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The Caps & Closures Market size was valued at USD 74 billion in 2023 and is expected to reach USD 114.79 billion by 2032 with a growing CAGR of 5% over the forecast period of 2024-2032.
The Caps & Closure market is involved in the production as well as supply of caps and closures-related packaging solutions to various types of industries such as pharmaceuticals, food industry, alcohol packaging, and beer industry. Caps and closures are protective barriers to stop getting products exposed to direct sunlight, air, and water which can damage the product. Plastic is the major raw material used in caps & closures followed by metal, glass, rubber, and many other materials.
There is high demand for caps and closures in the food and beverage industry as there is a high risk of products getting damaged. People’s awareness about healthy lifestyles is also rising the demand for this industry. A wide range of caps and closures is available based on types and safety such as screw caps and pump closures.
There is high competition in this market from MNCs to small manufacturers. In the pharmaceutical industry, the need for caps and closures packaging is high for public health and safety.
Overall, the caps & closure market is vast and is growing its demand in upcoming years, due to the high need for end-use industries.
KEY DRIVERS:
Technological advancements in the packaging sector
This is the major driver for the caps & closure market. Investment in technology and research and development has allowed companies to innovate new products and not stick to traditional ways of packaging products. Innovation also attracts the consumer market, as the market is always in demand for new products. Research and development have brought up products that are more beneficial in regard to safety, and shelf life and are reusable. Thus, rapid technological innovation is a key driver for the growth of the caps & closure market.
Increase in demand for the food and beverage industry.
RESTRAIN:
Increase in pouches and blister packaging
Substitutes products available in the market for caps and closure is major restrain. Pouches and blister packaging have many benefits to manufacturers. They reduce the cost of production. FMCG companies opt for pouch packaging because it causes convenience to customers.
Fluctuation in prices of raw materials
OPPORTUNITY:
Emerging market in the Asia-Pacific region
Asia-Pacific region is likely to grow the market for caps & closures due to an increase in the food and beverage industry. In terms of value market for caps and closure is also high. Packaged drinking water need is also high in the APAC region. There is also an emerging market for the e-commerce sector which will be in high demand for caps and closures required for the packaging of products and delivery.
Pharmaceutical Industry needs for caps and closures.
CHALLENGES:
Recycling Challenges
Sustainability is also a major challenge to this market. Making sustainable products that can give the same performance is difficult for this market. This will require huge investments in technology and research which is adding more cost to the manufacturing industry for this market. Recycling various materials used to prepare caps and closures is also difficult. Waste materials needed to be segregated before recycling which is a complex process.
Government rules and regulations
During the recession period, the demand for caps and closure market decreased as the consumer buying behaviour changed, consumer tends not to waste money in buying products that can affect their income. Hence food and beverage industry show a decline and a result of which caps and closure market also show a decline. As a result of the recession, there are low sales and low revenue generated.
In the recession, there is a delay in research and innovation, which will stop the development of new caps and closure products, hence overall growth of the market is affected.
The global Gable Top Caps and Closure market has been significantly impacted by the COVID-19 pandemic, with many businesses now having to contend with supply chain issues, decreased demand, and financial constraints. However, it is projected that the industry would gradually recover as countries loosen their prohibitions on shutdowns and enterprises resume operations. The market for Gable Top Caps and Closure is expected to grow in the approaching years as a consequence of the developing e-commerce and digital marketing trends. The use of cutting-edge technologies like artificial intelligence and machine learning, as well as the expanding popularity of cloud-based solutions, are other factors that are expected to contribute to the market's continued growth.
By Raw Material
Plastic
Metal
Others
By Product type
Roll-On Balls
Plastic Caps
Closures
Other Caps
By End Use
Food
Pharmaceutical
Cosmetics
Beverage
Automotive
Packaged Water Bottle
Others
Asia Pacific region will be the largest growing market for caps and closures with the market share of 45%. The market in developing countries such as India will grow at the fastest CAGR during forecast period. The demand for food and beverage in populous countries like India and China, is driving the market. In countries like Japan and Korea, the demand for cosmetic products packaging and hygienic products is increasing which is growing the market for caps and closures.
North American region is the second largest emerging market for caps and closures due to increased beverage consumption.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
Some of the major players in the Caps & Closures Market are Crown Holding Inc, Amcor Plc, Nippon Closures Co Ltd, Weener Plastics, Secure Industries Private Limited, UNITED CAPS, Guala Closures S.p.A, Aptar Group, Berry Global Inc, Samhwa Crown & Closure, and other players.
| Report Attributes | Details |
| Market Size in 2023 | US$ 73 Bn |
| Market Size by 2032 | US$ 114.79 Bn |
| CAGR | CAGR of 5% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Raw material (Plastic, Metal, Others) • By Product Type (Roll-On Balls, Plastic Caps, Closures, Other Caps) • By End Use (Food, Pharmaceutical, Cosmetics, Beverage, Automotive, Packaged Water Bootle, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Crown Holding Inc, Amcor Plc, Nippon Closures Co Ltd, Weener Plastics, Secure Industries Private Limited, UNITED CAPS, Guala Closures S.p.A, Aptar Group, Berry Global Inc, Samhwa Crown & Closure |
| Key Drivers | • Technological advancements in the packaging sector |
| Market Opportunities | • High market in the Asia-Pacific region |
Ans: The Caps & Closures Market is expected to grow at a CAGR of 5% over the forecast period of 2024-2031.
Ans: The Caps & Closures Market size was USD 74 billion in 2023. It is expected to reach USD 114.79 billion by 2032.
Ans: Some of the leading players in the Caps & Closure market are Samhwa Crown & Closure, Crown Holding Inc, Amcor Plc, Weener Plastics, Secure Industries Private Limited, UNITED CAPS, Guala Closures S.p.A, Aptar Group, Berry Global Inc, Nippon Closures Co Ltd.
Ans: Asia Pacific region will dominate the Caps & Closure Market, followed by North American region during our forecast period.
Ans: Technological advancements in the packaging sector and Increase in demand for the food and beverage industry are the major drivers for the Caps & Closure Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ongoing Recession
4.2 Impact of Covid-19
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Caps & Closure Market Segmentation, By Raw Material
8.1 Plastic
8.2 Metal
8.3 Others
9. Caps & Closure Market Segmentation, By Product Type
9.1 Roll-On Balls
9.2 Plastic Caps
9.3 Closures
9.4 Other Caps
10. Caps & Closure Market Segmentation, By End Use
10.1 Food
10.2 Pharmaceutical
10.3 Cosmetics
10.4 Beverage
10.5 Automotive
10.6 Packaged Water Bottle
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Caps & Closure Market by Country
11.2.2North America Caps & Closure Market By Raw Material
11.2.3 North America Caps & Closure Market By Product Type
11.2.4 North America Caps & Closure Market By End Use
11.2.6 USA
11.2.6.1 USA Caps & Closure Market By Raw Material
11.2.6.2 USA Caps & Closure Market By Product Type
11.2.6.3 USA Caps & Closure Market By End Use
11.2.7 Canada
11.2.7.1 Canada Caps & Closure Market By Raw Material
11.2.7.2 Canada Caps & Closure Market By Product Type
11.2.7.3 Canada Caps & Closure Market By End Use
11.2.8 Mexico
11.2.8.1 Mexico Caps & Closure Market By Raw Material
11.2.8.2 Mexico Caps & Closure Market By Product Type
11.2.8.3 Mexico Caps & Closure Market By End Use
11.3 Europe
11.3.1 Europe Caps & Closure Market by Country
11.3.2 Europe Caps & Closure Market By Raw Material
11.3.3 Europe Caps & Closure Market By Product Type
11.3.4 Europe Caps & Closure Market By End Use
11.3.6 Germany
11.3.6.1 Germany Caps & Closure Market By Raw Material
11.3.6.2 Germany Caps & Closure Market By Product Type
11.3.6.3 Germany Caps & Closure Market By End Use
11.3.7 UK
11.3.7.1 UK Caps & Closure Market By Raw Material
11.3.7.2 UK Caps & Closure Market By Product Type
11.3.7.3 UK Caps & Closure Market By End Use
11.3.8 France
11.3.8.1 France Caps & Closure Market By Raw Material
11.3.8.2 France Caps & Closure Market By Product Type
11.3.8.3 France Caps & Closure Market By End Use
11.3.9 Italy
11.3.9.1 Italy Caps & Closure Market By Raw Material
11.3.9.2 Italy Caps & Closure Market By Product Type
11.3.9.3 Italy Caps & Closure Market By End Use
11.3.10 Spain
11.3.10.1 Spain Caps & Closure Market By Raw Material
11.3.10.2 Spain Caps & Closure Market By Product Type
11.3.10.3 Spain Caps & Closure Market By End Use
11.3.11 The Netherlands
11.3.11.1 Netherlands Caps & Closure Market By Raw Material
11.3.11.2 Netherlands Caps & Closure Market By Product Type
11.3.11.3 Netherlands Caps & Closure Market By End Use
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Caps & Closure Market By Raw Material
11.3.11.2 Rest of Europe Caps & Closure Market By Product Type
11.3.11.3 Rest of Europe Caps & Closure Market By End Use
11.4 Asia-Pacific
11.4.1 Asia Pacific Caps & Closure Market by Country
11.4.2 Asia Pacific Caps & Closure Market By Raw Material
11.4.3 Asia Pacific Caps & Closure Market By Product Type
11.4.4Asia Pacific Caps & Closure Market By End Use
11.4.6 Japan
11.4.6.1 Japan Caps & Closure Market By Raw Material
11.4.6.2 Japan Caps & Closure Market By Product Type
11.4.6.3 Japan Caps & Closure Market By End Use
11.4.7 South Korea
11.4.7.1 South Korea Caps & Closure Market By Raw Material
11.4.7.2 South Korea Caps & Closure Market By Product Type
11.4.7.3 South Korea Caps & Closure Market By End Use
11.4.8 China
11.4.8.1 China Caps & Closure Market By Raw Material
11.4.8.2 China Caps & Closure Market By Product Type
11.4.8.3 China Caps & Closure Market By End Use
11.4.9 India
11.4.9.1 India Caps & Closure Market By Raw Material
11.4.9.2 India Caps & Closure Market By Product Type
11.4.9.3 India Caps & Closure Market By End Use
11.4.10 Australia
11.4.10.1 Australia Caps & Closure Market By Raw Material
11.4.10.2 Australia Caps & Closure Market By Product Type
11.4.10.3 Australia Caps & Closure Market By End Use
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Caps & Closure Market By Raw Material
11.4.11.2 APAC Caps & Closure Market By Product Type
11.4.11.3 APAC Caps & Closure Market By End Use
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Caps & Closure Market by Country
11.5.2 The Middle East & Africa Caps & Closure Market By Raw Material
11.5.3 The Middle East & Africa Caps & Closure Market By Product Type
11.5.4The Middle East & Africa Caps & Closure Market By End Use
11.5.6 Israel
11.5.6.1 Israel Caps & Closure Market By Raw Material
11.5.6.2 Israel Caps & Closure Market By Product Type
11.5.6.3 Israel Caps & Closure Market By End Use
11.5.7 UAE
11.5.7.1 UAE Caps & Closure Market By Raw Material
11.5.7.2 UAE Caps & Closure Market By Product Type
11.5.7.3 UAE Caps & Closure Market By End Use
11.5.8 South Africa
11.5.8.1 South Africa Caps & Closure Market By Raw Material
11.5.8.2 South Africa Caps & Closure Market By Product Type
11.5.8.3 South Africa Caps & Closure Market By End Use
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Caps & Closure Market By Raw Material
11.5.9.2 Rest of Middle East & Asia Caps & Closure Market By Product Type
11.5.9.3 Rest of Middle East & Asia Caps & Closure Market By End Use
11.6 Latin America
11.6.1 Latin America Caps & Closure Market by Country
11.6.2 Latin America Caps & Closure Market By Raw Material
11.6.3 Latin America Caps & Closure Market By Product Type
11.6.4 Latin America Caps & Closure Market By End Use
11.6.6 Brazil
11.6.6.1 Brazil Caps & Closure Market By Raw Material
11.6.6.2 Brazil Africa Caps & Closure Market By Product Type
11.6.6.3 Brazil Caps & Closure Market By End Use
11.6.7 Argentina
11.6.7.1 Argentina Caps & Closure Market By Raw Material
11.6.7.2 Argentina Caps & Closure Market By Product Type
11.6.7.3 Argentina Caps & Closure Market By End Use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Caps & Closure Market By Raw Material
11.6.8.2 Rest of Latin America Caps & Closure Market By Product Type
11.6.8.3 Rest of Latin America Caps & Closure Market By End Use
12 Company Profile
12.1 Crown Holding Inc
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Products/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Amcor Plc
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Products/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Nippon Closures Co Ltd
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Products/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Weener Plastics
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Products/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Secure Industries Private Limited
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Products/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 UNITED CAPS
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Products/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Guala Closures S.p.A
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Products/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Aptar Group
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Products/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Berry Global Inc
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Samhwa Crown & Closure
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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