What is the market size for the plastic caps and closures market?

The Market is expected to grow by $ 11995.3 mn in 2024-2028. <a href='https://www.technavio.com/report/plastic-caps-and-closures-market-analysis'>Read More</a>

What is the CAGR for the plastic caps and closures market?

4.6% CAGR with $ 11995.3 mn Momentum. <a href='https://www.technavio.com/report/plastic-caps-and-closures-market-analysis'>Read More</a>

What is the growth rate of the Plastic Caps And Closures Market market?

4.6% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/plastic-caps-and-closures-market-analysis'>Read More</a>

Which region held the largest market share in the Plastic Caps And Closures Market market?

North America with 38% of the market growth. <a href='https://www.technavio.com/report/plastic-caps-and-closures-market-analysis'>Read More</a>

Who are the prominent players in the Plastic Caps And Closures Market market?

Albea Services SAS, Amcor Plc, AptarGroup Inc., Berry Global Inc., Caprite Australia, Chemco Group, Closure Systems International Inc., Coral Products Plc, Crown Holdings Inc., Guala .... <a href='https://www.technavio.com/report/plastic-caps-and-closures-market-analysis'>Read More</a>

Plastic Caps And Closures Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Germany, Russia, Japan - Size and Forecast 2024-2028

Published: Aug 2024
Pages: 175
SKU: IRTNTR75454

Enjoy complimentary customisation on priority with our Enterprise License!

Plastic Caps and Closures Market Size 2024-2028

The plastic caps and closures market is estimated to grow by USD 11.99 billion, at a CAGR of 4.6% between 2023 and 2028. The market is experiencing significant growth due to several key factors. Firstly, the increasing consumption of packaged beverages worldwide is driving demand for plastic caps and closures. Secondly, the pharmaceutical industry's growing reliance on plastic packaging solutions, including caps and closures, is also contributing to market expansion. Lastly, the demand for innovative and improved packaging designs is propelling the market forward. These factors collectively create a favorable environment for the market's continued growth.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, View Report Sample

Market Dynamics

The market is integral to the beverage and personal care industries, encompasses a wide array of products catering to diverse needs. FMCG companies rely on tamper-evident caps closures to ensure product integrity and consumer safety, particularly in the packaging of bottled water, carbonated and non-carbonated beverages, diet drinks, and sports drinks. Packaging waste concerns drive innovation towards recyclable materials like LDPE and HDPE, while sustainability efforts also explore alternatives such as elastomers, wood, and paperboard. Child-resistant closures and tamper-evident seals further enhance product security. Thermoplastics and thermosets dominate production, offering versatility in manufacturing screw and snap caps closures for ready-to-drink beverages and fruit beverages. As demand grows, the industry continues to evolve, balancing functionality, safety, and environmental responsibility in beverage packaging.

Key Market Driver

The increasing demand for caps and closure from the pharmaceutical industry is notably driving market growth analysis. The aging population and new product innovation by pharmaceutical manufacturers are driving the pharmaceutical industry. In addition, the rising health awareness is increasing the sales of over-the-counter (OTC) drugs. Manufacturers of OTC drugs are introducing specific medicines for treating minor ailments, which, in turn, is increasing their overall sales. The rise in sales is expected to increase the demand for caps and closures for pharmaceuticals.

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

2.2 Market characteristics
- Market characteristics analysis

2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition

3.2 Market segment analysis
- Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Plastic Caps And Closures Market 2018 - 2022
- Historic Market Size - Data Table on Global Plastic Caps And Closures Market 2018 - 2022 ($ million)

4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)

4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)

4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)

4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028

5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)

6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user

6.3 Food and beverages - Market size and forecast 2023-2028
- Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
- Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
- Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
- Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)

6.4 Cosmetics and personal care products - Market size and forecast 2023-2028
- Chart on Cosmetics and personal care products - Market size and forecast 2023-2028 ($ million)
- Data Table on Cosmetics and personal care products - Market size and forecast 2023-2028 ($ million)
- Chart on Cosmetics and personal care products - Year-over-year growth 2023-2028 (%)
- Data Table on Cosmetics and personal care products - Year-over-year growth 2023-2028 (%)

6.5 Pharmaceuticals - Market size and forecast 2023-2028
- Chart on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
- Data Table on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
- Chart on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
- Data Table on Pharmaceuticals - Year-over-year growth 2023-2028 (%)

6.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)

6.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)

7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type

7.3 Polypropylene - Market size and forecast 2023-2028
- Chart on Polypropylene - Market size and forecast 2023-2028 ($ million)
- Data Table on Polypropylene - Market size and forecast 2023-2028 ($ million)
- Chart on Polypropylene - Year-over-year growth 2023-2028 (%)
- Data Table on Polypropylene - Year-over-year growth 2023-2028 (%)

7.4 Polyethylene - Market size and forecast 2023-2028
- Chart on Polyethylene - Market size and forecast 2023-2028 ($ million)
- Data Table on Polyethylene - Market size and forecast 2023-2028 ($ million)
- Chart on Polyethylene - Year-over-year growth 2023-2028 (%)
- Data Table on Polyethylene - Year-over-year growth 2023-2028 (%)

7.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)

9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.11 Russia - Market size and forecast 2023-2028
- Chart on Russia - Market size and forecast 2023-2028 ($ million)
- Data Table on Russia - Market size and forecast 2023-2028 ($ million)
- Chart on Russia - Year-over-year growth 2023-2028 (%)
- Data Table on Russia - Year-over-year growth 2023-2028 (%)

9.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview

11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

11.3 Landscape disruption
- Overview on factors of disruption

11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered

12.2 Market positioning of companies
- Matrix on companies position and classification

12.3 Albea Services SAS
- Albea Services SAS - Overview
- Albea Services SAS - Product / Service
- Albea Services SAS - Key offerings

12.4 Amcor Plc
- Amcor Plc - Overview
- Amcor Plc - Business segments
- Amcor Plc - Key news
- Amcor Plc - Key offerings
- Amcor Plc - Segment focus

12.5 AptarGroup Inc.
- AptarGroup Inc. - Overview
- AptarGroup Inc. - Business segments
- AptarGroup Inc. - Key news
- AptarGroup Inc. - Key offerings
- AptarGroup Inc. - Segment focus

12.6 Berry Global Inc.
- Berry Global Inc. - Overview
- Berry Global Inc. - Business segments
- Berry Global Inc. - Key news
- Berry Global Inc. - Key offerings
- Berry Global Inc. - Segment focus

12.7 Closure Systems International Inc.
- Closure Systems International Inc. - Overview
- Closure Systems International Inc. - Product / Service
- Closure Systems International Inc. - Key offerings

12.8 Coral Products Plc
- Coral Products Plc - Overview
- Coral Products Plc - Product / Service
- Coral Products Plc - Key offerings

12.9 Crown Holdings Inc.
- Crown Holdings Inc. - Overview
- Crown Holdings Inc. - Business segments
- Crown Holdings Inc. - Key news
- Crown Holdings Inc. - Key offerings
- Crown Holdings Inc. - Segment focus

12.10 Guala Closures SpA
- Guala Closures SpA - Overview
- Guala Closures SpA - Business segments
- Guala Closures SpA - Key offerings
- Guala Closures SpA - Segment focus

12.11 HERTI JSC
- HERTI JSC - Overview
- HERTI JSC - Product / Service
- HERTI JSC - Key offerings

12.12 MJS Packaging
- MJS Packaging - Overview
- MJS Packaging - Product / Service
- MJS Packaging - Key offerings

12.13 O.Berk Co. LLC
- O.Berk Co. LLC - Overview
- O.Berk Co. LLC - Product / Service
- O.Berk Co. LLC - Key offerings

12.14 Pelliconi and C SpA
- Pelliconi and C SpA - Overview
- Pelliconi and C SpA - Product / Service
- Pelliconi and C SpA - Key offerings

12.15 Premier Vinyl Solutions Ltd.
- Premier Vinyl Solutions Ltd. - Overview
- Premier Vinyl Solutions Ltd. - Product / Service
- Premier Vinyl Solutions Ltd. - Key offerings

12.16 Silgan Holdings Inc.
- Silgan Holdings Inc. - Overview
- Silgan Holdings Inc. - Business segments
- Silgan Holdings Inc. - Key offerings
- Silgan Holdings Inc. - Segment focus