Global Plastic Caps and Closures Market 2015-2019
About plastic caps and closures
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.
Covered in this report
Technavio’s report, the global plastic caps and closures market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various types, end-user industries, and dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.
The report further provides data on the following segments of the market:
Technavio Announces the Publication of its Research Report – Global Plastic Caps and Closures Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Plastic Caps and Closures Market: Amcor, BERICAP, Berry Plastics, Closure Systems International, Guala Closures Group
Other Prominent Vendors in the market are: Oriental Containers, Blackhawk, Crown Holdings, Pelliconi, Premier Vinyl Solutions and Silgan
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.
Amcor, BERICAP, Berry Plastics, Closure Systems International, Guala Closures Group, Oriental Containers, Blackhawk, Crown Holdings, Pelliconi, Premier Vinyl Solutions, Silgan