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Caps & Closures Market Size Report 2030 | Growing at a CAGR of 4.91% - Arizton
Caps & Closures Market Research Report by Arizton
To Know More, Click: [https://www.arizton.com/market-reports/caps-closures-market]
Report Summary
Market Size (2030): $92.95 Billion
Market Size (2024): $69.72 Billion
CAGR (2024-2030): 4.91%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Material, Application, and Geography
Geographic Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
The global caps and closures market is experiencing significant growth. Key sectors like healthcare, food and beverages, and personal care are fueling this growth, with a focus on safety, premium quality, and durability. Personalized closures with logos and QR codes are gaining popularity for branding, while sustainability is becoming a top priority with increased adoption of biodegradable and recyclable materials. Leading players such as Amcor, AptarGroup, and Ball Corporation are driving innovation, positioning the market for continued expansion and transformation in the years ahead.
Food & Beverage Industries to Hold the Major Share
The food and beverage sector is a key driver in the caps and closures market, with rising demand for packaged products, innovations in packaging technology, and shifting consumer preferences for convenience, freshness, and safety. Metal caps are preferred for carbonated drinks due to their durability and ability to maintain carbonation, while plastic closures dominate for juice, water, and dairy products due to their cost-effectiveness, recyclability, and strength. In addition, tamper-evident features and premiumization trends are driving the demand for caps across various applications, from sauces and condiments to alcoholic beverages, which require specialized closures like corks and screw caps.
APAC the Powerhouse in the Cap & Closures Market
The APAC caps and closures market is the largest and fastest-growing globally. China and Japan are the dominant players in the region, followed by India, South Korea, and Australia.
The food and beverage industry remains a major consumer of caps and closures, fueled by the increasing demand for dairy products and packaged foods. The region's population growth has led to a heightened need for food production, further boosting the demand for a wide variety of closures.
In the healthcare sector, countries like India and China have seen significant growth post-pandemic, creating a need for various closures in medicines, syrups, and other healthcare items. Additionally, heightened awareness of personal hygiene is driving the demand for personal care products, which also relies on caps and closures.
Sustainability is another growing trend, with a focus on bio-based and recyclable materials. Manufacturers are also prioritizing the development of lightweight closures to reduce costs and material usage. Meanwhile, concerns over counterfeiting and product safety are increasing the adoption of tamper-evident closures.
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 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.
* 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
Segmentation & Forecasts
Material
* Plastic
* Metal
* Rubber
* Others
Application
* Food & Beverages
* Personal Care
* Healthcare & Wellness
* Cleaning
* Others
Geography
APAC
* China
* Japan
* India
* South Korea
* Australia
North America
* The US
* Canada
Europe
* Germany
* France
* Italy
* The UK
* Spain
Latin America
* Brazil
* Mexico
Middle East & Africa
* Turkey
* South Africa
* Saudi Arabia
Buy this Research @ https://www.arizton.com/market-reports/caps-closures-market
Key Questions Answered in the Report:
How big is the global caps & closures market?
What is the growth rate of the global caps & closures market?
Which material segment has the largest share in the global caps & closures market?
Which market segment provides more business opportunities in the global caps & closures market?
Which region holds the largest share in the global caps & closures market?
Who are the major players in the global caps & closures market?
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https://www.arizton.com/market-reports/sustainable-packaging-market
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=caps-closures-market-size-report-2030-growing-at-a-cagr-of-491-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/caps-closures-market
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