Global plastic caps & closures market was valued at US$ 1,788.9 billion in 2020 and is projected to hit US$ 2,209.9 billion by 2027 over the forecast period, at a CAGR of 5.7%. The drivers for the market growth are product modernization to aid product differentiation & branding, rising demand for smaller size packs, and demand from small & medium sized end users. However, light weight and cost effective stand-up pouch packaging alternatives, regulations of environmental degradation on manufacturers and charging taxes, and substitute products availability are the factors which hinders the growth of market. Plastic caps & closures are utilised in a wide range of industries, including food and beverage, medicines, household items, and cosmetics. The final components of packaging are caps and closures, which are responsible for protecting the integrity of the product packaging. PP and PE are the principal raw materials used in the production of caps and closures. Plastic caps & closures Market are widely used in industry because they provide a cost-effective sealing option. The demand for packaged foods and prescription products has been expanding at a healthy rate, and the caps and closures market is projected to benefit from this trend over the forecast period. This industry, on the other hand, is completely reliant on the suppliers of raw materials for manufacturing. The raw materials PP and PE, which are employed as raw materials, have wildly varying market prices. Manufacturers struggle to maintain consistent output because the cost of production is based on this raw resource.