Just Published: "Global Plastic Caps and Closures Market 2015-2019"

From: Fast Market Research, Inc.
Published: Mon Sep 07 2015

The caps and closures segment is an essential part of the packaging industry. This segment serves various end-user segments, including beverage packaging, non-food and beverage packaging, food, pharmaceuticals, industrial packaging, personal care, and automotive. There are several variants in caps and closures, which includes those made from metal, plastic, and rubber/cork. Caps and closures include lug caps, snap caps, roll-on closures, threaded caps, stoppers, and canning lids.

Features such as versatility and durability make plastic an ideal material for making caps and closures. Their lightweight reduces handling and shipping costs, which in turn reduces the overall cost.

Technavio's analysts forecast the global plastic caps and closures market to grow at a CAGR of 5.92% by revenue during 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "Water packaging is the fastest-growing segment of the beverage market, and PET is widely used for it. Most packaged products are designed for single use, so plastic is the preferred material on account of its low cost. Diminished water sources, a rising urban population, and increased demand for potable water are resulting in increased water trade. This is boosting the demand for packaging material, including caps and closures."

According to the report, PE, PP, PVC, and polystyrene (PS) are the mostly commonly used plastic resins. Crude oil refiners worldwide are increasingly resorting to downstream integration to improve profit margins. This has resulted in easier availability of polymer resins and a reduction in polymer prices. Also, technological innovations such as the development of cost-efficient and energy-efficient machineries have lowered the fixed capital requirement and reduced production and operating expenses, thereby encouraging the adoption of plastic in packaging applications.

Further, the report states that incompatibility of the substrates such as PP and PE with certain organic liquids and mineral acids is hindering the growth of the market.

The key players in the Global Plastic Caps and Closures Market are Amcor, BERICAP, Berry Plastics, Closure Systems International, Guala Closures Group while other prominent vendors include Oriental Containers, Blackhawk, Crown Holdings, Pelliconi, Premier Vinyl Solutions and Silgan

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit - http://www.technavio.com/report/plastic-caps-and-closures-market

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You may also be interested in these related reports:

- Global Caps and Closures Market 2015-2019
- Caps and Closures Market in North America 2015-2019
- Global Pharmaceutical Packaging Market 2015-2019
- Global Plastic Packaging Market 2015-2019
- Global Flexible Packaging Market 2015-2019

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