Dublin, June 06, 2018 (GLOBE NEWSWIRE) -- The "Plastic Caps and Closures Market by Product Type, Technology, Raw Material, End-use Sector, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The plastic caps and closures market size is projected to grow from USD 40.52 billion in 2018 to USD 51.67 billion by 2023, at a CAGR of 4.99%.
The plastic caps and closures market is driven by factors such as rising demand from end-use industries such as pharmaceuticals and beverages as well as rising concerns about the quality and safety of the product. The plastic caps and closures market is threatened by the growing usage of packs without closures such as pouch and blister packaging. Other substitutes such as metal caps & closures restrain the growth of the plastic caps and closures market.
PP (polypropylene) as a raw material accounted for the largest market in 2017 for plastic caps and closures. The growth and high demand for PP as a raw material for manufacturing of plastic caps and closures can be attributed to the fact that it is economical, has a long life span, and is resistant to extreme conditions.
The Asia Pacific market is projected to be the fastest-growing market during the forecast period. It is also projected to have the largest share due to increasing commercialization and increased demand for packaged goods in the region. The market in China and India is projected to be lucrative due to their rising middle-class population and rising consumer spending on packaged products.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Plastic Caps & Closure Market
4.2 Plastic Caps and Closures Market, By Product Type
4.3 Plastic Caps and Closures Market, By Technology
4.4 Plastic Caps and Closures Market, By Conatiner Type
4.5 Plastic Caps and Closures Market, By Raw Material
4.6 Plastic Caps and Closures Market, By End-Use Sector
4.7 Plastic Caps and Closures Market: Regional Snapshot
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Demand for Bottled Water
5.2.1.2 Need for Convenience and Concerns About Product Safety & Security
5.2.1.3 Product Differentiation & Branding and Decreasing Package Sizes
5.2.2 Restraints
5.2.2.1 Development of Substitutes
5.2.3 Opportunities
5.2.3.1 Emerging Economies
5.2.4 Challenges
5.2.4.1 Matured Markets in Developed Regions
6 Plastic Caps and Closures Market, By Product Type
6.1 Introduction
6.2 Screw-On Caps
6.3 Dispensing Caps
6.4 Others
7 Plastic Caps and Closures Market, By Container Type
7.1 Introduction
7.2 Plastic
7.3 Glass
8 Plastic Caps and Closures Market, By Technology
8.1 Introduction
8.2 Injection Molding
8.3 Compression Molding
8.4 Post-Mold Tamper-Evident Band
9 Plastic Caps and Closures Market, By Raw Material
9.1 Introduction
9.2 HDPE (Polyethylene)
9.3 LDPE (Polyethylene)
9.4 PP (Polypropylene)
9.5 Others
10 Plastic Caps and Closures Market, By End-Use Sector
10.1 Introduction
10.2 Beverages
10.3 Food
10.4 Pharmaceuticals
10.5 Personal & Homecare
10.6 Others
11 Plastic Caps and Closures Market, By Region
12 Competitive Landscape
12.1 Overview
12.2 Competitive Scenario
12.2.1 Expansions & Investments
12.2.2 Mergers & Acquisitions
12.2.3 Agreements, Contracts, and Strategic Alliances
12.2.4 New Product and Technology Launches
13 Company Profiles
13.1 Berry Global
13.2 Amcor
13.3 Crown Holdings
13.4 Silgan Holdings
13.5 RPC Group
13.6 Bericap
13.7 Aptargroup
13.8 Closure Systems International
13.9 Coral Products
13.10 O.Berk Company, LLC
13.11 Additional Companies
13.11.1 United Caps
13.11.2 Caps & Closures Pty Ltd
13.11.3 Caprite Australia Pty. Ltd
13.11.4 Pano Cap (Canada) Limited
13.11.5 Plastic Closures Limited
13.11.6 Cap & Seal Pvt. Ltd
13.11.7 Phoenix Closures
13.11.8 Alupac India
13.11.9 Hicap Closures
13.11.10 MJS Packaging
For more information about this report visit https://www.researchandmarkets.com/research/z2s2vn/plastic_caps_and?w=12
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