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Caps and Closures - Global Market Trajectory & Analytics

  • ID: 338538
  • Report
  • February 2022
  • Region: Global
  • 441 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Amcor plc
  • AptarGroup, Inc.
  • BERICAP GmbH & Co. KG
  • Berry Global Inc.
  • Crown Holdings, Inc.
  • Guala Closures S.p.A

Global Caps and Closures Market to Reach $69.7 Billion by 2026


Caps and closures are very essential in the packaging sector as they are used to close or seal the containers such as jars, cans, bottles, and tubes. Caps and closures offer convenience, enhancing visual appeal, and facilitating brand diversification. Caps and closures are preferred for their stress crack, creep resistance, impact performance and sealability properties, as well as excellent odor and taste restraining properties. Global demand will be led by rapidly expanding market for packaged goods and rising concerns over product safety and quality. 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$69.7 Billion by 2026, growing at a CAGR of 5.4% over the analysis period. Plastic Caps and Closures, 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 a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metal Caps and Closures segment is readjusted to a revised 4.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $12.9 Billion in 2021, While China is Forecast to Reach $10.8 Billion by 2026


The Caps and Closures market in the U.S. is estimated at US$12.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.8 Billion by the year 2026 trailing a CAGR of 7.1% over the analysis period. Europe represents the largest regional market accounting for an estimated 25.9% share of the global total in 2020. The market, estimated at US$13.3 Billion in 2020 is projected to reach US$16.7 Billion by 2026. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.2% respectively over the analysis period. An important growth driver in these regional markets is the increasing demand for sports drinks, which is gaining popularity among the rapidly expanding health-conscious consumer base. A number of companies are offering sports drinks in ready-to-drink format, which in turn leads to greater demand for caps and closures suitable for such packaging.

Metal Caps and Closures Segment to Reach $14.9 Billion by 2026


Metal has been in use as a packaging material for storage and preservation of perishable products since time immemorial. The material accounts for about 23.3% of the global beverage packaging materials market. Newer technologies of shaping, embossing and adding decorative finishes to the final product, which surfaced over the years, have only resulted in making metal more adaptable. Given their ability to maintain taste and quality, metal screw caps are currently used in wine and white wines bottles. Advent of advanced metal closures and dispensing caps is expected to fuel growth in this segment. Global market for Metal Caps and Closures is estimated at US$11.3 Billion in 2020, and is projected to reach US$14.9 Billion by 2026 reflecting a compounded annual growth rate of 4.9% over the analysis period. Europe constitutes the largest regional market for Metal segment, accounting for 26.2% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 6.5% over the analysis period, to reach US$1.9 Billion by the year 2026.

Select Competitors (Total 441 Featured) -

  • Amcor plc
  • AptarGroup, Inc.
  • BERICAP GmbH & Co. KG
  • Berry Global Inc.
  • Closure Systems International, Inc.
  • Crown Holdings, Inc.
  • Guala Closures S.p.A
  • Manaksia Limited
  • RPC Bramlage Division GmbH & Co.KG
  • 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 5.3%, with an estimated value of $69.7 Billion by 2026.

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 $69.7 Billion by 2026.

Who are the key companies in the Global Market for Caps and Closures?

Key companies in the Global Market for Caps and Closures include Amcor plc, AptarGroup, Inc., BERICAP GmbH & Co. KG, Berry Global Inc., Closure Systems International, Inc., Crown Holdings, Inc., Guala Closures S.p.A, Manaksia Limited and Silgan Holdings Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amcor plc
  • AptarGroup, Inc.
  • BERICAP GmbH & Co. KG
  • Berry Global Inc.
  • Crown Holdings, Inc.
  • Guala Closures S.p.A

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Caps and Closures - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude to Caps and Closures
  • Impact of Covid-19 and a Looming Global Recession
  • 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
  • Competition
  • Pharmaceuticals - The Fastest Growing End-user of Caps and Closures

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
  • 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
  • Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Rapid Growth of Generic Drugs Augurs Well for Glass Packaging Market
  • 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
  • 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
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, and 2050
  • Aging Population and Millennial Generation Consumers
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • 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
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Rapid Pace of Urbanization
  • World Urban Population in Thousands: 1950-2050P
  • Ballooning Middle Class Population
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Global Middle Class Spending (in US$ Trillion) by Geographic Region
  • Changing Lifestyles & Demographic Structure
  • Select Product Developments
  • Clariant Unveils CESA ProTect
  • PolyOne Offers ColorMatrix Amosorb 4020G Oxygen Scavenger

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Caps and Closures Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 441
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Amcor plc
  • AptarGroup, Inc.
  • BERICAP GmbH & Co. KG
  • Berry Global Inc.
  • Closure Systems International, Inc.
  • Crown Holdings, Inc.
  • Guala Closures S.p.A
  • Manaksia Limited
  • RPC Bramlage Division GmbH & Co.KG
  • Silgan Holdings Inc.
Note: Product cover images may vary from those shown