Report

The global caps & closures market is expected to grow at a CAGR of 4.91% from 2024 to 2030.

RECENT VENDOR ACTIVITIES

- In 2022, Guala Closures S.p.A, a global leading producer of closures for spirits, wines, beverages, and oil bottles announced the acquisition of Labrenta. The acquisition will strengthen Guala Closure's presence in the luxury segment.
- In 2024, the US-based company Silgan Holdings Inc. a leading supplier of packaging solutions for consumer goods products, announced that it had completed the acquisition of Weener Plastics Holdings B.V., It is a leading producer of differentiated dispensing solutions for food, personal care, and healthcare products.

KEY TAKEAWAYS

- By Material: The plastic segment dominates and holds the largest market share of over 65%. The segmental growth is due to its cost-effectiveness, versatility, and ease of use.
- By Application: The healthcare & wellness segment shows the highest growth of 5.30% driven by stringent regulatory requirements, growing healthcare demand, accessibility & convenience, and the increased need for product safety.
- By Geography: APAC dominates and holds the largest share of over 38% in the global caps & closures market driven by massive population, increasing disposable income, burgeoning demand for packaged goods, and rapid urbanization.
- Growth Factor: The global caps & closures market is set to grow surge in demand for packaged food & beverages and increased pharmaceutical manufacturing and health expenditures.

MARKET TRENDS & DRIVERS

Growing Adoption of Smart Packaging

The growing adoption of smart packaging is a significant trend in the global caps & closures market. It is driven by several factors including rising smartphone penetration, brand protection, increased demand for transparency, and technological advancements. The popularity of smart packaging is growing significantly due to its various features including interactive closures, enhanced safety & security, real-time monitoring, and consumer engagement. Caps & closures embedded with Near Field Communication (NFC) or QR codes allow consumers to access a wealth of information by just scanning it with smartphones.

Increased Demand for Temper-Evident and Child-Resistant Closures

Increased demand for temper-evident and child-resistant closures is a significant trend in the global caps & closures market. It is driven by several factors including rising awareness of product safety, preventing accidental poising, stringent regulations, growing e-commerce platforms, and innovations in caps & closures. Child-resistant closures are used in the pharmaceutical industry. It helps to prevent accidental ingestion by children. The tamper-evident closures give a clear indication that a bottle has been tampered with and prevent any risks associated with worse or falsified medicines. Consumer peace of mind is very important, particularly when it comes to pharmaceutical product handling.

Surge in Demand for Packaged Food & Beverages

The surge in demand for packaged food & beverages is a significant driver in the global caps & closures market. It is driven by several factors including growing health & safety concerns, rising on-the-go consumptions, e-commerce expansion, rising beverage consumption, expanding product lines, growth in emerging markets, and increased production capacities. Urbanization and busy lifestyles have led to a rising preference for single-serve beverages and ready-to-eat meals, which fuels the need for secure closures. Post-pandemic there is a significant focus on temper-proof and hygienic packaging especially for food & beverages. The rising consumer demand for packaging can prevent contamination and ensure freshness.

Increased Pharmaceutical Manufacturing and Health Expenditures

Increased pharmaceutical manufacturing and health expenditures a significant drivers in the global caps & closures market. Pharmaceutical production is growing significantly due to the rising prevalence of chronic diseases, increasing aging demographics,growing global population, and growth of emerging markets. As the population of the world is growing significantly and expectations for people to live longer have increased, drives the demand for healthcare products and medications. Rising chronic conditions like cardiovascular diseases, cancer, and diabetes are becoming more prevalent, which require ongoing medications.

INDUSTRY RESTRAINTS

Availability of Alternatives

The availability of alternatives is a major challenge in the global caps & closures market. It is due to the shifting consumer preference, alternative packaging formats, sustainability concerns, and cost considerations. Sachets, stand-up pouches, and other flexible packaging options are becoming increasingly popular for beverages, food, and other products. These often do not need closures, which can reduce the demand for traditional caps & closures. The consumer preference is shifting towards reducing plastic waste or reusable options. It can lead to a preference for a product that does not require traditional caps & closures. Alternative packaging formats like pouches can offer a more convenient solution in terms of ease of use and portability, potentially influencing consumer choices.

SEGMENTATION INSIGHTS

INSIGHTS BY MATERIAL

The global caps & closures market by material is segmented into plastic, metal, rubber, and others. In 2024, the plastic segment accounted for the largest market share of 65%, driven by its cost-effectiveness, versatility, and ease of use. This category includes materials such as High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyethylene (PE), Polystyrene (PS), and other types of plastics. The demand for plastic-based caps and closures is increasing due to several factors, including the rising demand for packaged beverages, the trend toward lightweight packaging to reduce transportation costs, and the growing use of plastics in healthcare and wellness for secure, tamper-evident closures. Additionally, the development of compostable and biodegradable plastics is an emerging trend that aims to address environmental concerns. The use of recycled plastics is also growing significantly, promoting a circular economy within the packaging industry.

INSIGHTS BY APPLICATION

The global caps & closures market by application is categorized into food & beverages, personal care, healthcare & wellness, cleaning, and others. The healthcare & wellness segment shows significant growth, with the fastest-growing CAGR of 5.30% during the forecast period. The healthcare and wellness market encompasses pharmaceuticals, supplements, nutraceuticals, hospital supplies, and more. This sector is driven by several factors, including stringent regulatory requirements, growing healthcare demand, increased accessibility and convenience, and the rising need for product safety. The market growth during the forecast period is supported by an increase in healthcare needs, higher use of prescription drugs, and an aging population. Compliance with regulatory bodies such as the EMA, FDA, and others mandates the use of tamper-proof, child-safe, and high-quality closures. Caps and closures must meet the standards set by these organizations and adhere to strict regulations. The rising prevalence of chronic diseases and growing medication use are fueling demand for caps and closures globally. There is also an increasing demand for child-resistant packaging in the pharmaceutical industry to prevent accidental ingestion by children, often involving push-and-turn designs or locking mechanisms. The demand for rubber stoppers and flip-off caps is rising significantly due to their ease of use and ability to ensure sterility, further driving the global demand for caps and closures.

GEOGRAPHICAL ANALYSIS

APAC dominates and holds the largest share of over 38% in the global caps & closures market. The APAC caps and closures market is the fastest-growing and largest in the world. This dynamic market is driven by factors such as a growing and massive population, rising disposable income, increasing demand for packaged goods, and rapid urbanization. China and Japan are the major players, followed by India, South Korea, and Australia. The food and beverages sector is the primary consumer of caps and closures, fueled by the rising demand for dairy products, as well as packaged food and beverages. The rapidly growing population in the APAC region has increased the need for greater food and beverage production, requiring a wide variety of caps and closures for packaging.
The healthcare sector in APAC countries, particularly in India and China, has seen significant growth since the pandemic and continues to expand. This growth necessitates a wide range of closures for syrups, medicines, and other healthcare products. Additionally, the increasing awareness of personal hygiene is driving the demand for personal care products, which, in turn, boosts the demand for caps and closures.

SEGMENTATION & FORECASTS

- By Material
o Plastic
o Metal
o Rubber
o Others
- By Application
o Food & Beverages
o Personal Care
o Healthcare & Wellness
o Cleaning
o Others
- By Geography
- APAC
o China
o Japan
o India
o South Korea
o Australia
- North America
o US
o Canada
- Europe
o Germany
o France
o Italy
o UK
o Spain
- Latin America
o Brazil
o Mexico
- Middle East & Africa
o Turkey
o South Africa
o Saudi Arabia

COMPETITIVE LANDSCAPE

The global caps & closures market report consists of exclusive data on 35 vendors. The market is highly competitive with a mix of regional manufacturers and established multinational players. The larger players acquire smaller ones to increase market share. The global players dominating the regional manufacturers also play a significant role, especially in emerging markets. Companies are increasingly collaborating with their customers to develop customized closures that can meet specific needs. The companies are focusing on the continuous development of new designs, functionalities, and materials to meet evolving consumer needs. The preference for the usage of eco-friendly materials is rising significantly from manufacturers. In developing economies, there is significant potential for growth with rising urbanization and increasing consumer spending. Thus, the vendors are expanding their facilities in developing economies.

Key Vendors
- Amcor Plc
- AptarGroup, Inc.
- Ball Corporation
- BERICAP
- Berry Global Inc.
- Closure Systems International
- Crown Holdings
- Guala Closures S.p.A
- Silgan Holdings Inc.
- Toyo Seikan Group Holdings, Ltd.

Other Prominent Vendors
- Airlite Plastics
- Albea Group
- AptarGroup, Inc.
- Blackhawk Molding Company Incorporated
- Datwyler Holding Inc.
- Drug Plastics and Glass Company Incorporated
- Gerresheimer AG
- Huhtamaki Oyj
- J.L. CLARK
- Mold-Rite Plastics
- Noel Group LLC
- Phoenix Closures, Inc.
- Saint-Gobain
- SIG Group
- Schreiner Group
- Tecnocap SpA
- The Tetra Laval Group
- TriMas
- West Pharmaceutical Services Incorporated
- WestRock Company
- O.Berk Company, LLC
- PELLICONI & C. SPA
- C.L. Smith
- UAB Elmoris
- Sonoco Products Company

KEY QUESTIONS ANSWERED:

1. How big is the global caps & closures market?
2. What is the growth rate of the global caps & closures market?
3. Which material segment has the largest share in the global caps & closures market?
4. Which market segment provides more business opportunities in the global caps & closures market?
5. Which region holds the largest share in the global caps & closures market?
6. Who are the major players in the global caps & closures market?