Latin America Plastic Caps and Closures Market Share

Market Share of Latin America Plastic Caps and Closures Industry

The Latin America plastic caps and closures market is moderately competitive in nature. The major players with a significant share in the market are expanding their customer base across various regions. In addition, many companies are forming strategic and collaborative initiatives with multiple companies to increase their market share and profitability. Some of the recent developments in the market are:

November 2020 - New 3Corações Cappuccino Package has been launched Using Aptar's BAP Technology. The new package, featuring a welded-on closure and pull ring, offers convenience and functionality for food packaging. Further, Aptar has bought to Brazil a highly advanced technology that offers convenience and functionality for food packaging: Bonded Aluminum to Plastic, or BAP. This new technology in Brazil will be featured on the new national favorite Cappuccino 3Corações. For the development of this new package, Aptar and 3Corações surveyed cappuccino consumers. They identified three main focus areas regarding the consumption experience: a tight seal between the closure and bottle, ease of opening and closing, and a wide opening for easy access to the content.

Latin America Plastic Caps and Closures Market Leaders

1. Silgan Holdings Inc.

2. Albéa Reynosa

3. Guala Closures Mexico SA DE CV

4. Bericap

5. AptarGroup Inc.

*Disclaimer: Major Players sorted in no particular order