image

Caps & Closures Market Report Scope & Overview:

The Caps & Closures Market size was USD 73.87 billion in 2022 and is expected to Reach USD 108.32 billion by 2030 and grow at a CAGR of 4.9 % over the forecast period of 2023-2030.

The Caps & Closure market is involved in the production as well as supply of caps and closures-related packaging solutions to various types of industries such as pharmaceuticals, food industry, alcohol packaging, and beer industry. Caps and closures are protective barriers to stop getting products exposed to direct sunlight, air, and water which can damage the product. Plastic is the major raw material used in caps & closures followed by metal, glass, rubber, and many other materials.

Caps & Closures Market Revenue Analysis

Get More Information on Caps & Closures Market - Request Sample Report

There is high demand for caps and closures in the food and beverage industry as there is a high risk of products getting damaged. People’s awareness about healthy lifestyles is also rising the demand for this industry. A wide range of caps and closures is available based on types and safety such as screw caps and pump closures.

There is high competition in this market from MNCs to small manufacturers. In the pharmaceutical industry, the need for caps and closures packaging is high for public health and safety.

Overall, the caps & closure market is vast and is growing its demand in upcoming years, due to the high need for end-use industries.

MARKET DYNAMICS

KEY DRIVERS:

  • Technological advancements in the packaging sector

This is the major driver for the caps & closure market. Investment in technology and research and development has allowed companies to innovate new products and not stick to traditional ways of packaging products. Innovation also attracts the consumer market, as the market is always in demand for new products. Research and development have brought up products that are more beneficial in regard to safety, and shelf life and are reusable. Thus, rapid technological innovation is a key driver for the growth of the caps & closure market.

RESTRAIN:

Substitutes products available in the market for caps and closure is major restrain. Pouches and blister packaging have many benefits to manufacturers. They reduce the cost of production. FMCG companies opt for pouch packaging because it causes convenience to customers.

  • Fluctuation in prices of raw materials

OPPORTUNITY:

  • Emerging market in the Asia-Pacific region

Asia-Pacific region is likely to grow the market for caps & closures due to an increase in the food and beverage industry. In terms of value market for caps and closure is also high. Packaged drinking water need is also high in the APAC region. There is also an emerging market for the e-commerce sector which will be in high demand for caps and closures required for the packaging of products and delivery.

  • Pharmaceutical Industry needs for caps and closures.

CHALLENGES:

  • Recycling Challenges

Sustainability is also a major challenge to this market. Making sustainable products that can give the same performance is difficult for this market. This will require huge investments in technology and research which is adding more cost to the manufacturing industry for this market. Recycling various materials used to prepare caps and closures is also difficult. Waste materials needed to be segregated before recycling which is a complex process.

  • Government rules and regulations

IMPACT OF ONGOING RECESSION

During the recession period, the demand for caps and closure market decreased as the consumer buying behaviour changed, consumer tends not to waste money in buying products that can affect their income. Hence food and beverage industry show a decline and a result of which caps and closure market also show a decline. As a result of the recession, there are low sales and low revenue generated.

In the recession, there is a delay in research and innovation, which will stop the development of new caps and closure products, hence overall growth of the market is affected.

IMPACT OF COVID-19

The global Gable Top Caps and Closure market has been significantly impacted by the COVID-19 pandemic, with many businesses now having to contend with supply chain issues, decreased demand, and financial constraints. However, it is projected that the industry would gradually recover as countries loosen their prohibitions on shutdowns and enterprises resume operations. The market for Gable Top Caps and Closure is expected to grow in the approaching years as a consequence of the developing e-commerce and digital marketing trends. The use of cutting-edge technologies like artificial intelligence and machine learning, as well as the expanding popularity of cloud-based solutions, are other factors that are expected to contribute to the market's continued growth.

KEY MARKET SEGMENTS

By Raw Material

  • Plastic

  • Metal

  • Others

By Product type

  • Roll-On Balls

  • Plastic Caps

  • Closures

  • Other Caps

By End Use

  • Food

  • Pharmaceutical

  • Cosmetics

  • Beverage

  • Automotive

  • Packaged Water Bottle

  • Others

Caps & Closures Market Segmentation Analysis

Get Customized Report as per Your Business Requirement - Request For Customized Report

REGIONAL ANALYSIS

Asia Pacific region will be the largest growing market for caps and closures. The market in developing countries such as India will grow at the fastest CAGR during forecast period. The demand for food and beverage in populous countries like India and China, is driving the market. In countries like Japan and Korea, the demand for cosmetic products packaging and hygienic products is increasing which is growing the market for caps and closures.

North American region is the second largest emerging market for caps and closures due to increased beverage consumption.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin American   

Key players:

Some of the major players in the Caps & Closures Market are Crown Holding Inc, Amcor Plc, Nippon Closures Co Ltd, Weener Plastics, Secure Industries Private Limited, UNITED CAPS, Guala Closures S.p.A, Aptar Group, Berry Global Inc, Samhwa Crown & Closure, and other players.

Nippon Closures Co Ltd-Company Financial Analysis

Caps & Closures Market Report Scope:
Report Attributes Details
Market Size in 2022  US$  73.87  Bn
Market Size by 2030  US$ 108.32 Bn
CAGR   CAGR of 4.9% From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Raw material (Plastic, Metal, Others)
• By Product Type (Roll-On Balls, Plastic Caps, Closures, Other Caps)
• By End Use (Food, Pharmaceutical, Cosmetics, Beverage, Automotive, Packaged Water Bootle, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Crown Holding Inc, Amcor Plc, Nippon Closures Co Ltd, Weener Plastics, Secure Industries Private Limited, UNITED CAPS, Guala Closures S.p.A, Aptar Group, Berry Global Inc, Samhwa Crown & Closure
Key Drivers • Technological advancements in the packaging sector
Market Opportunities • High market in the Asia-Pacific region

 

Frequently Asked Questions

Ans: The Caps & Closures Market is expected to grow at a CAGR of 4.9 % over the forecast period of 2023-2030.

Ans: The Caps & Closures Market size was USD 73.87 billion in 2022 and is expected to Reach USD 108.32 billion by 2030 over the forecast period of 2023-2030.

Ans: Some of the leading players in the Caps & Closure market are Samhwa Crown & Closure, Crown Holding Inc, Amcor Plc, Weener Plastics, Secure Industries Private Limited, UNITED CAPS, Guala Closures S.p.A, Aptar Group, Berry Global Inc, Nippon Closures Co Ltd.

Ans: Asia Pacific region will dominate the Caps & Closure Market, followed by North American region during our forecast period.

Ans: Technological advancements in the packaging sector and Increase in demand for the food and beverage industry are the major drivers for the Caps & Closure Market.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ongoing Recession
4.2 Impact of Covid-19

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Caps & Closure Market Segmentation, By Raw Material
8.1 Plastic
8.2 Metal
8.3 Others

9. Caps & Closure Market Segmentation, By Product Type
9.1 Roll-On Balls
9.2 Plastic Caps
9.3 Closures
9.4 Other Caps

10. Caps & Closure Market Segmentation, By End Use
10.1 Food
10.2 Pharmaceutical
10.3 Cosmetics
10.4 Beverage
10.5 Automotive
10.6 Packaged Water Bottle
10.7 Others

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Caps & Closure  Market by Country
11.2.2North America Caps & Closure  Market By Raw Material
11.2.3 North America Caps & Closure  Market By Product Type
11.2.4 North America Caps & Closure  Market By End Use
11.2.6 USA
11.2.6.1 USA Caps & Closure  Market By Raw Material
11.2.6.2 USA Caps & Closure  Market By Product Type
11.2.6.3 USA Caps & Closure  Market By End Use
11.2.7 Canada
11.2.7.1 Canada Caps & Closure  Market By Raw Material
11.2.7.2 Canada Caps & Closure  Market By Product Type
11.2.7.3 Canada Caps & Closure  Market By End Use
11.2.8 Mexico
11.2.8.1 Mexico Caps & Closure  Market By Raw Material
11.2.8.2 Mexico Caps & Closure  Market By Product Type
11.2.8.3 Mexico Caps & Closure  Market By End Use
11.3 Europe
11.3.1 Europe Caps & Closure  Market by Country
11.3.2 Europe Caps & Closure  Market By Raw Material
11.3.3 Europe Caps & Closure  Market By Product Type
11.3.4 Europe Caps & Closure  Market By End Use
11.3.6 Germany
11.3.6.1 Germany Caps & Closure  Market By Raw Material
11.3.6.2 Germany Caps & Closure  Market By Product Type
11.3.6.3 Germany Caps & Closure  Market By End Use
11.3.7 UK
11.3.7.1 UK Caps & Closure  Market By Raw Material
11.3.7.2 UK Caps & Closure  Market By Product Type
11.3.7.3 UK Caps & Closure  Market By End Use
11.3.8 France
11.3.8.1 France Caps & Closure  Market By Raw Material
11.3.8.2 France Caps & Closure  Market By Product Type
11.3.8.3 France Caps & Closure  Market By End Use
11.3.9 Italy
11.3.9.1 Italy Caps & Closure  Market By Raw Material
11.3.9.2 Italy Caps & Closure  Market By Product Type
11.3.9.3 Italy Caps & Closure  Market By End Use
11.3.10 Spain
11.3.10.1 Spain Caps & Closure  Market By Raw Material
11.3.10.2 Spain Caps & Closure  Market By Product Type
11.3.10.3 Spain Caps & Closure  Market By End Use
11.3.11 The Netherlands
11.3.11.1 Netherlands Caps & Closure  Market By Raw Material
11.3.11.2 Netherlands Caps & Closure  Market By Product Type
11.3.11.3 Netherlands Caps & Closure  Market By End Use
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Caps & Closure  Market By Raw Material
11.3.11.2 Rest of Europe Caps & Closure  Market By Product Type
11.3.11.3 Rest of Europe Caps & Closure  Market By End Use
11.4 Asia-Pacific
11.4.1 Asia Pacific Caps & Closure  Market by Country
11.4.2 Asia Pacific Caps & Closure  Market By Raw Material
11.4.3 Asia Pacific Caps & Closure  Market By Product Type
11.4.4Asia Pacific Caps & Closure  Market By End Use
11.4.6 Japan
11.4.6.1 Japan Caps & Closure  Market By Raw Material
11.4.6.2 Japan Caps & Closure  Market By Product Type
11.4.6.3 Japan Caps & Closure  Market By End Use
11.4.7 South Korea
11.4.7.1 South Korea Caps & Closure  Market By Raw Material
11.4.7.2 South Korea Caps & Closure  Market By Product Type
11.4.7.3 South Korea Caps & Closure  Market By End Use
11.4.8 China
11.4.8.1 China Caps & Closure  Market By Raw Material
11.4.8.2 China Caps & Closure  Market By Product Type
11.4.8.3 China Caps & Closure  Market By End Use
11.4.9 India
11.4.9.1 India Caps & Closure  Market By Raw Material
11.4.9.2 India Caps & Closure  Market By Product Type
11.4.9.3 India Caps & Closure  Market By End Use
11.4.10 Australia
11.4.10.1 Australia Caps & Closure  Market By Raw Material
11.4.10.2 Australia Caps & Closure  Market By Product Type
11.4.10.3 Australia Caps & Closure  Market By End Use
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Caps & Closure  Market By Raw Material
11.4.11.2 APAC Caps & Closure  Market By Product Type
11.4.11.3 APAC Caps & Closure  Market By End Use
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Caps & Closure  Market by Country
11.5.2 The Middle East & Africa Caps & Closure  Market By Raw Material
11.5.3 The Middle East & Africa Caps & Closure  Market By Product Type
11.5.4The Middle East & Africa Caps & Closure  Market By End Use
11.5.6 Israel
11.5.6.1 Israel Caps & Closure  Market By Raw Material
11.5.6.2 Israel Caps & Closure  Market By Product Type
11.5.6.3 Israel Caps & Closure  Market By End Use
11.5.7 UAE
11.5.7.1 UAE Caps & Closure  Market By Raw Material
11.5.7.2 UAE Caps & Closure  Market By Product Type
11.5.7.3 UAE Caps & Closure  Market By End Use
11.5.8 South Africa
11.5.8.1 South Africa Caps & Closure  Market By Raw Material
11.5.8.2 South Africa Caps & Closure  Market By Product Type
11.5.8.3 South Africa Caps & Closure  Market By End Use
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Caps & Closure  Market By Raw Material
11.5.9.2 Rest of Middle East & Asia Caps & Closure  Market By Product Type
11.5.9.3 Rest of Middle East & Asia Caps & Closure  Market By End Use
11.6 Latin America
11.6.1 Latin America Caps & Closure  Market by Country
11.6.2 Latin America Caps & Closure  Market By Raw Material
11.6.3 Latin America Caps & Closure  Market By Product Type
11.6.4 Latin America Caps & Closure  Market By End Use
11.6.6 Brazil
11.6.6.1 Brazil Caps & Closure  Market By Raw Material
11.6.6.2 Brazil Africa Caps & Closure  Market By Product Type
11.6.6.3 Brazil Caps & Closure  Market By End Use
11.6.7 Argentina
11.6.7.1 Argentina Caps & Closure  Market By Raw Material
11.6.7.2 Argentina Caps & Closure  Market By Product Type
11.6.7.3 Argentina Caps & Closure  Market By End Use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Caps & Closure  Market By Raw Material
11.6.8.2 Rest of Latin America Caps & Closure  Market By Product Type
11.6.8.3 Rest of Latin America Caps & Closure  Market By End Use

12 Company Profile
12.1 Crown Holding Inc
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Products/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Amcor Plc
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Products/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Nippon Closures Co Ltd
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Products/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Weener Plastics
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Products/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Secure Industries Private Limited
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Products/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 UNITED CAPS
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Products/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Guala Closures S.p.A
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Products/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Aptar Group
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Products/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Berry Global Inc
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Samhwa Crown & Closure
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments

14. USE Cases and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone