Market Forecast By Product Type (Screw-on Caps, Dispensing Caps, Others), By Container Type (Plastic, Glass ), By Raw Material (PP, HDPE, LDPE, Others), By Technology (Post-mold Te Band, Compression Molding, Injection Molding ), By End-use (Beverage, Pharmaceutical, Food, Personal & Homecare) And Competitive Landscape
Product Code: ETC339992 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Bangladesh Plastic Caps and Closures Market |
Forecast period | 202-2031 |
CAGR | 10.8% |
Growing Sector | Food and Beverage |
The Bangladesh Plastic Caps and Closures market report thoroughly covers the market by product type, by container, by raw material, by technology and by end user. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Plastic Caps and Closures Market has experienced remarkable growth recently, fueled by the increasing demand for plastic packaging solutions. Plastic caps and closures provide secure and tamper-evident packaging solutions that enhance product freshness, safety, and convenience. With the expansion of packaged goods consumption and the adoption of lightweight and recyclable packaging materials, the demand for plastic caps and closures is expected to grow, driven by factors such as urbanization, consumer lifestyle changes, and industry regulations. Moreover, technological advancements in plastic molding processes enable the production of innovative closure designs that offer convenience, safety, and tamper-evident features. In addition, the market is characterized by several noteworthy trends shaping its trajectory.
According to 6Wresearch, Bangladesh Plastic Caps and Closures market size is projected to grow at a CAGR of 10.8% during 202-2031. One of the major drivers of this market is the growing demand across industries like food and beverage, pharmaceuticals, cosmetics, and household goods. Consumers increasingly prefer convenient packaging solutions, fueling the production and use of these products. Technological progress in manufacturing has made plastic caps and closures more affordable, further spurring market growth. Additionally, government efforts to promote eco-friendly and recyclable plastics have contributed positively. With diverse applications and supportive regulations, the market is poised for continued growth in the future. However, there are also challenges faced by this market, such as the absence of efficient recycling and waste management systems for plastic products. This leads to environmental pollution and hampers the adoption of sustainable practices. Moreover, inadequate infrastructure and technological advancements in the country create hurdles in production and distribution. Additionally, the high cost of raw materials and fluctuating prices further affect the profitability of businesses in this market.
The Bangladesh Plastic Caps and Closures industry has seen significant growth due to increasing demand for packaged goods. The government has supported this growth by reducing export tariffs on raw materials for manufacturing plastic caps and closures. They've also introduced schemes to encourage the use of eco-friendly materials and offer technical and financial aid to small-scale manufacturers. Moreover, strict regulations on plastic waste management and promotion of sustainable practices by manufacturers have been implemented. These initiatives not only drive industry growth but also foster environmental awareness in Bangladesh.
Some key players in the Bangladesh Plastic Caps and Closures market include Crown Holdings Inc., Berry Global Inc., Bericap GmbH & Co KG, Alupco Ltd., Moldrite Plastics, Guala Closures Group, Closure Systems International, O. Berk Company LLC, Rieke Corporation, and United Caps Luxembourg SA.
The plastic caps and closures industry in Bangladesh is poised for significant growth in the upcoming years. With the country's burgeoning economy and rising demand for packaged goods, the market is projected to expand rapidly. Factors contributing to this growth include increasing disposable income, evolving consumer preferences favouring convenient and safe packaging, and the widespread use of plastic caps and closures across various sectors like food and beverage, pharmaceuticals, and personal care. With these favourable conditions, Bangladesh is anticipated to emerge as a key player in the global plastic caps and closures market in the near future.
According to Ravi Bhandari, Head of Research, 6Wresearch, within the diverse landscape of the Bangladesh plastic caps and closures market, screw-On Caps are ubiquitous, favored for their simplicity and reliability, and are widely used in both the beverage and pharmaceutical sectors. the Screw-On Caps segment dominated this industry. The segment which will grow in the coming years is the Dispensing Caps segment due to their increasing demand from industries such as personal care, pharmaceuticals, and food and beverage.
The plastic caps and closures market in Bangladesh is primarily dominated by the Injection Molding segment, owing to its high efficiency and cost-effectiveness. However, with advancements in technology and increasing demand for eco-friendly solutions, the Post-Mold Te Band and Compression Molding segments are expected to gain significant traction in the coming years. This can be attributed to their ability to produce lightweight and sustainable closures, which are increasingly preferred by consumers and manufacturers alike.
The Bangladesh Plastic Caps and Closures market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Plastic Caps And Closures Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Plastic Caps And Closures Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Plastic Caps And Closures Market - Industry Life Cycle |
3.4 Bangladesh Plastic Caps And Closures Market - Porter's Five Forces |
3.5 Bangladesh Plastic Caps And Closures Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Bangladesh Plastic Caps And Closures Market Revenues & Volume Share, By Container Type, 2021 & 2031F |
3.7 Bangladesh Plastic Caps And Closures Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.8 Bangladesh Plastic Caps And Closures Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.9 Bangladesh Plastic Caps And Closures Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Bangladesh Plastic Caps And Closures Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Plastic Caps And Closures Market Trends |
6 Bangladesh Plastic Caps And Closures Market, By Types |
6.1 Bangladesh Plastic Caps And Closures Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Screw-on Caps, 2021-2031F |
6.1.4 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Dispensing Caps, 2021-2031F |
6.1.5 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Others, 2021-2031F |
6.2 Bangladesh Plastic Caps And Closures Market, By Container Type |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Plastic, 2021-2031F |
6.2.3 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Glass , 2021-2031F |
6.3 Bangladesh Plastic Caps And Closures Market, By Raw Material |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By PP, 2021-2031F |
6.3.3 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By HDPE, 2021-2031F |
6.3.4 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By LDPE, 2021-2031F |
6.3.5 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Others, 2021-2031F |
6.4 Bangladesh Plastic Caps And Closures Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Post-mold Te Band, 2021-2031F |
6.4.3 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Compression Molding, 2021-2031F |
6.4.4 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Injection Molding , 2021-2031F |
6.5 Bangladesh Plastic Caps And Closures Market, By End-use |
6.5.1 Overview and Analysis |
6.5.2 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Beverage, 2021-2031F |
6.5.3 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.5.4 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Food, 2021-2031F |
6.5.5 Bangladesh Plastic Caps And Closures Market Revenues & Volume, By Personal & Homecare, 2021-2031F |
7 Bangladesh Plastic Caps And Closures Market Import-Export Trade Statistics |
7.1 Bangladesh Plastic Caps And Closures Market Export to Major Countries |
7.2 Bangladesh Plastic Caps And Closures Market Imports from Major Countries |
8 Bangladesh Plastic Caps And Closures Market Key Performance Indicators |
9 Bangladesh Plastic Caps And Closures Market - Opportunity Assessment |
9.1 Bangladesh Plastic Caps And Closures Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Bangladesh Plastic Caps And Closures Market Opportunity Assessment, By Container Type, 2021 & 2031F |
9.3 Bangladesh Plastic Caps And Closures Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.4 Bangladesh Plastic Caps And Closures Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.5 Bangladesh Plastic Caps And Closures Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Bangladesh Plastic Caps And Closures Market - Competitive Landscape |
10.1 Bangladesh Plastic Caps And Closures Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Plastic Caps And Closures Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |