According to the latest report by IMARC Group, titled “India Plastic Caps and Closure Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the India plastic caps and closure market is expected to exhibit a CAGR of 6.2% during 2022-2027.
Market Outlook:
Plastic caps and closures are protective devices that are used to close containers and safeguard the contents inside. They protect the products from contamination, spoilage, and other environmental factors. Plastic caps and closures are mainly made using high-density polypropylene (PP) and polyethylene (HDPE). They are lightweight, resistant to high temperatures, durable, and economical, and are available in screw-on caps, dispensing, and child-resistant, double-walled, and twist-on closure variants. Convenient handling during transportation and enhancing the functionality and aesthetics of the products are some of the advantages offered by plastic caps and closures. As a result, they are largely used across the food and beverage (F&B), cosmetics, household goods, and pharmaceutical industries.
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Market Trends:
The rapid expansion of the pharmaceutical sector in India represents one of the primary factors bolstering the market growth. The surging demand for plastic caps and closure across various industries due to the several advantages associated with their use is further accelerating the market growth. Apart from this, the changing dietary patterns of consumers and rapid urbanization are providing a significant boost to the uptake of packaged food items, which, in turn, is driving the market growth. Additionally, key manufacturers are offering customized plastic caps and closures in different sizes and shapes to increase their consumer base, which is positively supporting the market in the country.
Competitive Analysis and Segmentation:
The competitive landscape of the India plastic caps and closure market has been studied in the report with the detailed profiles of the key players operating in the market.
India Plastic Caps and Closure Market 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 Region:
- North India
- West and Central India
- South India
- East India
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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