Plastic Caps and Closures Market Size, Share Report, Analysis, Trends, Growth 2032

The global Plastic Caps and Closures market size accrued earnings worth approximately USD 23.49 Billion in 2023 and is predicted to gain revenue of about USD 37.90 Billion by 2032, is set to record a CAGR of nearly 5.46% over the period from 2024 to 2032.

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Plastic Caps and Closures Market Overview

A closure is a device that helps in sealing the contents inside the container and securing the content from dust, spilling, atmosphere, evaporation, and from external damage. The finishing and closure are consistent parts of any container.  The closure should be conventional to the finishing of the bottle for its functionality. In simple words, the design of the closure is interlinked with the finishing of the container. Plastic closures including a cap act as an efficient sealing device for bottles and containers. The plastic closures and caps provide durability, versatility, and flexibility. Also, with its economical production rate, the plastic closures and caps nowadays are becoming an excellent choice for packaging. The caps and closures are effective against tampering of products which makes them the best packaging method.

Plastic Caps and Closures Market Growth Dynamics

The plastic caps and closures market is experiencing the highest growth rate in developed as well as developing countries. The advancements of technology in plastic packaging have resulted in the upgradation and innovation of the product development in many sectors of the industry. Many organizations are significantly investing their capital in research and development in order to come up with the exclusive and economical products. Hence, the innovations, particularly in the plastic packaging industry are rising exponentially. An Italian organization, Imola has come up with a machine which prints high-quality imagery at a fast rate on caps. Also because of the fragility, brittleness, and high cost of glass, the demand for the plastic caps and closures is rising day by day. PET bottles are now being favored over glass containers as to avoid any breakages. Additional, PET bottles are very easy to transport. To meet the rising demand, approximately 650 billion units of PET bottles are manufactured globally. Such plastic bottles are used for the packaging of bottled water, juices, carbonated soft drinks, and other beverages. Such factors are contributing to the plastic caps and closures market growth over the forecast period.  

In order to give the users of this report a comprehensive view of the plastic caps and closures market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein material segment, type segment, and end-user segment are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.

Plastic Caps and Closures Market: Report Scope

Plastic Caps and Closures Market Segmentation Analysis

Screw-on caps are widely used across industries due to their reliable sealing capabilities, versatility, and ease of use. They are commonly employed in pharmaceuticals, cosmetics, food and beverage, chemicals, and personal care products. Made from durable materials, screw-on caps offer secure resealing, ensuring product freshness and preventing leakage. Polypropylene (PP) is favored for its durability, resistance to cracking, chemical resilience, and ability to withstand high temperatures, making it suitable for caps and closures in various applications. Plastic containers dominate the market for their versatility, cost-effectiveness, and durability, catering to industries like F&B, personal care, pharmaceuticals, and household products. Injection molding is the dominant manufacturing method, providing efficiency, precision, and flexibility in creating caps and closures with various designs and materials. In the beverage industry, plastic caps and closures play a vital role in preserving beverage quality, preventing spillage, and enabling customization for brand differentiation, reflecting the market's focus on water, soft drinks, juices, and alcoholic beverages.

The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for plastic caps and closures market based on all segments in all the regions and countries.

The report also includes detailed profiles of end players such as

• Phoenix Closures, Inc.
• Global Closure Systems
• Amcor Limited
• J.L. CLARK Silgan Holdings Inc.
• Comar LLC
• AptarGroup
• Alcoa Corporation
• TriMas
• BERICAP GmBh & Co. KG
• Guala Closures Group, and others.

This report segments the global plastic caps and closures market as follows:

Global Plastic Caps and Closures Market: Material Segments

• PET
• PP
• HDPE

Global Plastic Caps and Closures Market: Type Segments

• Screw Caps
• Dispensing Caps
• Closures

Global Plastic Caps and Closures Market: End-user Segments

• Food
• Pharmaceuticals
• Household Cosmetics & Personal Care
• Others

Global Plastic Caps and Closures Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa