Aluminum Caps & Closures Market Size, Share, Growth Report 2032

The global aluminum caps & closures market size was worth around USD 6.12 billion in 2023 and is predicted to grow to around USD 8.32 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.47% between 2024 and 2032.

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The report covers a global and regional level estimation and analysis for the aluminum caps & closures market. The study provides forecast from 2024 to 2032 along with a historical data from 2018 to 2022 based on volume (Billion Units) and revenue (USD Billion).

Aluminum Caps & Closures Market: Overview

Aluminum caps and closures provide better rigidity and stability for packaging as compared to other materials. These caps and closures are produced in different types and diameters. The recent trend toward using processed and preserved products in the daily diet are likely to fuel the aluminum caps & closers market in the upcoming years.

Concerns about food, product security, and safety, product differentiation and branding are expected to drive global aluminum caps & closures market. Moreover, the rise in the demand for convenience and reduced pack sizes are estimated to drive the aluminum caps & closures market in the upcoming years.

However, the introduction of substitute products might hinder this market’s growth. Nevertheless, developing countries are likely to offer lucrative growth opportunities for global aluminum caps & closures market in the years to come.

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The study includes major drivers and restraints for the aluminum caps & closures market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the aluminum caps & closures market on a global level.

For providing the users of this report a comprehensive view of the aluminum caps & closures market, we have included product portfolio of key vendors and a detailed competitive scenario. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the aluminum caps & closures market has also been included. The aluminum caps & closures market report covers an in-depth study of the global and regional markets and market attractiveness analysis, wherein type, application, and regional segments are benchmarked based on their growth rate, general attractiveness, and market size.

Aluminum Caps & Closures Market: Segmentation

The aluminum caps & closures market is segmented based on type and application.

By type, this market is categorized into roll-on pilfer-proof caps, non-refillable closures, and easy-open can ends. The roll-on pilfer-proof caps segment dominated the market in 2023 and is expected to maintain its position in the future.

By application, the aluminum caps & closures market is segmented into beverages, food, home, and personal care, and pharmaceutical. Beverage segment held the largest share in the market in 2023, owing to large-scale demand for beverages, such as alcoholic beverages and soft drinks. This segment is likely to fuel this global market within the forecast time period.

Aluminum Caps & Closures Market: Report Scope

Aluminum Caps & Closures Market: Regional Analysis

The Asia Pacific accounted for the largest share of the aluminum caps & closures market in 2023 and accounted for nearly 34% of the market share in 2023. Increasing per capita income of people in this region, increasing population, better standards of living, and rising spending abilities of the middle-class are likely to drive this global market in the forecast time period. Europe is the second largest market for aluminum caps & closures, followed by North America. Both the regions are well-developed and are bases to various industries, such as beverages, food, personal care, etc. This, in turn, is anticipated to significantly drive the growth of this global market in the future. The Middle Eastern and African and Latin American markets are projected to witness a moderate growth rate, owing to their high untapped market growth potential. 

Aluminum Caps & Closures Market: Competitive Landscape

The key manufacturers operating in the global aluminum caps & closures market are:

• Amcor
• Crown Holding
• Closure Systems International
• Silgan Holdings
• Herti JSC
• Guala Closures
• Torrent Closures
• Alcopack Group
• Cap & Seal Pvt. Ltd.
• Federfin Tech S.R.L.

The global aluminum caps & closures market is segmented as follows:

By Type 

• Roll-On Pilfer-Proof Caps
• Easy-Open Can Ends
• Non-Refillable Closures

By Application 

• Beverages
• Food
• Home & Personal Care
• Pharmaceutical

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa