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The Latin America plastic caps and closure market is currently witnessing moderate growth. 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. 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 Latin America 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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