Caps & Closures Market Forecasts to 2028 – Global Analysis By Type (Plastic Caps & Closures and Metal Caps & Closures), End User (Food, Beverage, Healthcare , Cosmetic, Personal Care, Consumer Goods, Chemical), and By Geography
According to Stratistics MRC, the Global Caps & Closures Market is accounted for $66.66 billion in 2020 and is expected to reach $119.77 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Rising demand from end-use industries, product differentiation and branding and decreasing pack sizes are driving the market growth. However, innovation and new substitutes is hampering the growth of the market.
The main function of caps and closures is to keep the container closed and the contents contained for the specified shelf life. In addition, it acts as a barrier to oxygen, dirt and moisture and keeps the product secure from undesired premature opening. Caps and closures are largely used in the packaging industry to preserve products to extend their shelf life.
Based on the material, the plastic segment is going to have lucrative growth during the forecast period due to high mechanical strength, high stiffness, high resistance to wear and corrosion, and thus making it perfect material. By geography, Asia Pacific is going to have high growth during the forecast period owing to increasing investments and growing end-user industries for the market.
Some of the key players profiled in the Caps & Closures Market include Alpha Packaging, Amcor plc, AptarGroup, Inc, Berlin Packaging, Berry Plastics Corporation, Closure Systems International, Inc., Crown Holdings, Guala Closures S.p.A., Pact Group Holdings, SABIC, SIG Combibloc Group Ltd. and Silgan Closures GmbH.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Type, Raw Material, End User, Distribution Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Plastic Caps & Closures
• Metal Caps & Closures
Raw Materials Covered:
• Other Materials
End Users Covered:
• Healthcare & Pharmaceutical
• Cosmetic, Personal Care Products & Toiletry
• Consumer Goods
Distribution Channels Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Caps & Closures Market is majorly driven by rising demand from end-use industries, product differentiation & branding and decreasing pack sizes.
The plastic segment is growing at a highest CAGR owing to high mechanical strength, high stiffness, high resistance to wear and corrosion, and thus making it perfect material.
Asia Pacific dominated with a significant market share due to the factors such as growth of the food & beverage, healthcare, and personal care industry.
South America market is growing at a highest CAGR owing to the rapid urbanization and rising spending on consumer goods in countries, such as Brazil.
Key players in Caps & Closures Market include Alpha Packaging, Amcor plc, AptarGroup, Inc, Berlin Packaging, Berry Plastics Corporation, Closure Systems International, Inc., Crown Holdings, Guala Closures S.p.A., Pact Group Holdings, SABIC, SIG Combibloc Group Ltd. and Silgan Closures GmbH.
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