Plastic Caps and Closures Market | COVID-19 Impact

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The strong temperature resistance and weather resistance of plastics makes them the perfect material for use in bottles and corresponding caps and closures. This has been the major driver for the global plastic caps and closures market, as other materials, such as metals and glass, are much more expensive to manufacture and shape into the desired shape. The easy moldability of plastics is also a major driver for the global plastic caps and closures market, as a large variety of containers can easily be fitted with plastic caps and closures.

Competitive Analysis

Leading players in the global plastic caps and closures market include Guala Closures Group, J. L. Clark, Phoenix Closures Inc., TriMas, Alcoa Corporation, AptarGroup, Comar LLC, Global Closure Systems, Silgan Holdings Inc., and Amcor Limited. COVID-19 Impact

Segmentation

The global plastic caps and closures market is segmented on the basis of type, material, end use, and region.

By type, the global plastic caps and closures market is segmented into screw caps, dispensing caps, and closures. The screw caps segment is likely to dominate the global plastic caps and closures market over the forecast period due to the widespread use of screw plastic caps.

By end use, the global plastic caps and closures market is segmented into personal care, pharmaceuticals, food and beverages, and others. The food and beverage industry is expected to be the major end user in the global plastic caps and closures market over the forecast period due to the growing demand for bottled beverages.

Regional Analysis:

The Americas segment dominates the global plastic caps and closures market and is likely to retain the lead over the forecast period due to the growing demand for bottled beverages, personal care products, and healthcare products in the U.S. and Canada.

Europe is also a leading regional market for plastic caps and closures, due to the growing demand for bottled healthcare and personal care products.

Asia Pacific is expected to exhibit rapid growth in the global plastic caps and closures market over the forecast period due to the growing fast food industry in the region and the growing demand for bottled beverages of various kinds.

 

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