Latin America Plastic Caps and Closure Market to Grow at a CAGR of 4.2% During 2022-2027, Propelled by the Increasing Demand for Packaged Food

August 23, 2022

The latest report by IMARC Group, titled “Latin America Plastic Caps and Closure Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, finds that the Latin America plastic cups and closure market is expected to grow at a CAGR of 4.2% during the forecast period (2022-2027). Plastic caps and closure refer to a secure and safe packaging solution that are commonly used for sealing various kinds of tubes, bottles, jars, and containers. They protect the content from spillage, evaporation, dust, and contamination. These are the final components of the packaging procedures that are significantly used in the pharmaceuticals, food, beverage, cosmetics, and personal care industries. The type and design of plastic caps and closure vary based on the product. In recent years, plastic cups and closures have gained traction due to their recyclable, durable, economic, and easy-to-use nature.

We are regularly tracking the direct effect of COVID-19 on the market and the indirect effect of the associated industries. These observations will be integrated into the report.

Latin America Plastic Caps and Closure Market Trends:

One of the primary factors driving the market is the increasing consumption of packaged and processed foods due to the hectic lifestyles of working individuals. Other than this, the increasing consumption of health drinks due to growing health consciousness among the masses has created a positive market outlook. Besides this, there has been extensive adoption of plastic caps and closure in the food and beverage (F&B) industry to provide protection and increase the shelf-life of the products. In line with this, the growing utilization of one-piece liner-less closures in packaged water bottles is strengthening the market growth. Moreover, the increasing consumption of alcoholic and non-alcoholic drinks is escalating the product demand due to its durability, cost-effectiveness and chemical stability. Furthermore, key manufacturers are launching airtight, flexible, tamperproof, and threaded plastic caps and closures, along with innovative and customizable designs and packaging solutions, which are bolstering the market growth across the region.

Market Summary:

  • Based on the product type, the market has been divided into screw-on caps, dispensing caps, and others.
  • On the basis of the raw material, the market has been segmented into PET, PP, HDPE, LDPE, and others.
  • Based on the container type, the market has been classified into plastic, glass, and others.
  • On the basis of technology, the market has been categorized into injection molding, compression molding, and post-mold tamper-evident band.
  • Based on the end use, the market has been divided into beverages, industrial chemicals, food, cosmetics, household chemicals, pharmaceuticals, and others.
  • Region-wise, the market has been segmented into Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others.
  • The competitive landscape of the market has also been analyzed, along with the profiles of key players operating in industry.
     

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Latin America Plastic Caps and Closure Market to Grow at a CAGR of 4.2% During 2022-2027, Propelled by the Increasing Demand for Packaged Food
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More