Caps and Closures Market Research Report - Forecast to 2027

Global Caps & Closures Market, By Material (Plastic, Metal and others), By Type (Caps, Closures, Corks, Stoppers, Cans and others), By End-User (Food & Beverage, Pharmaceutical, Cosmetics, Automotive and Others) and Region - Forecast to 2027

ID: MRFR/PNT/0757-HCR | February 2021 | Region: Global | 111 pages

Please note that assessment period of report has been updated from 2020-2026 to 2020-2027. Cordially fill sample form for updated data.

Synopsis of Caps & Closures Market


Caps & closures play an important role in packaging, and they include containers such as caps, cans, and others. It helps in the process to extend shelf-life of the products and provide a barrier to dirt, moisture, and oxygen.  Rising demand for bottled water and smaller packaging sizes from the end-user industries such as food, beverage, and healthcare, and rising concerns toward product quality and safety are some of the factors improving caps & closure market growth. Increasing use of packaging driving the growth of the caps and closures market.


Recent Trend shows that people are moving towards packed goods in the emerging countries such as India and China. Moreover, technological improvements, replacement of metal closures with glass or plastic food containers, such factors helps to use caps & closures for consumer products and in industrial applications, to protect, market, and distribute a variety of products. Global demand for caps & closure will advance due to a worldwide trend favoring demand for packaged food products. According to study, caps & closures market is expected to reach the market size of USD 65.12 billion by the end of forecast period with CAGR of ~5.2% between 2017 and 2023.


Factors such as increased consumption of processed foods & beverages, innovation in packaging, increasing demand from the end-user industries are some of the factors which pushed the market towards growth. However, Caps & Closures has various restraints that hinder the market growth such as fluctuating raw material prices and stringent regulations on packaging material waste and recycling.


The market for global caps & closures is segmented into mainly three segments namely, by materials, type, and end users. Market categorization on the basis of product type includes caps, closures, corks, stoppers, cans, and others. On the basis of materials, it includes Plastic, Metal, and others. Plastic resin such as polypropylene (PP) and polyethylene (PE) are widely used with PP expected to be the fastest-growing sub-segment. Light weighted, cost-effective, and can be used to package various types of products belonging to different industries such as food & beverage, pharmaceutical, others.


The increasing consumption of beverages and innovative packaging solutions are expected to drive the market. The shifting demand of consumers from carbonated soft drinks to bottled drinks is expected to fuel the demand for caps and closures in this segment. The urbanized population is shifting toward healthy and safe packaged food and emerging economies such as India, China, and Brazil have changed their buying patterns by purchasing more packaged foods owing to the increasing disposable incomes.


A key trend is the growing preference for synthetic corks and screw caps over natural corks. Whereas, Heavy promotion of Go-green projects and eco-friendly concepts by government providing an opportunity to the caps and closure market. Further, the requirement of eco-friendly caps and closures, which use more recycled such as wood and paperboard are increasing. By using eco-friendly materials, can reduce wastage and used for product differentiation and brand building.


Global Caps & Closures market: Segmentation


 Caps & Closures market Segmentation


Global Caps & Closures market: By Material


Caps & Closures can be used in many ways to enhance the durability of various components and products. The major raw materials used in the manufacturing of caps and closures are Plastic and metal. Caps and closures industry uses a different type of materials to construct suitable product packagings, such as plastics, metals, rubber, and paperboard. Plastic is chemically resistant, inexpensive and lightweight with a wide range of physical and optical properties. In fact, many plastics are heat sealable, easy to print, and can be integrated into production processes where the package is formed, filled, and sealed in the same production line.


Regional Analysis On the basis of geography, the market has been segmented into North America, Europe, Asia Pacific and RoW. Geographically, Asia Pacific dominates the global Caps & Closures packaging market with the largest market share. Hygiene consciousness, a shift in preference from unpackaged to packaged food items, use of closures on popular container types are some of the factors which fueling the market growth.  With the booming packaging industry worldwide, the global market for caps and closures is expected to grow.  The demand for packaged products has been increasing in the Asia-Pacific region, majorly due to the changing lifestyle and the rise in purchasing power. This will lead to an increased demand for plastic caps & closures, thus fueling the market growth.


Key Players  The major player operating in the market of global caps & closures are Rexam PLC (U.K), Berry Plastics Corporation (U.S.), AptarGroup Inc. (U.S.), RPC Group Plc. (U.K.), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Reynolds Group Holdings Limited (New Zealand), and Silgan Holdings Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).


                               


The report for Global Caps & Closures Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2023: USD 65.12 Billion
  CAGR   5.2% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material , Type , By End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Rexam PLC (U.K), Berry Plastics Corporation (U.S.), AptarGroup Inc. (U.S.), RPC Group Plc. (U.K.), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Reynolds Group Holdings Limited (New Zealand), and Silgan Holdings Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).
  Key Market Opportunities   The increasing demand for packaged food and beverage products
  Key Market Drivers

  • Rising demand for bottled water
  • Rising concerns toward product quality and safety


  • Frequently Asked Questions (FAQ) :


    The global caps and closures market is expected to reach USD 65.12 billion by 2023.

    Global caps and closures market is expected to exhibit a strong 5.2% CAGR over the forecast period from 2017 to 2023.

    The increasing demand for packaged food and beverage products is likely to be a key driver for the caps and closures market.

    Asia Pacific dominates the global caps and closures market.

    Leading players in the global caps and closures market include Rexam plc, Amcor Ltd., and Berry Plastics Corporation, among others.

    TABLE OF CONTENT

    1 Executive Summary


    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Definition

    2.2.2 Research Objective

    2.2.3 Assumptions

    2.2.4 Limitations

    2.3 Research Process

    2.3.1 Primary Research

    2.3.2 Secondary Research

    2.4 Market size Estimation

    2.5 Forecast Model


    3 Market Landscape

    3.1 Porter’s Five Forces Analysis

    3.1.1 Threat of New Entrants

    3.1.2 Bargaining power of buyers

    3.1.3 Bargaining power of Suppliers

    3.1.4 Threat of substitutes

    3.1.5 Segment rivalry

    3.2 Value Chain/Supply Chain Analysis


    4 Market Dynamics

    4.1 Introduction

    4.2 Market Drivers

    4.3 Market Restraints

    4.4 Market Opportunities

    4.5 Market Trends


    5 Global Caps & Closures Market by Materials

    5.1 Introduction

    5.2 Plastic

    5.2.1 Market Estimates & Forecast, 2020-2027

    5.2.2 Market Estimates & Forecast by Region, 2020-2027

    5.3 Metal

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    5.4 Others

    5.4.1 Market Estimates & Forecast, 2020-2027

    5.4.2 Market Estimates & Forecast by Region, 2020-2027

    6 Global Caps & Closures Market, By Type

    6.1 Introduction

    6.2 Caps

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast by Region, 2020-2027

    6.3 Closures

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast by Region, 2020-2027

    6.4 Corks

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.4.2 Market Estimates & Forecast by Region, 2020-2027

    6.5 Stoppers

    6.5.1 Market Estimates & Forecast, 2020-2027

    6.5.2 Market Estimates & Forecast by Region, 2020-2027

    6.6 Cans

    6.6.1 Market Estimates & Forecast, 2020-2027

    6.6.2 Market Estimates & Forecast by Region, 2020-2027

    6.7 Others

    6.7.1 Market Estimates & Forecast, 2020-2027

    6.7.2 Market Estimates & Forecast by Region, 2020-2027

    7 Global Caps & Closures Market, By End User

    7.1 Introduction

    7.2 Food & Beverage

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Pharmaceutical

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Cosmetics

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    7.5 Automotive

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast by Region, 2020-2027

    7.6 Others

    7.6.1 Market Estimates & Forecast, 2020-2027

    7.6.2 Market Estimates & Forecast by Region, 2020-2027

    8 Global Caps & Closures Market, By Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Material, 2020-2027

    8.2.3 Market Estimates & Forecast by Type, 2020-2027

    8.2.4 Market Estimates & Forecast by End User, 2020-2027

    8.2.5 The U.S

    8.2.5.1 Market Estimates & Forecast, 2020-2027

    8.2.5.2 Market Estimates & Forecast by Materials , 2020-2027

    8.2.5.3 Market Estimates & Forecast by Type, 2020-2027

    8.2.5.4 Market Estimates & Forecast by End User, 2020-2027

    8.2.6 Canada

    8.2.6.1 Market Estimates & Forecast, 2020-2027

    8.2.6.2 Market Estimates & Forecast by Materials , 2020-2027

    8.2.6.3 Market Estimates & Forecast by Type, 2020-2027

    8.2.6.4 Market Estimates & Forecast by End User, 2020-2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Materials , 2020-2027

    8.3.3 Market Estimates & Forecast by Type, 2020-2027

    8.3.4 Market Estimates & Forecast by End User, 2020-2027

    8.3.5 U.K

    8.3.5.1 Market Estimates & Forecast, 2020-2027

    8.3.5.2 Market Estimates & Forecast by Materials , 2020-2027

    8.3.5.3 Market Estimates & Forecast by Type, 2020-2027

    8.3.5.4 Market Estimates & Forecast by End User, 2020-2027

    8.3.6 Germany

    8.3.6.1 Market Estimates & Forecast, 2020-2027

    8.3.6.2 Market Estimates & Forecast by Materials , 2020-2027

    8.3.6.3 Market Estimates & Forecast by Type, 2020-2027

    8.3.6.4 Market Estimates & Forecast by End User, 2020-2027

    8.3.7 France

    8.3.7.1 Market Estimates & Forecast, 2020-2027

    8.3.7.2 Market Estimates & Forecast by Materials , 2020-2027

    8.3.7.3 Market Estimates & Forecast by Type, 2020-2027

    8.3.7.4 Market Estimates & Forecast by End User, 2020-2027

    8.3.8 Italy

    8.3.8.1 Market Estimates & Forecast, 2020-2027

    8.3.8.2 Market Estimates & Forecast by Materials , 2020-2027

    8.3.8.3 Market Estimates & Forecast by Type, 2020-2027

    8.3.8.4 Market Estimates & Forecast by End User, 2020-2027

    8.3.9 Rest of Europe

    8.3.9.1 Market Estimates & Forecast, 2020-2027

    8.3.9.2 Market Estimates & Forecast by Materials , 2020-2027

    8.3.9.3 Market Estimates & Forecast by Type, 2020-2027

    8.3.9.4 Market Estimates & Forecast by End User, 2020-2027

    8.4 Asia Pacific

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Materials , 2020-2027

    8.4.3 Market Estimates & Forecast by Type, 2020-2027

    8.4.4 Market Estimates & Forecast by End User, 2020-2027

    8.4.5 China

    8.4.5.1 Market Estimates & Forecast, 2020-2027

    8.4.5.2 Market Estimates & Forecast by Materials , 2020-2027

    8.4.5.3 Market Estimates & Forecast by Type, 2020-2027

    8.4.5.4 Market Estimates & Forecast by End User, 2020-2027

    8.4.6 Japan

    8.4.6.1 Market Estimates & Forecast, 2020-2027

    8.4.6.2 Market Estimates & Forecast by Materials , 2020-2027

    8.4.6.3 Market Estimates & Forecast by Type, 2020-2027

    8.4.6.4 Market Estimates & Forecast by End User, 2020-2027

    8.4.7 India

    8.4.7.1 Market Estimates & Forecast, 2020-2027

    8.4.7.2 Market Estimates & Forecast by Materials , 2020-2027

    8.4.7.3 Market Estimates & Forecast by Type, 2020-2027

    8.4.7.4 Market Estimates & Forecast by End User, 2020-2027

    8.4.8 Rest of Asia Pacific

    8.4.8.1 Market Estimates & Forecast, 2020-2027

    8.4.8.2 Market Estimates & Forecast by Materials , 2020-2027

    8.4.8.3 Market Estimates & Forecast by Type, 2020-2027

    8.4.8.4 Market Estimates & Forecast by End User, 2020-2027

    8.5 Rest of the World

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Materials , 2020-2027

    8.5.3 Market Estimates & Forecast by Type, 2020-2027

    8.5.4 Market Estimates & Forecast by End User, 2020-2027


    9 Competitive Landscape


    10 Company Profile

    10.1 Rexam PLC

    10.1.1 Company Overview

    10.1.2 Types/Services Offering

    10.1.3 Financial Overview

    10.1.4 Key Developments

    10.1.5 Strategy

    10.1.6 SWOT Analysis

    10.2 Berry Plastics Corporation

    10.2.1 Company Overview

    10.2.2 Materials s/Services Offering

    10.2.3 Financial Overview

    10.2.4 Key Developments

    10.2.5 Strategy

    10.2.6 SWOT Analysis

    10.3 AptarGroup Inc.

    10.3.1 Company Overview

    10.3.2 Types /Services Offering

    10.3.3 Financial Overview

    10.3.4 Key Developments

    10.3.5 Strategy

    10.3.6 SWOT Analysis

    10.4 RPC Group Plc

    10.4.1 Company Overview

    10.4.2 Types /Services Offering

    10.4.3 Financial Overview

    10.4.4 Key Developments

    10.4.5 Strategy

    10.4.6 SWOT Analysis

    10.5 Crown Holdings Inc.

    10.5.1 Company Overview

    10.5.2 Types /Services Offering

    10.5.3 Financial Overview

    10.5.4 Key Developments

    10.5.5 Strategy

    10.5.6 SWOT Analysis

    10.6 Amcor Limited

    10.6.1 Company Overview

    10.6.2 Types /Services Offering

    10.6.3 Financial Overview

    10.6.4 Key Developments

    10.6.5 Strategy

    10.6.6 SWOT Analysis

    10.7 Reynolds Group Holdings Limited

    10.7.1 Company Overview

    10.7.2 Types /Services Offering

    10.7.3 Financial Overview

    10.7.4 Key Developments

    10.7.5 Strategy

    10.7.6 SWOT Analysis

    10.8 Silgan Holdings Inc.

    10.8.1 Company Overview

    10.8.2 Materials s/Services Offering

    10.8.3 Financial Overview

    10.8.4 Key Developments

    10.8.5 Strategy

    10.8.6 SWOT Analysis

    10.9 Guala Closures Group

    10.9.1 Company Overview

    10.9.2 Types /Services Offering

    10.9.3 Financial Overview

    10.9.4 Key Developments

    10.9.5 Strategy

    10.9.6 SWOT Analysis

    10.10 BERICAP GmbH Co. & KG

    10.10.1 Company Overview

    10.10.2 Types /Services Offering

    10.10.3 Financial Overview

    10.10.4 Key Developments

    10.10.5 Strategy

    10.10.6 SWOT Analysis

    List of Tables


    Table 1 Global Caps & Closures Market: By Region, 2020-2027

    Table 2 North America Caps & Closures Market: By Country, 2020-2027

    Table 3 Europe Caps & Closures Market: By Country, 2020-2027

    Table 4 Asia-Pacific Caps & Closures Market: By Country, 2020-2027

    Table 5 RoW Caps & Closures Market: By Country, 2020-2027

    Table 6 Global Caps & Closures Market by Materials, By Regions, 2020-2027

    Table 7 North America Caps & Closures Market by Materials, By Country, 2020-2027

    Table 8 Europe Caps & Closures Market, by Materials, By Country, 2020-2027

    Table 9 Asia-Pacific Caps & Closures Market by Materials, By Country, 2020-2027

    Table 10 RoW Caps & Closures Market by Materials, By Country, 2020-2027

    Table 11 Global Caps & Closures by Type: By Regions, 2020-2027

    Table 12 North America Caps & Closures Market by Type: By Country, 2020-2027

    Table 13 Europe Caps & Closures Market by Type: By Country, 2020-2027

    Table 14 Asia Pacific Caps & Closures Market by Type: By Country, 2020-2027

    Table 15 RoW Caps & Closures Market by Type: By Country, 2020-2027

    Table 16 Global Caps & Closures Market by End User, By Regions, 2020-2027

    Table 17 North America Caps & Closures Market by End User, By Country, 2020-2027

    Table 18 Europe Caps & Closures Market by End User, By Country, 2020-2027

    Table 19 Asia Pacific Caps & Closures Market by End User, By Country, 2020-2027

    Table 20 RoW Caps & Closures Market by End User, By Country, 2020-2027

    Table 21 Global Materials Market: By Region, 2020-2027

    Table 22 Global Type Market: By Region, 2020-2027

    Table 23 Global End User Market: By Region, 2020-2027

    Table 24 North America Caps & Closures Market by Country

    Table 25 North America Caps & Closures Market by Materials

    Table 26 North America Caps & Closures Market by Type

    Table 27 North America Caps & Closures Market by End User

    Table 28 Europe: Caps & Closures Market by Country

    Table 29 Europe: Caps & Closures Market by Materials

    Table 30 Europe: Caps & Closures Market by Type

    Table 31 Europe: Caps & Closures Market by End User

    Table 32 Asia-Pacific: Caps & Closures Market by Country

    Table 33 Asia-Pacific: Caps & Closures Market by Materials

    Table 34 Asia-Pacific: Caps & Closures Market by Type

    Table 35 Asia-Pacific: Caps & Closures Market by End User

    Table 36 RoW: Caps & Closures Market by Region

    Table 37 RoW Caps & Closures Market by Materials

    Table 38 RoW Caps & Closures Market by Type

    Table 39 RoW Caps & Closures Market by End User



    List of Figures


    FIGURE 1 RESEARCH PROCESS OF MRFR

    FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

    FIGURE 3 Market Dynamics

    FIGURE 4 impact analysis: market drivers

    FIGURE 5 impact analysis: market restraints

    FIGURE 6 porter’s five forces analysis

    FIGURE 7 Value chain analysis

    FIGURE 8 GLOBAL Caps & Closures Market SHARE, BY Raw Material, 2020 (%)

    FIGURE 9 GLOBAL Caps & Closures Market BY Materials , 2020-2027 (USD MILLION)

    FIGURE 10 GLOBAL Caps & Closures Market SHARE, BY End User, 2020 (%)

    FIGURE 11 GLOBAL Caps & Closures Market BY End User, 2020-2027 (USD MILLION)

    FIGURE 12 GLOBAL Caps & Closures Market SHARE (%), BY REGION, 2020

    FIGURE 13 GLOBAL Caps & Closures Market by Region, 2020-2027 (USD MILLION)

    FIGURE 14 North America Caps & Closures Market SHARE (%), 2020

    FIGURE 15 North America Caps & Closures Market BY Country, 2020-2027 (USD MILLION)

    FIGURE 16 Europe Caps & Closures Market Share (%), 2020

    FIGURE 17 Europe Caps & Closures Market BY Country, 2020-2027 (USD MILLION)

    FIGURE 18 Asia-Pacific Caps & Closures Market SHARE (%), 2020

    FIGURE 19 Asia-Pacific Caps & Closures Market BY Country, 2020-2027 (USD MILLION)

    FIGURE 20 Rest of the World Caps & Closures Market SHARE (%), 2020

    FIGURE 21 Rest of the World Caps & Closures Market BY Country, 2020-2027 (USD MILLION)