New York, April, 2023: Axiom Market Research & Consulting™ added a report on global plastic caps and closures market which includes study on type, size of diameter, raw material, end user and geography across various countries of key regions across the globe. The global plastic caps and closures market was projected to grow at a CAGR of 5.80% for the forecast period 2023 to 2029. The global market is estimated and forecasted in terms of revenue (USD Million).     

Plastic caps and closures are two distinct ways for sealing the ends, tops, and openings of tubes and containers. Caps are placed over the opening. Due to the many varieties of containers, tubes, and cylinders, caps and closures come in sizes, colors, and shapes to fit the needs of any application, including custom designs. There are an endless number of uses for caps and closures. They can be found in industrial, commercial, and home products. Plastic caps and closures are used in industry segments such as food and beverages, pharmaceuticals, household goods, cosmetic products, etc. Caps and closures are the final components of packaging and are responsible for maintaining the integrity of the product packing. They serve the main purpose of keeping the container sealed and the contents safe for the designated shelf life. It also works as a barrier against dirt, moisture, and oxygen, and it keeps the items from being opened abruptly.

Study for Global plastic caps and closures market is consisting of type, size of diameter, raw material and end user. On the basis of type the caps market is segmented into flip top plastic cap, plastic dispensing cap, plastic disc top caps, plastic push/pull caps, screw cap and others. Closures are segmented into dispensing closures and non-dispensing closures, spouts and fitments, hook-to-hook closures and press-to-close zippers. On the basis of size of diameter, the market is segmented into less than 20mm, 20-50 mm and above 50mm. Different raw materials used for plastic caps and closures are HDPE (High Density Polyethylene), LDPE (Low Density Polyethylene), PP (Polypropylene) and Others. The end users for the caps and closures are food & beverages, pharmaceutical and personal care, cosmetics and toiletries, agrochemicals, chemicals, lubricating oil and others. In addition to that, the market is studied for the following regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW).

The caps type segment is estimated to dominate the market during the forecast period.

Plastic caps are versatile and can be used in various industries, ranging from food and beverage to furniture design, chemical storage, medical supplies, and electronics. They are available in a wide range of plastics, sizes, shapes, and colors, making them an ideal choice for many applications. In addition to sealing soda bottles and shipping containers, plastic caps can also be found in camera lens caps and medicine bottle caps. For spice and salt containers, a specialized cap sifter is used for daily household purposes.

Plastic caps have numerous uses and benefits, including cost-effectiveness, durability, customizability, and chemical stability. They provide an economic solution to food and beverage storage, as they can vacuum seal a container and offer easy storage. Moreover, plastic caps are commonly used in art and cosmetics industries for packaging a wide assortment of products, such as plastic glue caps that feature an attached brush or a closable seal, and makeup packaged with various custom and standard caps.

By Raw Material- Segment Analysis

PP (Polypropylene) segment held a significant share in plastic caps and closures market in 2022. PP (Polypropylene) is a thermoplastic polymer which is also called polypropene which is formed by chain-growth polymerization from the monomer propylene. PP (Polypropylene) has properties similar to polyethylene but is slightly harder and more heat-resistant. PP (Polypropylene) belongs to the group of polyolefins and is partially crystalline and non-polar. Polypropylene (PP) resin is the lightest polymer among all commodity plastics. It is the ideal choice in the packaging industry for its strength in engineering applications and cost advantages in blow molding bottles. Polypropylene (PP) is a commodity plastic with low density and high heat resistance which is slightly harder than polyethylene.

Polypropylene Caps are known for good impact strength, durability, cost-effectiveness, thermal resistance, and pliability. Polypropylene Caps are hard, rugged, and durable and commonly used for bottle caps of all types. Polypropylene Caps and closures are made by injection molding. Polypropylene Caps impact and random copolymers providing effective caps, soft lids, pull rings, and closures for a variety of end uses which include food, personal care, and cosmetics; carbonated and still drinks, and; chemical and pharmaceutical products. Polypropylene offers good chemical resistance and weldability and is used in various applications. Polypropylene Caps and colures are used in the packaging industry, consumer goods, automotive industry, fibers and fabrics, the medical industry, industrial uses, and others. Polypropylene is a good choice when it comes to caps and plugs and relatively inexpensive material. It doesn’t suffer damage from the sun or elements in the same way as other plastics and can withstand high temperatures.

By Size of diameter- Segment Analysis

Caps and closures in the range between 20 to 50mm is expected to dominate the market as they are used in a range of applications including drink packaging, non-food packaging and cosmetic packaging. They are available in any colors and made from HDPE, LDPE, and other ranges of plastics. These are mainly used in HDPE Bottles, pet bottles, pharma bottles, tablet containers, ear and eye dropper, plastic caps, dispenser pumps, flip top caps, mist spray pumps, and more products. These caps are available in different styles such as flip top cap, plastic seal caps, and screw caps, for cosmetics and personal use products.

20 to 50mm caps and closures provide high adhesion, are corrosion-resistant, have enhanced strength, are easy to dispense, are used to change directions in piping, are resistant to cracking under pressure, and have good temperature resistance. 20 to 50mm caps and closures is widely used and hence it allows the recycling of these caps and closures for further use which is further driving its demand in the caps and closures market.

By end user- Segment Analysis

The food and beverage industry is expected to dominate the end user segment in the caps and closures market. The overall industry supply chain includes food processing, packaging, and distribution. Plastic caps & closures are commonly used in the food and beverage industry for alcoholic and non-alcoholic drinks. The caps and closures help to extend the shelf life of products, protect them from dirt and moisture, and keep the oxygen content of the packed product balanced. Plastic caps provide the ideal economic solution to food and beverage storage. Properly applied caps can vacuum seal a container and provide consumers with an easy storage solution. They also make the package nearly tamper-proof. Produced in mass quantities, the cost of these caps to manufacturers is negligible. With a standardized set of bottles or other packaging, a single cap design can provide a top for an entire line of products. Soda bottles are an ideal example of this concept, and any look at a soda company’s product line will illustrate the flexibility of a single cap design. 

Moreover, the benefits offered by food packaging, such as an extended and stable shelf life, high barrier properties, and safety, have boosted the industry’s growth. Factors such as the use of high-performance materials and the availability of various material compositions are expected to aid the growth of the food packaging industry, which also helps to grow the plastic caps and closures in the food and beverage industry. Benefits of food packaging, such as the prevention of content contamination and improvement of food shelf-life, along with heightened efficiency, are expected to boost market growth. For instance, in November 2020, a new 3Coraçes Cappuccino Package has been launched using Aptar’s BAP technology. The new package, featuring a welded-on closure and pull ring, offers convenience and functionality for food packaging.

Asia Pacific dominated plastic caps and closures market in 2022 and is expected to witness the fastest growth in upcoming years

Asia-Pacific is increasingly drawn toward consuming more healthy food and beverage options, which is likely to influence sports drinks consumption and increased innovation over time. The region is also home to major manufacturing units of food and beverages, which constitutes a major global production portion. Such trends are expected to boost the adoption of plastic caps and closures in the region. According to APFI, Asia-Pacific Food Industry, India is the biggest producer of milk, globally, with a volume of 176.35 million metric ton per year. It makes up 21% of the world’s milk production and exhibits an annual growth of more than 6%. 

Growing disposable incomes and market penetration opportunities have led to improved investment by organizations involved in both manufacturing and distribution of flat valve caps and closures. Recently, the Chinese beverage producer Jin Mai Lang installed two Sidel complete aseptic PET lines, integrating Tetra Pak Processing System technologies and its Aseptic Combi Predis. These lines deliver a production output of 60,000 bottles per hour, making them one of the fastest aseptic PET lines with dry preform decontamination for low acid products, globally.  

Key Players: 

The key competitor of the market includes Amcor Limited, (Switzerland), Silgan Holdings Incorporated (United States), WestRock Company (United States), Weener Plastics Group NV (Netherlands), United Caps Luxembourg S.A. (France), TriMas Corporation (United States), Saint-Gobain (Switzerlands), Bericap (Germany), Closure Systems International (United States), Caprite Australia (Australia), Plastic Closures Limited (United Kingdom), Newell Brands Incorporated (United States), Evergreen Packaging Inc. (united States), Crown Holdings Inc. (United States), Aptargroup Inc. (United States), Pano Cap (Canada), Capandseal (United States), Hicap Closures Co. Ltd. (United States), and among others. 

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