Screw Closure Market Size, Share, Opportunities 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

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 major 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.

 

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