Plastic Caps and Closures Market Overview
Plastic is the largest raw material segment of the caps & closures market and across the packaging industry. The manufacturing industries and factories are intensively investing in the plastic caps and closures industry as the demand for a longer life expectancy and economical option is highly preferred. Although there are several materials in the caps and closures such as glass, rubber, metal, elastomers, and so on, the demand for the plastic caps and closures are significantly rising owing to their flexibility in the manufacturing sector and their adaptive nature according to the demand of the varied end-user industries.
Some of the potential benefits of the plastic caps and closures over other materials such as cost-effectiveness, lower weight impact, and compatibility with several materials make them suitable for a wide range of end-user industries such as food, beverage, healthcare, personal care, industrial, and home care industries. Among other potential industries, beverages are expected to dominate the market share as the plastic caps and closures are intensively utilized by almost every leading beverage industry. The plastic caps and closures are efficient in retaining the taste and texture of these beverages which is considered as the major driver of plastic caps and closures market growth.
COVID 19 Analysis
The COVID 19 pandemic has created a huge economic shock in several industrial verticals. The supply and demand disruption and other factors have reduced the production rate and other key business operations. However, the demand for the food and beverage industry and the pharmaceutical industry were rapidly increasing during the pandemic, which has stimulated the plastic caps and closures market growth. The processed and fresh food were packed inefficient packaging with the plastic caps and closures, the beverages of both non-alcoholic and alcoholic were also utilizing the plastic caps and closures intensively. Such factors have fuelled the overall growth of plastic caps and closures during the pandemic.
Plastic Caps and Closures Market Dynamics
The demand for convenient packaging and enhanced functionality or user-friendly packages and bottles are considered as the major driver of plastic caps and closures market growth. Moreover, the demand for better product safety and secure sealing are also propelling the plastic caps and closures market growth.
The increasing demand for cosmetics and makeup across the developed region which utilizes the pump closures and dispensing closures are the major market drivers of the plastic caps and closures industry. The demand for cosmetics, skincare, beverages, and healthcare are some of the rapidly rising with the favorable economic condition of the end-consumers. Such factors are increasing the overall growth of the plastic caps and closures industry.
The developing economic condition of the countries such as China, India, Brazil is witnessing higher demand for plastic caps and closures owing to the inclination towards a sophisticated lifestyle of the consumers and their preferences for convenience and hygiene.
The increasing demand for the pharmaceutical industry owing to the increasing incidences of chronic illness and the development in the healthcare industry are presenting lucrative opportunities for the overall growth of the plastic caps and closures industry. The drugs and medicines get contaminated readily and could lead to huge losses. Such factors are expected to propel the overall growth of the plastic caps and closures industry. Moreover, the advent of well-engineering caps and closures such as plastic screw closures are considered as cost-effective and are effective in sealing while they also comply with the regulations imposed by the government organizations.
The plastic caps and closures are considered to be a major negative factor for environmental welfare. The marine ecosystem and the environmental instability are caused due to plastic closures and caps. Therefore the manufacturers are stumbling in handling the regulations imposed upon them.
The demand for the pouches and alternative options that are considered to be more suitable for the applications are expected to hinder the plastic caps and closures market demand. These pouches and blister packages significantly reduce the manufacturing costs of the plastic caps and closures while providing efficient packaging are considered as the major restraint of plastic caps and closures market growth.
The changing preferences of the end-users and consumers are significantly affecting the plastic caps and closures market growth. The majority of consumers prefer fresh juices over bottled beverages and carbonated drinks. Therefore the slower sales performance of the soft drinks is significantly reducing the plastic caps and closures market value.
The stringent regulations imposed by the government of the developed countries, which is primarily due to the material used are expected to hinder the plastic caps and closures market growth during the forecast period.
Cumulative growth analysis
The market value of the plastic caps and closures industry was at USD 44.3 billion in the year 2020 and it is expected to surpass the market value of over USD 57.0 billion by the year 2025 while registering a CAGR of 5.2% during the forecast period. The growth estimate is done because of the increasing demand for bottled water and the convenience that it offers. On the other hand, the factors such as product safety measures, product differentiation, and branding, and ergonomic package sizes are impacting the overall growth of the plastic caps and closures industry in recent years. Similarly, the changing lifestyle of a huge population across the globe, especially across the developed regions is impacting the plastic caps and closures market growth. The busy lifestyle has increased the overall demand for packaged food and beverages.
The advent of fast food and evolving food industry has brought in the requirement of efficient storage for condiments and sauces and other essential food options. For instance, the demand for bottled water, carbonated drinks, and sauces such as mayo, ketchup, and other condiments are stored and shipped in convenient packaging that utilizes plastic caps and closures.
Plastic Caps and Closures Market Value chain analysis
The manufacturers of plastic cps and closures are developing efficient packaging solutions to improve business processes. The tamper-evident plastic caps and closures are gaining momentum in recent years as they are efficient during traveling and they are considered to most efficient and consume lesser manufacturing time and require minimal manufacturing costs. The demand for plastic containers is rising as they are comparatively economical and convenient such factors aid the overall growth of the plastic caps and closures industry as well.
Especially, PP plastics are gaining momentum across the industrial sectors as they offer higher resistance against harsh chemicals; they are utilized to store washing and cleaning chemicals. The anti-corrosive property and durability with minimal drawbacks propel the end-user industries such as manufacturers of cleaning powders and liquids and bleaches. On the other hand, the pharmaceutical industry seems to be more promising concerning the growth of plastic caps and the closures industry. The demand for pharmaceutical products and drugs is rapidly rising and the risk of them getting easily contaminated in the case of poor, inefficient packaging has presented lucrative opportunities for the overall growth of the plastic caps and closures industry.
Plastic Caps and Closures Market Segment overview
Based on Type:
Based on End-use Industry:
Cosmetics & toiletries
Based on container type:
Based on raw material:
APAC is expected to hold the largest caps & closures market value during the forecast period, due to the factors such as improving the standard of living, increasing per capita income, hectic lifestyle of the consumers present in the region, and favorable economic growth across the region. Especially the countries such as Indonesia, Malaysia, and Singapore are presenting lucrative opportunities for the plastic caps and closures market growth during the forecast period. Also, the leading manufacturing facilities across the region, including China, which is the major manufacturing hub and supplies to major parts of the world are propelling the plastic caps and closures market growth in recent years.
Similarly, North America and other parts of the U.S are also presenting healthy growth expectations in the plastic caps and closures industry, due to the economic condition and the inclination towards packaged food and beverages.
List of the key major companies in the Plastic Caps and Closures Market are
Coral Products (UK)
Silgan Holdings (US)
O.Berk Company, LLC (US)
Guala Closures (Italy)
United Caps (Luxembourg)
Caps & Closures Pty Ltd. (Australia)
Caprice Australia Pty Ltd. (Australia)
Pano Caps Limited (Canada)
Plastic Closures Ltd. (UK)
Cap & Seal Pvt. Ltd. (India)
In the year 2020, one of the leading market players, Silgan closures, has introduced a one-piece 55 mm KS2 plastic closure which was primarily designed for the five-gallon and three-gallon Home and office delivery water bottles. Some of the key features of the closures are they possess a pierceable shell design that eliminates spillage and the right mixture of resins that eliminates cracking of the closure.
In the year 2018, one of the leading market players, Crown Food Europe has brought in a capping solution that was designed for the food industry, to reduce the costs of ownership.
This report has covered
Based on Type
Based on End-use Industry
Cosmetics & toiletries
Based on container type
Based on raw material
| Market Size
| 2030: USD 61.71 Billion
| 5.20% CAGR (2022-2030)
| Base Year
| Forecast Period
| 2022 to 2030
| Historical Data
| 2019 & 2020
| Forecast Units
| Value (USD Million)
| Report Coverage
| Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
| Segments Covered
| Type , Material and End-User
| Geographies Covered
| North America, Europe, Asia-Pacific, and Rest of the World (RoW)
| Key Vendors
| Amcor Limited (Australia), Silgan Holdings Inc. (U.S.), Global Closure Systems (France), Comar LLC (U.S.), AptarGroup (U.S.), Alcoa Corporation (U.S.), TriMas (U.S.), Phoenix Closures, Inc. (U.S.), J.L. CLARK (U.S.), Guala Closures Group (India),
| Key Market Opportunities
| Concerns regarding quality and safety in the food and beverage industry
| Key Market Drivers
|Growing demand for food and beverage industry Innovation in Packaging Industry
Plastic Caps Closures Market Highlights:
Frequently Asked Questions (FAQ) :
The market value of plastic caps and closures market value was at USD 44.3 billion in the year 2020 and it is expected to surpass the market value of over USD 57.0 billion by the year 2025 while registering a CAGR of 5.2% during the forecast period.
The eminent players are Amcor Limited (Australia), Silgan Holdings Inc. (U.S.), Global Closure Systems (France), Comar LLC (U.S.), AptarGroup (U.S.), Alcoa Corporation (U.S.), TriMas (U.S.), Phoenix Closures, Inc. (U.S.), J.L. CLARK (U.S.), and Guala Closures Group (India).
The plastic caps and closures market is assessed to be valued at USD 61.71 Bn.
By material, the segments are polyethylene, polypropylene, and polystyrene.
The segments of plastic caps and closures market, by type, are dispensing caps, screw caps, and closures.
The end-user segments of plastic caps and closures market are food and beverages, personal care, pharmaceutical, and others.
The food & beverage segment is projected to dominate the plastic caps and closures market.
Key Questions Answered
Request Free Sample
- ✅Global Market Outlook
- ✅In-depth analysis of global and regional trends
- ✅Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅To understand the capability of the major players based on products offered, financials, and strategies.
- ✅Identify disrupting products, companies, and trends.
- ✅To identify opportunities in the market.
- ✅Analyze the key challenges in the market.
- ✅Analyze the regional penetration of players, products, and services in the market.
- ✅Comparison of major players’ financial performance.
- ✅Evaluate strategies adopted by major players.
Why Choose Market Research Future?
Speak to Analyst
- ✅Vigorous research methodologies for specific market.
- ✅Knowledge partners across the globe
- ✅Large network of partner consultants.
- ✅Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- ✅Trusted by fortune 500 companies/startups/universities/organizations
- ✅Large database of 5000+ markets reports.
- ✅Effective and prompt pre- and post-sales support.