Jul 10, 2019
The Exhaustive Study for “Global Plastic Caps and Closures Market” report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

July 10, 2019 /MarketersMedia/ —
Global Plastic Caps and Closures Market 2019-2023:
Global “Plastic Caps and Closures Market” 2019 Research report provides information regarding market size, share, trends, growth, cost structure, capacity, revenue and forecast 2023. This report also includes the overall and comprehensive study of the Plastic Caps and Closures market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Plastic Caps and Closures industry and provides data for making strategies to increase the market growth and effectiveness.
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Plastic caps and closures are used for dispensing and sealing in packaging. They ensure inflow and outflow of product to/from the packaging. The materials used in the manufacturing of plastic caps and closures are polypropylene, polyethylene, and polystyrene, among other resins.
The global plastic caps and closures market is expected to register a CAGR of 5.22% during the forecast period. Market growth is mainly driven by the growing demand in the food & beverage industry and innovation in packaging. Moreover, the rising demand for packaged food & beverages in developing nations such as India, Brazil, and Indonesia offer market players lucrative opportunities for growth. However, market growth is hindered by fluctuations in raw material prices and stringent regulations regarding the use of plastic and recycled materials.
Key Findings:
• The global plastic caps and closures market is estimated to reach USD 51919.8 million by 2023.
• By type, the screw caps segment, which held a share of 42.1% in 2017, is expected to register a CAGR of 5.56% during the forecast period.
• The polypropylene material segment accounted for a market share of 49.4% in 2017; it is expected to exhibit a CAGR of 5.26% during the forecast period.
• The food & beverage end user segment accounted for a market share of 35.7% in 2017; it is expected to register a CAGR of 5.43% during the forecast period.
• North America accounted for the largest market share of 30.6% in 2017; the regional market is projected to register a CAGR of 5.20% during the forecast period.
For the study, the global plastic caps and closures market has been segmented based on type, material, end user, and region. On the basis of type, the market has been divided into screw caps, dispensing caps, and closures. On the basis of material, the market has been classified as polypropylene, polyethylene, and polystyrene. On the basis of end user, the market has been categorized as food & beverage, pharmaceuticals, and personal care. The global plastic caps and closures market has been studied for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
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The key players in the global plastic caps and closures market are
• Amcor Limited (US)
• Silgan Holdings Inc. (US)
• TriMas (US)
• Phoenix Closures, Inc. (US Ils)
• J. L. Clark (US)
• Global Closure Systems (France)
• Comar LLC (US)
• Aptar Group (US)
• Reynolds Group Holdings (US)
• Guala Closures Group (Italy)
Objectives of the Study
• To provide a detailed analysis of the market structure along with a forecast for the next six years in various segments and sub-segments of the global plastic caps and closures market
• To analyze the global plastic caps and closures market based on various tools such as supply chain analysis and Porter’s Five Forces analysis
• To provide historic and forecast revenue of the market segments and sub-segments with respect to regions and key countries
• To provide country-level analysis of the market with respect to the current market size and prospects
• To provide country-level analysis of the market for segments by type, material, end user, and region
• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments, such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and research and developments, in the global plastic caps and closures market
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Target Audience:
• Plastic caps and closures manufacturers
• Plastic recycling industries
• Raw material suppliers
• Research and educational institutes
• End users
Regional and Country-Level Analysis of the Global Plastic Caps and Closures Market:
The North American market dominated the global market in 2017 and is likely to grow at a remarkable rate during the forecast period. The presence of key companies, such as Amcor Limited, Comar LLC, and Silgan Holdings Inc., results in the dominance of this region. Furthermore, the stringent food safety policies in the US and Canada drive the demand for plastic caps and closures in the food & beverage industry.
Key Points from TOC:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Plastic Caps and Closures Market, By Type
6.1 Overview
6.1.1 Screw Caps
6.1.2 Dispensing Caps
6.1.3 Closures
7 Global Plastic Caps and Closures Market, By Material
7.1 Overview
7.1.1 Polypropylene
7.1.2 Polyethylene
7.1.3 Polystyrene
8 Global Plastic Caps and Closures Market, By End-User
8.1 Overview
8.1.1 Food & beverages
8.1.2 Pharmaceutical
8.1.3 Personal Care
9 Global Plastic Caps and Closures Market, By Region
10 Competitive Landscape
11 Company Profiles
11.1 Amcor Limited
11.1.1 Company Overview
11.1.2 Products Offerings
11.1.3 Key Developments
11.1.4 SWOT Analysis
11.1.5 Key Strategy
11.2 Silgan Holdings Inc.
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offerings
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategy
11.3 TriMas
11.3.1 Company Overview
11.3.2 Financial overview
11.3.3 Products Offerings
11.3.4 SWOT Analysis
11.3.5 Key Strategy
…
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Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Industry Research is the credible source for gaining the market reports that will provide you with the lead your business needs.
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Source: MarketersMedia
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