PUBLISHER: Grand View Research | PRODUCT CODE: 1575111
PUBLISHER: Grand View Research | PRODUCT CODE: 1575111
The global plastic caps and closures market size was estimated at USD 45.22 billion in 2023 and is anticipated to grow at a CAGR of 4.8% from 2024 to 2030.The market is witnessing significant growth, primarily driven by the rising demand in food, beverage, pharmaceutical, and personal care sectors.
Increasing consumer demand for convenience and safety in packaging fuels the adoption of advanced caps and closures, such as tamper-evident (TE) and dispensing caps. Growing awareness about hygiene and product integrity, especially post-pandemic, has heightened the demand for innovative closures that ensure contamination-free products.
Opportunities in the market are being created by the rising popularity of sustainable materials, with manufacturers focusing on eco-friendly plastics like polypropylene (PP) and high-density polyethylene (HDPE). Several brands are launching new products to align with these trends. For example, companies like Berry Global and Aptar have introduced closures made from post-consumer recycled (PCR) materials, addressing environmental concerns and regulatory pressures.
Additionally, the expanding beverage industry, particularly in emerging markets like Asia-Pacific, continues to drive demand for plastic closures. In the pharmaceutical and personal care sectors, the need for precision dispensing and secure packaging creates growth opportunities for specialized closures, offering improved functionality and consumer experience.
Global Plastic Caps and Closures Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global plastic caps and closures market report based on material, product, technology, application, and region: