+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Caps and Closures - Global Market Trajectory & Analytics

  • ID: 338538
  • Report
  • January 2021
  • Region: Global
  • 380 Pages
  • Global Industry Analysts, Inc
Global Caps and Closures Market to Reach $73.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Caps and Closures estimated at US$ 51.2 Billion in the year 2020, is projected to reach a revised size of US$ 73.9 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Plastic, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$ 52.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metal segment is readjusted to a revised 4.9% CAGR for the next 7-year period.





The U.S. Market is Estimated at $12.6 Billion, While China is Forecast to Grow at 7.1% CAGR

The Caps and Closures market in the U.S. is estimated at US$ 12.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 11.7 Billion by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Other Materials Segment to Record 4.6% CAGR

In the global Other Materials segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 3 Billion in the year 2020 will reach a projected size of US$ 4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 11.4 Billion by the year 2027, while Latin America will expand at a 5.5% CAGR through the analysis period.

Select Competitors (Total 80 Featured):

  • Amocor Limited
  • AptarGroup, Inc.
  • Bericap GmbH Co. & KG
  • Berry Global, Inc.
  • Crown Holdings, Inc.
  • Guala Closures SpA
  • Reynolds Group Holdings Limited
  • RPC Group PLC
  • Silgan Holdings, Inc.
Frequently Asked Questions about the Global Market for Caps and Closures

What is the estimated value of the Global Market for Caps and Closures?

The Global Market for Caps and Closures was estimated to be valued at $51.2 Billion in 2020.

What is the growth rate of the Global Market for Caps and Closures?

The growth rate of the Global Market for Caps and Closures is 5.4%, with an estimated value of $73.9 Billion by 2027.

What is the forecasted size of the Global Market for Caps and Closures?

The Global Market for Caps and Closures is estimated to be worth $73.9 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • A Prelude to Caps and Closures
  • Impact of COVID-19 on the Global Caps and Closures Market
  • Current and Future Market Prospects for Global Caps and Closures Market
  • Advent of Sustainable Technologies Fuel Demand for Caps and Closures
  • Asia-Pacific Region Dominates the Global Caps and Closures Market
  • Plastic Caps and Closures - The Predominant Segment
  • Food & Beverage Sector: The Largest End-Use Market
  • Pharmaceuticals - The Fastest Growing End-user of Caps and Closures
  • Competition

2. FOCUS ON SELECT PLAYERS
  • Recent Market Activity
  • WORLD BRANDS

3. MARKET TRENDS & DRIVERS
  • Increasing Consumption of Food and Beverages Worldwide Drives Growth of Caps and Closures Market
  • EXHIBIT 1: Global Beverage Consumption by Type (2020E): Percentage Breakdown for Beer & Cider; Bottled Water; CSDs; Dairy; Hot Drinks; Juice, Nectars and Still Drinks; Sports/Energy; Wine/Spirits, and Others
  • EXHIBIT 2: Global Non-Alcoholic Beverages Market by Type (2020E): Percentage Breakdown of Value Sales for Bottled Water, Carbonated Soft Drinks (CSDs), Fruit/Vegetable Juices, RTD Tea, and Sports/Energy Drinks
  • Healthy Beverages and Packaged Water Witness Spiraling Consumption, Driving the Demand for Caps and Closures
  • Driven by the Surging Popularity of PET, Plastic Caps and Closures Dominates Beverage Sector
  • Growing Demand for Beverage Cans Drive Healthy Market Growth for Metal Caps and Closures
  • Aluminum Caps and Closures Market Witnesses Rapid Growth
  • Rising Sales of Alcoholic Beverages Provides the Perfect Platform for Market Growth
  • Sustainability Revolution Drives Adoption of Eco-Friendly Caps and Closures Beverage Packaging
  • Lightweight Packaging to Boost Demand for Caps and Closures
  • Strong Rise in Pharmaceutical Sales to Drive Demand for Caps and Closures in Pharmaceutical Sector
  • EXHIBIT 3: Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Rapid Growth of Generic Drugs Augurs Well for Caps and Closures Market
  • EXHIBIT 4: Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2020 & 2025
  • Increasing Significance of Biologic Drugs Fuels Demand for Caps and Closures
  • EXHIBIT 5: Global Biologic Drugs Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
  • COC Gains Popularity as a Preferred Plastic Raw Material
  • Macro Growth Factors Impacting Caps and Closures Market
  • Expanding Global Population
  • EXHIBIT 6: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, and 2050
  • Aging Population and Millennial Generation Consumers
  • EXHIBIT 7: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • EXHIBIT 8: Millennial Population as a Percentage (%) of Total Population in Developing Countries: 2018
  • Increasing Burden of Chronic Disease to Drive the Demand for Caps and Closures for Pharmaceuticals
  • EXHIBIT 9: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Rapid Pace of Urbanization
  • EXHIBIT 10: World Urban Population in Thousands: 1950-2050P
  • Ballooning Middle Class Population
  • EXHIBIT 11: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • EXHIBIT 12: Global Middle Class Spending (in US$ Trillion) by Geographic Region
  • Changing Lifestyles & Demographic Structure

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 111
Note: Product cover images may vary from those shown