Market Overview:

The Latin America plastic caps and closure market is expected to exhibit a CAGR of 4.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Plastic caps and closure are essential packaging components that help protect the content from dust, spillage, contamination and evaporation. They are durable, recyclable, economical, easy-to-use and enable convenient transportation from manufacturing units to consumers. The design and type of plastic caps and closure vary depending on the product. For instance, chemical products are generally fitted with child-resistant closures to prevent easy opening.

Plastic caps and closures are extensively utilized in the food and beverage (F&B) industry to provide protection and increase the shelf-life of the product. This, in confluence with the escalating demand for packaged and ready-to-drink beverages, represents one of the primary factors bolstering the market growth in Latin America. Additionally, the increasing adoption of one-piece liner-less closures in packaged water bottles is contributing to the market growth in the region. Apart from this, the leading manufacturers are introducing flexible, airtight, tamperproof and threaded plastic caps and closures. They are also offering customized solutions based on individual requirements. These factors are anticipated to expand the application of plastic caps and closure in the pharmaceutical, cosmetics, personal care and chemical industries in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America plastic caps and closure market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type, raw material, container type, technology and end use.

Breakup by Product Type:

• Screw-On Caps
• Dispensing Caps 
• Others 
   

Breakup by Raw Material:

• PET 
• PP 
• HDPE 
• LDPE 
• Others 
   

Breakup by Container Type:

• Plastic 
• Glass 
• Others
   

Breakup by Technology:

• Injection Molding 
• Compression Molding
• Post-Mold Tamper-Evident Band
   

Breakup by End Use:

• Beverages 
• Industrial Chemicals 
• Food 
• Cosmetics 
• Household Chemicals 
• Pharmaceuticals 
• Others 
   

Breakup by Country:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Latin America plastic caps and closure market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Latin America plastic caps and closure market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the raw material?
• What is the breakup of the market based on the container type?
• What is the breakup of the market based on the technology?
• What is the breakup of the market based on the end use?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Latin America plastic caps and closure market and who are the key players?
• What is the degree of competition in the industry?