How large is the plastic caps and closures market, and what is its growth trajectory?_x000D_
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The plastic caps and closures market size has grown strongly in recent years. It will grow from $49.91 billion in 2024 to $53.43 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to competition driving innovation, market globalization impact, consumer preferences influence, innovative closure designs._x000D_
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The plastic caps and closures market size is expected to see strong growth in the next few years. It will grow to $73.32 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rise in packaged product demand, sustainability focus, preference for lightweight solutions, customization and branding needs, adaptation to consumer preferences. Major trends in the forecast period include competition and product differentiation, global market expansion, market response to consumer preferences, regulatory compliance, demand for convenience._x000D_
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Which industry factors have accelerated the plastic caps and closures market’s expansion?_x000D_
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An increase in demand for bottled water from consumers across the globe is driving the plastic caps and closures market. Bottled water essentially refers to drinking water packaged in plastic or glass bottles. The bottled water is sealed with plastic caps and closures to prevent spillage, facilitate easy transportation and extend shelf life. For instance, in May 2023, according to the International Bottled Water Association, a US-based trade organization, Americans consumed, on average, 46.5 gallons of bottled water in 2022, which approached $46 billion, up from $40.8 billion in 2021. This is expected to continue in the forecast period, thus driving demand for plastic caps and the closure market._x000D_
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What are the primary segments of the plastic caps and closures market?_x000D_
The plastic caps and closures market covered in this report is segmented –_x000D_
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1) By Product Type: Screw Caps, Dispensing Caps, Other Product Types_x000D_
2) By Materials: Polypropylene, Polystyrene, Polyethylene, Other Materials_x000D_
3) By End-User: Pharmaceutical, Personal Care, Food And Beverages, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Screw Caps: Metal Screw Caps, Plastic Screw Caps, Child-Resistant Screw Caps, Tamper-Evident Screw Caps_x000D_
2) By Dispensing Caps: Flip-Top Caps, Pump Dispensers, Nozzle Caps, Spray Caps_x000D_
3) By Other Product Types: Corks, Snap-On Caps, Spout Caps, Specialty Closures_x000D_
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Which firms are leading the plastic caps and closures market?_x000D_
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Major companies operating in the plastic caps and closures market include Berry Global Inc., Amcor plc, Crown Holdings Inc., Silgan Holdings Inc., AptarGroup Inc., Berlin Packaging LLC, Albea SA, BERICAP GmbH & Co KG, Closure Systems International Inc., CL Smith Company, O.Berk Company, TricorBraun Ltd., Pretium Packaging LLC, United Caps Luxembourg S.A., Mold-Tek Packaging Ltd., Phoenix Closure Inc., Mold-Rite Plastics LLC., United States Plastic Corp, Tim Plastics Inc., Kaufman Container, Pano Cap Limited, Blackhawk Molding Co Inc., Comar LLC., MJS Packaging Services Ltd., Plastic Closures Ltd., Caps & Closures Pty Ltd., Weatherchem Corporation, Guala Closures Group India Pvt Ltd., Cap & Seal Pvt Ltd., Hicap Closures Co Ltd., All American Containers Inc., Alpha Packaging Pvt Ltd., CKS Packaging Inc._x000D_
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Which market trends are set to define the future of the plastic caps and closures market?_x000D_
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Key players operating in the plastic caps and closures market are focusing on developing and launching innovative products to meet the sustainability targets set by governing bodies across the globe. For instance, in October 2023, Berry Global, a US-based packing company, introduced a new lightweight tube closure solution called the Slimline range, which is designed to provide modern design and material versatility while reducing greenhouse gas emissions compared to traditional caps. The closures are available in 35mm and 50mm diameters, each in matte and glossy surface finishes, and with 3mm and 5mm orifices._x000D_
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Which geographic trends are shaping the plastic caps and closures market, and which region has the highest market share?_x000D_
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The countries covered in the plastic caps and closures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain._x000D_
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What Does The Plastic Caps And Closures Market Report 2025 Offer?_x000D_
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The plastic caps and closures market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities._x000D_
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Plastic caps and closures are the final elements of the packaging process, consisting of a structure or device designed to cover a container’s opening and prevent the contents from spilling out, thereby reducing leakage of goods packed inside the container and product degradation inside the bottle. These are used in a variety of applications such as beverage packaging, non-food packaging, and cosmetic packaging._x000D_
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