The Plastic Caps and Closures industry is a subset of the larger packaging industry and is responsible for the production of various types of plastic caps and closures used in a wide range of products, including beverages, cosmetics, pharmaceuticals, and food items. The global plastic caps and closures market size is projected to grow from USD 44.3 billion in 2020 to USD 57.0 billion by 2025,...
The global plastic caps & closures market is on track for significant growth, with a projected valuation of US$ 76,953.0 million by 2033. This translates to a noteworthy CAGR (Compound Annual Growth Rate) of 5.3% from 2023, fueled by a surge in beverage consumption and growing emphasis on sustainability.
Market Poised for Over US$ 18 Billion in Incremental Opportunity
Future...
The global plastic caps and closures market size is projected to grow from USD 44.3 billion in 2020 to USD 57.0 billion by 2025, at a CAGR of 5.2% between 2020 and 2025. The major driving factors of the market include an increase in demand for bottled water, need for convenience, concerns about product safety & security, product differentiation & branding, and decreasing...
The plastic caps and closures market is witnessing significant growth due to the rising demand for convenient and sustainable packaging solutions across various industries. Plastic caps and closures play a crucial role in preserving the quality and extending the shelf life of products such as beverages, personal care items, pharmaceuticals, and household chemicals. The global plastic...