Global caps and closure market accounted for a market revenue of USD 47 billion in the year 2019 and is projected to grow at a CAGR of more than 5%. Caps and closure are primarily used for the sealing of bottles and containers. It offers a wide variety of benefits, including longevity and versatile applications in many industries.
The value of the Caps and Closures market is projected to grow to US$ 117.14 Billion with an estimated CAGR of 5.5% by 2032
.jpg "The Global Caps And Closures Market 2022-2032 (USD Billion)")
This also provides a physical, flexible and lightweight materials safety from corrosion and in effect increases product demand. Caps and locks secure the product against unwanted opening and provide a protection against water, industrial oxygen and humidity. It is used mainly in the packaging field for the safety and durability of items.
The primary purpose of the packaged product is to improve the food and beverages 'shelf life, as well as improve the product's capacity to retain the taste, smell and colour. The business landscape is being encouraged by continued development across the whole industry to develop eco-friendly caps and closures by utilizing the recycling process and natural ingredients.
Caps and Closures Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2023 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 117.14 Billion |
| Growth Rate | CAGR of 5.5% during 2022-2032 |
| Segment Covered | by Product, by Production Process:, by Material, by End-Use, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Crown Holdings Inc., BERICAP Holding GmbH, Guala Closures S.p.A, Closure Systems International, Inc., Amcor Plc., Silgan Plastic Closure Solutions, Aptar Group, UNITED CAPS, Nippon Closures Co., Ltd., Mold-Rite Plastics, LLC, O.Berk Company, LLC, Pelliconi & C. Spa., Weener Plastik GmbH, and Blackhawk Molding Co. Inc., among others. |
Key Segment Of The Caps and Closures Market
by Product (USD Billion)
• Screw Closures
• Snap Closures
• Push-Pull Closures
• Tethered Caps
• Others
by Production Process, (USD Billion)
• Injection Molding
• Compression Molding
• Others (Blow Molding, and more)
by Material,(USD Billion)
o Plastic
• Polyethylene
• HDPE
• LDPE
• Polypropylene
• Homopolymer
• Copolymer
• Random
• PCR
• Bioplastics
• Others (PET, PA, and more)
o Metal
o Aluminium
o Others
by End-Use, (USD Billion)
• Food & Beverage
• Consumer Goods
• Personal and Homecare
• Pharmaceuticals
• Others
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of caps and closure market in 2032 was US$ 117.14 Billion
The major contenders in the global caps and closure market Silgan Holdings, Reynolds Group Holdings, Crown Holdings, Berry Plastics Corporation, Berlin Packaging, Guala Closures Group, Manaksia Ltd., Alpha Holdings GmbH
The base year for the report is 2023 in caps and closure market
The increased demand for fresh water and growing product characteristics impacts the sector's landscape. The continuing production of alternatives in tandem with emerging markets in developing markets has, however, hindered the growth of the industry. Nevertheless, continued research activities, coupled with increased business efforts to create an ecologically sustainable product is projected to improve the development of the business. Furthermore, increasing revenue from the middle class, along with the continuous penetration of goods across developed countries, would complement market perspectives on the timeline.
On the basis of type, the market is segmented into plastic, metal, and others. Plastic caps and closure is projected to dominate the global caps and closure market. On the basis of application, the market is segmented into Food & Beverage, Pharmaceutical, Cosmetics, Automotive, Others.
In terms of region the global Caps and Closures market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa. Asia Pacific accounted for a major market revenue share and is projected to show similar trend over the forecast period.
.png "Asia Pacific Caps and Closures Market 2018-2025 (USD Billion)")
Key players involved in this industry include Global Closure Systems, Silgan Holdings, Reynolds Group Holdings, Crown Holdings, Berry Plastics Corporation, Berlin Packaging, Guala Closures Group, Manaksia Ltd., Alpha Holdings GmbH