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Global Plastic Caps & Closures Market By Product Type (Dispensing Caps, Screw-On Caps, Others), By Technology (Injection Molding , Compression Molding, Others),By End-User (Beverage, Food, Others), By Region–Forecast & Opportunities to 2026

The global plastic caps and closures market accounted for a value of USD 39.4 billion in 2019. Plastic caps and closers market projected to register growth at a CAGR of 4.3% during forecast period.

COVID-19 has impacted all the businesses over the globe. The plastic caps and closures market has seen decline in growth rate due to corona virus. Plastic caps and closures are majorly used in home care & personal, chemical and automotive. All this end-users industries has seen significant decline in demand which reduces demand for plastic caps and closures market. The demand will increase in industries such as pharmaceutical and food & beverage industry for maintaining hygienic and safety during COVID-19.

Definition:

Closure can be defined as a device which helps in sealing contents inside the container and securing the content from evaporation, atmosphere and from dust. The plastic closure including cap provide efficient sealing device for containers and bottles and it also provides flexibility, durability and versatility.

Market Dynamics (Drivers/Opportunities):

The concern for safety and security is growing due to corona virus. The awareness about healthy and hygienic packaged food products are growing immensely in the world. A plastic cap is very much useful in safeguarding a product from dust other harmful microbes. Plastic caps are cost-effective and they have better operability. This drives growth in plastic cap and closures market during forecast period.

The plastic caps are required for safeguarding the product from harmful microbes and dust. The demand for user-friendly closures which are convenient to use and easy to open, increasing around the world. The popularity of pump and dispensing closures are increasing in beverages, skincare and liquid food products. This drives growth in plastic caps and closures market during forecast period.

Market Insights, by Product Type

On the basis of product type, the plastic caps and closures market is segmented into dispensing caps, screw-on caps and others. The screw-on caps segment is estimated to be the fastest growing segment during forecast period. The plastic screw closure in screwed on and off on a container and it is designed to be cost-effective, easy to open and compatible with contents. It provides an effective seal and demand for screw-on caps product is rising rapidly. This is drives growth in plastic caps and closures market during forecast period.

Market Insights, by Technology

On the basis of technology, the plastic caps and closures market segmented into post-mold TE band, injection molding and compression molding. The post-mold TE band segment is estimated hold largest market share during forecast period.  The slitting and molding of caps and closure in compression or injection molding is very costly and time consuming which makes post mold process more effective. The slitting of plastic caps and closure is considered as separate process because it is cost effective and time saving against slitting in molding machine. All this factors together drives growth in post-mold TE band segment during forecast period.

Market Insights, by End-Use

On the basis of end-use, the plastic cap and closures market is segmented into beverage, pharmaceutical, food, personal & homecare and others. Pharmaceutical industry is estimated to register growth at highest CAGR during forecast period. The plastic caps and closures are important for maintaining the quality of pharmaceutical products while manufacturing the products. It helps in avoiding contaminations from dust, microorganisms and air particles. The increase in protection demands for the products leads to growth in pharmaceuticals end-use industry during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The population is increasing in this region along with rise in industrialization and urbanization drives growth in Asia-Pacific region. The demand for plastics caps and closures is growing rapidly due to growth in manufacturing of various end-user industries in various countries such as Japan, India and China in Asia-Pacific region.

Key Companies & Market Share Insights

The key market players in plastic caps and closures industry are Crown Holding, Berry Group, BERICAP, Amcor, Aptar Group, Guala Closures, O Berk Company, Silgan Holdings, Coral Products, Caprite Austrailia Pty. Ltd., Caps & Closures Pty. Ltd., United Caps,  Cap & Seal Pvt. Ltd., Plastic Closures Ltd., Pano Cap Ltd., Phoenix Closures and Hicap Closures.

Segments Covered in the Report

This report forecasts The Global Plastic Caps & Closures Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global plastic caps & closures market report on the basis of product type, crop type, and end-use.

Plastic Caps & Closures Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Plastic Caps & Closures Market, By Product Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Dispensing Caps
  • Screw-On Caps
  • Others
  1. Plastic Caps & Closures Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Post-Mold TE Band
  • Injection Molding
  • Compression Molding
  1. Plastic Caps & Closures Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Beverage
  • Pharmaceutical
  • Food
  • Personal & Homecare
  1. Plastic Caps & Closures Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Product Type
    • By Technology
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Product Type
      • By Technology
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Product Type
        • By Technology
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Product Type
          • By Technology
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Product Type
            • By Technology
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Hicap Closures.
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Crown Holding
    • Berry Group
    • BERICAP
    • Amcor
    • Aptar Group
    • Guala Closures
    • O Berk Company
    • Silgan Holdings
    • Coral Products
    • Caprite Austrailia Pty. Ltd.
    • Caps & Closures Pty. Ltd.
    • United Caps
    • Cap & Seal Pvt. Ltd.
    • Plastic Closures Ltd.
    • Pano Cap Ltd.
    • Phoenix Closures
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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