Plastic Caps and Closures Market Share Global Analysis, Challenges, Opportunities, Trends, Market Segments By 2023

Competitive Analysis

Leading players in the global Plastic Caps and Closures Market Share include

Guala Closures Group

1. L. Clark

Phoenix Closures Inc.

TriMas

Alcoa Corporation

AptarGroup

Comar LLC

Global Closure Systems

Silgan Holdings Inc

Amcor Limited

Recycling efforts are likely to be crucial in the Plastic Caps and Closures Market Share over the forecast period, as several governments around the world are coming down hard on the excessive discarding of plastic waste. In fall 2018, students of Concord Intermediate School near Elkhart, Indiana started a project to collect discarded plastic caps and turn them into benches for the school’s playground. Deliveries of the recycled benches began in mid-2019. Community projects such as this could provide a direction for the global Plastic Caps and Closures Market Share in the coming years.

Plastic Caps and Closures Industry Segmentation

The global Plastic Caps and Closures is segmented on the basis of type, material, end use, and region.

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

By material, the market is segmented into polypropylene, polyethylene, and polystyrene. The polypropylene segment is likely to play a key role in the development of the Plastic Caps and Closures Market Share over the forecast period due to its growing demand.

By end use, the global Plastic Caps and Closures Market Share 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 Share 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 Share 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 Share 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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