GCC Plastic Caps and Closure Market

GCC Plastic Caps and Closure Market Overview:

The GCC plastic caps and closure market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Plastic caps and closures are packaging solutions used for sealing bottles, tubes, containers, and jars. Disc top, flip-top, nozzle pull, classic bottle over, double-twisting, screw, snap, and push-pull are some commonly used plastic caps and closures. They are manufactured using various thermoplastic and thermosetting polymers, such as polyethylene (PE), polypropylene (PP), styrene, and polyethylene terephthalate (PET). plastic caps and closures are widely used to protect products from contamination, spoilage, and other environmental factors, such as dust, moisture, and pollutants. They are highly durable, versatile, lightweight, recyclable, and resistant to high temperatures. As a result, plastic caps and closures find extensive applications across the food and beverage (F&B), pharmaceuticals, cosmetics, personal care, chemicals, and fertilizer industries.

The rising product utilization in the F&B industry is one of the primary factors driving the market growth in the region. plastic caps and closures are widely used to enhance safety, improve shelf-life, reduce leakage, and minimize contamination of alcoholic and non-alcoholic drinks, carbonated beverages, milk products, juices, sauces, soups, and cooking oils. In addition to this, the increasing adoption of on-the-go (OTG) and ready-to-drink (RTD) beverages, such as tea, coffee, and energy drinks, is acting as another growth-inducing factor. Furthermore, the rising demand for bottled water due to the growing tourism industry, increasing pilgrimage, and escalating expatriate population in the region is providing an impetus to the market growth. Apart from this, the increasing demand for single-use bottled water due to the rapid expansion of hotels, restaurants, resorts, bars, and cafes is propelling the market growth. Additionally, the introduction of bioplastic in product manufacturing owing to its sustainability, lightweight, high performance, and eco-friendliness is positively influencing the market growth. Moreover, the widespread product application in the packaging of cosmetics and personal care items, such as mouthwash, lotions, creams, shampoos, conditions, and oils, is favoring the market growth. Other factors, including rising product adoption in the pharmaceutical industry, the introduction of three-dimensional (3D) printing in product manufacturing, and increasing product utilization in household products, such as bleach, toilet cleaners, and insect repellent, are anticipated to drive the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC plastic caps and closure market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC plastic caps and closure market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC plastic caps and closure market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC plastic caps and closure market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC plastic caps and closure market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC plastic caps and closure market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC plastic caps and closure market industry. Furthermore, the value chain analysis of the GCC plastic caps and closure market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Plastic Caps and Closure Market Segment Insights:

The GCC plastic caps and closure market has been analysed as followed:

By Product Type:

• Screw-On Caps 
• Dispensing Caps
• Others

By Raw Material:

• PET
• PP
• HDPE
• LDPE
• Others

By Container Type:

• Plastic
• Glass
• Others

By Technology:

• Injection Molding
• Compression Molding
• Post-Mold Tamper-Evident Band

By End-Use:

• Beverages
• Industrial Chemicals
• Food
• Cosmetics
• Household Chemicals
• Pharmaceuticals
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Plastic Caps and Closure Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC plastic caps and closure market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.