Global Plastic Caps and Closure Market was valued at USD 45.78 billion in 2019 which is expected to grow USD 67.25 billion by 2027 at a 5.88% CAGR.

Plastic caps and closures are the effective sealing devices of bottles and containers. Versatility, flexibility, and flexibility are the features of plastic caps and closure material. In addition, it act as barrier to moisture, oxygen, and dirt and keeps product secure form undesired premature opening. Plastic caps and closures are able to preserves the product as well as improve the shelf life of product.

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Plastic Caps and Closures are components, techniques or devices that are used to seal or close a bottle, jar, tube, can or any other container. Generally, closures are made up of the metal and plastics material. The plastics material used for the caps and closures are HDPE, PP, and LDPE. PP and HDPE are the prominent material type used for the manufacturing of the plastics caps and closures. These closures could be used for variety of end use industry such as food, beverages, personal care, household, etc. The primary application area for the plastics caps and closures is the beverages end use segment.

Market Dynamics
Increase in demand for plastic caps and closures in food and beverages and chemical Industry is expected to drive the global plastic caps and closures market growth. Furthermore, plastic caps and closures are used for preserving products and their shelf life. Thus the global plastic caps and closure market is expected to grow exponentially. Also, increase in usages of plastic caps and closure products in pharmaceutical is expected to propel the growth of global plastic cap and closure industry growth during this forecast period. Moreover, rise in demand from small and medium end use industries is expected to drive the global plastic caps and closures market growth.

Drivers: Innovation in Production of Eco-friendly Caps and Closures
For continued growth in the caps and closures segment innovation is essential and tamper evidence continues to be an essential function in all new designs and innovation. A continued trend observed which is driving companies to be more innovative in caps and closure designs is the need from consumer for ease of use. Companies are focusing on consumer demand in portion dispensing, particularly in the home and health & beauty end markets.

Impact of COVID 19 on Market
The global COVID 19 Pandemic has led to slowdown the manufacturing and packaging activities across the world, affecting the demand for plastic caps and closure and also production of them which is expected to restraint the global plastic caps and closure market growth during this global crisis.

Market Key Players
Various key players are discussed in this report such as Bericap GmbH Co. & Kg, Guala Closures Group, Aptargroup Inc, Silgan Holdings Inc., Berry Plastics Corporation, Rexam PLC, Crown Holdings Inc., Reynolds Group Holdings Limited, and RPC Group PLC.

Market Taxonomy
By Material
• HDPE
• PP
• Others
• LDPE
By Application
• Alcoholic Beverages
o Wine
o Beer
o Others
• Non-Alcoholic Beverages
o Carbonated Soft Drinks
o Bottles Water
o Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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