Press release
Caps & Closures Market Opportunities, Size, Share, Future Scope, Revenue and Forecast 2030
Caps & Closures Market
The global caps and closures market is on track to experience substantial growth in the coming years. Valued at approximately USD 73.89 billion in 2023, it is projected to reach USD 107.33 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 5.47% during the forecast period from 2024 to 2030.
๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Caps and closures play a crucial role in packaging, ensuring product integrity, extending shelf life, and providing convenience to consumers. The increasing demand in the food and beverage sector, coupled with heightened awareness of food safety, is driving innovation in cap and closure solutions. Additionally, the pharmaceutical industry's adherence to stringent regulatory requirements propels the adoption of secure and tamper-proof closures for medical products.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/87296/
๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
๐๐ง๐ ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐ฉ๐๐ญ๐ญ๐๐ซ๐ง ๐จ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฎ๐ฌ๐ ๐จ๐ ๐ซ๐๐๐ฒ๐๐ฅ๐๐๐ฅ๐ ๐๐ง๐ ๐๐ข๐จ๐๐๐ ๐ซ๐๐๐๐๐ฅ๐ ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ.
The industry is benefiting from the growing emphasis on sustainability as producers consider eco-friendly products and strategies that suit consumer tastes. For instance, biodegradable caps and closures are made of materials that break down naturally in the environment, including biodegradable polymers or synthetic plastics derived from plants. To lessen their natural influence, they can be recycled after use or treated in the soil. However, caps and closures are composed of recyclable materials like PET polymers or aluminum, which may be recycled with other homes and contemporary waste.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐
The Asia-Pacific region leads the global market, accounting for a significant revenue share. In 2024, the market size was evaluated at USD 36.41 billion and is predicted to reach around USD 61.04 billion by 2034, rising at a CAGR of 5.30% from 2025 to 2034. This growth is attributed to the presence of highly populous nations like India and China, as well as the rising food and beverage industry.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
North America held the second-largest revenue share in 2023 and is expected to continue to grow at a fast CAGR over the forecast period. Major cap and closure manufacturers, such as Silgan Holdings Inc. and Amcor PLC, account for a significant portion of this region's market share.
๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/87296/
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
Vietnam's burgeoning food and beverage industry presents significant opportunities for the caps and closures market. The increasing consumption of packaged foods and beverages is driving demand for innovative and convenient packaging solutions.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
Thailand is experiencing growth in the caps and closures market, driven by the expanding pharmaceutical and personal care sectors. The need for secure and tamper-evident packaging in these industries is propelling market expansion.
๐๐๐ฉ๐๐ง: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
Japan is witnessing a shift towards eco-friendly and sustainable packaging solutions. Consumers' increasing environmental consciousness is influencing manufacturers to adopt recyclable materials and innovative designs in caps and closures.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
South Korea's advanced cosmetic industry offers opportunities for specialized caps and closures. The demand for unique and aesthetically pleasing packaging is driving innovation in this sector.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
Singapore's status as a regional hub for pharmaceuticals and biotechnology is influencing trends in the caps and closures market. The emphasis on quality and compliance with international standards is shaping the demand for high-performance closures.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
The United States experiences significant growth, projected at a CAGR of 3.3% by 2034. The increasing demand for bottled water and beverages is expected to drive the market growth.
๐ ๐จ๐ซ ๐ ๐ช๐ฎ๐ข๐๐ค ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐: https://www.maximizemarketresearch.com/request-sample/87296/
๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐๐ฐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ
Plastic
Metals
Others
The market for caps and closures is divided into three segments based on the kind of raw material: Plastic, Metals, and Others (glass, wood, rubber, elastomers, and paperboard). The market is anticipated to remain dominated by the plastic segment, which had the biggest revenue share in 2023. Because plastic is less biodegradable and produces CO2 emissions during production, it presents environmental risks. As a result, recycling is becoming more popular in the production of caps and closures, with many businesses using recycled materials as a raw material to reduce their reliance on virgin plastic. Metal has become more popular in the market since it is more sustainable and long-lasting than plastic.
๐๐ฒ ๐๐ฒ๐ฉ๐
Plastic Caps & Closures
Metal Caps & Closures
Other Caps & Closures
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Easy-Open Can End
Metal Lug Closures
Peel-Off Foils
Screw Closures
Metal Crowns
Corks
Others
๐๐ฒ ๐๐ง๐-๐๐ฌ๐๐ซ
Beverage Industry
Food Industry
Healthcare Industry
Cosmetics & Toiletries
Others
The market is further divided into beverage, food, healthcare, cosmetics & toiletries, and other categories based on the application. One major end-use market for caps and closures is beverage packaging. Drink packaging serves as a means of extending the drinks' usable life while maintaining their flavor and appearance. In the beverage industry, pockets and containers are becoming more and more well-known packaging options. The market for premium caps in the beverage industry is being driven by the need for large beverage businesses worldwide to concentrate on segregated closures.
๐๐จ ๐๐๐๐ซ๐ง ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐ญ๐ฎ๐๐ฒ, ๐๐ฅ๐๐๐ฌ๐ ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/global-caps-closures-market/87296/
๐๐๐ฉ๐ฌ & ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Silgan Holdings Inc. (US)
2. Plastics Corporation,
3. Crown Holdings Incorporation (US)
4. Reynolds Group Holdings, (US)
5. Aptar Group Incorporated (US)
6. Pact Group Holdings.
7. Alpha packaging
8. Berry Global Inc. (US)
9. Amcor Limited Plc (Australia)
10. BERICARP Holding GmbH (Germany)
11. Guala Closures S.P.A (Italy)
12. RPC Group PLC (UK)
13. Rexam PLC (UK)
14. United Caps (Luxembourg)
15. Nippon Closures Co. Ltd. (Japan)
16. Mold-Rite Plastics LLC (US)
17. O.Berk Company, LLC (US)
18. Pelliconi & C. Spa. (Italy)
19. Weener Plastics (Netherlands)
20. Blackhawk Molding Co. Inc. (US)
21. C.L. Smith Company (US)
22. Elmoris, Jsc (US)
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Silgan Holdings Inc. reported net sales of $2.2 billion in 2023 for its specialty closures business, accounting for approximately 37.1% of their consolidated net sales.
Amcor PLC reported net sales of USD 14,694 million in 2023, in line with the prior year, with a focus on expanding their caps and closures segment.
Guala Closures Group sold around 3.6 billion closures across its product lines in the first quarter of 2024, reinforcing its position as a global leader in the industry.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
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