USD 74.64 Billion
Caps and Closures Market Size, Share, Growth Analysis, By Material (Plastic, Metal), By Application (Food Packaging, Beverage Packaging), By Product, By Region -Industry Forecast 2025-2032
Report ID:
SQMIG30E2046 |
Region:
Global |
Published Date: December, 2024
Pages:
184
|Tables:
84
|Figures:
73
Caps and Closures Market Insights
Caps and Closures Market size was valued at USD 74.64 Billion in 2023 and is poised to grow from USD 78.3 Billion in 2024 to USD 114.8 Billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).
Increasing demand for caps and closures is closely associated with the rise of urbanization in the U.S. Consumers in urban areas prefer packaging solutions that are convenient and suitable for on-the-go consumption of food and beverages. Caps and closures play a vital role in providing this convenience by ensuring easy opening and closing of products, as well as preventing spills. In addition, they create an airtight seal that keeps the products fresh for a longer period by preventing the entry of bacteria. These address the growing concerns about safety and hygiene associated with food and beverage products, as they help prevent spoilage. Hence, expanding food and beverage industries with growing urbanization is expected to boost the demand for caps and closures during the forecast period.
Growing demand for various food products and alcoholic and non-alcoholic beverages is anticipated to trigger caps and closures market growth. Caps and closures act as a barrier and prevent packaged contents from getting exposed to ambient air and dust particles and allow easy dispensing. Caps and closures have applications in several other end-use industries, such as healthcare, personal care, home care, and automotive. Rising awareness about the benefits of healthy eating is likely to boost the demand for dietary supplements, which in turn is expected to further drive demand for packaging products.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Plastic
Fastest Growth
Metal
Growth Rate
4.9% CAGR
Global Caps and Closures Market ($ Bn)
Country Share for North America Region (%)
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Caps and Closures Market Segments Analysis
Global caps and closures market is segmented by material, product, application and region. Based on material, the market is segmented into plastic and metal. Based on application, the market is segmented into food packaging and beverage packaging. Based on product, the market is segmented into dispensing caps and screw closures. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Material
As per the caps and closures market analysis, the plastic segment held the largest revenue share of over 54.0% in 2023. Plastic material poses environmental concerns due to lower degradability as well as occurrence of CO2 emissions during its production. The trend of recycling is therefore emerging in manufacturing of caps and closures with numerous companies making use of recycled content as raw material to minimize dependence on virgin plastic. For instance, MENSHEN and Borealis AG launched ten packaging closures in September 2020, which are manufactured using 50% PCR polypropylene. These are intended to be used for laundry and home care products.
Metal is the fastest growing segment in the market. Metal is sustainable and durable as compared to plastic material and therefore has gained traction in the market. Metal closures are widely used for covering beverage glass bottles, metal cans of food products, as well as bottles of pharmaceuticals. Metal caps and closures offer superior durability and an excellent barrier against external contaminants, including air, moisture, and light. This makes them ideal for preserving the freshness and quality of products like carbonated beverages, canned foods, and sensitive pharmaceutical formulations. Metal closures are often chosen for their sleek and polished appearance, which appeals to premium and luxury brands. For example, aluminum closures are commonly used for high-end wine and spirits to enhance brand perception and consumer experience.
Analysis by Application
As per the caps and closures market outlook, the food packaging segment is dominating. Changing lifestyle trends and increasing demand for processed food contribute to the growth. The use of customized packaging on packaging products containing wine, alcohol, water, soda, and many others is increasing rapidly. The increasing inclination towards such beverages aids the segment's growth. Caps and closures improve brand awareness and sales for food, thus leading to the segment's rapid growth. Rising consumption of packaged food products, Ready-To-Eat (RTE) meals, and on-the-go snacks is anticipated to drive segment growth during the forecast period.
Beverage packaging is a significant end-use industry for caps & closures. Drink packaging fills in as a vehicle for expanding time span of usability while keeping up with the taste and surface of the drinks. Pockets and containers are turning out to be progressively famous packaging choices in the drink business. The demand for segregated closures from major beverage companies throughout the world is driving the market for premium caps in the beverage industry. There are different caps & closures that can be utilized to seal or pack non-alcoholic drinks, such as energy and sports drinks, probiotic drinks, meal replacements, and leafy food-based drinks in glass and plastic jugs, will help promote caps and closures demand.
Global Caps and Closures Market By Material (%)
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Caps and Closures Market Regional Insights
Asia Pacific is the dominating region of the market. The increasing population and number of SMEs for customized packaging enhance the market growth of Asia Pacific. The surge in demand from the cosmetic industry boosts regional market growth. The rapid shift in consumer lifestyles and rising disposable income that has increased demand for carbonated drinks, alcoholic beverages, and many others fosters growth in the European region. This growth can be attributed to the rapid expansion of the food and beverage sector in the region and increased demand for toiletries and personal care products due to the growing population. Increasing international tourism, growing earning potential of the regional population, and rising health awareness has resulted in an increased requirement for bottled water, boosting the caps and closures market.
North America is the fastest-growing segment in the industry. The U.S. is the leading country in the region and holds the largest caps and closures market share. The market is projected to grow moderately due to the rising demand in the personal care & cosmetics industries. Caps and closures that can withstand transportation and delivery are needed to ensure product integrity for online purchases. Consumers increasingly turn to online platforms for purchasing a wide range of products including food, beverages, cosmetics, and household goods. This directly impacts the demand for caps and closures used in packaging these products for e-commerce processes.
Global Caps and Closures Market By Geography
- Largest
- Fastest
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Caps and Closures Market Dynamics
Drivers
Rising Demand for Packaged Food & Beverages with Growing Urbanization
- Rising demand for caps and closures is closely linked with rising urbanization. Urban consumers are inclined more towards convenient and on-the-go packaging solutions for food or beverage products. Caps and closures play a key role in providing convenience, ensuring the products are easy to open and close, and can be consumed without spillage. Caps and closures offer an airtight seal, preventing the entry of bacteria and keeping the product fresh for a longer time.
Properties such as Lightweight and Durability to Increase Demand Boosting Market Growth
- Lightweight caps and closures offer a range of benefits to consumers and manufacturers, which has led to increased demand and adoption in the market. Plastic closures offer manufacturers a versatile solution suitable for various industries. Their ease of use, lightweight nature, customizability, and compatibility with diverse product types contribute to their widespread adoption.
Restraints
Availability of Alternative Packaging Solutions to Hinder Market Growth
- Flexible packaging alternatives like pouches, blisters, and others offer several benefits such as flexibility, lightweight, and cost-effectiveness that might be more attractive to some consumers. These flexible packaging solutions can provide unique branding, such as shaped pouches and blisters with custom graphics helping brands stand out and improve brand recognition. Rigid packaging solutions cost more to produce and transport than flexible packaging solutions. The time-and-effort-consuming process of designing customized products compared to alternative packaging solutions is the key factor that hampers the caps and closures market growth.
Environmental Regulations and Sustainability Pressure
- As the global focus shifts towards sustainability, the pressure on the caps and closures industry to develop environmentally friendly packaging solutions is increasing. Stringent regulations regarding plastic usage and waste management are pushing manufacturers to adopt biodegradable or recyclable materials, which may require significant investment in research and development. This transition can be costly and time-consuming, affecting market dynamics.
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Caps and Closures Market Competitive Landscape
The market is characterized by the presence of multinational as well as regional players and several public-listed companies globally, making the market space highly competitive. Key players mainly cater to the demand from food, beverages, pharmaceutical, and beauty products industries. Major players operating in the caps and closures industry are undertaking different strategies such as product launches, mergers, joint ventures, acquisitions, and geographical expansion. For instance, in February 2023, Berry Global Inc. introduced a comprehensive packaging solution specifically designed for pharmaceutical and herbal markets, targeting syrup and liquid medicines. This solution includes child-resistant and tamper-evident PET bottles and closures.
Top Player’s Company Profiles
- Crown
- Amcor plc
- Closure Systems International
- Ball Corporation
- Silgan Holdings Inc.
- Guala Closures S.p.A
- AptarGroup, Inc.
- BERICAP
- Nippon Closures Co., Ltd.
- Sonoco Products Company
- Webpac Ltd
- JELINEK CORK GROUP
- UAB Elmoris
- CL Smith
- PELLICONI & C. SPA
- O. BERK
- UNITED CAPS
Recent Developments
- March 2023 - UNITED CAPS launched 23 H-PAK, a new cap for carton packaging. The company’s latest innovation, the 23 H-PAK, sticks to outstanding value and performance rather than costly line modifications.
- February 2023 - Berry Global offers a fully certified child-resistant integrated PET bottle for the market. The new Berry Healthcare bundle features seven different 28mm neck PET bottles ranging in size from 20ml to 1,000ml and in a variety of designs.
- February 2021 - Easytech Closures S.p.A. is acquired by Silgan Holdings which manufactures and sells easy-open and sanitary metal ends used with metal containers primarily for food applications in Europe.
Caps and Closures Key Market Trends
- Utilization of Biodegradable or Recyclable Plastics and Growing Sustainability Trend: The rising concerns regarding environmental hazards have led to an increasing focus on sustainable and eco-friendly packaging solutions. The market is positively influenced by a growing focus on sustainability, with manufacturers exploring eco-friendly materials and designs to align with consumer preferences. Bio-degradable caps and closures, for example, are made from materials that break down naturally in the environment, such as plant-based plastics or biodegradable polymers. They can be composted or recycled after use, reducing their effect on the environment. On the other hand, recyclable caps and closures are made from recyclable materials such as aluminum or PET plastics.
- Smart Packaging and Technological Integration: The integration of smart technology into caps and closures is gaining momentum. This includes closures equipped with sensors that can monitor product quality, temperature, and those that provide user-friendly features like tamper-evident seals or re-sealable closures. Smart packaging is particularly popular in the food and beverage industry, ensuring freshness and safety.
Caps and Closures Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the expansion of the healthcare sector is offering lucrative growth opportunities to the market as caps and closures support the packaging of sterile products. These components maintain the sterility of healthcare devices and parenteral pharmaceuticals, among others by preventing the ingress of contaminants while inserting a needle into a vial. Caps and closures market refers to the manufacturers of various closures for covering jars, bottles, jars, and other packaging of food, beverages, pharmaceuticals, personal care products, household goods etc. These closures come in various products like plastic, metallic and corkscrew. It is also designed for conservation purposes. The rise of flexible, tamper-resistant packaging, especially in the food and beverage industry, is a key driver for the Topps Closure market and innovative designs that enhance its ease of use and durability contribute to this demand. Companies are increasingly focused on creating unique closures that reflect their personality and offer high levels of comfort and security features, improving the overall customer experience.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 74.64 Billion |
| Market size value in 2032 | USD 114.8 Billion |
| Growth Rate | 4.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Caps and Closures Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Caps and Closures Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Caps and Closures Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Caps and Closures Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Caps and Closures Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Caps and Closures Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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