 2021 | Report Pages: 231 | Format: PDF, Excel | No of Tables: 73 | No of Figures: 129
The global plastic caps and closures market size is projected to grow from USD 45.73 billion in 2020 to USD 56.90 billion by 2025, at a CAGR of 5.32% between 2020 and 2025. People are now turning to buying panic and more shares for fear of locks. Many people order daily basic food and fresh food through online channels, leading to an increase in demand for plastic caps and closures. FMCG companies are responding to demand for more of these packaging products. The demand for plastic caps and closures in the pharmaceutical industry is expected to remain strong as hospitals, drugs, and PPE manufacturers respond to this problem. Demand for essential household items, health care, and medical supplies is not expected to decrease significantly, and the distribution of these types of products by online delivery can be expected to increase. This, in turn, increases the demand for plastic caps and the timely closure of used items and finished goods to their respective users.
Plastic caps and closures Market: Regional Outlook
The Plastic caps and closures market has spread its wings globally and covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is a fast-growing region in the world of Plastic caps and closures markets. Countries like India and China are countries that are coming in when the demand for these luxury items is high due to rising income. Moreover, North America is a thriving market for Plastic caps and closures due to the development of awareness of the Plastic caps and closures brand among the people.
Plastic caps and closures market trends, company wise Plastic caps and closures production/sales volume, type, application, technology, raw material, end-user, geographical location, pricing etc. are considered for each of the major players at regional as well as country levels. Leading Plastic caps and closures players with brands like Berry Group, Crown Holding, AptarGroup, Amcor, Coral Products, BERICAP, Silgan Holdings, O.Berk Company, LLC, Guala Closures, United Caps, Caps & Closures Pty Ltd., Caprite Australia Pty Ltd., Pano Cap Limited, Plastic Closures Ltd., Cap & Seal Pvt. Ltd., Phoenix Closures, Alupac India, Hicap Closures, MJS Packaging, J.L. Clark, TriMas, and Comar, LLC are trying to capitalize on this ever-growing Plastic caps and closures market.
Global Plastic caps and closures Market Segmentation –
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Note: The Plastic caps and closures report includes the top 10 key players and market share analysis for 2021. If needed or requested, players can be added/ altered.