Caps Closures Companies

Global Caps and Closures Market Overview

Caps and Closures Market Size was valued at USD 61.5 billion in 2022. The Caps and Closures industry is projected to grow from USD 64.3905 Billion in 2023 to USD 92.98122228 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.70% during the forecast period (2023 - 2032). Increased demand for bottled water and rising concerns toward product quality and safety are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Caps and Closures Market Trends

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  The surge in demand for packaged food & beverages is driving the market growth.

  
  

Rising demand for caps and closures is closely linked with growing urbanization. Urban consumers are inclined more towards convenient and on-the-go packaging solutions for food or beverage products. Caps and closures are key 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. They address the growing concern about safety and hygiene associated with food & beverage products by preventing spoilage. Manufacturers also offer various customization alternatives more suitable for the product, which helps retain their customers, thus boosting their market globally. This factor drives the Market CAGR.

Additionally, lightweight caps and closures provide various advantages to consumers and manufacturers, resulting in a surge in demand and adoption within the market. These caps and closures consume fewer resources and generate less waste, making them more environmentally friendly than conventional options. This is especially significant for companies seeking to minimize their carbon footprint and lessen their environmental impact. In addition to the environmental benefits, lightweight caps and closures are more cost-effective than traditional alternatives. They require fewer materials, resulting in lower production and transportation costs for manufacturers. As a result, this is expected to drive the market in the coming years.

Moreover, the growing concerns surrounding environmental hazards have prompted a greater emphasis on sustainable and eco-friendly packaging solutions. For instance, biodegradable caps and closures are made from materials that naturally break down in the environment, such as plant-based plastics or biodegradable polymers. After use, these caps and closures can be composted or recycled, reducing their environmental impact. On the other hand, recyclable caps and closures are created using recyclable materials like aluminum or PET plastics. They can be recycled alongside other household or industrial waste.  As sustainability continues to dominate the market, companies are investing in sustainable products and developing new solutions to meet the growing need for environmentally friendly packaging. Thus, driving the Caps and Closures market revenue.

Caps and Closures Market Segment Insights

Caps and Closures Material Type Insights

Based on material type, the Caps and Closures market segmentation includes plastic, metal, and others. The plastic segment dominated the market; Manufacturers favor plastic due to its versatility and cost-effectiveness. It is a widely used material for producing diverse caps and closures, such as threaded caps, snap-on caps, and child-resistant caps.

Figure1: Caps and Closures Market, by Material Type, 2022&2032(USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Caps and Closures Type Insights

Based on type, the Caps and Closures market segmentation includes plastic caps, closures, roll-on balls, and other caps and closures. The plastic caps segment dominated the market because they are the most widely used type of cap and closure. After all, they are versatile and cost-effective. They can be used for a wide variety of products, and they are relatively inexpensive to produce. Plastic caps are easy to customize, making them a popular choice for manufacturers of a wide range of products. This is because manufacturers can customize the shape, size, and color of plastic caps to match the specific needs of their products.

Caps and Closures End-Use Industry Insights

Based on the end-use Industry, the Caps and Closures market segmentation includes food, beverage, packaged water bottles, pharmaceutical, cosmetics, automotive, and others. The food segment dominated the market because food products are some of the most widely consumed products in the world, and they require closures caps to protect them from contamination and spoilage. Food products are some of the most widely consumed products in the world. They require caps and closures to protect them from contamination and spoilage. This is a major driver of the demand for caps and closures in the food industry. Caps and closures in packaging provide both functional sealing and aesthetic branding, ensuring product freshness and consumer appeal

Caps and Closures Regional Insights

The study offers market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Caps and Closures market will dominate, owing to key manufacturers, processed food & healthcare sectors, and increasing innovations that will boost the market growth in this Region.

Additionally, the market report analyzes the key countries including the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: GLOBAL CAPS AND CLOSURES MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Caps and Closures market accounts for the second-largest market share due to the rapid shift in consumer lifestyles and rising disposable income that has increased demand for carbonated drinks, alcoholic beverages, and many others, fostering growth in the Region. Further, the German Caps and Closures market held the largest market share, and the U.K. Caps and Closures market was the fastest-growing market in the European Region.

The Asia-Pacific Caps and Closures Market are expected to grow at the largest CAGR from 2023 to 2032. This is because the increasing population and number of SMEs for customized packaging enhance the market growth. Moreover, China’s Caps and Closures market held the largest market share, and the Indian Caps and Closures market was the fastest-growing market in the Asia-Pacific region.

Caps and Closures Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Caps and Closures market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Closures & caps industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Caps and Closures industry to benefit clients and increase the market sector. The Caps and Closures industry has recently offered some of the most significant advantages. Major players in the Caps and Closures market, including Rexam PLC (U.K.), Berry Plastics Corporation (U.S.), AptarGroup Inc. (U.S.), and RPC Group Plc. (U.K.), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Reynolds Group Holdings Limited (New Zealand), Silgan Holdings Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & K.G. (Germany)., and others, are attempting to increase market demand by investing in research and development operations.

Silgan Holdings is an American manufacturing company based in Connecticut that specializes in producing packaging for consumer goods. The company was established in 1987 by Phil Silver and Greg Horrigan, both former executives at Continental Can. The company name, Silgan Holdings, is derived from their surnames. As part of its growth strategy, Silgan Holdings recently acquired the dispensing business of Albea, a packaging company based in France. Albea's dispensing business supplies pumps, sprayers, and foam dispensing solutions to leading companies in the personal care and beauty industries. With 10 manufacturing plants across North America, Europe, South America, and Asia, the business is well-positioned to serve its customers globally. This acquisition is expected to positively impact Silgan Holdings' earnings in 2020.

Berry Group, Inc. is a prominent manufacturer and promoter of plastic packaging items, recognized as a Fortune 500 company. To enhance its market presence, Berry Group successfully acquired RPC Group. This strategic move has propelled the company to become a dominant force as a leading provider of value-added protective solutions. Additionally, it has bolstered its position as one of the largest plastic packaging enterprises worldwide.

Key Companies in the Caps and Closures market include

• Rexam PLC (U.K.)


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  Berry Plastics Corporation (U.S.)


• AptarGroup Inc. (U.S.)


• RPC Group Plc. (U.K.)


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  Crown Holdings Inc. (U.S.)


• Amcor Limited (Australia)


• Reynolds Group Holdings Limited (New Zealand)


• Silgan Holdings Inc. (U.S.)


• Guala Closures Group (Italy)


• BERICAP GmbH Co. & K.G. (Germany)

Caps and Closures Industry Developments

July 2020: Berry Group completed the acquisition of RPC Group, forming a prominent provider of value-added protective solutions and one of the largest plastic packaging enterprises globally. This transaction also facilitated the expansion of the company's presence globally, boasting a widespread network of more than 290 facilities in regions such as North and South America, Europe, Asia, Africa, and Australia.

July 2020: Silgan Closures has launched the new 55mm KS2 plastic bottle cap for water bottles with 5 and 3 gallon HOD (Home and Office). The hat includes several new features that set it apart from similar water hats. Molded from a proprietary, shatter-resistant compound, the lid features a shell design that virtually eliminates spills. To ensure product safety, the cap also features a flow cap liner for best bottle quality and tamper protection.October 2023: Berry Global launches a new range of caps and closures made from plant-based materials. These closures are a more sustainable alternative to traditional closures made from fossil fuels.September 2023: Amcor partners with a recycling company to develop a closed-loop recycling system for caps and closures. This system will help to increase the recycling rate for caps and closures.

Caps and Closures Market Segmentation

Caps and Closures Material Type Outlook

• Plastic


• Metal


• others

Caps and Closures Type Outlook

• Plastic caps


• closures


• Roll-on balls


• Other Caps and Closures

Caps and Closures End-Use Industry Outlook

• Food


• Beverage


• Packaged water bottles


• Pharmaceutical


• Cosmetics


• Automotive


• Others

Caps and Closures Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America