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The global PP closure market reached approximately USD 14.55 billion in 2023. The market is projected to grow at a CAGR of 4.5% between 2024 and 2032, reaching a value of around USD 21.62 billion by 2032.
Global PP Closure Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 14.55 |
Market Size 2032 | USD Billion | 21.62 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.5% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 5.8% |
CAGR 2024-2032 - Market by Country | India | 6.7% |
CAGR 2024-2032 - Market by Country | China | 5.6% |
CAGR 2024-2032 - Market by Product Type | Flip Top Caps | 5.0% |
CAGR 2024-2032 - Market by Application | Pharmaceuticals | 5.1% |
Market Share by Country 2023 | USA | XX% |
The global PP closure market value is increasing due to the rising demand for convenient and cost-effective packaging solutions across a wide range of industries, including pharmaceuticals, food and beverage, and cosmetics. Polypropylene provides a high resistance to chemical moisture, which ensures product integrity and enhances product shelf life.
The global expansion of the food and beverage sector is driving the demand for safe and leakproof packaging solutions. Since polypropylene can be recycled, it is a sustainable alternative to other plastic packaging materials and is becoming common in many packaging products. Technological advancements in closure design are expected to fuel the market growth over the forecast period.
CAGR 2024-2032 - Market by | Product Type |
Flip Top Caps | 5.0% |
Screw Caps | 4.8% |
Dispensing Caps | 4.3% |
Others | 4.1% |
CAGR 2024-2032 - Market by | Application |
Pharmaceuticals | 5.1% |
Beverages | 4.8% |
Food | 4.6% |
Personal Care | 4.3% |
Industrial | 4.1% |
Others | 3.6% |
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 5.8% |
Middle East and Africa | 4.9% |
Latin America | 4.3% |
North America | 3.7% |
Europe | 3.4% |
USA: Projected to grow at a CAGR of 3.7%, driven by the rapid growth of the food production industry.
Canada: Expected to grow at a CAGR of 4.2%, due to an increase in plastic recycling and rising demand for cost-effective packaging solutions.
UK: Anticipated to grow at a CAGR of 4.1%, driven by the growth of the manufacturing sector.
Germany: Expected to grow at a CAGR of 3.3%, supported by rising industrial growth and the rising demand for aesthetic packaging solutions.
France: Projected to grow at a CAGR of 3.1%, supported by the growth of the personal care industry.
Italy: Expected to grow at a CAGR of 2.8%, driven by the rapid growth of the food and beverage sector.
India: Expected to lead the highest regional CAGR of 6.7%, reflecting rapid industrial growth and growth of the pharmaceutical industry.
China: Estimated to grow at a CAGR of 5.6%, driven by significant industrialisation and the rising demand for low-cost packaging solutions.
Japan: Projected to grow at a CAGR of 3.5%, supported by increasing government emphasis on increasing the use of recycled plastic content in packaging materials.
Australia: Expected to grow at a CAGR of 4.0%, driven by expanding urbanisation and rising demand for PP closures in numerous applications.
The PP closure industry in Brazil is projected to grow at a CAGR of 4.9%, supported by expanding industrial activities and the shift towards recyclable packaging.
Mexico: Expected to grow at a CAGR of 4.2%, due to the ongoing efforts to boost industrial production.
Saudi Arabia: Projected to grow at a CAGR of 5.1%, reflecting significant investments in plastic recycling infrastructure and the growth of its chemical industry.
CAGR 2024-2032 - Market by | Country |
India | 6.7% |
China | 5.6% |
Saudi Arabia | 5.1% |
Brazil | 4.9% |
Canada | 4.2% |
Mexico | 4.2% |
UK | 4.1% |
Australia | 4.0% |
USA | 3.7% |
Japan | 3.5% |
Germany | 3.3% |
France | 3.1% |
Italy | 2.8% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Global PP Closure market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the global PP Closure industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the global PP Closure market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the global PP Closure market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global PP Closure Market Analysis
8.1 Key Industry Highlights
8.2 Global PP Closure Historical Market (2018-2023)
8.3 Global PP Closure Market Forecast (2024-2032)
8.4 Global PP Closure Market by Product Type
8.4.1 Screw Caps
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Dispensing Caps
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Flip Top Caps
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global PP Closure Market by Application
8.5.1 Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Personal Care
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Industrial
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global PP Closure Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America PP Closure Market Analysis
9.1 Market by Product Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Market by Product Type
9.3.1.2 Market by Application
9.3.1.3 Historical Trend (2018-2023)
9.3.1.4 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Market by Product Type
9.3.2.2 Market by Application
9.3.2.3 Historical Trend (2018-2023)
9.3.2.4 Forecast Trend (2024-2032)
10 Europe PP Closure Market Analysis
10.1 Market by Product Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Market by Product Type
10.3.1.2 Market by Application
10.3.1.3 Historical Trend (2018-2023)
10.3.1.4 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Market by Product Type
10.3.2.2 Market by Application
10.3.2.3 Historical Trend (2018-2023)
10.3.2.4 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Market by Product Type
10.3.3.2 Market by Application
10.3.3.3 Historical Trend (2018-2023)
10.3.3.4 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Market by Product Type
10.3.4.2 Market by Application
10.3.4.3 Historical Trend (2018-2023)
10.3.4.4 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific PP Closure Market Analysis
11.1 Market by Product Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Market by Product Type
11.3.1.2 Market by Application
11.3.1.3 Historical Trend (2018-2023)
11.3.1.4 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Market by Product Type
11.3.2.2 Market by Application
11.3.2.3 Historical Trend (2018-2023)
11.3.2.4 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Market by Product Type
11.3.3.2 Market by Application
11.3.3.3 Historical Trend (2018-2023)
11.3.3.4 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Market by Product Type
11.3.4.2 Market by Application
11.3.4.3 Historical Trend (2018-2023)
11.3.4.4 Forecast Trend (2024-2032)
11.3.5 Australia
11.3.5.1 Market by Product Type
11.3.5.2 Market by Application
11.3.5.3 Historical Trend (2018-2023)
11.3.5.4 Forecast Trend (2024-2032)
11.3.6 Others
12 Latin America PP Closure Market Analysis
12.1 Market by Product Type
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Market by Product Type
12.3.1.2 Market by Application
12.3.1.3 Historical Trend (2018-2023)
12.3.1.4 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Market by Product Type
12.3.2.2 Market by Application
12.3.2.3 Historical Trend (2018-2023)
12.3.2.4 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Market by Product Type
12.3.3.2 Market by Application
12.3.3.3 Historical Trend (2018-2023)
12.3.3.4 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa PP Closure Market Analysis
13.1 Market by Product Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Market by Product Type
13.3.1.2 Market by Application
13.3.1.3 Historical Trend (2018-2023)
13.3.1.4 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Market by Product Type
13.3.2.2 Market by Application
13.3.2.3 Historical Trend (2018-2023)
13.3.2.4 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Market by Product Type
13.3.3.2 Market by Application
13.3.3.3 Historical Trend (2018-2023)
13.3.3.4 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Market by Product Type
13.3.4.2 Market by Application
13.3.4.3 Historical Trend (2018-2023)
13.3.4.4 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Amcor Plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Berry Global Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AptarGroup, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Closure Systems International Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Silgan Holdings Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Weener Plastics Group B.V.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
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