Plastic Caps And Closures Market

Plastic Caps and Closures Market: Non-Carbonated Beverages to Remain Dominant Through 2027: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

  • REP-GB-1205
  • 2018-01-22
  • 305 Pages
  • Format: pdf
  • Category: Packaging

Replacement of glass bottles with plastic bottles and the booming beverages industry to positively influence the growth of the global plastic caps and closures market

Due to the fragile properties of glass and its high cost, the demand for glass bottles is decreasing throughout the world and its place is being taken by plastic bottles and containers. PET bottles are being preferred over glass as they are easy to transport over long distances and to avoid breakages. Approximately 600 billion units of PET bottles are being manufactured globally to meet this increasing demand. The main uses of such plastic bottles are for the packaging of carbonated soft drinks, bottled water, juices and other ready to drink beverages. Also, the rise in demand for such kind of products in the emerging economies bodes well for the plastic caps and closures market in the coming years. Other end-use industries where plastic caps and closures are used in bottles include cosmetics and personal care, household, food and chemical products.

The beverages segment dominates the global plastic caps and closures market as there is a high demand for carbonated soft drinks, bottled water, ready-to-drink teas and coffees in the developed countries. There is increasing demand for such kind of products in the developing countries due to a rise in the disposable incomes of the middle class households in countries such as India, China, Brazil, etc. This increase in the disposable income leads to a higher consumer spending on convenience products. In addition, the demand for plastic caps and closures has also increased in other end-use industries such as the cosmetics and personal care industry.

The global plastic caps and closures market was estimated to be valued at nearly US$ 34,200 Mn in the year 2017 and is likely to reach a valuation of nearly US$ 54,800 Mn at the end of the assessment period in the year 2027. The global plastic caps and closures market is anticipated to display a CAGR of 4.8% by value during 2017-2027.

Increasing consumption of ready-to-drink beverages in the APEJ region to contribute to market revenue growth

There is an increasing consumption of ready-to-drink beverages and carbonated soft drinks in the APEJ region. This is due to rising disposable incomes of the middle class households, which leads to more spending on convenience products. Also, in some countries where the penetration of carbonated soft drinks is already high, the trend is shifting from consuming soft drinks to ready-to-drink teas and coffees. On the other hand, consumers are becoming more health conscious and the demand for healthy beverages is on the rise and this is contributing to the healthy growth of the plastic caps and closures market in the APEJ region. In addition, various international beverage companies like Coca Cola, PepsiCo, etc. are shifting their focus from developed countries and concentrating on emerging economies such as India, Thailand, ASEAN, etc. to boost their sales in the APEJ region. This trend is predicted to increase their consumer base. The rapid increase in the ready-to-drink beverages market in the APEJ is likely to boost the growth of the global plastic caps and closures market.

plastic caps and closures market

Global Plastics Caps & Closures Market Analysis, by End Use

As per the assessment of Future Market Insights, the beverages segment in the end-use category was estimated to be valued at nearly US$ 16,500 Mn in 2017 and is likely to reach a valuation of nearly US$ 27,200 Mn in the year 2027 and in the process exhibit a CAGR of 5.1% during the assessment period 2017-2027. The food segment in the end-use category was estimated to be valued at nearly US$ 5,100 Mn in 2017 and is likely to reach a figure of US$ 8,000 Mn in the year 2027 and exhibit a CAGR of 4.6% during the period of forecast.

Introduction

Future Market Insights presents a detailed and a meticulously prepared report titled ‘Plastic Caps and Closures Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017-2027’. This report tracks the global plastic caps and closures market and presents the forecast for this market for a period of 10 years. Caps and closures are components, techniques or devices that are used to seal or close a bottle, jar, tube, can or any other container. Generally, closures are made up of metal and/or plastic. The plastics material used in caps and closures are thermoplastics and thermosets.

Report Structure

In order to have an ease of understanding and for a better organization of the research, the report on the global plastic caps and closures market has been divided into four distinct parts. The first part of the report comprises the introduction section with the executive summary of the report along with the market taxonomy and the definition of the product and the market viewpoint. In this section, information is also given about the top 30 beverage companies in the world in 2016. Also, the key trends operating in the global plastic caps and closures market are also given in this section of the report. A section of the report focusses on the consumer survey analysis and inputs of the top market participants about the global plastic caps and closures market. The first section of the report also presents information about the value chain analysis and the pricing analysis of the global plastic caps and closures market. The second part of the report features the global plastic caps and closures market analysis for 2012-2016 and forecast for 2017-2027 by region, cap type, material type and end use. This section of the report contains important market numbers in the form of market attractiveness index, incremental dollar opportunity and basis point share analysis. The third part of the report comprises the regional plastic caps and closures market analysis and the regions are chosen as per the market taxonomy. In these sections, the drivers, restraints and trends governing the regional plastic caps and closures markets are discussed in detail along with regional market numbers.

Competition Landscape

The last part of the report provides information on the competition landscape of the global plastic caps and closures market and includes details on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global plastic caps and closures market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with a comprehensive SWOT analysis. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global plastic caps and closures market in detail and also reveals how they implement their strategies and vision to stay at the top in this highly competitive market.

Research Methodology

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the global plastic caps and closures market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global plastic caps and closures market. 

Market Taxonomy

Cap Type

Material Type

End Use

Region

  • Screw Closures

  • Snap Closures

  • Push-Pull Closures

  • Others

  • Thermoplastics

  • PE

  • LDPE/LLDPE

  • HDPE

  • PP

  • Others (PS, PET, etc.)

  • Thermosets

  • Beverages

    • Non-Carbonated Drinks

      • Alcoholic Beverages

      • Bottled Water

      • Fruit Beverages

      • Ready to Drink Beverages

      • Sports Drinks

    • Carbonated Drinks

  • Food

  • Pharmaceuticals

  • Household

  • Cosmetics & Personal Care

  • Others (Chemical & Fertilisers, etc.)

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan

  • Middle East and Africa

  • Japan