The Plastic Caps & Closures Market size was USD 49.01 billion in 2023 and is expected to Reach USD 75.29 billion by 2031 and grow at a CAGR of 5.5 % over the forecast period of 2024-2031.
The plastic bottle caps and closures market is driven by increased demand for water from customers around the world. In order to avoid spills, simplify transport and improve shelf life, plastic caps and closures are used to seal water bottles. Demand for bottles of water is increasing as more people are becoming aware of contamination and safety problems in drinking water.
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Additionally, 15.5 billion gallons of bottled water were consumed worldwide, an increase of 4.4% over the previous year, according to Beverage Marketing Corporation (BMC). During the forecast period, the demand for plastic caps and lids will continue to increase.
The Qorpak HDPE F422 foamlined polypropylene caps are acid resistant. The.38"LDPE core is sandwiched in the same layers of.002"HDPE and.003"Ranisole, which makes it an F422 liner. The polypropylene closures, polyethylene foam lines, are particularly suitable for sealed applications due to their excellent chemical resistance. The product must be resistant to acids, alcohols, alkalis, water products, cosmetics, household oils and so on.
KEY DRIVERS:
The growing demand for packaging solutions
The necessity of effective and secured packaging solutions, where plastic caps and closures play a major role, is driven by the growing demand for packing foodstuff, beverages, pharmaceutical products, consumer goods or household products.
The demand for ecofriendly and recyclable plastic caps and closures is growing as concerns about environmental sustainability increase.
RESTRAIN:
Environmental issues and plastic pollution
Regulations on single use plastics, as well as an increased focus on recycling and sustainability, have resulted from growing environmental awareness and concern over plastic pollution. This will directly affect the plastics packaging and closures market.
OPPORTUNITY:
Expanding markets in emerging economies
This opportunity can be harnessed if market presence is expanded in emerging economies and regions that are experiencing a growing demand for disposable income, living patterns have changed or urbanization has taken place. With growing demand for packaging products, as well as associated caps and closures, the consumer base is expanding.
CHALLENGES:
The general public's perception and opinion
A significant obstacle is to overcome the negative perception of plastics as a result of media coverage of environmental issues and waste. In order to correct misunderstandings, the public needs to be informed of the benefits of recycling plastics and made aware of sustainable practices.
As a result of the war, the cost of raw materials, such as oil and gas, increased. It has led to an increase in the price of polyethylene and polypropylene caps and closures. Due to the decline in economic activity, there is a decrease in demand for plastic closures and caps. It is because of this war that the world economy has been rocked by uncertainty and instability. In plastics, caps and closures there was a disruption of trade due to the war. It has resulted in difficulties for companies to obtain the raw materials they need and export their products.
In March, the suppliers of PE increased their prices by 4 cents per pound, and expect further increases of 6 cents per pound in the second quarter of 2022. Similarly, suppliers of PP increased the price per pound by between 8 and 10 cents with another 4 cent increase possible in Q2 2022. Russia and Ukraine together make up the world's second-largest steel exporter (China is first) and both countries suspended steel exports after the invasion. The manufacturing of molds used in injection moulding will be hampered by the lack of steel.
As a result of the recession, demand for consumer products that use plastic closures or caps such as food and beverage products, personal hygiene products etc. is also expected to decrease. Increased competition with alternatives, such as metals and glass, is foreseen due to high plastic costs. Demand for plastic caps and closures is expected to decrease as a result. New investment in the plastic cap and closure sector is likely to be held back by uncertainty around the world economy. In the medium term, this could have a negative impact on market growth.
In 2023, as a result of the recession, the US market for plastic caps and closures is projected to decline by 2%. This is also due to increased cost of petroleum and energy and gas. In 2023, the market for plastics caps and closures in Europe is projected to decrease by 2.5% due to a recession. Since the prices of energy has increased in this region this will rise the production cost.
By Material
PP
LDPE
Others
By Product Type
Screw on Caps
Dispensing Caps
Others
Screw on caps will account for the major market share of around 70% over the forecast period. This is due to the increase in beverages consumption.
By Packaging Technology
Post Mold TE Band
Injection Molding
Compression Molding
By Container Type
Glass
Plastic
By End Use
Beverages
Food
Pharmaceuticals
Personal & Homecare
Others
Food & Beverage segment will dominate the end use industry. The food & beverage segment accounted for the 49.5% market share in the year 2022. The increasing demand for the ready to drink beverages, will give rise to the market growth.
Asia Pacific region is expected to dominate the global Plastic caps & closures market over the forecast period. Improving consumer lifestyles, increased disposable income, and increasing economy is expected to drive the market growth over the coming years.
North America is second largest dominating region. United states held the major market share and will dominate the region followed by Canada.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Plastic Caps & Closures market are Amcor Plc, United Caps, Guala Closures SPA, Aptar Inc, Silgan Plastics, Berry Global Inc, Closure Systems International Inc, MJS Packaging, Crown Holding, O.Berk Company and other players.
United Caps, the world's largest cap and closures manufacturer, has started producing an effective and sustainable plastic tie closure for carton packaging in 23 HPAK.
Amcor has introduced IMPRESSIONS, a technology developed in cooperation with MGJ that will allow brands to modify closure liners like the underside of bottle caps.
| Report Attributes | Details |
| Market Size in 2023 | US$ 49.01 Bn |
| Market Size by 2031 | US$ 75.29 Bn |
| CAGR | CAGR of 5.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Material (HDPE, PP, LDPE, Others) • by Product Type (Screw on Caps, Dispensing Caps, Others) • by Packaging Technology (Post Mold TE Band, Injection Molding, Compression Molding) • by Container Type (Glass, Plastic), by End Use (Beverages, Food, Pharmaceuticals, Personal & Homecare, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Amcor Plc, United Caps, Guala Closures SPA, Aptar Inc, Silgan Plastics, Berry Global Inc, Closure Systems International Inc, MJS Packaging, Crown Holding, O.Berk Company |
| Key Drivers | • The growing demand for packaging solutions • The demand for ecofriendly and recyclable plastic caps and closures is growing as concerns about environmental sustainability increase. |
| Key Restraints | • Environmental issues and plastic pollution |
Ans: The Plastic Caps & Closures Market is expected to grow at a CAGR of 5.1 %.
Ans: The Plastic Caps & Closures Market size was USD 46.50 billion in 2022 and is expected to Reach USD 69.23 billion by 2030.
Ans: The growing demand for packaging solutions from end use industries is driving the market growth.
Ans: Environmental issues and plastic pollution will restrain the market growth.
Ans: The Asia Pacific region held the largest market share and will continue to dominate the market.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact Of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Plastic Caps & Closures Market Segmentation, By Material
8.1 HDPE
8.2 PP
8.3 LDPE
8.4 Others
9. Plastic Caps & Closures Market Segmentation, By Product Type
9.1 Screw on Caps
9.2 Dispensing Caps
9.3 Others
10. Plastic Caps & Closures Market Segmentation, By Packaging Technology
10.1 Post Mold TE Band
10.2 Injection Molding
10.3 Compression Molding
11. Plastic Caps & Closures Market Segmentation, By Container Type
11.1 Glass
11.2 Plastic
12. Plastic Caps & Closures Market Segmentation, By End Use
12.1 Beverages
12.2 Food
12.3 Pharmaceuticals
12.4 Personal & Homecare
12.5 Others
13.1 Introduction
13.2 North America
13.2.1 North America Plastic Caps & Closures Market By Country
13.2.2 North America Plastic Caps & Closures Market By Material
13.2.3 North America Plastic Caps & Closures Market By Product Type
13.2.4 North America Plastic Caps & Closures Market By Packaging Technology
13.2.5 North America Plastic Caps & Closures Market By Container Type
13.2.6 North America Plastic Caps & Closures Market By End Use
13.2.7 USA
13.2.7.1 USA Plastic Caps & Closures Market By Material
13.2.7.2 USA Plastic Caps & Closures Market By Product Type
13.2.7.3 USA Plastic Caps & Closures Market By Packaging Technology
13.2.7.4 USA Plastic Caps & Closures Market By Container Type
13.2.7.5 USA Plastic Caps & Closures Market By End Use
13.2.8 Canada
13.2.8.1 Canada Plastic Caps & Closures Market By Material
13.2.8.2 Canada Plastic Caps & Closures Market By Product Type
13.2.8.3 Canada Plastic Caps & Closures Market By Packaging Technology
13.2.8.4 Canada Plastic Caps & Closures Market By Container Type
13.2.8.5 Canada Plastic Caps & Closures Market By End Use
13.2.9 Mexico
13.2.9.1 Mexico Plastic Caps & Closures Market By Material
13.2.9.2 Mexico Plastic Caps & Closures Market By Product Type
13.2.9.3 Mexico Plastic Caps & Closures Market By Packaging Technology
13.2.9.4 Mexico Plastic Caps & Closures Market By Container Type
13.2.9.5 Mexico Plastic Caps & Closures Market By End Use
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Plastic Caps & Closures Market By Country
13.3.1.2 Eastern Europe Plastic Caps & Closures Market By Material
13.3.1.3 Eastern Europe Plastic Caps & Closures Market By Product Type
13.3.1.4 Eastern Europe Plastic Caps & Closures Market By Packaging Technology
13.3.1.5 Eastern Europe Plastic Caps & Closures Market By Container Type
13.3.1.6 Eastern Europe Plastic Caps & Closures Market By End Use
13.3.1.7 Poland
13.3.1.7.1 Poland Plastic Caps & Closures Market By Material
13.3.1.7.2 Poland Plastic Caps & Closures Market By Product Type
13.3.1.7.3 Poland Plastic Caps & Closures Market By Packaging Technology
13.3.1.7.4 Poland Plastic Caps & Closures Market By Container Type
13.3.1.7.5 Poland Plastic Caps & Closures Market By End Use
13.3.1.8 Romania
13.3.1.8.1 Romania Plastic Caps & Closures Market By Material
13.3.1.8.2 Romania Plastic Caps & Closures Market By Product Type
13.3.1.8.3 Romania Plastic Caps & Closures Market By Packaging Technology
13.3.1.8.4 Romania Plastic Caps & Closures Market By Container Type
13.3.1.8.5 Romania Plastic Caps & Closures Market By End Use
13.3.1.9 Hungary
13.3.1.9.1 Hungary Plastic Caps & Closures Market By Material
13.3.1.9.2 Hungary Plastic Caps & Closures Market By Product Type
13.3.1.9.3 Hungary Plastic Caps & Closures Market By Packaging Technology
13.3.1.9.4 Hungary Plastic Caps & Closures Market By Container Type
13.3.1.9.5 Hungary Plastic Caps & Closures Market By End Use
13.3.1.10 Turkey
13.3.1.10.1 Turkey Plastic Caps & Closures Market By Material
13.3.1.10.2 Turkey Plastic Caps & Closures Market By Product Type
13.3.1.10.3 Turkey Plastic Caps & Closures Market By Packaging Technology
13.3.1.10.4 Turkey Plastic Caps & Closures Market By Container Type
13.3.1.10.5 Turkey Plastic Caps & Closures Market By End Use
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Plastic Caps & Closures Market By Material
13.3.1.11.2 Rest of Eastern Europe Plastic Caps & Closures Market By Product Type
13.3.1.11.3 Rest of Eastern Europe Plastic Caps & Closures Market By Packaging Technology
13.3.1.11.4 Rest of Eastern Europe Plastic Caps & Closures Market By Container Type
13.3.1.11.5 Rest of Eastern Europe Plastic Caps & Closures Market By End Use
13.3.2 Western Europe
13.3.2.1 Western Europe Plastic Caps & Closures Market By Country
13.3.2.2 Western Europe Plastic Caps & Closures Market By Material
13.3.2.3 Western Europe Plastic Caps & Closures Market By Product Type
13.3.2.4 Western Europe Plastic Caps & Closures Market By Packaging Technology
13.3.2.5 Western Europe Plastic Caps & Closures Market By Container Type
13.3.2.6 Western Europe Plastic Caps & Closures Market By End Use
13.3.2.7 Germany
13.3.2.7.1 Germany Plastic Caps & Closures Market By Material
13.3.2.7.2 Germany Plastic Caps & Closures Market By Product Type
13.3.2.7.3 Germany Plastic Caps & Closures Market By Packaging Technology
13.3.2.7.4 Germany Plastic Caps & Closures Market By Container Type
13.3.2.7.5 Germany Plastic Caps & Closures Market By End Use
13.3.2.8 France
13.3.2.8.1 France Plastic Caps & Closures Market By Material
13.3.2.8.2 France Plastic Caps & Closures Market By Product Type
13.3.2.8.3 France Plastic Caps & Closures Market By Packaging Technology
13.3.2.8.4 France Plastic Caps & Closures Market By Container Type
13.3.2.8.5 France Plastic Caps & Closures Market By End Use
13.3.2.9 UK
13.3.2.9.1 UK Plastic Caps & Closures Market By Material
13.3.2.9.2 UK Plastic Caps & Closures Market By Product Type
13.3.2.9.3 UK Plastic Caps & Closures Market By Packaging Technology
13.3.2.9.4 UK Plastic Caps & Closures Market By Container Type
13.3.2.9.5 UK Plastic Caps & Closures Market By End Use
13.3.2.10 Italy
13.3.2.10.1 Italy Plastic Caps & Closures Market By Material
13.3.2.10.2 Italy Plastic Caps & Closures Market By Product Type
13.3.2.10.3 Italy Plastic Caps & Closures Market By Packaging Technology
13.3.2.10.4 Italy Plastic Caps & Closures Market By Container Type
13.3.2.10.5 Italy Plastic Caps & Closures Market By End Use
13.3.2.11 Spain
13.3.2.11.1 Spain Plastic Caps & Closures Market By Material
13.3.2.11.2 Spain Plastic Caps & Closures Market By Product Type
13.3.2.11.3 Spain Plastic Caps & Closures Market By Packaging Technology
13.3.2.11.4 Spain Plastic Caps & Closures Market By Container Type
13.3.2.11.5 Spain Plastic Caps & Closures Market By End Use
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Plastic Caps & Closures Market By Material
13.3.2.12.2 Netherlands Plastic Caps & Closures Market By Product Type
13.3.2.12.3 Netherlands Plastic Caps & Closures Market By Packaging Technology
13.3.2.12.4 Netherlands Plastic Caps & Closures Market By Container Type
13.3.2.12.5 Netherlands Plastic Caps & Closures Market By End Use
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Plastic Caps & Closures Market By Material
13.3.2.13.2 Switzerland Plastic Caps & Closures Market By Product Type
13.3.2.13.3 Switzerland Plastic Caps & Closures Market By Packaging Technology
13.3.2.13.4 Switzerland Plastic Caps & Closures Market By Container Type
13.3.2.13.5 Switzerland Plastic Caps & Closures Market By End Use
13.3.2.14 Austria
13.3.2.14.1 Austria Plastic Caps & Closures Market By Material
13.3.2.14.2 Austria Plastic Caps & Closures Market By Product Type
13.3.2.14.3 Austria Plastic Caps & Closures Market By Packaging Technology
13.3.2.14.4 Austria Plastic Caps & Closures Market By Container Type
13.3.2.14.5 Austria Plastic Caps & Closures Market By End Use
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Plastic Caps & Closures Market By Material
13.3.2.15.2 Rest of Western Europe Plastic Caps & Closures Market By Product Type
13.3.2.15.3 Rest of Western Europe Plastic Caps & Closures Market By Packaging Technology
13.3.2.15.4 Rest of Western Europe Plastic Caps & Closures Market By Container Type
13.3.2.15.5 Rest of Western Europe Plastic Caps & Closures Market By End Use
13.4 Asia-Pacific
13.4.1 Asia Pacific Plastic Caps & Closures Market By Country
13.4.2 Asia Pacific Plastic Caps & Closures Market By Material
13.4.3 Asia Pacific Plastic Caps & Closures Market By Product Type
13.4.4 Asia Pacific Plastic Caps & Closures Market By Packaging Technology
13.4.5 Asia Pacific Plastic Caps & Closures Market By Container Type
13.4.6 Asia Pacific Plastic Caps & Closures Market By End Use
13.4.7 China
13.4.7.1 China Plastic Caps & Closures Market By Material
13.4.7.2 China Plastic Caps & Closures Market By Product Type
13.4.7.3 China Plastic Caps & Closures Market By Packaging Technology
13.4.7.4 China Plastic Caps & Closures Market By Container Type
13.4.7.5 China Plastic Caps & Closures Market By End Use
13.4.8 India
13.4.8.1 India Plastic Caps & Closures Market By Material
13.4.8.2 India Plastic Caps & Closures Market By Product Type
13.4.8.3 India Plastic Caps & Closures Market By Packaging Technology
13.4.8.4 India Plastic Caps & Closures Market By Container Type
13.4.8.5 India Plastic Caps & Closures Market By End Use
13.4.9 Japan
13.4.9.1 Japan Plastic Caps & Closures Market By Material
13.4.9.2 Japan Plastic Caps & Closures Market By Product Type
13.4.9.3 Japan Plastic Caps & Closures Market By Packaging Technology
13.4.9.4 Japan Plastic Caps & Closures Market By Container Type
13.4.9.5 Japan Plastic Caps & Closures Market By End Use
13.4.10 South Korea
13.4.10.1 South Korea Plastic Caps & Closures Market By Material
13.4.10.2 South Korea Plastic Caps & Closures Market By Product Type
13.4.10.3 South Korea Plastic Caps & Closures Market By Packaging Technology
13.4.10.4 South Korea Plastic Caps & Closures Market By Container Type
13.4.10.5 South Korea Plastic Caps & Closures Market By End Use
13.4.11 Vietnam
13.4.11.1 Vietnam Plastic Caps & Closures Market By Material
13.4.11.2 Vietnam Plastic Caps & Closures Market By Product Type
13.4.11.3 Vietnam Plastic Caps & Closures Market By Packaging Technology
13.4.11.4 Vietnam Plastic Caps & Closures Market By Container Type
13.4.11.5 Vietnam Plastic Caps & Closures Market By End Use
13.4.12 Singapore
13.4.12.1 Singapore Plastic Caps & Closures Market By Material
13.4.12.2 Singapore Plastic Caps & Closures Market By Product Type
13.4.12.3 Singapore Plastic Caps & Closures Market By Packaging Technology
13.4.12.4 Singapore Plastic Caps & Closures Market By Container Type
13.4.12.5 Singapore Plastic Caps & Closures Market By End Use
13.4.13 Australia
13.4.13.1 Australia Plastic Caps & Closures Market By Material
13.4.13.2 Australia Plastic Caps & Closures Market By Product Type
13.4.13.3 Australia Plastic Caps & Closures Market By Packaging Technology
13.4.13.4 Australia Plastic Caps & Closures Market By Container Type
13.4.13.5 Australia Plastic Caps & Closures Market By End Use
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Plastic Caps & Closures Market By Material
13.4.14.2 APAC Plastic Caps & Closures Market By Product Type
13.4.14.3 APAC Plastic Caps & Closures Market By Packaging Technology
13.4.14.4 APAC Plastic Caps & Closures Market By Container Type
13.4.14.5 APAC Plastic Caps & Closures Market By End Use
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Plastic Caps & Closures Market By country
13.5.1.2 Middle East Plastic Caps & Closures Market By Material
13.5.1.3 Middle East Plastic Caps & Closures Market By Product Type
13.5.1.4 Middle East Plastic Caps & Closures Market By Packaging Technology
13.5.1.5 Middle East Plastic Caps & Closures Market By Container Type
13.5.1.6 Middle East Plastic Caps & Closures Market By End Use
13.5.1.7 UAE
13.5.1.7.1 UAE Plastic Caps & Closures Market By Material
13.5.1.7.2 UAE Plastic Caps & Closures Market By Product Type
13.5.1.7.3 UAE Plastic Caps & Closures Market By Packaging Technology
13.5.1.7.4 UAE Plastic Caps & Closures Market By Container Type
13.5.1.7.5 UAE Plastic Caps & Closures Market By End Use
13.5.1.8 Egypt
13.5.1.8.1 Egypt Plastic Caps & Closures Market By Material
13.5.1.8.2 Egypt Plastic Caps & Closures Market By Product Type
13.5.1.8.3 Egypt Plastic Caps & Closures Market By Packaging Technology
13.5.1.8.4 Egypt Plastic Caps & Closures Market By Container Type
13.5.1.8.5 Egypt Plastic Caps & Closures Market By End Use
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Plastic Caps & Closures Market By Material
13.5.1.9.2 Saudi Arabia Plastic Caps & Closures Market By Product Type
13.5.1.9.3 Saudi Arabia Plastic Caps & Closures Market By Packaging Technology
13.5.1.9.4 Saudi Arabia Plastic Caps & Closures Market By Container Type
13.5.1.9.5 Saudi Arabia Plastic Caps & Closures Market By End Use
13.5.1.10 Qatar
13.5.1.10.1 Qatar Plastic Caps & Closures Market By Material
13.5.1.10.2 Qatar Plastic Caps & Closures Market By Product Type
13.5.1.10.3 Qatar Plastic Caps & Closures Market By Packaging Technology
13.5.1.10.4 Qatar Plastic Caps & Closures Market By Container Type
13.5.1.10.5 Qatar Plastic Caps & Closures Market By End Use
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Plastic Caps & Closures Market By Material
13.5.1.11.2 Rest of Middle East Plastic Caps & Closures Market By Product Type
13.5.1.11.3 Rest of Middle East Plastic Caps & Closures Market By Packaging Technology
13.5.1.11.4 Rest of Middle East Plastic Caps & Closures Market By Container Type
13.5.1.11.5 Rest of Middle East Plastic Caps & Closures Market By End Use
13.5.2 Africa
13.5.2.1 Africa Plastic Caps & Closures Market By Country
13.5.2.2 Africa Plastic Caps & Closures Market By Material
13.5.2.3 Africa Plastic Caps & Closures Market By Product Type
13.5.2.4 Africa Plastic Caps & Closures Market By Packaging Technology
13.5.2.5 Africa Plastic Caps & Closures Market By Container Type
13.5.2.6 Africa Plastic Caps & Closures Market By End Use
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Plastic Caps & Closures Market By Material
13.5.2.7.2 Nigeria Plastic Caps & Closures Market By Product Type
13.5.2.7.3 Nigeria Plastic Caps & Closures Market By Packaging Technology
13.5.2.7.4 Nigeria Plastic Caps & Closures Market By Container Type
13.5.2.7.5 Nigeria Plastic Caps & Closures Market By End Use
13.5.2.8 South Africa
13.5.2.8.1 South Africa Plastic Caps & Closures Market By Material
13.5.2.8.2 South Africa Plastic Caps & Closures Market By Product Type
13.5.2.8.3 South Africa Plastic Caps & Closures Market By Packaging Technology
13.5.2.8.4 South Africa Plastic Caps & Closures Market By Container Type
13.5.2.8.5 South Africa Plastic Caps & Closures Market By End Use
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Plastic Caps & Closures Market By Material
13.5.2.9.2 Rest of Africa Plastic Caps & Closures Market By Product Type
13.5.2.9.3 Rest of Africa Plastic Caps & Closures Market By Packaging Technology
13.5.2.9.4 Rest of Africa Plastic Caps & Closures Market By Container Type
13.5.2.9.5 Rest of Africa Plastic Caps & Closures Market By End Use
13.6 Latin America
13.6.1 Latin America Plastic Caps & Closures Market By Country
13.6.2 Latin America Plastic Caps & Closures Market By Material
13.6.3 Latin America Plastic Caps & Closures Market By Product Type
13.6.4 Latin America Plastic Caps & Closures Market By Packaging Technology
13.6.5 Latin America Plastic Caps & Closures Market By Container Type
13.6.6 Latin America Plastic Caps & Closures Market By End Use
13.6.7 Brazil
13.6.7.1 Brazil Plastic Caps & Closures Market By Material
13.6.7.2 Brazil Africa Plastic Caps & Closures Market By Product Type
13.6.7.3Brazil Plastic Caps & Closures Market By Packaging Technology
13.6.7.4 Brazil Plastic Caps & Closures Market By Container Type
13.6.7.5 Brazil Plastic Caps & Closures Market By End Use
13.6.8 Argentina
13.6.8.1 Argentina Plastic Caps & Closures Market By Material
13.6.8.2 Argentina Plastic Caps & Closures Market By Product Type
13.6.8.3 Argentina Plastic Caps & Closures Market By Packaging Technology
13.6.8.4 Argentina Plastic Caps & Closures Market By Container Type
13.6.8.5 Argentina Plastic Caps & Closures Market By End Use
13.6.9 Colombia
13.6.9.1 Colombia Plastic Caps & Closures Market By Material
13.6.9.2 Colombia Plastic Caps & Closures Market By Product Type
13.6.9.3 Colombia Plastic Caps & Closures Market By Packaging Technology
13.6.9.4 Colombia Plastic Caps & Closures Market By Container Type
13.6.9.5 Colombia Plastic Caps & Closures Market By End Use
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Plastic Caps & Closures Market By Material
13.6.10.2 Rest of Latin America Plastic Caps & Closures Market By Product Type
13.6.10.3 Rest of Latin America Plastic Caps & Closures Market By Packaging Technology
13.6.10.4 Rest of Latin America Plastic Caps & Closures Market By Container Type
13.6.10.5 Rest of Latin America Plastic Caps & Closures Market By End Use
14 Company Profile
14.1 Amcor Plc
14.1.1 Company Overview
14.1.2 Financials
14.1.3 Product/Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 United Caps
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Guala Closures SPA
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Aptar Inc
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Silgan Plastics
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Berry Global Inc
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Closure Systems International Inc
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 MJS Packaging
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Crown Holding
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 O.Berk Company
14.10.1 Company Overview
14.10.2 Financials
14.10.3 Product/Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Bench marking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
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The Corrugated Bulk Bins Market size was USD 12.43 billion in 2023 and is expected to Reach USD 17.68 billion by 2031 and grow at a CAGR of 4.5 % over the forecast period of 2024-2031.
The Modular Construction Market size was valued at USD 98 billion in 2023 and is expected to grow to USD 174.13 billion by 2031 and grow at a CAGR of 7.45% over the forecast period of 2024-2031.
The Retort Packaging Market size was USD 3.67 billion in 2023 and is expected to Reach USD 5.49 billion by 2031 and grow at a CAGR of 5.04% over the forecast period of 2024-2031.
The Vacuum Skin Packaging Market size was valued at USD 7.97 Billion in 2023, and it is expected to reach USD 11.04 Billion by 2032 with a growing CAGR of 3.69 % over the forecast period 2024-2032.
The Graphic Film Market size was USD 32.67 billion in 2023 and is expected to Reach USD 49.16 billion by 2031 and grow at a CAGR of 5.24 % over the forecast period of 2024-2031.
The Multi Wall Bags Market size was USD 15.25 billion in 2023 and is expected to Reach USD 21.52 billion by 2031 and grow at a CAGR of 4.4 % over the forecast period of 2024-2031.
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