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

Metal Caps and Closures Industry Prospective:

The global metal caps and closures market size was worth around USD 23.48 billion in 2023 and is predicted to grow to around USD 32.06 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.52% between 2024 and 2032.

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In order to offer the users of this report, a comprehensive view 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 within the study. The study also includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

Metal Caps and Closures Market: Growth Drivers

Closures or caps are designed to facilitate the opening and dispensing of a container. These design systems also include child-resistant and tamper-evident packaging. Metal caps and closures are available in several closure types and diameters depending on the container and product type.

The global metal caps and closures market is expected to grow at a significant pace in the future, owing to the surging demand for processed food products across the globe. Moreover, the rising population has propelled the demand for food and beverages, which, in turn, has increased the consumption of caps and closures. Additionally, the increasing demand for cosmetics and personal care products is also expected to fuel the metal caps and closures market development in the years ahead. However, volatility in product prices may hamper the metal caps and closures market growth. Conversely, the increasing innovations witnessed in product design are projected to offer numerous growth opportunities to the global metal 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 the key players within the market on a regional basis.

Metal Caps and Closures Market: Segmentation

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

The type segment of the metal caps and closures market is divided into screw caps, can-ends, crown, and others. The crown segment accounted for the largest market share in 2018, followed by screw caps. The growth of these segments can be attributed to the extensive use of crown caps and closures by the beverage industry.

Based on material type, the metal caps and closures market includes steel, tin plate, and aluminum. In 2018, the aluminum segment contributed a significant share to the global metal caps and closures market.

The end-user segment of the metal caps and closures market is divided into food and beverage, cosmetics and personal care, pharmaceutical, and others. The food and beverage segment is the largest consumer of metal caps and closures, due to the growing number of food and beverage companies across the globe.

Metal Caps and Closures Market: Report Scope

Metal Caps and Closures Market: Regional Analysis

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

In 2018, North America contributed the largest market share to the global metal caps and closures market. This regional growth can be attributed to the increasing application of metal caps and closures in the food and beverage industry in the region. The Asia Pacific metal caps and closures market is likely to be driven the growing consumption of metal caps and closures in countries like China, Japan, and India in the future.

Metal Caps and Closures Market: Competitive Analysis

The global metal caps and closures market is led by players like:

• Closure Systems International
• Guala Closures Group
• Pelliconi & C. SPA
• Nippon Closures
• Sonoco Products Company
• O Berk Company
• Manaksia Industry
• Amcor
• CL Smith Company
• Crown Holdings

This report segments the global metal caps and closures market into:

Global Metal Caps and Closures Market: Type Analysis

• Crown
• Can-Ends
• Screw Caps
• Others

Global Metal Caps and Closures Market: Material Type Analysis

• Aluminum
• Tin Plate
• Steel

Global Metal Caps and Closures Market: End-User Analysis

• Food and Beverage
• Pharmaceutical
• Cosmetics and Personal Care
• Others

Global Metal Caps and Closures Market: Regional Analysis

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