Plastic Caps & Closures Market
Global Plastic Caps and Closures Market, By Type (Screw Caps, Dispensing Caps, and Closures), By Material (Polypropylene, Polyethylene and Polystyrene), By End-User (Food & beverages, Pharmaceutical and Personal Care), By Region – Forecast to 2023
Global Plastic Caps and Closures Market, By Type (Screw Caps, Dispensing Caps, and Closures), By Material (Polypropylene, Polyethylene and Polystyrene), By End-User (Food & beverages, Pharmaceutical and Personal Care), By Region – Forecast to 2023
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<strong>Plastic</strong> <strong>Caps</strong> & <strong>Closures</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Segmentation<br />
The market for global plastic caps & closures is segmented mainly on the basis of raw materials, product type and end-use.<br />
<strong>Market</strong> categorization, on the basis of product type includes screw caps, dispensing caps and other plastic caps. On the<br />
basis of raw materials, it includes polypropylene, polyethylene, polystyrene and other resins. <strong>Plastic</strong> resin such as<br />
polypropylene (PP) and polyethylene (PE) are widely used, while PP is expected to be the fastest-growing sub segment.<br />
<strong>Plastic</strong> caps & closures are projected to emerge as the fastest-growing type in caps & closures market as it is light weight,<br />
cost effective, and can be used to package various types of products belonging to different industries. On the basis of enduse,<br />
it has been segmented as food & beverage, pharmaceutical, others. <strong>Plastic</strong> caps & closures market is expected to reach<br />
the market size of ~USD 61.71 billion by the end of the forecast period with CAGR of ~5.2% between 2017 and 2023.<br />
Regional Analysis<br />
On the basis of geography, the market has been segmented as North America, Europe, Asia Pacific and RoW. Geographically,<br />
Asia Pacific dominates the global plastic caps & closures packaging market with the largest market share. As caps & closures<br />
are used widely in various industries, such as food& beverages, and healthcare, the market has been witnessing major<br />
growth, to become a large market for these packaging solutions. Moreover, increase in consumer income has led a growth<br />
in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food &<br />
beverage consumption, which ultimately increases the demand of plastic caps & closures products.<br />
Report Available @ https://www.marketresearchfuture.com/reports/plastic-caps-closures-market-4920