Plastic Closure Market Size is growing at CAGR of 5.60%, this report covers analysis by Type, segmentation, growth and forecast 2023-2030

The Plastic Closure Market is expected to grow from USD 14.80 Billion in 2022 to USD 21.70 Billion by 2030, at a CAGR of 5.60% during the forecast period.

The global plastic closure market is expected to experience significant growth in the coming years due to increasing demand from end-use industries such as food and beverage and pharmaceuticals. The market has witnessed significant technological advancements in recent years, leading to the development of better, more secure, and user-friendly closures. Innovations such as tamper-evident and child-resistant closures are expected to drive demand for plastic closures further. The market is anticipated to be valued at USD 21.70 billion by 2030, growing at a CAGR of 5.60% from 2023-2030. North America is the largest market for plastic closures, followed by Europe and Asia-Pacific.