Beverages End Use Industry to Account for the Highest Value Share of the Global Plastic Caps and Closures Market in the Coming Decade

Valley Cottage, NY, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Future Market Insights presents a new report titled ‘Plastic Caps and Closures Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017-2027’ that studies the performance of the global plastic caps and closures market over a 10 year assessment period from 2017 to 2027. The report presents the value and volume forecasts of the global plastic caps and closures market and provides important insights into the factors driving market growth as well as the factors restricting market growth. According to the report forecasts, the global plastic caps and closures market was estimated to be valued at nearly US$ 34,200 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 54,800 Mn in 2027 and in the process exhibit a CAGR of 4.8% during the assessment period 2017-2027.

Top Trends in the Global Plastic Caps and Closures Market

The trends that are gaining popularity in the beverages sector of the plastic caps and closures market is light-weighting and constant efforts towards reducing the costs and achieving sustainability targets. Most of the top manufacturers in the global plastic caps and closures market are spending a great amount of money on research and development initiatives. R&D on plastic caps and closures mainly pertains to light weight designs, new consumer needs and consumer convenience. Some of the practical examples of such trends are the knurl pattern for easy gripping, smart hinge caps and extended height caps for the purpose of ergonomics. However, this process of weight reduction doesn’t apply to the short caps that are popularly used in the U.S. and European markets. In the markets of China and Africa, tall neck finishes are still widely used and it is in such product types that weight reduction techniques can be used efficiently. In the latest innovations in the global plastic caps and closures market, the weight of 30/25 mm cap is reduced from 2 grams to 1.58 grams.

Plastic Caps and Closures Market Segmentation Cap Type - Screw Closures, Snap Closures, Push-Pull Closures, Others; Material Type – Thermoplastics, PE, LDPE/LLDPE, HDPE, PP, Others (PS, PET, etc.), Thermosets; End Use - 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.): https://www.futuremarketinsights.com/reports/plastic-caps-and-closures-market

The global plastic caps and closures market is segmented on the basis of cap type, material type and end use.

The screw closures segment in the cap type category was estimated to be valued at nearly US$ 24,200 Mn in 2017 and is anticipated to reach a valuation of about US$ 38,600 Mn in 2027 with a CAGR of 4.8% during 2017-2027

The thermoplastics segment in the material type category was estimated to be valued at nearly US$ 33,300 Mn in 2017 and is likely to reach a valuation of nearly US$ 53,400 Mn in 2027

The non-carbonated drinks sub-segment in the end use category is expected to register a CAGR of 5.2% during the period of forecast..

Request to View Sample Report - https://www.futuremarketinsights.com/reports/sample/rep-gb-1205

Global Plastic Caps and Closures Market: Regional Forecast

The APEJ plastic caps and closures market was estimated to be valued at nearly US$ 11,600 Mn in 2017 and is projected to reach a valuation of nearly US$ 20,550 Mn in 2027, registering a CAGR of 5.9% during 2017-2027.

Request Report TOC @ https://www.futuremarketinsights.com/askus/rep-gb-1205

Global Plastic Caps and Closures Market: Vendor Insights

This report studies some of the important companies operating in the global plastic caps and closures market such as Closure Systems International, Inc., Silgan Plastic Closure Solutions, Bericap GmbH and Co KG, Global Closure Systems, AptarGroup, Inc., Berry Plastics Group, Inc., Amcor Limited, O.Berk Company, LLC, Blackhawk Molding Co. Inc., CL Smith Company, Georg MENSHEN GmbH & Co. KG and Takween Advanced Industries among others..

Global Plastic Caps and Closures Market is available @ US$ 5000

About FMI

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790 
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremrketinsights.com
FMI Blog: http://www.fmiblog.com/
Website: www.futuremarketinsights.com