Caps and Closures Market Size, Share & Analysis Report, 2022-2030
The global Caps and Closures market gathered revenue around USD 65.41 billion in 2021 and market is set to grow USD 92.5 billion by the end of 2030 and is estimated to expand at a modest CAGR of 4.4% during the prediction period 2022 to 2030.
Growth Factors:
The caps and closures serve the primary purpose of keeping the container closed and the contents contained for the designated shelf life. It also acts as a barrier against dirt, oxygen, moisture, as well as preventing the goods from being opened prematurely. In the packaging industry, the caps and closures are primarily used to protect items and extend their shelf life. The rubber, plastic, and metal are used in the caps and closures market to provide appropriate product packaging.
The caps and closures are in high demand due to the rise in demand for easy to open and sustainable packs, rapid urbanization, and demographic trends. These are commonly used in the food and beverage industry for alcoholic and non-alcoholic drinks. The caps and closures help to extend the shelf life of products, protect them from dirt and moisture, and keep the oxygen content of the packed product balanced. With the increasing demand for caps and closures, import and export have become more important.
The caps and closures market is primarily driven by the packaging industry. The major purpose of packaging is to give food and beverages a longer shelf life, as well as products that keep their texture, flavor, and test for a long period. The caps and closures aid in the process of extending product shelf life and brand promotion. Furthermore, the growing demand for packaging propels the global caps and closures market growth. The fast-moving consumer goods, cosmetics, toiletries, and pharmaceuticals contribute towards the growth of the caps and closures market. However, the price volatility of raw materials such as high-density polyethylene and polypropylene is a major constraint to the caps and closures market’s expansion.
The caps and closures are popular because of their user-friendly design, great degree of customization, and durability. The caps and closures are expected to see a significant increase in demand throughout the projection period due to their accurate closing, binding properties, and widespread popularity among consumers.
The key market players are emphasizing circular packaging with the inclusion of post-consumer resin and other recyclable materials in caps and closures. The manufacturers of caps and closures are updating their recycling initiatives as a result of this, reaching sustainability goals and attracting environmental conscious customers to the caps and closures market.
Scope of the Caps and Closures Market
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Report Coverage |
Details |
|
Market Size |
US$ 92.5 Billion by 2030 |
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Growth Rate |
CAGR of 4.4% from 2021 to 2030 |
|
Largest Market |
Asia Pacific |
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Fastest Growing Market |
North America |
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Base Year |
2021 |
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Forecast Period |
2021 to 2030 |
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Segments Covered |
Product, Application, Region |
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Companies Mentioned |
Berry Plastics Corporation, Silgan Holdings Inc., Amcor Limited, Rexam PLC, RPC Group PLC, Crown Holdings Inc., BERICAP GmbH Co. & KG, Guala Closures Group, Reynolds Group Holdings Limited, Aptar Group Inc. |
Region Insights
Based on the region, the Asia-Pacific segment accounted 40% revenue share in 2020. The Asia-Pacific caps and closures market is likely to be driven by the presence of highly populous nations like India and China, as well as the rising food and beverage industry. Moreover, the surge in demand for cosmetics and toiletries is likely to drive up use of caps and closures.
On the other hand, due to rising consumption of alcoholic and non-alcoholic beverages in nations such as the U.S. and Canada, the North America represented a major revenue share in 2020. The introduction of new types of beverages in the region is likely to boost the demand for the region’s packaging products even further.
Some of the prominent players in the Caps and Closures Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Product Type
By Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Caps and Closures Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Caps and Closures Market
5.1. COVID-19 Landscape: Caps and Closures Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Caps and Closures Market, By Product
8.1. Caps and Closures Market, by Product Type, 2021-2030
8.1.1. Easy open Can Ends
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Metal Lug Closures
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Peel off Foils
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Metal Crowns
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Metal Screw Closures
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Corks
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Plastic Screw Closures
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Caps and Closures Market, By Application
9.1. Caps and Closures Market, by Application, 2021-2030
9.1.1. Food & Beverage
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Healthcare
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Cosmetics & Toiletries
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Automotive
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Pharmaceutical
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Caps and Closures Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Berry Plastics Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Silgan Holdings Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Amcor Limited
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Rexam PLC
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. RPC Group PLC
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Crown Holdings Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. BERICAP GmbH Co. & KG
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Guala Closures Group
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Reynolds Group Holdings Limited
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Aptar Group Inc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers