At 5.4% CAGR, Plastic Caps Market Statistics and Research Analysis Released in Latest Industry Report 2032
The Global Plastic Caps Market is expected to grow at a CAGR of roughly 5.4% over the next ten years, and will reach USD 68.06 bn in 2028, from USD 40.11 bn in 2018, according to a new Market.us (Prudour Research) study. Rising demand for packaged food and beverages is expected to be the key driver of the market growth. In addition, growing awareness about the benefits of using plastic caps, such as easy transportation and recyclability, is also expected to fuel the market growth over the forecast period. However, volatile raw material prices are anticipated to restraint market growth…
- Date: October 27, 2022
- Author: Thomas Bretz
- Category: FinancialContent