Plastic Caps and Closures Market is Increasing at a CAGR of 3.5% by 2035 | Future Market Insights, Inc.

The global plastic caps and closures market is projected to experience steady growth, with an estimated value of USD 45.9 billion in 2025 and a forecasted rise to USD 64.7 billion by 2035. This growth is driven by a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2025 to 2035. In 2024, the market generated USD 44.8 billion in revenue and is expected to see a year-on-year growth of 3.3% in 2025.

Consumer desire for ease, safety, and hygiene in packaging drives the use of sophisticated plastic closures. The increasing emphasis on product integrity, particularly in the post-pandemic age, has resulted in a boom in the use of tamper-evident (TE) and dispensing caps, which ensure that products remain contamination-free.

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As sustainability becomes a major focus, the market is shifting towards environmentally friendly products. Manufacturers are increasingly turning to sustainable plastics such as polypropylene (PP) and high-density polyethylene (HDPE) to address rising environmental concerns. Companies like Berry Global and Aptar have pioneered the use of post-consumer recycled (PCR) materials in closures, establishing themselves as innovators and environmental leaders.

Key Takeaways From the Plastic Caps and Closures Market

• The global plastic caps and closure industry recorded a CAGR of 2.4% between 2020 and 2024.
• Industry value reached USD 44.8 billion in 2024.
• The USA is projected to lead in North America with a CAGR of 3.8% through 2035.
• India is expected to experience a 5.9% CAGR in South Asia & Pacific by 2035.
• Screw closures are forecasted to grow at a CAGR of 2.8% from 2025 to 2035.
• Beverage end uses are anticipated to grow at a CAGR of 2.5%.

Driving Factors of the Plastic Caps and Closures Market

1. Growing Demand for Packaged Beverages: Rising consumption of bottled water, carbonated drinks, and functional beverages is driving the need for plastic caps and closures.
2. Expansion of the Food Industry: Increasing demand for packaged and processed foods, sauces, and condiments boosts the usage of plastic closures for preservation and convenience.
3. Advancements in Packaging Technology: Innovations such as tamper-evident and child-resistant closures are increasing product safety and consumer trust.
4. Rise in E-commerce and Convenience Packaging: Growth in online shopping is driving demand for secure and leak-proof packaging solutions, benefiting plastic closures.
5. Shift to Sustainable Materials: Increasing consumer awareness and regulatory pressure are promoting the use of recyclable and bio-based plastic caps and closures.

Competitive Landscape

Key companies in the plastic caps and closures market are investing in the development of innovative sustainable solutions, as well as forming collaborations. Key plastic caps and closure suppliers have also been acquiring smaller players to expand their footprint and penetrate the plastic caps and closure industry in numerous regions.

Recent Industry Developments in the Plastic Caps and Closure Market:

• In May 2023, Aptar launched a new convenient product packaging for Ferrero's sweet tea soft drink brand 'Estathè". Ferrero chose Aptar's Rocket sports cap to package Estathè.
• In March 2023, United Caps introduced a new tethered closure for carton packaging. The new 23 H-PAK tethered solution includes a Tamper-Evident (TE) band that preserves all parts intact for fast recycling and is simple to integrate with current procedures.

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Key Players of the Plastic Caps and Closure Industry

• Berry Global Inc.
• Amcor Plc
• Silgan Plastics
• Aptar Inc.
• O.Berk Company LLC
• Bericap GmbH & Co KG
• UNITED CAPS
• CL Smith Company
• Closure Systems International Inc.
• BLACKHAWK MOLDING CO. Inc.
• Georg MENSHEN GmbH & Co. KG
• Mold-Rite Plastic LLC
• Plasticap Inc.
• Guala Closures S.p.A.
• Weener Plastik GmbH

Key Segments of the Plastic Caps and Closure Industry

By Caps Type:

In terms of caps type, the industry is divided into screw closures, snap closures, push-pull closures, and others.

By Material Type:

In terms of material type, the industry is segregated into thermoplastic and thermosets. Thermoplastic are further categorized as PE, PP, and Others (PS, PET, etc.). PE is sub-divided into LDPE/LLDPE and HDPE.

By End Use:

The market is classified by end use such as beverage, food, pharmaceutical, household, cosmetics & personal care, and chemicals and fertilizers.

By Region:

Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and the Middle East & Africa have been covered in the report.

Have a Look at Related Reports on the Packaging Domain:

Bottles Market - https://www.futuremarketinsights.com/reports/bottles-market

Food Trays Market - https://www.futuremarketinsights.com/reports/food-trays-market

Unidirectional Tapes Market - https://www.futuremarketinsights.com/reports/unidirectional-tapes-market

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This release was published on openPR.