The Colombia Plastic Caps And Closures Market size is estimated at USD 360.20 million in 2024, and is expected to reach USD 418.30 million by 2029, growing at a CAGR of 3.04% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 10.56 billion units in 2024 to 12.14 billion units by 2029, at a CAGR of 2.83% during the forecast period (2024-2029).
Plastic caps and closures are pivotal in packaging and safeguarding products from dust, spills, and contamination. They are durable, recyclable, and economical, making them an ideal choice for manufacturers. In Colombia, the food and beverage industry heavily relies on ancillary packaging solutions, such as plastic caps and closures, to extend the product shelf life, especially with the rising demand for packaged beverages.
The Colombian plastic caps and closures market is fragmented with the presence of key players like Berry Global Inc., Amcor Group GmbH, Simex SAS, Weener Plastic Group BV, and Guala Closures SpA. The players in the market focus on new product development, partnerships, mergers and acquisitions, and collaborations to solidify their footprint in the Colombian market.
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