IMARC Group, a leading market research company, has recently released a report titled “Asia Pacific Plastic Caps and Closure Market Report by Product Type (Screw-On Caps, Dispensing Caps, and Others), Raw Material (PET, PP, HDPE, LDPE, and Others), Container Type (Plastic, Glass, and Others), Technology (Injection Molding, Compression Molding, Post-Mold Tamper-Evident Band), End Use (Beverages, Industrial Chemicals, Food, Cosmetics, Household Chemicals, Pharmaceuticals, and Others), and Country 2024-2032.” The study provides a detailed analysis of the industry, including the Asia Pacific plastic caps and closure market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Asia Pacific plastic caps and closure market?
The Asia Pacific plastic caps and closure market size reached US$ 20.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
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Asia Pacific Plastic Caps and Closure Market
The Asia Pacific plastic caps and closure market is experiencing significant growth, primarily driven by the expanding food and beverage (F&B) and pharmaceuticals industries in the region. The increasing consumption of bottled water, carbonated drinks, and other packaged beverages in countries, including China and India, is propelling the demand for plastic caps and closures. Additionally, these products are essential for ensuring the safety and integrity of the beverage inside and extending its shelf life. Besides this, the rising healthcare needs among the geriatric population are also driving the regional market. Furthermore, plastic caps and closures are widely used in the pharmaceuticals sector for sealing medicines and healthcare products, thereby ensuring the safety of drugs and compliance with regulatory standards.
Apart from this, one of the emerging trends positively influencing the regional market includes the growing focus of key players on sustainability. This has led to numerous innovations in biodegradable and recyclable plastic materials for caps and closures. Moreover, the introduction of eco-friendly packaging solutions is acting as another significant growth-inducing factor. Besides this, technological advancements in the design and manufacturing of plastic caps and closures to enhance user convenience and product security are further propelling the market growth. The increasing adoption of tamper-evident and child-resistant closures, owing to the growing emphasis of government bodies on product safety, particularly in pharmaceutical packaging, is expected to drive the Asia Pacific plastic caps and closure market over the forecasted period.
Asia Pacific plastic caps and closure market Report Segmentation:
Breakup by Product Type:
- Screw-On Caps
- Dispensing Caps
- Others
Breakup by Raw Material:
- PET
- PP
- HDPE
- LDPE
- Others
Breakup by Container Type:
- Plastic
- Glass
- Others
Breakup by Technology:
- Injection Molding
- Compression Molding
- Post-Mold Tamper-Evident Band
Breakup by End Use:
- Beverages
- Industrial Chemicals
- Food
- Cosmetics
- Household Chemicals
- Pharmaceuticals
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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