Market Overview

Global Plastic Caps & Closures Market Outlook to 2021: Analysis by Product, End-User and Region - Bottled Water Leads Growth in Most Markets - ResearchAndMarkets.com

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Plastic Caps & Closures by Product, Market and Region"

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Global demand for plastic caps and closures will advance due to a
worldwide trend favoring plastic food and beverage containers, which
usually use plastic closures. Value gains will be driven by growing
consumer preference for closures that offer convenience and ease-of-use
advantages, as well as safety features.

The Asia/Pacific and Africa/Mideast regions will offer the fastest
growth opportunities, due to above average increases in food production
and processing activity. In developed regions, growth will be more
modest for plastic closures, although these products will continue to
grow their share of the overall market for caps and closures.

This industry study presents historical demand data (2006, 2011 and
2016) and forecasts for 2021 by region, product (threaded, unthreaded,
dispensing, and child resistant), and end-user (beverages, food,
pharmaceuticals, and other).

The study also evaluates company market share and provides analysis on
industry competitors, including:

  • Amcor
  • AptarGroup
  • BERICAP
  • Berry Global
  • Closure Systems International (Reynolds Group)
  • Global Closures Systems (RPC Group)
  • Silgan

Key Findings

Bottled Water Leads Growth in Most Markets

Bottled water has become the leading plastic closures market in unit
terms. In developed markets, bottled water is viewed as a convenient
on-the-go beverage option and a healthier alternative to soft drinks and
other more caloric beverage choices. Even in developed countries that
continue to have low per capita consumption rates for bottled water,
growth will usually be faster than average. In developing areas, bottled
water demand has been driven by substandard local water supplies, as
well as rising personal incomes that have made bottled water a more
accessible convenience. These factors have not only boosted demand for
high volume plastic screw caps on single-serve containers, but for
dispensing closures and other closures used with larger water containers.

Pharmaceutical Applications to Register Robust Growth

Gains for plastic closures in the pharmaceutical market will be driven
by sustained growth in pharmaceutical output, as well as from ongoing
efforts by drug makers to remain in compliance with government
regulations and industry standards involving the child resistant,
senior-friendly, and security features of pharmaceutical packaging
systems. Value growth will also result from increased use of high
value-added dispensing and other functional closures that aid in the
administration of oral liquid, topical, and other drugs.

Threaded Closures Lead Due to Dominance of Beverage Markets

Threaded plastic closures will continue to account for a large majority
of demand - 67% in 2021. However, the smaller dispensing and
child-resistant closure segments will register slightly faster growth,
due to trends favoring higher value closures in such applications as
over-the-counter pharmaceuticals, health and beauty products, and
household cleaning products.

For more information about this report visit https://www.researchandmarkets.com/research/z2xjsg/global_plastic?w=4

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