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The global plastic caps and closure market was valued at US$ 41.6 Billion in 2020.
The increasing utilization of plastic caps and closure across diverse sectors, such as beverages, chemicals, pharmaceuticals, cosmetics, etc., is one of the factors catalyzing the global plastic caps and closure market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various end-use industries, such as food and beverages, chemicals, pharmaceuticals, etc., for plastic caps and closures.
Based on the product type, the global plastic caps and closure market can be segmented into screw-on caps, dispensing caps, and others. Among these, screw-on caps are leading the market.
Based on the raw material, the global plastic caps and closure market has been divided into PET, PP, HDPE, LDPE, and others. Currently, PP exhibits a clear dominance in the market.
Based on the container type, the global plastic caps and closure market can be segregated into plastic, glass, and others. Among these, plastic currently accounts for the majority of the total market share.
Based on the technology, the global plastic caps and closure market has been bifurcated into injection molding, compression molding, and post-mold tamper-evident band. Currently, injection molding technology exhibits a clear dominance in the market.
Based on the end-use, the global plastic caps and closure market can be categorized into beverages, industrial chemicals, food, cosmetics, household chemicals, pharmaceuticals, and others. Among these, the beverages sector currently holds the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global plastic caps and closure market include Berry Global, Amcor, Crown Holdings, Silgan Holdings, RPC Group, Bericap, AptarGroup, Inc, Closure Systems International, Coral Products, O.Berk Company, LLC, United Caps, Caps & Closures Pty Ltd, Caprite Australia Pty. Ltd, Pano Cap (Canada) Limited, Plastic Closures Limited, Cap & Seal Pvt. Ltd., Phoenix Closures, Alupac India, Hicap Closures, and MJS Packaging.
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