Press Releases

Caps And Closures Market Size to Worth Around USD 148,699.6 Mn by 2030

The worldwide Caps And Closures market measurement is anticipated to achieve USD 148,699.6 million by 2030 and is anticipated to increase at a CAGR of 6.0% from 2021 to 2030.

Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/38616

Growth Factors

 The market is projected to be driven by the growth in the food & beverage industry across the globe, contributing to an increased usage of packaging products.

Rising coutterfeiting activities in the alcoholic beverages market are likely to boost demand for anti-tamper or tamper-evident closure. For instance, Everledger launched a new line of anti-tamper closures for wine and spirit bottles in April 2020, wherein the bottle cap is provided with Near Field Communication (NFC)-powered tamper detection label. The label, in turn, will allow the beverage manufacturer to track the bottle during shipping. This is anticipated to fuel the need for tamper-evident bottle closures of alcoholic beverages.

Report Coverage

Report Scope Details
Market Size USD 148,699.6 million by 2030
Growth Rate CAGR of 6.0% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Material, Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Crown; Amcor plc; Closure Systems International; Ball Corp.; Silgan Holding, Inc.; Berry Global, Inc.; AptarGroup, Inc.; BERICAP; Nippon Closures Co. Ltd.; Sonoco Products Company

Report Highlights

The plastic segment hold the greatest market share of over 55% in 2020, in terms of revenue, and is estimated to expand further at the fastest CAGR over the forecast period. Plastic material poses environmental concerns due to lower degradability as well as CO2 emissions taking place during its production.

Metal, on the other hand, is more sustainable and durable as compared to plastic material and therefore gaining traction in the market. Metal closures are widely used for covering beverage glass bottles, metal cans of food products, as well as bottles of pharmaceuticals. Other materials, such as glass and wood, are gaining popularity as these materials offer robust sealing solutions as well as provide aesthetic appeal to the packaging.

The food segment accounted to hold the hugest revenue share of over 28% in 2020 and will retain the leading position throughout the forecast period. Rising consumption of packaged food products, Ready-To-Eat (RTE) meals, and on-the-go snacks is anticipated to drive the segment growth over the forecast period.

In the pharmaceutical segment, caps & closures are used for sealing bottles and cans of drugs, supplements, saline bottles, and vaccine vials among others. The growing demand for senior-friendly as well as child-resistant closures that minimize the incidences of accidental ingestion of Over-The-Counter (OTC) medications by infants and children is expected to augment the demand for caps & closures in this segment over the forecast period.

The cosmetics & toiletries segment is projected to register the fastest CAGR of more than 5.6% during the forecast years. The growing usage of various cosmetics is expected to propel the demand for cosmetic packaging products.

Other applications include paints, home care products, and insect repellents. Home care products include laundry and dishwashing detergents, floor cleaners, surface cleaners, and toilet cleaners.

The dispensing caps segment hold the largest revenue share of over 35% in 2020 and will register the fastest CAGR during the forecast period. Dispensing caps of various types including pumps, triggers, and flip flops among others, are used in a majority of end-use industries, such as food, cosmetics, pharmaceutical, and automotive.

Screw caps are the caps containing threading inside the cap that is necessary to seal the container closely. Metal screw caps are widely used for bottles of cough syrups, tonics, or tablets.Crown closures are primarily made up of metal and have crown-like structures. Crown closures are predominantly used for glass bottles of beer, energy drinks, and soft drinks.

Asia Pacific was the largest regional market in 2020 accounted for a revenue share of over 42% in 2020. The regional market is likely to expand further at the fastest CAGR over the forecast period.

North America hold a significant revenue share in 2020 due to the increased consumption of alcoholic and non-alcoholic beverages in countries, such as the U.S. and Canada. The introduction of new types of beverages in the region is expected to further accelerate demand for its packaging products.

Central and South America held a comparatively lower market share in 2020. However, it is likely to grow rapidly with rapid urbanization and rising spending on consumer goods in countries, such as Brazil.

Key Players

  • Crown
  • Amcor plc
  • Closure Systems International
  • Ball Corp.
  • Silgan Holding, Inc.
  • Berry Global, Inc.
  • AptarGroup, Inc.
  • BERICAP
  • Nippon Closures Co. Ltd.
  • Sonoco Products Company

Market Segmentation

  • Material
    • Plastic
    • Metal
    • Others
  • Product
    • Dispensing Caps
    • Screw Closures
    • Crown Closures
    • Aerosol Closures
    • Others
  • Application
    • Food
    • Beverages
      • Functional Beverages
        • CBD Beverages
    • Healthcare
    • Cosmetics & Toiletries
    • Automotive
    • Pharmaceutical
      • Dietary Supplements
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
    • Central & South America (CSA)
      • Brazil
    • Middle East & Africa (MEA)
      • Saudi Arabia

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38616

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Caps And Closures Market, By Material

7.1.  Caps And Closures Market, by Material, 2021-2030

7.1.1.    Plastic

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Metal

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Others

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Caps And Closures Market, By Product

8.1.  Caps And Closures Market, by Product, 2021-2030

8.1.1.    Dispensing Caps

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Screw Closures

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Crown Closures

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Aerosol Closures

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Caps And Closures Market, By Application

9.1.  Caps And Closures Market, by Application, 2021-2030

9.1.1.    Food

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Beverages

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Healthcare

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Cosmetics & Toiletries

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Automotive

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Pharmaceutical

9.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Caps And Closures Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Material (2017-2030)

10.1.2.  Market Revenue and Forecast, by Product (2017-2030)

10.1.3.  Market Revenue and Forecast, by Application (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Material (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Material (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Material (2017-2030)

10.2.2.  Market Revenue and Forecast, by Product (2017-2030)

10.2.3.  Market Revenue and Forecast, by Application (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Material (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Material (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Material (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Material (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Material (2017-2030)

10.3.2.  Market Revenue and Forecast, by Product (2017-2030)

10.3.3.  Market Revenue and Forecast, by Application (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Material (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Material (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Material (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Material (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Material (2017-2030)

10.4.2.  Market Revenue and Forecast, by Product (2017-2030)

10.4.3.  Market Revenue and Forecast, by Application (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Material (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Material (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Material (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Application (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Material (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Application (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Material (2017-2030)

10.5.2.  Market Revenue and Forecast, by Product (2017-2030)

10.5.3.  Market Revenue and Forecast, by Application (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Material (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Application (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Material (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Application (2017-2030)

Chapter 11.  Company Profiles

11.1.              Crown

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Amcor plc

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Closure Systems International

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Ball Corp.

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Silgan Holding, Inc.

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Berry Global, Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              AptarGroup, Inc.

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              BERICAP

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Nippon Closures Co. Ltd.

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Sonoco Products Company

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38616

Contact Us:

Vision Research Reports

Call: +1 9197 992 333

Email: sales@visionresearchreports.com

Show More

Related Articles

Back to top button