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Plastic Caps and Closures Market Size

Report ID: GMI12695
Published Date: Dec 2024
Report Format: PDF

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Plastic Caps & Closures Market Size

The global plastic caps & closures market was valued at USD 54.7 billion in 2024 and is estimated to grow at a CAGR of 5.7% from 2025 to 2034.

Plastic Caps and Closures Market

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Innovations in material properties are a significant growth driver for the market. Advances in polymer technologies have led to the development of materials that offer improved durability, better performance, and enhanced recyclability. These innovations provide enhanced protection for contents, increased sustainability, and better compatibility with automated packaging systems, thus driving demand for more efficient and environmentally friendly packaging solutions.

Plastic Caps & Closures Market Report Attributes
Report Attribute	Details
Base Year:	2024
Plastic Caps & Closures Market Size in 2024:	USD 54.7 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	5.7%
2025 – 2034 Value Projection:	USD 95.6 Billion
Historical Data for:	2021 – 2024
No. of Pages:	250
Tables, Charts & Figures:	630
Segments covered:	Material, Product Type, Technology, End Use Industry
Growth Drivers:	Increasing demand for sustainable packaging solutions Advancements in material science and technology Expansion of the global beverage industry Rising consumer preference for customizable designs Growth of e-commerce and online shopping
Pitfalls & Challenges:	Stringent regulatory pressures on plastic use Fluctuating raw material costs and availability

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For instance, in June 2024, Alpek Polyester unveiled its CaPETall PET Resin, a groundbreaking solution for 100% recyclable PET bottle caps. This patented technology enhances sustainability by offering a fully recyclable PET polymer package, improving flowability, and maintaining PET's desirable optical properties. The resin meets environmental stress crack resistance (ESCR) testing and complies with PET Resin Identification Code 1, supporting the circular economy and simplifying bottle recycling.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for plastic caps and closures was valued at USD 54.7 billion in 2024 and is projected to reach USD 95.6 billion by 2034, driven by a CAGR of 5.7% during the forecast period.

The polyethylene (PE) segment is expected to surpass USD 30 billion by 2034, driven by its versatility, durability, and wide application in industries such as food, beverages, and pharmaceuticals.

North America held over 25% of the global market share in 2024, driven by increasing demand for packaged beverages, food products, and pharmaceuticals, along with innovations in sustainable closure technologies.

Key players in the market include AdvanTech Plastics, Ajanta Bottle, Berlin Packaging, Berry Global, Caps & Closures, Chemco Group, Dow, E2Global, and Easy Enterprises.