Market Overview:
The global plastic closure 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 plastic closures from the beverage, pharmaceutical, and personal care products industries. In terms of type, PP closures are expected to dominate the market during the forecast period owing to their properties such as resistance against heat and chemicals. In terms of application, the beverage industry is expected to account for a major share of the global plastic closure market during the forecast period. This can be attributed to factors such as rising demand for packaged beverages and growing awareness about hygiene among consumers.
Product Definition:
Plastic closures are used to seal containers. They can be made from a variety of materials including but not limited to polypropylene (PP), polyethylene terephthalate (PET), and high-density polyethylene (HDPE). Plastic closures are important because they provide a way to keep products contained and protect them from outside contaminants.
PP Closure:
Polypropylene (PP) closure is a type of plastic packaging that is used to close containers. PP closure has the ability to be resealed and can be used for both liquid and solid products. The most common application of PP closures are PET bottles, glass bottles, metal cans, paper cups & boxes among others.
PE Closure:
Polyethylene (PE) closure is a type of plastic used for packaging. It has high clarity, low moisture vapor transmission rate, and excellent barrier properties to gases and liquids. PE closures are produced in various shapes and sizes; the most common being the A-ring seal, which is widely used for food packaging applications.
Application Insights:
The others application segment includes food & beverage, pharmaceutical, personal care products and others. The demand for plastic closure in the aforementioned applications is expected to witness growth owing to its properties such as light weight, flexibility and durability. In addition, it has been observed that these types of closures have a positive impact on the environment as compared to metal or glass alternatives due to lesser amount of material used in their manufacturing process.
The global plastic closure market by application is segmented into beverage industry, pharmaceutical industry, personal care products and other industries including food & beverages among others. The demand for PP Closure was highest in 2017 followed by PE Closure while Other typeClosure held a relatively smaller share owing to its higher cost than PP or PE closures respectively.
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 major share of plastic production owing to low labor costs, which has resulted in high demand from manufacturing industries. China is one of the largest producers and consumers of plastic products across this region due to easy availability of raw materials as well as skilled labor at cheaper costs.
North America emerged as the second-largest regional market in 2017 on account of high demand from end-use industries such as pharmaceuticals, personal care products, food & beverage sector etc. U.S., being a developed economy with highly educated workforce and advanced technology will remain an important consumer for this industry across North America during the forecast period – 2018 to 2030 (estimated). Europe also accounted for a significant share within this industry owing to presence or key companies such as Danimer Scientific LLC; FrieslandCampina Domo; Heineken N.
Growth Factors:
- Increasing demand from end-use industries: The global plastic closure market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from end-use industries such as food and beverage, pharmaceuticals, and cosmetics.
- Rising disposable income: The growth of the middle class population in developing countries is expected to drive the demand for plastic closures over the next few years. This is because of their inclination towards packaged and branded products, which require closures for protection and extended shelf life.
- Technological advancements: The introduction of new technologies in closure manufacturing has led to innovations in design, material type, color options, etc., thereby providing consumers with a wider range of choices. This is likely to boost the growth of the global plastic closure market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Closure Market Research Report
By Type
PP Closure, PE Closure, Other
By Application
Beverage Industry, Pharmaceutical Industry, Personal Care Products, Others
By Companies
Bericap, Closure Systems International, Aptar Group, GCS, Silgan, ALPLA, THC, Berry Plastics, Mold Rite Plastics, Oriental Containers, Zijiang, Jinfu, 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Closure Market Report Segments:
The global Plastic Closure 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
Beverage Industry, Pharmaceutical Industry, Personal Care Products, Others
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
- Aptar Group
- GCS
- Silgan
- ALPLA
- THC
- Berry Plastics
- Mold Rite Plastics
- Oriental Containers
- Zijiang
- Jinfu
- ZhongFu
- Blackhawk Molding
- Mocap
Highlights of The Plastic Closure 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:
- Beverage Industry
- Pharmaceutical Industry
- Personal Care Products
- Others
- 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 Closure 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.
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- Correctly Positioning New Products
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- Product & Brand Management
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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 closure is a type of packaging that uses plastic to seal the contents inside. It is often used for products that are sensitive to moisture, such as food.
Some of the key players operating in the plastic closure market are Bericap, Closure Systems International, Aptar Group, GCS, Silgan, ALPLA, THC, Berry Plastics, Mold Rite Plastics, Oriental Containers, Zijiang, Jinfu, ZhongFu, Blackhawk Molding, Mocap.
The plastic closure market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Closure Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic Closure Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Closure Market - Supply Chain
4.5. Global Plastic Closure Market Forecast
4.5.1. Plastic Closure Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Closure Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic Closure Market Absolute $ Opportunity
5. Global Plastic Closure Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plastic Closure Market Size and Volume Forecast by Type
5.3.1. PP Closure
5.3.2. PE Closure
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic Closure Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plastic Closure Market Size and Volume Forecast by Application
6.3.1. Beverage Industry
6.3.2. Pharmaceutical Industry
6.3.3. Personal Care Products
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic Closure Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plastic Closure Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plastic Closure Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plastic Closure Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plastic Closure Demand Share Forecast, 2019-2029
9. North America Plastic Closure Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plastic Closure Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plastic Closure Market Size and Volume Forecast by Application
9.4.1. Beverage Industry
9.4.2. Pharmaceutical Industry
9.4.3. Personal Care Products
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic Closure Market Size and Volume Forecast by Type
9.7.1. PP Closure
9.7.2. PE Closure
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plastic Closure Demand Share Forecast, 2019-2029
10. Latin America Plastic Closure Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plastic Closure Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plastic Closure Market Size and Volume Forecast by Application
10.4.1. Beverage Industry
10.4.2. Pharmaceutical Industry
10.4.3. Personal Care Products
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic Closure Market Size and Volume Forecast by Type
10.7.1. PP Closure
10.7.2. PE Closure
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plastic Closure Demand Share Forecast, 2019-2029
11. Europe Plastic Closure Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plastic Closure Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plastic Closure Market Size and Volume Forecast by Application
11.4.1. Beverage Industry
11.4.2. Pharmaceutical Industry
11.4.3. Personal Care Products
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic Closure Market Size and Volume Forecast by Type
11.7.1. PP Closure
11.7.2. PE Closure
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plastic Closure Demand Share, 2019-2029
12. Asia Pacific Plastic Closure Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plastic Closure Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plastic Closure Market Size and Volume Forecast by Application
12.4.1. Beverage Industry
12.4.2. Pharmaceutical Industry
12.4.3. Personal Care Products
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic Closure Market Size and Volume Forecast by Type
12.7.1. PP Closure
12.7.2. PE Closure
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plastic Closure Demand Share, 2019-2029
13. Middle East & Africa Plastic Closure Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plastic Closure Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plastic Closure Market Size and Volume Forecast by Application
13.4.1. Beverage Industry
13.4.2. Pharmaceutical Industry
13.4.3. Personal Care Products
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic Closure Market Size and Volume Forecast by Type
13.7.1. PP Closure
13.7.2. PE Closure
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plastic Closure Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Plastic Closure Market: Market Share Analysis
14.2. Plastic Closure Distributors and Customers
14.3. Plastic Closure Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bericap
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Closure Systems International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aptar Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GCS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Silgan
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ALPLA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. THC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Berry Plastics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mold Rite Plastics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Oriental Containers
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zijiang
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jinfu
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ZhongFu
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Blackhawk Molding
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mocap
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
