Global Pulmonary/Respiratory Drug Delivery Market Size, Industry Trends, Growth Prospects Till, 2018 to 2025 : Data Bridge Market Research

Market Analysis:The Global Plastic Caps and Closures Market is expected to reach USD 51.96 billion by 2025, from USD 38.87 billion in 2017 growing at a CAGR of 5.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Key Market Competitors: Global Plastic Caps and Closures Market

The key players operating in the global plastic caps and closures market are –

·         Berry Global

·         Amcor

·         Crown Holdings

·         Silgan Holdings

·         RPC Group

The other players in the market are Bericap, Aptargroup, Closure Systems International, Coral Products, O.Berk Company, LLC, United Caps, Caps & Closures Pty Ltd, Caprite Australia Pty. Ltd, Pano Cap (Canada) Limited, Plastic Closures Limited, Cap & Seal Pvt. Ltd, Phoenix Closures, Alupac India, Hicap Closures, MJS Packaging  among others.

Market Definition: Global Plastic Caps and Closures Market

According to The State of the Specialty Food Industry, food industry continues to grow at a strong clip with dollar sales hit USD 127.0 billion, a 15.0% jump in total sales between 2014 and 2016. Furthermore, According to International Trade Administration, in 2015, Australia’s total personal care and cosmetics market is estimated at USD 3.4 billion, with over 70.0% of all consumption imported. Through 2018 there are good prospects for Australia’s personal care and cosmetics markets, with the overall market conservatively estimated to grow by 4.0% per annum in 2017 and 2018. Thus increasing demand from end-user is driving factor for the plastic caps and closures.  

Market Drivers:

·         Product modernization to aid product differentiation and branding

·         Rising demand for smaller sized packs

·         Demand from small and medium scale end-users

Market Restraints:

·         Lightweight and cost-effective stand-up pouch packaging alternatives

·         Regulations of environmental degradation on manufacturers and charging taxes

·         Substitute products availability

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Segmentation: Global Plastic Caps and Closures Market

By Product Type

·         Screw-On Caps

·         Dispensing Caps

·         Others

By Container Type

·         Plastic 

·         Glass

By Technology

·         Injection Molding

·         Compression Molding

·         Post-Mold Tamper-Evident Band

By Raw Material

·         HDPE (Polyethylene)

·         LDPE (Polyethylene)

·         PP (Polypropylene)

·         Others

By End-Use Sector

·         Beverages

·         Food

·         Pharmaceuticals

·         Personal & Homecare

·         Others

By Geography

·         Asia Pacific

o    China

o    South Korea

o    Japan

o    India

o    Australia

o    Singapore

o    Thailand

o    Indonesia

o    Malaysia

o    Philippines

o    Rest of Asia-Pacific

·         North America

o    US

o    Canada

o    Mexico

·         Europe

o    Russia

o    Turkey

o    Belgium

o    Netherlands

o    Switzerland

o    Spain

o    France

o    Germany

o    Italy

o    U.K.

o    Rest of Europe

·         South America

o    Brazil

o    Argentina

o    Rest of South America

·         Middle East & Africa

o    South Africa

o    Egypt

o    United Arab Emirates

o    Israel

o    Rest of Middle East & Africa

Competitive Analysis: Global Plastic Caps and Closures Market

The global plastic caps and closures market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spray adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In, July 2018, UNITED CAPS opened new manufacturing plant for closures and caps in Dinnington, Rotherham, U.K.. This will provide customers with access to expert resources at its Messia research and development (R&D) facility.

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