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Market Research Report
Global Plastic Caps and Closures Market 2019-2025 |
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| Published by | Orion Market Research Pvt Ltd | Product code | 911011 | ||||
| Published | Content info | Delivery time: 2-3 business days |
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| Global Plastic Caps and Closures Market 2019-2025 | ||
| Published: August 5, 2019 | Content info: |
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Global Plastic Caps and Closures Market Size, Share, Market Intelligence, Company Profiles, Market Trends, Growth, Strategy, Research and Analysis Report by Type (Continuous Thread Caps, Child Resistant Caps, Dispensing Caps, and Others) by Application (Chemicals, Cosmetics & Personal Care, Pharmaceuticals, Food & Beverages, And Others) and Forecast 2019-2025
The global plastics caps and closures market is expected to show growth in the near future. Plastic caps and closures have witnessed extensive traction for the packaging of bottled water, carbonated soda drinks, and non-carbonated soda drinks. The main function of caps and closures is to keep the container closed and maintain the shelf life of the product. Closures are devices and techniques used to close or seal container such as a bottle, jug, jar, tube, can, and so on. Closures can be a cap, cover, lid, plug, and so on. As a result of the growing consumer industry, such as food & beverages and cosmetic industry and rising concerns for the quality and safety of products, the market is expected to grow during the forecast period. The factors responsible for the growth of the market are growing demand for aesthetic caps and closures from industries such as food & beverages and personal care.
The global plastics caps and closures market is segmented on the basis of type and application. On the basis of type, the market is segmented into continuous thread caps, child-resistant caps, dispensing caps, unique caps, and others. On the basis of application, the market is segmented into chemicals, cosmetics & personal care, pharmaceuticals, food & beverages, and others. Geographically, the market is segmented on the basis of regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market in the Asia-Pacific region is expected to grow at a significant CAGR during the forecast period. This is attributed to growing pharmaceutical and food & beverages industries within the region. The region has potential growth opportunities due to the presence of developing countries such as China & India making its fastest-growing market for caps and closures.
The key players operating in the market are The Cary Company, Portola Packaging Ltd., Oriental Containers Ltd., Closure Systems International, Chemco Group of Companies, CL Smith, Weener Plastics Group B.V., Bkm Industries Ltd., and Others. Caps and closures market is highly dominated by regional players owing to low capital requirement. Market participants are often involved in strategic agreements, joint ventures, and merger & acquisition in order to penetrate regional markets.
The market study of the global plastic caps and closures market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended to food manufacturers, consumer goods manufacturer, pharmaceuticals companies, government organizations, for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
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