Plastic Caps and Closures Market to Reach $ 33 Billion by 2024 | TechSci Research
Declining usage of bottles and containers made of glass backed by high cost and brittle nature of glass to drive global plastic caps and closures market through 2024 According to TechSci Research report, “ Global Plastic Caps and Closures Market By Product Type, By Material, By Technology, By End Use Industry, By Region, Competition Forecast & Opportunities, 2024 ”, the global plastic caps and closures market is forecast to surpass $ 33 billion by 2024 on account of growing demand for convenience packaging and rising concerns pertaining to the quality and safety of products. Furthermore, plastic caps and closures find applications in various end user industries such as beverages, household and personal care, pharmaceuticals, among others which is further positively influencing the growth of the market. However, increasing concern pertaining to the biodegradability and carcinogenicity of plastic can act as a challenge for the growth of the market. Stringent regulations by...