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Plastic Caps and Closures Market – ****** Opportunity, Growth Analysis and Outlook upto 2023

The plastic caps and closures market size is projected to grow from USD 40.52 Billion in 2018 to USD 51.67 Billion by 2023, at a CAGR of 4.99%.

This market is witnessing considerable growth due to increasing demand for convenience packaging and growing concerns about product safety and security. Growing demand for bottled water and from end-use industries such as beverages, pharmaceuticals, food, and home & personal care is the key factor driving the growth of the plastic caps and closures market.

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Screw-on caps segment is projected to grow at the highest rate during the forecast period.