Caps and Closures Market Size, Share, Trends, Growth 2032

Caps and Closures Industry Prospective:

The global caps and closures market size was worth around USD 72.63 Billion in 2023 and is predicted to grow to around USD 114.62 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.2% between 2024 and 2032.

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In order to offer the users of this report, a comprehensive read of the metal caps and closures market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the metal caps and closures market has additionally been enclosed. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

Caps and Closures Market: Growth Factors

Cap and closures are used to seal bottles or containers to avoid leakage. Caps and closures have become integral constituents of the packaging industry. These offer an attractive appearance and brand diversification for products. Caps and closures preserve products and enhance the shelf lives of various products.

The global caps and closures market is projected to witness notable growth in the next few years, owing to the rising demand for the packaged food and beverages across the globe. Moreover, the increasing demand for cosmetic products, such as creams, lotions, and perfumes, is likely to enhance the consumption of caps and closures, thereby, propelling the caps and closures market growth. Additionally, the application of caps and closures is growing rapidly owing to the rising awareness regarding hygiene which is expected to further drive the caps and closures market.

However, fluctuating prices of raw materials that are used to produce caps and closure may hamper the caps and closures market growth. Conversely, constant technological advancements witnessed in product designs are projected to offer numerous growth opportunities to the global caps and closures market.

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The study also includes the market share of the key participant’s operating in the metal caps and closures market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.

Caps and Closures Market: Segmentation

The study provides a crucial view of the metal caps and closures market by segmenting it based on product type, material type, end-user, and region.

The product type segment of the caps and closures market includes plastic screw closures, metal crown closures, metal screw closures, corks, dispensing caps, pumps and sprays, rubber stoppers, and others. Plastic screw closures dominated the global caps and closures market in 2018, owing to the rising application of plastic screw closures in food and beverage and pharmaceutical industries. Moreover, the growing demand for dispensing caps in pharmaceutical and cosmetic industries is likely to enhance the caps and closures usage.

Based on material type, the caps and closures market includes plastic, metal, and others. In 2018, the plastic segment dominated the global caps and closures market. The global demand for plastic caps and closures is increasing rapidly owing to the emerging end-use industries like food and beverage, pharmaceuticals, and consumer goods.

The end-user segment of the market includes food and beverage, pharmaceutical, cosmetics and personal care, consumer goods, and others. The food and beverage segment is expected to dominate the global caps and closures market in the future, owing to the growing number of food and beverage companies in both developed and developing countries.

Caps and Closures Market: Report Scope

Caps and Closures Market: Regional Analysis

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

The Asia Pacific region contributed the largest share to the global caps and closures market in 2018 and is anticipated to register the fastest CAGR in the future. This can be attributed to the region’s flourishing packaging industry, growing application of caps and closures by the food and beverage industry, and increasing demand for caps and closures in China, Japan, and India.

Caps and Closures Market: Competitive Analysis

Some major players of the caps and closures market are

• Bericap
• Guala Closures
• RPC
• Rexam
• Silgan Holdings
• Berry Plastics
• Crown Holdings
• AptarGroup
• Pact Group
• Reynolds Group
• Zip-Pak
• Amcor Limited

This report segments the global caps and closures market into:

Global Caps and Closures Market: Product Type Analysis

• Dispensing Caps
• Plastic Screw Closures
• Metal Crown Closures
• Metal Screw Closures
• Corks
• Pumps and Sprays
• Rubber Stoppers
• Others

Global Caps and Closures Market: Material Type Analysis

• Plastic
  • Polyethylene
  • Polypropylene
  • Polyethylene Terephthalate
  • Polyvinyl Chloride
  • Others
• Metal
  • Aluminum
  • Tinplate
  • Steel
• Others
  • Glass
  • Wood
  • Rubber and Elastomers
  • Paperboard

Global Caps and Closures Market: End-User Analysis

• Food and Beverages
• Pharmaceuticals
• Cosmetics and Personal Care
• Consumer Goods
• Others

Global Caps and Closures Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa