According to the latest report by IMARC Group, titled “Latin America Plastic Caps and Closure Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Latin America plastic caps and closure market is expected to exhibit a CAGR of 4.2% during 2022-2027.

Market Outlook:

Plastic caps and closures are packaging components used for protecting the contents from dust, spills, contamination and evaporation. Some commonly used product variants include screw-on and dispensing caps, double-wall, twist-on and child-resistant closures. They are manufactured using glass and plastic-based materials and are available in a wide variety of shapes, sizes and designs and can be customized as per the requirements of the users. As a result, they find extensive applications across various industries, such as food and beverage, chemical, cosmetic and pharmaceutical.

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The Latin America plastic caps and closure market is primarily being driven by significant growth in the food and beverage industry. Plastic caps and closures are widely used for sealing ready-to-drink (RTD) beverages and enhancing the shelf life of packaged food products. Moreover, the increasing demand for bottled drinking water is favoring the market growth. Plastic caps and closures aid in preventing contamination and exposure to harmful pollutants. Other factors, including the manufacturing of air-tight, tamperproof, flexible and customized plastic caps and closures, along with the increasing utilization of eco-friendly product variants, are creating a positive outlook for the market across the region.

Latin America Plastic Caps and Closure Market 2022-2027 Competitive Analysis and Segmentation:

Key Market Segmentation:

The report has segmented the Latin America plastic caps and closure market on the basis of product type, raw material, container type, technology, end use and country.

Breakup by Product Type:

Screw-On Caps
Dispensing Caps
Others

Breakup by Raw Material:

PET
PP
HDPE
LDPE
Others

Breakup by Container Type:

Plastic
Glass
Others

Breakup by Technology:

Injection Molding
Compression Molding
Post-Mold Tamper-Evident Band

Breakup by End Use:

Beverages
Industrial Chemicals
Food
Cosmetics
Household Chemicals
Pharmaceuticals
Others

Breakup by Country:

Brazil
Mexico
Argentina
Columbia
Chile
Peru
Others

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

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