The Plastic Caps and Closures Market size is projected to reach USD 57.0 billion by 2025, at a CAGR of 5.2%. Plastic caps & closures are used to seal contents within containers, safeguard the packaged product, and to extend the shelf life of the product. The cost-effectiveness, low weight, and compatibility of plastic caps & closures play a crucial role in the growth of the overall market. The plastic caps & closures find their application in various end-use sectors, such as beverage, pharmaceutical, food, and personal & home care, among others. Increase in demand for bottled water, need for convenience, concerns about product safety & security, product differentiation & branding, and decreasing package sizes are major factors driving the plastic caps & closures market.

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In terms of value, the post-mold TE band segment is projected to account for the largest share of the plastic caps & closures market, by technology, during the forecast period. In the post-mold technology, slitting is a secondary operation to achieve tamper-evident plastic caps & closures. The molding and slitting of plastic caps & closures in the injection or compression molding machine are time-consuming and capital intensive. Therefore, the slitting of plastic caps & closures is a separate process as this process is cost-effective and time-effective against slitting in the molding machine.

Plastic Caps And Closures Market Dynamics

• Driver: Need for convenience and concerns about product safety & security
• Restraint: Development of substitutes
• Opportunity: Emerging economies
• Challenge:  Mature markets in developed regions

The screw-on caps segment is projected to be the fastest-growing product type in the plastic caps & closures market during the forecast period.

A plastic screw closure is a well-engineered product that is screwed on and off on a container. These closures contain either continuous threads or lugs. It must be engineered and designed to be cost-effective, compatible with contents, easy to open; provide an effective seal; and should comply with the product, package, and environmental laws and regulations. In the beverages industry, plastic caps & closures are tamper-resistant, which further helps tackle the issues of counterfeiting. A tamper-evident band is a common tamper warning for screw caps of bottles.

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The pharmaceutical industry is projected to register the highest CAGR during the forecast period.

It is very important to maintain the quality of pharmaceutical products during the manufacturing process. Pharmaceutical products can be contaminated through air particles, dust, and microorganisms. To avoid contamination, plastic caps & closures are used to seal the medicines in the pharmaceutical industry. The packaging of healthcare products is of utmost importance to protect the contents from air, dust, and moisture. An increase in chronic ailments, an increase in the aging population, and a rise in disposable income in developing nations drive the demand for healthcare products, thereby driving the demand for plastic caps & closures.

The North American region leads the plastic caps & closures market in terms of volume.

North America is projected to be the fastest-growing market for plastic caps & closures during the forecast period. The increase in consumption of CSDs and packaged food, high disposable income levels, and growth in demand for convenience food are supporting the market in North America. Improvements in the economic situation and rise in demand for innovative packaging also contribute to the growth of the plastic caps & closures market. The growth in this region, especially in the US, has been exponential over the last five years. Plastic closures have been replacing every possible type of closures in North America.

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Key Players in the plastic caps and closures market are :

Berry Group (US), Crown Holding (US), AptarGroup (US), Amcor (Australia), Coral Products (UK), BERICAP (Germany), Silgan Holdings (US), O.Berk Company, LLC (US), Guala Closures (Italy), United Caps (Luxembourg), Caps & Closures Pty Ltd. (Australia), Caprite Australia Pty Ltd. (Australia), Pano Cap (Canada) Limited (Canada), Plastic Closures Ltd. (UK), Cap & Seal Pvt. Ltd. (India), Phoenix Closures (US), Alupac India (India), Hicap Closures (China), MJS Packaging (US), J.L. Clark (US), TriMas (US), and Comar, LLC (US) 

Berry Global held the leading position in the global plastic caps & closures market. The company has maintained its leadership position through its strong distribution network across Europe, North America, South America, Asia, and other developing countries. It continues to expand its capacity by adopting inorganic strategies, such as acquisitions across the world. Berry Global is focusing on expanding manufacturing facilities in developing markets to increase production capacities to meet the demand for caps & closures.

Table of Contents for Plastic Caps and Closures Market:

1. Introduction of the Plastic Caps and Closures Market

• Overview of the Market
• Scope of Report
• Assumptions 

2. Executive Summary
3. Research Methodology of Verified Market Reports

• Data Mining
• Validation
• Primary Interviews
• List of Data Sources 

4. Plastic Caps and Closures Market Outlook

• Overview
• Market Dynamics
• Drivers
• Restraints
• Opportunities
• Porters Five Force Model
• Value Chain Analysis 

5. Plastic Caps and Closures Market, By Product Type
6. Plastic Caps and Closures Market, By Container Type
7. Plastic Caps and Closures Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World 

8. Plastic Caps and Closures Market Competitive Landscape

• Overview
• Company Market Ranking
• Key Development Strategies 

9. Company Profiles
10. Appendix