Tag Archives: plastic

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.

Aquabanq Announces New Plant For Salmon Farming On Land In The U.S.

Championing sustainable farming practice, U.S.-based Aquabanq, Inc. is accelerating its plans for the land-based salmon production facility in the U.S. by at least 12 months.

Current plans include the construction of an industrial-scale RAS-based plant capable of producing 10m pounds (5,000 metric tons) of head-on/gutted Atlantic salmon by 2022. Five additional RAS units will be added to double the production capabilities to 20m pounds (10,000 metric tons) of fish per year by 2025.