Market Overview:
The global plastic closures for food and beverage market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food and beverage products, especially in developing countries. In addition, the growing trend of customization and personalization is also contributing to the growth of this market. The PP closure segment is expected to dominate the global plastic closures for food and beverage market during the forecast period. This segment accounted for more than two-thirds of the total share in 2017. The PE closure segment is projected to grow at a higher CAGR during 2018-2030 owing to its properties such as resistance against moisture, gas permeability, etc., which make it suitable for packaging various types of food products such as dairy products, processed foods, etc.
Product Definition:
A plastic closure is a type of closure that seals the top of a container and is typically made from either thermoplastic or thermoset polymers. Plastic closures are used in many industries, but are most commonly found in food and beverage containers. The main benefits of using plastic closures for food and beverage containers are that they are lightweight, easy to open, and tamper-resistant.
PP Closure:
Plastic Closures for Food and Beverage Market Size, Share & Trends Analysis Report By Application (Beverages, F&B), By Region (North America, Europe, APAC), And Segment Forecasts, 2019 - 2025 -> The global PP closure market size was valued at USD 4.5 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2019 to 2025.
PE Closure:
PE closure is a type of plastic film that is used to cover and protect the outer packaging in food & beverage industry. It helps in retaining the freshness of perishable goods by preventing oxidation, evaporation, and moisture absorption. The product also provides barrier protection from external pollutants such as dust, gases, bacteria or microorganisms.
The global PE closure market size was valued at USD 2.51 billion in 2016.
Application Insights:
The food application segment led the global market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growing demand for plastic closures in various types of food such as ready-to-eat meals, frozen foods, dry mixes, and convenience foods is expected to drive the product demand over the coming years.
Beverage applications accounted for a share of 15.6% in terms of volume in 2017 owing to increasing consumption of packaged drinking water including mineral water and aerated waters among other beverages such as energy drinks and juices among others across various regions globally. Increasing consumer preference towards bottled drinking water due to its health benefits is further anticipated to augment closure demand from beverage application segment over the coming years globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a significant share of global population, which makes it a key regional market for any manufacturer looking to expand their business. Furthermore, rapid industrialization and urbanization have been fueling product demand from various end-use industries such as food & beverage industry in developing countries such as China and India.
The Middle East & Africa is projected to be one of the fastest-growing regions over the forecast period owing to rising disposable income levels coupled with increasing consumer awareness regarding health benefits associated with plastics used in packaging applications. North America also accounted for a significant share of revenue due to high demand from end-use industries such as food & beverage industry along with healthcare sector in U.S., which has resulted into higher penetration rates compared to other regions across this globe during recent years; hence driving growth across this region during estimated time span abovementioned (2018 - 2030).
Growth Factors:
- Increasing demand for convenience foods and beverages
- Rising disposable income of consumers in developing countries
- Proliferation of new product launches in the food and beverage industry
- Growing trend of customization and personalization in food and beverage products
- Technological advancements in the packaging industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Closures for Food and Beverage Market Research Report
By Type
PP Closure, PE Closure, Other
By Application
Food, Beverage
By Companies
Bericap, Closure Systems International, Berry Global, Aptar Group, Silgan, ALPLA, THC, Mold Rite Plastics, Oriental Containers, Zijiang, Jinfu, Zhuhai Zhongfu, Blackhawk Molding, Mocap
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Closures for Food and Beverage Market Report Segments:
The global Plastic Closures for Food and Beverage market is segmented on the basis of:
Types
PP Closure, PE Closure, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Beverage
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bericap
- Closure Systems International
- Berry Global
- Aptar Group
- Silgan
- ALPLA
- THC
- Mold Rite Plastics
- Oriental Containers
- Zijiang
- Jinfu
- Zhuhai Zhongfu
- Blackhawk Molding
- Mocap
Highlights of The Plastic Closures for Food and Beverage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PP Closure
- PE Closure
- Other
- By Application:
- Food
- Beverage
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Closures for Food and Beverage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic closures for food and beverage are typically used to keep products fresh. These closures can be made from a variety of materials, including plastic, metal, or rubber. They are often fitted with a sealant or adhesive to ensure that the product remains sealed and protected from contamination.
Some of the key players operating in the plastic closures for food and beverage market are Bericap, Closure Systems International, Berry Global, Aptar Group, Silgan, ALPLA, THC, Mold Rite Plastics, Oriental Containers, Zijiang, Jinfu, Zhuhai Zhongfu, Blackhawk Molding, Mocap.
The plastic closures for food and beverage market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Closures for Food and Beverage Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Plastic Closures for Food and Beverage Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Plastic Closures for Food and Beverage Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Plastic Closures for Food and Beverage Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Plastic Closures for Food and Beverage Market Size & Forecast, 2020-2028 4.5.1 Plastic Closures for Food and Beverage Market Size and Y-o-Y Growth 4.5.2 Plastic Closures for Food and Beverage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PP Closure
5.2.2 PE Closure
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food
6.2.2 Beverage
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Closures for Food and Beverage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastic Closures for Food and Beverage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PP Closure
9.6.2 PE Closure
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food
9.10.2 Beverage
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PP Closure
10.6.2 PE Closure
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food
10.10.2 Beverage
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PP Closure
11.6.2 PE Closure
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food
11.10.2 Beverage
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PP Closure
12.6.2 PE Closure
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food
12.10.2 Beverage
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PP Closure
13.6.2 PE Closure
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food
13.10.2 Beverage
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastic Closures for Food and Beverage Market: Competitive Dashboard
14.2 Global Plastic Closures for Food and Beverage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bericap
14.3.2 Closure Systems International
14.3.3 Berry Global
14.3.4 Aptar Group
14.3.5 Silgan
14.3.6 ALPLA
14.3.7 THC
14.3.8 Mold Rite Plastics
14.3.9 Oriental Containers
14.3.10 Zijiang
14.3.11 Jinfu
14.3.12 Zhuhai Zhongfu
14.3.13 Blackhawk Molding
14.3.14 Mocap