Global Caps and Closures Market Report and Forecast 2024-2032

Global Caps and Closures Market Outlook

The global caps and closures market size reached approximately USD 72.26 billion in 2023. The market is further projected to grow at a CAGR of 4.6% between 2024 and 2032, reaching a value of USD 107.99 billion by 2032.

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