Caps & Closures Market

Caps & Closures Market Analysis and Opportunity Assessment by Type, Material, End-Use, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 38,909.00 Mn between 2022 and 2032

Category: Packaging Published Date : October 2022 ID: CVC-00292 Format: PDF Pages: 300

Caps & Closures Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Caps & Closures Market grew at a CAGR of 4.8% between 2017-2021 and is estimated to be US$ 58,936.2 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.2% and is expected to reach a valuation of US$ 97,845.2 Mn by 2032 end.

The market demand for Caps and Closures is expected to be driven by the escalating demand for several food products and alcoholic and non-alcoholic beverages, coupled with increased disposable income levels of customers in developing economies.

Market Dynamic


Bottled water & Beverage is one of the fastest-growing beverage types in terms of volume. The rise in consumer demand for bottled water over the forthcoming four to five years will drive the demand for tamper-evident caps & closures. Changes in lifestyles and per capita expenditure are the factors driving the growth of the bottled water industry. The rise in the income levels of customers has resulted in increased sales of premium bottled water. Bottled water companies have thus been encouraged to launch premium bottled water products with attractive capping solutions.


The development of the caps & closures market is jeopardized by the increase in containers without closures, such as pouches and blister packages. These types of packaging offer several benefits to the packager, such as material cost reduction associated with traditional approaches of rigid packaging and sustainability issues. Another option for food & beverage packaging is the pouch packaging format which multiple FMCG companies adopt as a packaging innovation tool to provide additional convenience to consumers.


Packaging waste harms the ecology as it takes decades to decompose. Caps & closures are mainly made of plastic, which is not easily degradable. Countries across the globe have imposed strict laws on the packaging industry to address this issue. In Europe, governments have commenced key steps to deal with packaging waste and recycling issues and promote sustainable packaging. The caps & closures industry needs to acclimate to these new regulatory requirements and encourage recycling to decrease the carbon footprint, affecting overall cap and closure market revenue

COVID-19 Impact

COVID-19 has shown a substantial impact on the various sector of the economy. The caps & closures market was also adversely affected due to regulatory bodies’ imposition of stringent lockdowns across several regions. Caps & closures are mainly adopted in pharmaceuticals, cosmetic products, food & beverages, and household goods. They are the final constituent for the packaging of goods and for maintaining the reliability of the product packaging.

During this period, the growth of the food & beverage sector has declined as well because of preoccupation with virus spreading. However, the readiness of safe and hygienic products is paving the way for potential growth prospects for the closing market over the next few years.

Caps & Closures Market

Market Segments Covered in Report

By Type

  • Plastics Caps & Closures
    • Screw Caps
    • Dispensing Caps
    • Others
  • Metal Caps & Closures
    • Screw & Lung Caps
    • Crown Caps
    • Others
  • Other Caps & Closures

By Material:

  • Plastic
    • Polyethylene
      • HDPE
      • LDPE
    • Polypropylene
      • Homopolymer
      • Copolymer
      • Random
    • PCR
    • Bioplastics
    • Others (PET, PA, and more)
  • Metal
  • Aluminum
  • Others

By End-Use

  • Food
  • Beverages
  • Healthcare
  • Cosmetics & Toiletries
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is it expected that the Plastic segment prevail in a very competitive market during the forecast period?

Based on material, the global Caps and Closures market is dominated by plastic, which accounts for 36.0%. Plastic caps & closures have high mechanical strength, stiffness, and resistance to wear and corrosion, and thus making it the perfect material. Metal caps and closure hold a significant share of the global caps & closure market. Metals caps and closures, generally aluminum caps & closures, are mainly used for glass containers, jars, and bottles as it provides a high fit ability to glass than plastics.

Why is the Food & Beverage segment expected to expand the fastest during the forecast period?

The food & beverage segment is projected to witness a significant growth of 31.0% in 2022. Caps & closures are used as a medium to enhance the shelf life while retaining the taste and texture of beverages.

This can be attributed to the growing popularity of PET packaging and high-value-added products such as baked goods, beverages, and confectionery. The demand for premium caps & closures in the beverage industry drives this market. There are several types of caps & closures that can be employed to seal or package non-alcoholic beverages

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, the North American market held a sizeable revenue share of 27.9%. The caps and closures market in North America is expected to increase at a significant CAGR during the forecast period. The food industry is one of the major providers of the caps and closures market in the region. Consumers are becoming more health conscious, and the demand for healthy beverages is rising. Raising personal incomes has made bottled water a more accessible convenience for individuals and is boosting factor for the growth of the caps and closures market0
  • The Asia-Pacific region has the largest market size for caps and closures. This market is expected to grow at a high rate during the forecast period, primarily due to the increasing focus on product quality, shelf life, and safety of end-use industries such as food & beverages, pharmaceutical, and others. The rising disposable income of people and heavy urbanization is also expected to boost the growth of this market in the Asia-Pacific region.

Competition Analysis

With the growth of the global caps and closures market, companies are adopting various marketing strategies such as new product launches, geographical expansion, partnerships, and collaborations to identify the interest of potential buyers and create a larger customer base.

These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for Caps & Closures worldwide, market players can anticipate attractive growth prospects in the future.

Some of the key developments that have taken place in the Caps & Closures Market include:

  • In July 2020, RPC Group was purchased by Berry Global Group. This acquisition contributed to the development of one of the world’s largest plastic packaging firms and a leading global provider of value-added protective solutions. The organization has also increased its geographic reach, now operating in over 290 sites across the globe, including those in North and South America, Europe, Asia, Africa, and Australia.
  • In June 2021, Through the acquisition of Mala Verschluss-Systeme GmbH, BERICAP Holding GmbH expanded its product line to include aluminum closures.

A list of some of the key suppliers present in the market are:

  • Crown Holdings Inc
  • BERICAP Holding GmbH
  • Guala Closures S.p.A
  • Closure Systems International, Inc
  • Amcor Plc
  • Silgan Plastic Closure Solutions
  • Aptar Group
  • Nippon Closures Co., Ltd.
  • Mold-Rite Plastics, LLC
  • Berk Company, LLC
  • Pellicano & C. Spa.
  • Weener Plastik GmbH
  • Blackhawk Molding Co. Inc.

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Type, Material, End-Use, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request