DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/345mll/global_plastic) has announced the addition of the "Global Plastic Caps and Closures Market - By Regions and Vendors - Market Trends and Forecasts 2014 - 2020" report to their offering.
The global production of plastic caps and closures in 2014 was 1286 billion units and is estimated to reach 1814 billion units by 2020, at a CAGR of 5.89%, while in terms of revenue, the market was worth $29.34 billion in 2014 and is projected to reach $38.5 billion in 2020, at a compound annual growth rate of 4.63%.
Plastic Caps/Closures are manufactured by either Injection Molded process or Compression Molded process. These Plastic Caps/Closures are manufactured using various raw materials (resins) like PET, PP, HDPE, LDPE, and others. Of the total caps and closures market, plastic caps and closures has 70% of the market share. The rest is split between metal, metal-plastic, and rubber/cork.
Beverages industry leads the plastic caps and closures market in 2014 while, at the same time, bottled water is expected to grow in every region thus driving the plastic caps and closures market.
Drivers vs. Constraints:
Factors like innovative/customized products tamper evident child-resistant, and others are the driving factors of plastic caps and closures market. On the other hand, pharmaceutical regulations on PET bottles (in countries like India) are a constraint to the market.
Industry Structure and Updates:
The market is highly consolidated with the top 5 players holding just 15-18% of the global market share. As a result of vast number of suppliers, the industry is witnessing consolidation among players to increase the market penetration (especially big/global companies acquiring small/local companies).
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Plastic Caps and Closures Market Segmentation, Forecasts and Trends - by Volume, by Revenue
6. Global Vendor Market Share Analysis
7. Supplier Intelligence - Profiles
8. Investment Analysis
- All American Containers
- Alpha Packaging
- Berry Plastics
- Closure Systems International
- Crown Holdings
- Global Closure Systems
- MJS Packaging
- Mold Rite Plastics
- Portola Packaging
- Reynold Group Holdings
- Silgan Plastics
For more information visit http://www.researchandmarkets.com/research/345mll/global_plastic