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Russia Plastic Caps and Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Russia's Plastic Caps and Closures Market Report is Segmented by Resin (polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP) and Other Plastic Materials (polystyrene, PVC, Polycarbonate, Etc. )), Product Type (threaded, Dispensing, Unthreaded, and Child-Resistant), End-Use Industries (food, Beverage (bottled Water, Carbonated Soft Drinks, Alcoholic Beverages, Juices and Energy Drinks and Other Beverages), Personal Care & Cosmetics, Household Chemicals, and Other End-Use Industries). The Market Sizing and Forecasts are Provided in Terms of Volume (units) and Revenue (USD) for all the Above Segments.

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Russia Plastic Caps and Closures Market Size

Russia Plastic Caps And Closures Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.14 Billion
Market Size (2029) USD 2.45 Billion
CAGR (2024 - 2029) 2.74 %
Market Concentration High

Major Players

Russia Plastic Caps And Closures Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Russia Plastic Caps and Closures Market Analysis

The Russia Plastic Caps And Closures Market size is estimated at USD 2.14 billion in 2024, and is expected to reach USD 2.45 billion by 2029, growing at a CAGR of 2.74% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 20.71 billion units in 2024 to 23.07 billion units by 2029, at a CAGR of 2.18% during the forecast period (2024-2029).

  • The market for innovative caps and closures in Russia is on the rise, driven by a growing preference for lightweight and convenient packaging in sectors like food, beverages, personal care, and cosmetics.
  • Despite challenges stemming from the Russia-Ukraine war, Russia's food and beverage industry is witnessing a resurgence. While commodity prices have surged, leading some brands to exit, the sector is buoyed by a surging appetite for ready-to-eat meals, especially those emphasizing convenience, thus bolstering the demand for plastic caps and closures.
  • Moreover, the surge in demand for non-alcoholic beverages in Russia, particularly for options like ready-to-drink coffee, sugar-free juices, and calorie-free energy drinks and bottled water, reflects a broader trend: consumers are pivoting away from sugary drinks, favoring healthier, zero-sugar alternatives.
  • Key players such as Continental Plast LLC, Polymir LLC, and Artpack Plastic are focusing on product innovation and customization, catering to a range of end-use industries, including food, beverages, dairy, household chemicals, and personal care.
  • Starting from February 2022, the conflict between Russia and Ukraine has reverberated globally, causing unprecedented disruptions in agricultural markets. Given Ukraine's pivotal role in this conflict, Russia's strategic targeting of Ukraine's agricultural infrastructure poses a direct challenge, potentially hampering market growth.

Russia Plastic Caps and Closures Market Trends

Polyethylene (PE) Segment is Estimated to Have the Largest Market Share

  • In Russia, the caps and closures industry predominantly utilizes PE as its primary raw material. Plastic caps and closures are favored for their cost-effective sealing solutions. The use of heat induction cap liners, compatible with a range of plastics like PP, HDPE, and LDPE, not only prevents leakage but also enhances tamper-evident features. This, in turn, is projected to drive market growth in the coming years.
  • Polyethylene (PE) stands out as a highly durable plastic variant, prized for its chemical resistance and cost efficiency. Originating from petroleum polymers, PE has remarkable resilience against environmental challenges. This plastic is commonly segmented into two main categories: high-density polyethylene (HDPE) and low-density polyethylene (LDPE). HDPE, known for its rigidity, finds favor as a packaging material, especially for items demanding impact resistance. Consequently, driven by its robustness and economic appeal, numerous sectors in Russia are pivoting toward HDPE over LDPE.
  • Pre-COVID, Russia's beverage sector rose rapidly within the nation's food and beverages landscape. Notably, the growing demand for non-alcoholic beverages in Russia surged. Consequently, the caps and closures market is poised for a notable uptick in demand. With a growing health consciousness among consumers, the thirst for healthier beverages is on the rise. This trend has notably bolstered the accessibility of bottled water, propelling growth in Russia's plastic caps and closures market.
  • The rising imports of goods from the European Union in Russia propel the market demand for caps and closures. According to data by Eurostat, the top five imported countries in Russia were Germany, Italy, Poland, Netherlands, and Belgium in 2023, which is likely to drive market growth in the coming years.
Russia Plastic Caps And Closures Market: European Union Exports of Goods to Russia, In USD Billion, 2023

Personal Care and Cosmetics Segment Expected to Dominate the Market

  • Russia is experiencing a rising demand for beauty and personal care products, especially among its younger demographic, who are increasingly drawn to premium cosmetics and skincare. A heightened focus on beauty and the expanding availability of skincare, haircare, and beauty products underpins this trend. Notable favorites among consumers are lipsticks, perfumes, lotions, and nail polishes, often featuring plastic caps and closures.
  • The influx of imported cosmetic and makeup products is a key driver of the industry's growth in Russia. Moreover, the surging popularity of customized caps and closures for cosmetics is further amplifying product demand. These components reflect a brand's aesthetic and serve as pivotal touchpoints for consumers, particularly in the realms of fragrances, beauty, and personal care.
  • While renowned global players like Estee Lauder, L'Oreal, and Sephora have established a foothold in Russia, the recent conflict has led to operational constraints, with store closures and disrupted online sales. Despite these challenges, personal care and cosmetic product sales are anticipated to rebound in the coming years, bolstered by Russia's post-war economic recovery.
  • The trade in Russia felt the reverberations of the Russia-Ukraine conflict, with Russia imposing bans on the import of specific goods. The International Monetary Fund (IMF) projects that imports of items, such as cosmetics and personal care products, are set to rise in Russia during the forecast period.
Russia Plastic Caps And Closures Market: Imports in Russia, In Percentage, 2021 - 2023

Russia Plastic Caps and Closures Industry Overview

The Russia plastic caps and closures market is consolidated, with players such as Berry Global Inc., Erecton LLC, and Polymir LLC, among others. To solidify their footprint in the market, the players focus on new product development, partnerships, mergers and acquisitions, and collaborations in Russia. A strategic focus on customized caps and closures in the market is a competitive advantage for a few manufacturers in Russia.

  • July 2024: Berry Global Inc., a United States-based company with operations in Russia, collaborated with Grillo's Pickles, a food brand, to develop spill-proof and user-friendly jars and closures. Berry Global engineered a customized, recyclable Polypropylene (PP) threaded closure specifically tailored to Grillo's Pickles, ensuring leak prevention during usage.

Russia Plastic Caps and Closures Market Leaders

  1. Berry Global Inc.

  2. Erecton LLC

  3. Polymir LLC

  4. Continental Plast LLC

  5. PZPI LLC

*Disclaimer: Major Players sorted in no particular order

Russia Plastic Caps And Closures Market Concentration
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Russia Plastic Caps and Closures Market News

  • April 2024: Berry Global Inc., a United States brand with operations in Russia, unveiled its Premium Dispensing VersaCap closure. This closure, designed for packaging vitamins, nutraceuticals, and health supplements, prioritizes both product integrity and user convenience. Notably, the closure is crafted with 25% post-consumer recycled (PCR) material and comes in a range of sizes.
  • March 2024: PZPI LLC, a Russian company, participated in the ChemiCos exhibition from 27 to 29 March 2024, held at Expocentre Fairgrounds Moscow. The company showcased its range of packaging solutions tailored for chemical and industrial applications.

Russia Plastic Caps and Closures Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 The Growing Food and Beverage Industry in Russia

      2. 5.1.2 Increasing Focus on Product Development and Customization

    2. 5.2 Market Challenge

      1. 5.2.1 Geopolitical Situation to Challenge the Market Growth

  6. 6. INDUSTRY REGULATION, POLICY AND STANDARDS

  7. 7. MARKET SEGMENTATION

    1. 7.1 By Resin

      1. 7.1.1 Polyethylene (PE)

      2. 7.1.2 Polyethylene Terephthalate (PET)

      3. 7.1.3 Polypropylene (PP)

      4. 7.1.4 Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.)

    2. 7.2 By Product Type

      1. 7.2.1 Threaded

      2. 7.2.2 Dispensing

      3. 7.2.3 Unthreaded

      4. 7.2.4 Child-resistant

    3. 7.3 By End-Use Industries

      1. 7.3.1 Food

      2. 7.3.2 Beverage

        1. 7.3.2.1 Bottled Water

        2. 7.3.2.2 Carbonated Soft Drinks

        3. 7.3.2.3 Alcoholic Beverages

        4. 7.3.2.4 Juices & Energy Drinks

        5. 7.3.2.5 Other Beverages

      3. 7.3.3 Personal Care & Cosmetics

      4. 7.3.4 Household Chemicals

      5. 7.3.5 Other End-Use Industries

  8. 8. COMPETITIVE LANDSCAPE

    1. 8.1 Company Profiles

      1. 8.1.1 Berry Global Inc.

      2. 8.1.2 Safe Cap

      3. 8.1.3 Erecton LLC

      4. 8.1.4 PZPI LLC

      5. 8.1.5 Artpack Plastic

      6. 8.1.6 Continental Plast LLC

      7. 8.1.7 Polymir LLC

    2. *List Not Exhaustive

  9. 9. RECYCLING & SUSTAINABILITY LANDSCAPE

  10. 10. FUTURE OUTLOOK

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Russia 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.

Russia's plastic caps and closures market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP) and other plastic materials (polystyrene, PVC, polycarbonate, etc.)), product type (threaded, dispensing, unthreaded, and child-resistant), end-use industries (food, beverage (bottled water, carbonated soft drinks, alcoholic beverages, juices and energy drinks and other beverages), personal care & cosmetics, household chemicals, and other end-use industries). The market sizing and forecasts are provided in terms of volume (units) and revenue (USD) for all the above segments.

By Resin
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.)
By Product Type
Threaded
Dispensing
Unthreaded
Child-resistant
By End-Use Industries
Food
Beverage
Bottled Water
Carbonated Soft Drinks
Alcoholic Beverages
Juices & Energy Drinks
Other Beverages
Personal Care & Cosmetics
Household Chemicals
Other End-Use Industries
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Russia Plastic Caps and Closures Market Research FAQs

The Russia Plastic Caps And Closures Market size is expected to reach USD 2.14 billion in 2024 and grow at a CAGR of 2.74% to reach USD 2.45 billion by 2029.

In 2024, the Russia Plastic Caps And Closures Market size is expected to reach USD 2.14 billion.

Berry Global Inc., Erecton LLC, Polymir LLC, Continental Plast LLC and PZPI LLC are the major companies operating in the Russia Plastic Caps And Closures Market.

In 2023, the Russia Plastic Caps And Closures Market size was estimated at USD 2.08 billion. The report covers the Russia Plastic Caps And Closures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Plastic Caps And Closures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Russia Plastic Caps and Closures Industry Report

Statistics for the 2024 Russia Plastic Caps And Closures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Plastic Caps And Closures analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Russia Plastic Caps and Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)