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Global Caps and Closures Market Size, Share, Trends, Forecast: By Material: Plastic, Metal, Others; By Product: Easy-open Can End, Metal Lug Closures, Peel-off Foils, Screw Closures, Metal Crowns, Corks, Others; By Application: Food, Beverages, Healthcare, Cosmetics, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Caps and Closures Market Outlook
The global caps and closures market size reached approximately USD 69.08 billion in 2022. The market is further projected to grow at a CAGR of 4.6% between 2023 and 2028, reaching a value of USD 90.21 billion by 2028.
Key Trends in the Market
Caps and closures are devices used for sealing or closing containers including jugs, bottles, tubes, and jars, among others. They are generally made up of metals and plastics and act as a barrier, preventing the goods inside from getting exposed to dust particle, light, air, and moisture, enhancing the shelf life of the product.
- The increased utilisation of beauty and personal care products due to increasing influence of various social media platforms including Instagram, Facebook, and TikTok, among others along with rising prioritisation of self-care is aiding the caps and closures market growth. The caps and closures act as barriers and provide cosmetics protection against microbial contamination.
- 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.
- Increased consumption of plant based, dairy free, and sugar free beverages due to rising concerns with regards to health, climate, and animal welfare is supporting the market expansion. Caps and closures ensure the freshness and quality of the beverages and provides them protection against tempering and contamination while maintaining their easy to open nature.
Global Caps and Closures Market Analysis
On the basis of material, the market is divided into plastic and metal, among others. Based on product, the market is classified into easy-open can end, metal lug closures, peel-off foils, screw closures, metal crowns, and corks, among others.
On the basis of application, the market is categorised into food, beverages, healthcare, and cosmetics, among others. Based on region, the caps and closures market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Amcor Plc
- Berry Global Inc.
- AptarGroup, Inc.
- Crown Holdings, Inc.
- Nippon Closures Co., Ltd.
- Closure Systems International Inc.
- Guala Closures S.p.A
- United Caps S.A.
- Silgan Closures GmbH
- BERICAP Holding GmbH
- Caps and Closures Pty Ltd.
- Others
Market Share by Application
Beverages are expected to account for a significant caps and closures market share owing to changing lifestyles and increasing consumption of non-alcoholic beverages. The rising popularity of functional water including sparkling, still, and herb-infused, among others that incorporate additives such as fruits, vegetables, vitamins, minerals, herbs, and acids due to increasing shift towards healthy eating and drinking habits is boosting the requirement for caps and closures. Innovations in mocktails and alcohol flavours and increased availability of hybrid beverages are further supporting the market expansion as caps and closures aid in retention of taste, texture, and flavour of the beverages, while extending their shelf life.
Market Share by Region
The Asia Pacific is anticipated to account for a significant share of the market in the coming years. 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 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 demand in the Asia Pacific.
Competitive Landscape
Amcor Plc, headquartered in Victoria, Australia, is a leading packaging company that is known for producing rigid containers, caps and closures, flexible packaging, and speciality cartons for home and personal care, pharmaceutical, and food and beverage sector. The company was founded in 1896.
Berry Global Inc. is involved in the creation of engineered products and innovative packaging solutions to enhance the lives of their customers by leveraging their innovation expertise and unmatched capabilities. The company was founded in 1967 and is headquartered in Indianna, United States.
AptarGroup, Inc. is one of the global leaders in manufacturing and designing a wide range of material science and consumer product dispensing and drug delivery solutions. The company was founded in 1992 and is based in Illinois, United States.
Other caps and closures market key players include Crown Holdings, Inc., Nippon Closures Co., Ltd., Closure Systems International Inc., Guala Closures S.p.A, United Caps S.A., Silgan Closures GmbH, BERICAP Holding GmbH, and Caps and Closures Pty Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Caps and Closures Market Analysis
8.1 Key Industry Highlights
8.2 Global Caps and Closures Historical Market (2018-2022)
8.3 Global Caps and Closures Market Forecast (2023-2028)
8.4 Global Caps and Closures Market by Material
8.4.1 Plastic
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Metal
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Caps and Closures Market by Product
8.5.1 Easy-open Can End
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Metal Lug Closures
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Peel-off Foils
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Screw Closures
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Metal Crowns
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Corks
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Caps and Closures Market by Application
8.6.1 Food
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Beverages
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Healthcare
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Cosmetics
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Caps and Closures Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Caps and Closures Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Caps and Closures Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Caps and Closures Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Caps and Closures Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Caps and Closures Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 392350, 8309)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Amcor Plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Berry Global Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 AptarGroup, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Crown Holdings, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Nippon Closures Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Closure Systems International Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Guala Closures S.p.A
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 United Caps S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Silgan Closures GmbH
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 BERICAP Holding GmbH
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Caps and Closures Pty Ltd.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Caps and Closures Market: Key Industry Highlights, 2018 and 2028
2. Global Caps and Closures Historical Market: Breakup by Material (USD Billion), 2018-2022
3. Global Caps and Closures Market Forecast: Breakup by Material (USD Billion), 2023-2028
4. Global Caps and Closures Historical Market: Breakup by Product (USD Billion), 2018-2022
5. Global Caps and Closures Market Forecast: Breakup by Product (USD Billion), 2023-2028
6. Global Caps and Closures Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Caps and Closures Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Caps and Closures Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Caps and Closures Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Caps and Closures Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Caps and Closures Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Caps and Closures Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Caps and Closures Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Caps and Closures Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Caps and Closures Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Caps and Closures Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Caps and Closures Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Caps and Closures Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Caps and Closures Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Caps and Closures Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 69.08 billion in 2022.
The market is projected to grow at a CAGR of 4.6% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 90.21 billion by 2028.
The major market drivers include rising requirement from the healthcare sector and growing demand for caps and closures in manufacture of toiletries and personal care products due to increasing population.
The key trends fuelling the growth of the market include increased consumption of plant based, dairy free, and sugar free beverages and rising demand for packaging cosmetics.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant products include easy-open can end, metal lug closures, peel-off foils, screw closures, metal crowns, and corks, among others.
The key players in the market are Amcor Plc, Berry Global Inc., AptarGroup, Inc., Crown Holdings, Inc., Nippon Closures Co., Ltd., Closure Systems International Inc., Guala Closures S.p.A, United Caps S.A., Silgan Closures GmbH, BERICAP Holding GmbH, and Caps and Closures Pty Ltd., among others.
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