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The Asia Pacific plastic caps and closure market is currently witnessing moderate growth. Plastic caps and closure protect products from environmental factors, such as dust, pollutants and evaporation. They are versatile, durable, lightweight, resistant against corrosion and can withstand high temperature. They make handling convenient and involve less operational costs than other materials utilized in manufacturing caps and closure. Consequently, they are widely used in the packaging of food and beverages (F&B), pharmaceutical, cosmetics and household products in the Asia Pacific region.
Rapid urbanization, busy lifestyles and inflating disposable incomes are positively influencing the demand for ready-to-drink tea, coffee, juices and sports drinks. This represents one of the key factors bolstering the growth of the caps and closure market in the Asia Pacific region. Moreover, the increasing utilization of plastic caps and closures in the packaging of disinfectants, acids, fuels and lubricants is impelling the market growth. Apart from this, several manufacturers are utilizing plastic caps and closures to introduce differentiated products and enhance their functionality and aesthetics. Furthermore, the escalating demand for hand sanitizers due to the coronavirus disease (COVID-19) outbreak is positively impacting the market growth in the region. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific plastic caps and closure market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, product type, raw material, container type, technology and end use.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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