United Kingdom Plastic Caps And Closures Market Size (2024 - 2029)

United Kingdom Plastic Caps and Closures Market Analysis

The United Kingdom Plastic Caps And Closures Market size is estimated at USD 1.57 billion in 2024, and is expected to reach USD 2.16 billion by 2029, growing at a CAGR of 5.07% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 12.81 billion units in 2024 to 15.67 billion units by 2029, at a CAGR of 4.11% during the forecast period (2024-2029).

In the United Kingdom, plastic caps and closures are pivotal in packaging, preserving product integrity, and extending shelf life. Their demand surges across diverse sectors, notably food, beverages, personal care, and household chemicals.

• Plastic caps and closures are witnessing growth in the food and beverage industry. With a heightened appetite for bottled water, carbonated beverages, juices, and dairy products, the sector's demand is on a steady rise. Moreover, the emphasis on secure, tamper-proof, and user-friendly packaging is a driving force.
• Moreover, plastic caps are propelled by the rising adoption of advanced closure solutions in personal care and cosmetics. Noteworthy trends in the beverage sector include a shift towards larger pack sizes in segments like beer and carbonates, influencing the choice and dimensions of closures. Conversely, smaller pack sizes are gaining traction in still, packaged water and sports drinks, catering to the rising demand for on-the-go consumption.
• The caps and closure market is expected to grow with the rising number of supermarkets nationwide. For instance, in July 2024, Aldi, the UK's fourth-largest supermarket, has unveiled expansion plans, with intentions to launch an additional 10 stores shortly. These new stores will be spread nationwide, with imminent openings in Waltham Cross, Hertfordshire, and Olney Park, Milton Keynes.
• According to the British Plastics Federation, the United Kingdom annually produces an estimated 1.6 million tonnes of plastic raw materials. Noteworthy players in the UK polymer manufacturing sector, such as Ineos, Basell Polyolefins, Sabic, Inovyn, and Lotte Chemicals, are supported by specialist manufacturers producing materials, masterbatches, and additives. This collaborative effort is instrumental in pushing the boundaries of plastic applications.
• However, the country also faces challenges due to plastic waste. According to a study by Greenpeace, the United Kingdom's supermarkets contribute 800,000 tonnes annually, poised to climb as production escalates. On a per capita basis, the UK generates more plastic waste than nearly any other nation, with a significant portion exported, often to nations needing to be equipped for its management.

United Kingdom Plastic Caps and Closures Industry Segmentation

The scope of the study characterizes the plastic caps and closures market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as Food, Pharmaceuticals, Beverage, Cosmetics and Toiletries and more across the country. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.

United Kingdom Plastic Caps and Closures Market is Segmented by Resin (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), and Other Plastic Materials), by Product Type(Threaded, Dispensing, Unthreaded, Child-Resistant), by End-user Industry (Food, Beverage (Bottled Water, Carbonated Soft Drinks, Alcoholic Beverages, Juices & Energy Drinks, and Others), Personal Care and Cosmetics, Household Chemicals, and Other End-user Industries). The report offers market forecasts and size in volume (Units) and value (USD) for all the above segments.