Plastic Caps and Closures Market 2023

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Plastic Caps and Closures Market to Exceed 51.67
Billion USD by 2023
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• The report "Plastic Caps and Closures Market by
  Product Type (Screw-on Caps, Dispensing Caps),
  Technology (Injection Molding, Compression
  Molding, Post-mold TE Band), Raw Material (PP,
  HDPE, LDPE), End-use Sector (Beverages, Food),
  Region - Global Forecast to 2023", The plastic
  caps and closures market size is projected to
  grow from USD 40.52 Billion in 2018 to USD 51.67
  Billion by 2023, at a CAGR of 4.99. This market
  is witnessing considerable growth due to
  increasing demand for convenience packaging and
  growing concerns about product safety and
  security. Growing demand for bottled water and
  from end-use industries such as beverages,
  pharmaceuticals, food, and home personal care
  is the key factor driving the growth of the
  plastic caps and closures market.

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• Browse 220 market data Tables and 30 Figures
  spread through 185 Pages and in-depth TOC
  on "Plastic Caps and Closures Market by Product
  Type (Screw-on Caps, Dispensing Caps), Technology
  (Injection Molding, Compression Molding,
  Post-mold TE Band), Raw Material (PP, HDPE,
  LDPE), End-use Sector (Beverages, Food), Region -
  Global Forecast to 2023"https//www.marketsandma
  rkets.com/Market-Reports/plastic-caps-closure-mark
  et-132939537.htmlEarly buyers will receive 10
  customization on this report.
• Screw-on caps segment is projected to grow at the
  highest rate during the forecast period.
• The screw-on caps segment is projected to grow at
  the highest CAGR during the forecast period.
  Screw-on caps are tamper evident and thus find
  wide-scale application in food beverage and
  pharmaceutical industries. They are a reliable
  option for packaging of beverages and for
  pharmaceutical products. The other advantage
  associated with screw-on caps is that they are
  cost-effective packaging solutions compared to
  cork and others, and also provide more room for
  logos, graphics, and other design elements.

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In the container type segment, plastic is
projected to grow at the highest rate during the
forecast period. The plastic container segment
is projected to be the fastest-growing end-use
sector over the next five years. Plastic
containers are economical and light in weight.
They are widely used for packaging CSDs and
bottled water owing to their cost-effective
nature. The growing demand for CSD and bottled
water is driving the demand for plastic
containers. Asia Pacific accounted for the
largest market share in 2017 and is projected to
grow at the highest CAGR during the forecast
period. The Asia Pacific region accounted for
the largest market share in 2017 and is projected
to grow at the highest CAGR from 2018 to 2023.
The market in China is expected to grow at the
highest CAGR during the forecast period. The
growth in the Asia Pacific region is supported by
the improving economic conditions, continuous
improvements in government budgets, rising number
of standards in building codes, positive
demographic outlook such as the increasing
population and rising per capita income, and the
growing food beverage industry in the region.
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The major players in the plastic caps closures
market include Berry Group (US) Crown Holding
(US), AptarGroup (US), Amcor (Australia), Coral
Products (UK), Closure Systems International
(US), BERICAP (Germany), Silgan Holdings (US),
and RPC Group (UK). Other players in this market
include United Caps (Luxembourg), Caps Closures
Pty Ltd (Australia), Caprite Australia Pty. Ltd
(Australia), Pano Caps (Canada), Plastic Closures
Limited (UK), Cap Seal Pvt. Ltd (India),
Phoenix Closures (US), ALUPAC-INDIA (India),
Helicap Closures (China), and MJS Packaging
(US). For more information on report at,
https//www.marketsandmarkets.com/speaktoanalyst.a
sp?id132939537
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