Caps and Closures Market Size - By Material Type (Plastic, Metal, Rubber, Cork, Glass), By Technology (Compression Molding, Injection Molding, Thermoforming, Blow Molding), By Closure Size, By Product Type & Global Forecast, 2023 – 2032

Caps and Closures Market Size

Caps And Closures Market size was valued at around USD 68 billion in 2022 and is estimated to reach USD 119.4 billion till 2032 driven by factors like population growth, urbanization, and e-commerce expansion, directly impacts the demand for caps and closures used in packaging containers.
 

Packaging is a critical element of brand differentiation. Unique and innovative caps and closures can help brands stand out on the retail shelves and attract consumers' attention. Caps and closures play a vital role in providing ease of use and convenience for consumers. Features such as flip-top caps, screw caps, and dispensing closures enhance product accessibility and usability.
 

Caps and closures manufacturers often face cost pressures due to fluctuations in raw material prices and the need to invest in research and development for innovative and sustainable packaging solutions. Counterfeit caps and closures pose a significant risk to product safety and brand reputation. Caps and closures must be compatible with a wide range of packaging materials, including glass, plastic, and metal containers.
 

COVID-19 Impact

The pandemic led to a surge in demand for essential products, such as food, beverages, pharmaceuticals, and personal care items. This increased demand for packaging, including caps and closures, to meet consumer needs. With lockdowns and social distancing measures in place, consumers turned to e-commerce for their shopping needs.
 

Caps and Closures Market Trends

There was a growing emphasis on sustainability in the packaging industry, including caps and closures. Manufacturers were increasingly adopting eco-friendly materials, such as bioplastics and recyclable resins, to reduce the environmental impact of packaging. Smart packaging solutions were gaining traction, with the integration of technology in closures. Features like tamper-evidence indicators, time-temperature indicators, and NFC-enabled closures offered additional functionality and improved product safety.
 

Caps and Closures Market Analysis

Based on product, the caps and closures market is segmented as plastic, metal, rubber, cork, glass, others. Plastic held a majority industry value of USD 17.3 billion in 2022. Plastic is a widely used material for caps and closures due to its cost-effectiveness, making it a popular choice for mass-produced products. Plastic closures can be designed in various shapes and sizes, providing manufacturers with flexibility in creating customized solutions. Plastic caps and closures are lightweight, which reduces transportation costs and supports sustainability efforts by lowering carbon footprints.

Based on technology, the caps and closures market is segmented as compression molding, injection molding, thermoforming, blow molding, others. Compression molding held a dominant industry share of around 40% in 2022. Compression molding is a cost-effective manufacturing method for producing high volumes of caps and closures. It offers economies of scale, making it suitable for mass production, where large quantities of identical closures are required.
 

Based on closure size the caps and closures market is segmented as Less than 25mm, 25mm to 49mm, 50mm to 69mm, 70mm to 99mm, 100mm and above. Less than 25mm segment is anticipated to grow at 4.7 % CAGR by 2032. Small closures are commonly used for single-serve and portion-control packaging, particularly in the beverage and condiment industries. Small closures are favored for on-the-go products, such as travel-sized personal care items and snack packs.
 

Based on Product Type the caps and closures market is segmented as Screw Caps, Snap-on Caps, Dispensing Caps, Child-resistant Caps, Tamper-evident Caps, Flip-top Caps, Sports Caps, Pump Caps, Spray Caps, Cork Closures, ROPP Caps (Roll-On Pilfer-Proof), Crown Caps, Others. Screw caps are widely used across various industries, including beverages, food, and personal care, due to their versatility and ease of use.
 

 

U.S. dominated the North American region with majority caps and closures market share and a revenue of USD 15.4 billion in 2022.The increasing demand for convenience and ready-to-eat products in North America drives the need for caps and closures for various food and beverage containers, including bottles, jars, and pouches.
 

Caps and Closures Market Share

Some of the major caps and closures market players operating in the Caps and closures industry are;

• Amcor plc
• Crown Holdings Inc
• AptarGroup Inc.
• Berry Global Group Inc
• Silgan Holdings Inc
• RPC Group Plc
• Reynolds Group Holdings Limited 
• Closure Systems International Inc
• Guala Closures Group
• Bericap GmbH & Co. KG
• O.Berk Company, LLC
• ALPLA Werke Alwin Lehner GmbH & Co KG
• Comar, LLC
• Pact Group Holdings Ltd.
• TriMas Corporation (Rieke Packaging Systems)
   

Caps and closures Industry News:

• In March 2023, UNITED CAPS Launched 23 H-PAK, a new cap for carton packaging.
   
• In February 2023, Berry Global launched fully accredited child-resistant PET bottle combination for the pharmaceutical syrup market.
   

Caps and closures market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments:

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By Material Type

• Plastic
•  Metal
• Rubber
• Cork
• Glass
• Others

By Technology

• Compression Molding
• Injection Molding
• Thermoforming
• Blow Molding
• Others

By Closure size

• Less than 25mm
• 25mm to 49mm
• 50mm to 69mm
• 70mm to 99mm
• 100mm and above

By Product Type

• Screw Caps
• Snap-on Caps
• Dispensing Caps
• Child-resistant Caps
• Tamper-evident Caps
• Flip-top Caps
• Sports Caps
• Pump Caps
• Spray Caps
• Cork Closures
•  ROPP Caps (Roll-On Pilfer-Proof)
• Crown Caps
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt