The APAC production of plastic caps and closures in 2017 was XX billion units and is expected to reach XX billion units by 2022, at a CAGR of X.XX%, while in terms of revenue, the market was worth USD XX.XX billion in 2017 and is projected to reach USD XX.XX billion in 2022 at a CAGR of X.XX%.
Plastic caps/closures are manufactured by either injection molded process or compression molded process. These plastic caps/closures are manufactured using various raw materials (resins) like PET, PP, HDPE, LDPE, and others. Of the total caps and closures market, plastic caps and closures had 70% of the market share. The rest is split between, metal, metal-plastic, and rubber/cork.
The beverages industry led the plastic caps and closures market in 2016 while, at the same time, bottled water is expected to grow in every region, thus driving the plastic caps and closures market. Innovative/customized products that are tamper evident and child-resistant are driving the plastic caps and closures market. On the other hand, pharmaceutical regulations on PET bottles (in countries like India) are a constraint to the market.
The market is highly consolidated, with the top five players holding just 15-18% of the global market share. As a result of the vast number of suppliers, the industry is witnessing consolidation among players to increase market penetration (especially big/global companies acquiring small/local companies).
Some of the key players mentioned in the report are:
- Aptar
- Bericap
- Berry Plastics
- Crown Holdings
- Mocap
- Mold Rite Plastics
- Portola Packaging
- Silgan Plastics
What the Report Offers
- Market definition along with identification of key drivers and restraints for the market.
- Market analysis with region-specific assessments and competition analysis on a global and regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the industry on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
