The global report studying the Plastic Caps and Closures Market is showing signs of progress at a 5.22% CAGR during the forecast period of 2018 to 2023. Market Research Future (MRFR) has revealed documents about factors that can impact the market outcome in the coming years. Features like durability, the flexibility of the product, rising consumption of packaged food in urban areas, growing disposable income, and others are expected to assist in the maintenance of the upward trajectory.
However, companies are trying to find an alternative for these products as the environmental impact of plastic caps and closures is quite significant.
The global market report comprising details of the plastic caps and closures market includes a study of the market using type, material, and end user as prominent segments. Data collected from these segments can assist in forming an idea about how the market can move forward.
By type, the report on the plastic caps and closures market has been studied on the basis of dispensing caps, screw caps, and closures. The screw caps segment has an opportunity to retain its market dominance until 2023 as end-use industries are generating huge demand for it.
By material, the study of the plastic caps and closures market relies on segments like polystyrene, polypropylene, and polyethylene. The polypropylene segment can benefit from its high impact resistance and ability to endure high temperatures.
By end users, the plastic caps and closures market includes a discussion of personal care, food & beverages, pharmaceuticals, and others. The food & beverage segment is slated to benefit from a hike in the consumption of carbonated beverages and ready-to-eat foods.
In Europe and North America, demand for such products is high to support the end user needs. The consumption of packaged food is one major reason for that. But the regions are also strict on environmental laws that can pose a problem for the market.
Silgan Holdings Inc. (U.S.), Amcor Limited (Australia), Comar LLC (U.S.), AptarGroup (U.S.), Global Closure Systems (France), TriMas (U.S.), Phoenix Closures, Inc. (U.S.), Alcoa Corporation (U.S.), Guala Closures Group (India), J.L. CLARK (U.S.), and others are some of the major companies to inspire changes in the global plastic caps and closures market. These companies opt for various strategic measures that can assist in propelling growth. MRFR experts have noted those changes and their recording can help in tracking trends that are impacting more to make sure the profit margin goes up.
Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 17
2.2 Scope Of The Study 17
2.3 Market Structure 17
2.4 List Of Assumptions 18
2.5 Key Takeaways 19
2.6 Key Buying Criteria 19
3 Research Methodology
3.1 Research Process 21
3.2 Primary Research 21
3.3 Secondary Research 22
3.4 Market Size Estimation 23
3.5 Forecast Model 24
4 Market Dynamics
4.1 Introduction 26
4.2 Drivers 27
4.2.1 Growing Demand From Food & Beverage Industry 27
4.2.2 Innovation In Packaging 27
4.2.3 Drivers Impact Analysis 28
4.3 Restraints 28
4.3.1 Fluctuation In Raw Material Prices 28
4.3.2 Stringent Regulations Regarding The Use Of Plastic And Recycled Materials 28
4.3.3 Restraints Impact Analysis 29
4.4 Opportunity 29
4.4.1 Scope In Developing Countries 29
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis 31
5.1.1 Threat Of New Entrants 32
5.1.2 Bargaining Power Of Suppliers 32
5.1.3 Threat Of Substitutes 32
5.1.4 Bargaining Power Of Buyers 32
5.1.5 Segment Rivalry 32
5.2 Supply Chain Analysis 33
6 Global Plastic Caps and Closures Market, By Type
6.1 Overview 35
6.1.1 Screw Caps 35
6.1.2 Dispensing Caps 35
6.1.3 Closures 35
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