The caps & closures market size was valued at USD 73.49 billion in 2023 and is projected to grow from USD 77.45 billion in 2024 to USD 125.10 billion by 2032, exhibiting a CAGR of 6.18% during the forecast period. There is an enormous range in the shapes and sizes of caps and closures. Depending on the specifications and intended application, they can be made of cork, metal, plastic rubber, or other materials. The growing demand for convenient and environmentally friendly packaging alternatives is driving the global market. Fortune Business Insights presents this information in their report titled "Global Caps & Closures Market, 2025–2032."
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Segmentation Analysis:
Several Features Offered by Plastic Propels Demand
Based on the material, the market is segmented into plastic, metal, and others. Due to plastics’ chemical stability and cost-effectiveness, it dominates the market.
Screw Caps Leads the Market due to Safety Features
Based on the product type, the market is segmented into tethered caps, push/pull caps, screw caps, and others. High sealing capability, child-resistant, and convenience primarily drive the screw caps market.
Brand Recognition due to Attractive Packaging Drives Segmental Growth
Based on the end-use industry, the market is segmented into food & beverages, pharmaceutical, consumer goods, personal care & cosmetics, and others. The food & beverages segment dominates the market as caps and closures create brand awareness among consumers.
Geographically, the market is studied across North America, South America, Europe, Asia Pacific, and the Middle East and Africa.
Drivers & Restraints:
Safety and Convenience Offered by Caps & Closures to Increase Demand
The urban population tends to consume food and beverages available in packaged form as they keep the product fresh, are convenient, and offer an air-tight seal to keep the food items safe from bacteria. Therefore, during the projected period the caps & closures market share is anticipated to increase. On the contrary, alternative packaging options like blisters, pouches, and others that are cost-effective may stifle the caps & closures market.
Regional Insights
High Income Changing Lifestyle Boosts Market in Europe
Europe is one of the dominating regions of the caps & closures market as changing lifestyles and increased disposable incomes have led to a huge demand for alcoholic beverages, carbonated drinks, and other items. Increased demand from the cosmetics industry also drives the market. North America also has a large share due to rising innovations, key manufacturers, and the processed food and healthcare sector.
Competitive Landscape
Companies Focus on Producing Creative Packaging Solutions to Foster Growth
Much fragmentation and competition exist in the caps & closures global market. Due to their creative packaging offerings in the packaging sector, a select few significant businesses control a considerable market share. The market's leading companies concentrate on innovation, grow the market's revenue, and diversify their client base across the geographies.
List of Key Companies Profiled:
- BERICAP Holding GmbH (Germany)
- Guala Closures S.p.A (Italy)
- Closure Systems International, Inc. (U.S.)
- Amcor Plc (Australia)
- Silgan Holdings Inc. (U.S.)
- Aptar Group (U.S.)
- UNITED CAPS (Luxembourg)
- Nippon Closures Co., Ltd. (Japan)
- Mold-Rite Plastics, LLC (U.S.)
- O.Berk Company, LLC (U.S.)
- Pelliconi & C. Spa. (Italy)
- Weener Plastics (Netherlands)
- Blackhawk Molding Co. Inc. (U.S.)
- C. L. Smith Company (U.S.)
- Elmoris, Jsc (U.S.)
Key Industry Development:
- July 2022 - Guala Closures, a global leading producer of closures for spirits, wines, beverages and oil bottles acquired Labrenta. The acquisition took place to strengthen Guala Closure's presence in the luxury segment.
- January 2023 - Aptar Pharma, part of AptarGroup, Inc., launched APF Futurity™, its first metal-free and highly recyclable, multidose nasal spray pump developed to deliver nasal saline and other comparable over-the-counter (OTC) formulations.
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