Global Caps and Closures Market 2024 – 2033

Reports Description

According to Custom Market Insights (CMI), The Global Caps and Closures Market Size was valued at USD 67.14 billion in 2021 and is expected to reach USD 71.22 billion in 2022, and is estimated to reach USD 97.98 billion by the end of 2030 at a CAGR of approximately 5.1% during the forecast period 2022-2030.

Caps enclosures are extensively used in the cosmetics, household goods, food and beverages, and pharmaceutical industries. They use various metallic materials and polymers like polypropylene, aluminum, polyethylene and steel; even though there are many reasons for the market’s photo growth, a few factors will hamper the growth of the market during the forecast period.

The increased demand for blister packaging and the increased use of pouches will hamper the market’s growth in the coming years. Using pouches for different packaging types of products has been instrumental in reducing the cost associated with manufacturing caps and closures. Many FMCG organizations have come up with innovative packaging in the form of pouches. The demand for zip pouches will hamper the market’s growth in the coming year.

The materials used in manufacturing the caps and the closures are Arnold biodegradable. They do not decompose even four decades together. Most of this packaging makes use of plastic caps and closures. Governments across the globe are engaging in coming up with strategies to reduce the use of plastic. The government of Europe enacts stringent laws to handle the recycling of caps and closures. These regulations will also help with ideal methods for disposing of packaging waste. There is a growing demand for sustainable packaging across the globe to have environmentally friendly products to reduce the carbon footprint since many industries will adopt table packaging during the forecast period.

During the outbreak of the COVID-19 pandemic, many industries had a negative impact, and the growth had subsided. The beverages industry of the alcoholic and nonalcoholic types suffered during the pandemic. As the hotels, restaurants, resorts and bars were closed during the pandemic, the demand for caps and closures also reduced.

The lockdowns imposed worldwide have led to increased consumption of many types of beverages. But this demand could not exceed the demand for hotels and restaurants. In the coming years, the demand for cans will also grow as they come in different sizes with convenient packages. The suppliers of raw materials across the globe also manufacture caps and closures of the customized type. To develop environment-friendly products and reduce waste, many organizations are engaging in activities using recycled materials for manufacturing caps and closures in the coming years. They are also involved in research and development activities using recycled plastic, recycled steel, and aluminum for manufacturing the caps and the closures.

Growth Factors

Caps and closures are used in closing the containers and storing the products for a particular period. Caps and closures act as a barrier to the outside environment. It helps prevent the store products’ contaminated due to dirt or moisture. The demand for caps and closures is expected to grow during the forecast as it helps prevent the package from opening at unwanted times. It is extremely important in extending the products’ shelf life. These products are available in materials like metal, plastic, and rubber. The caps will be used depending on the container or the need for the product to be stored in the container.

The demand for the closures and the caps will continue to grow in the coming years as there has been an increase in the need for sustainable packaging and packaging that is easier to open. Rapid urbanization worldwide has led to increased use of sustainable packaging. The caps and the closures are used mainly in the food and beverages industry. It is also used in the packaging of alcoholic and nonalcoholic drinks. It helps maintain the oxygen level of the food that is packed. Demand for caps and closures will continue to grow during the forecast period to transport various goods to different regions or in the import and export business. Growing trends of different types of packaging will lead to an increased demand for caps and closures in the coming years as these products help improve the pact products’ shelf life.

The demand will continue to grow in the coming years. They help maintain the flavor and the texture of the food. The demand for caps and closures will grow in the coming years as they promote various brands of different organizations. They are used on a large scale in cosmetics, pharmaceuticals, FMCG, and other industries that require packaging. These gaps and closures are manufactured to provide a friendly design for consumers. It’s a great level of customization in these caps and closures depending upon the quantity of the product. The product’s increasing popularity and the accurate closing feature will drive market growth in the coming years.

Segmental Insights

Caps and closures market segment based on the product

Based on the product type, the dispensing caps segment will have the largest market share in revenue during the forecast period. This segment has dominated the market in the past with a share of about 30%. The demand for dispensing caps will grow in the coming years as they are convenient and easy to use. These gaps help maintain the flavor and freshness of the products for a longer time. They come in different types varieties like triggers, pumps and flip flops. Most of these types of caps are used in the cosmetics industry, food industry, automotive industry as well as pharmaceutical industry.

Depending upon the product’s consistency and the product’s required shelf life, the caps are designed by the manufacturers. This type of cap provides controlled flow, which is one of the major factors driving the market’s growth in the coming years. Not from the growing demand for dispensing caps, there shall be an increased demand for screw caps. The containers that have threading will use screw caps in the coming years. To close the tablets, syrups, and tonics containers, the screw caps will be used on a large scale. These screw caps plan an important role in preventing the contamination of medicines. They also help in keeping moisture at bay.

Caps and closures market segment based on material

Plastic is the material that will be used on a large scale in the manufacturing of the caps and the closures during the forecast period. The plastic segment has dominated the market in the past and had a share of about 54% in revenue. Even though there are many concerns associated with the use of plastic, the market will continue to grow in the coming years. Plastic poses a lot of environmental threats. Plastics are not degradable, and they also increase carbon dioxide emissions. The demand for metal caps and closures is a durable and sustainable option. These types of caps are used for glass bottles and metal cans.

Caps and closures market segment based on Application

Caps and closures will be used on a large scale in the food industry. The use of caps and closures in the food industry has generated much revenue in recent years. Out of the total share, the food segment had a share of about 26%. The growing demand for packed food will drive market growth in the coming years.

The consumption of alcoholic and nonalcoholic beverages will continue to support the market’s growth. As sports, energy, prebiotics, and different types of fruits can be packed in various containers, the demand for caps and closures will continue to grow. To seal the bottles and the cans that store drugs, the demand for caps and closures will grow in the pharmaceutical market. They are used in sealing vaccine vials, jars of supplements etc. in recent years, the demand for materials that are medical grade has driven the market growth. The demand for these products is growing as they are safe for medical use.

Report Scope

Regional Insights

Asia Pacific region has dominated the market in the past with a share of about 41% in revenue. This region will continue to dominate the market in the coming year and is expected to have a higher compound annual growth rate in the coming years.

The countries like India and China will play an instrumental role in the market’s growth. As the food and beverages industry in India and China is growing continuously, as the population of these regions is growing, the demand for caps and closures will increase in the coming years. Growing demand for toiletries and cosmetics in the countries of the Asia Pacific region will increase the demand for caps and closures in the coming years; period apart from the Asia Pacific region, the North American region is also expected to have a large amount of share in terms of revenue during the forecast period. The maximum population in this region consumes alcoholic and nonalcoholic beverages on a larger scale.

The countries like Canada and the United States consume these beverages extensively. Innovation in the manufacturing and varieties offered in the beverages to meet the consumers’ demand will play an instrumental role in the growth of the caps and closures Caps and Closures market during the forecast period.

Key Players

• Crown
• Ball Corp.
• Silgan Holding, Inc.
• BERICAP
• Nippon Closures Co. Ltd.
• Berry Global Inc.
• AptarGroup Inc.
• Sonoco Products Company
• Amcor plc
• Closure Systems International

Recent Developments

• Albea which is a manufacturer of dispensers was acquired by Silgan Holdings in the year 2020, this acquisition was made in order to strengthen the organization’s business for closures.
• Mala Verschluss Systeme was acquired by BERICAP in the year 2021, in order to increase the product portfolio and provide aluminum closures.

Segments covered in the report

By Material Used

• Plastic
• Metals
• Others

By Product

• Dispensing caps
• Screw closures
• Aerosol closures
• Crown closures
• Other

By Application

• Food and beverages
• Cosmetics and toiletry
• Healthcare
• Pharmaceutical
• Automotive
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America