28 days ago
FMIBlog
Due to the continuous demand for plastic caps and closures for bottles, jars, tubes, and containers, the global plastic caps and closures market is predicted to increase at a rate of 5% between 2022 and 2029. By the end of 2029, the global market for plastic caps and closures is anticipated to grow by 1.4 times its current market value. According to market value, screw closures are predicted to make up about 3/4 of the plastic caps & closures market in 2022. Thermoplastics such as polyethylene (PE), polypropylene (PP), and others dominate the global plastics caps & closures market in terms of material. The key players in the plastic caps & closures market are adopting market strategies like product portfolio expansions and mergers and acquisitions to maximize their business reach and enhance their market position.
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