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Latin America Plastic Caps and Closure Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A2828
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Market Overview:
The Latin America plastic caps and closure market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type, raw material, container type, technology and end use.
Breakup by Product Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Raw Material, Container Type, Technology, End Use, Country |
| Countries Covered | Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License $ 2699 Five User License $ 3699 Corporate License $ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Latin America plastic caps and closure market was valued at US$ 4.1 Billion in 2022.
We expect the Latin America plastic caps and closure market to exhibit a CAGR of 7% during 2023-2028.
The rising demand for plastic caps and closures across the Food and Beverage (F&B) industry to provide protection and increase the shelf-life of products is primarily driving the Latin America plastic caps and closure market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Latin American nations, resulting in the temporary closure of numerous end-use industries for plastic caps and closures.
Based on the product type, the Latin America plastic caps and closure market can be segmented into screw-on caps, dispensing caps, and others. Currently, screw-on caps hold the majority of the total market share.
Based on the raw material, the Latin America plastic caps and closure market has been divided into PET, PP, HDPE, LDPE, and others, where PP currently exhibits a clear dominance in the market.
Based on the container type, the Latin America plastic caps and closure market can be categorized into plastic, glass, and others. Currently, plastic accounts for the majority of the total market share.
Based on the technology, the Latin America plastic caps and closure market has been segregated into injection molding, compression molding, and post-mold tamper-evident band. Among these, injection molding currently holds the largest market share.
Based on the end use, the Latin America plastic caps and closure market can be bifurcated into beverages, industrial chemicals, food, cosmetics, household chemicals, pharmaceuticals, and others. Currently, beverages exhibit a clear dominance in the market.
On a regional level, the market has been classified into Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others, where Brazil currently dominates the Latin America plastic caps and closure market.
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