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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.
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.
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.
How much is the North America plastic caps and closures market worth?
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.
What is the market share of polyethylene (PE) in the plastic caps and closures industry?
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.
How big is the plastic caps and closures market?
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.
Who are the major players in the plastic caps and closures industry?
Key players in the market include AdvanTech Plastics, Ajanta Bottle, Berlin Packaging, Berry Global, Caps & Closures, Chemco Group, Dow, E2Global, and Easy Enterprises.