Category

Screw Closure Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material (Polyethylene, Polypropylene, Thermosets, Metals, Others), By Technology (Compression Molding, Injection Molding), By End-User (Food & Beverage, Pharmaceuticals, Cosmetics, Household, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061612611 | Pages:  131

Global screw closure market is expected to grow at a compound annual growth rate of 4.31% to reach a market worth of US$41.733 billion by 2024 from US$32.398 billion in 2018. Screw closures are essential part of packaging as these help in improving the shelf life of the product and protect from external contamination. The increasing demand for bottled water across the globe is expected to drive the market for screw closures. Further the growing beverage industry is anticipated to create growth opportunities for the screw closure manufacturers. The mbeverajor end users for the screw closure market are food & beverage, cosmetics, pharmaceuticals and household among others. Plastic is expected to be the dominant raw material for production of these solutions. Developing economies like India and China are expected to witness high growth rate, while North America region is anticipated to hold a significant market share during the forecast period.
 
DRIVERS
Growing demand for bottled water.
Increasing beverage industry.
 
RESTRAINTS
Government rules and regulations regarding use of plastic.
 
The major players profiled in the screw closure market include Berry Global Inc, Crown Holdings Inc, O. Berk Company LLC, RPC Bramlage Division, Comar LLC, CL Smith Company, Silgan Plastics LLC, Weener Plastics Group B.V, Berlin Packaging LLC, Mold-Rite Plastics LLC, Blackhawk Molding Co. Inc, AptarGroup Inc, and Maynard & Harris Plastics.

Screw Closure Market Scope:

Report Metric Details
 Market size value in 2018  US$32.398 billion
 Market size value in 2024  US$41.733 billion
 Growth Rate  CAGR of 4.31% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Material, Technology, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Berry Global Inc., O. Berk Company LLC, RPC Bramlage Division, Comar LLC, CL   Smith  Company, Silgan Plastics LLC, Weener Plastics Group B.V, Berlin Packaging   LLC, Mold-Rite Plastics LLC, Blackhawk Molding Co. Inc.
 Customization scope  Free report customization with purchase
Segmentation
The screw closure market has been analyzed through the following segments:
 
By Material
Polyethylene
Polypropylene
Thermosets
Metals
Others
 
By Technology
Compression Molding
Injection Molding
 
By End-User
Food & Beverage
Pharmaceuticals
Cosmetics
Household
Others
 
By Geography
North America
USA
Canada
Mexico
 
South America
Brazil
Argentina
Others
 
Europe
Germany
France
United Kingdom
Spain
Others
 
Middle East and Africa
Saudi Arabia
Israel
Others
 
Asia Pacific
China
Japan
South Korea
India
Others
 

Frequently Asked Questions (FAQs)

Q1. What will be the screw closure market size by 2024?
A1. The global screw closure market is expected to reach a total market size of US$41.733 billion by 2024.
 
Q2. What are the growth prospects for screw closure market?
A2. The screw closure market is expected to grow at a CAGR of 4.31% during the forecast period.
 
Q3. What is the size of global screw closure market?
A3. Screw Closure market was valued at US$32.398 billion in 2018.
 
Q4. What factors are anticipated to drive the screw closure market growth?
A4. The increasing demand for bottled water across the globe is expected to drive the market for screw closures.
 
Q5. Which region holds the largest market share in the screw closure market?
A5. North American region is anticipated to hold a significant share in the screw closure market during the forecast period.

Explore custom options available with this study:

  • Request customization

  • Buy sections of the study

  • Buy country specific report

  • Request excel, Historical data

  • Subscription inquiry

  • Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.

Confidentiality

We are in compliance with the global privacy laws.

OUR CLIENTS