Screw Closures Industry Forecast to Hit USD 40.5 Billion by 2032, Says Transparency Market Research

The global screw closures market is set for moderate but steady growth driven by expansion in the food & beverage sector and continuous R&D in sustainable packaging solutions. Valued at US$ 31.1 Bn in 2023, the market is projected to grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2032, reaching US$ 40.5 Bn by 2032. This growth is underpinned by rising consumption of personal care, food & beverage, and household products, alongside increasing demand for single-serve beverages.

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Analysts' Viewpoint

The screw closures market is being bolstered by the rapid expansion in the food & beverage sector. The rising consumption of packaged products, particularly single-serve beverages, has fueled a surge in demand for screw closures across various end-use industries. In addition, manufacturers are investing in the development of sustainable, cellulose-based, eco-friendly screw caps that are completely biodegradable and recyclable. These innovations are critical as global consumers increasingly favor sustainable packaging options, while manufacturers look to reduce product wastage and enhance security with tamper-evident solutions.

Market Introduction

Screw closures are cost-effective closure solutions known for their reliable sealing capabilities and hassle-free operation. Employed across beverages, food, pharmaceuticals, household goods, and cosmetics & personal care industries, screw closures provide improved security to prevent leaks and product wastage. The internal matching mandrel design ensures that dosing inserts can be preassembled accurately, making these closures ideal for packaging applications where ease of opening and reusability are essential. In the pharmaceutical sector, screw closures also play a critical role in safely storing nutritional supplements and lifestyle products.

Key Drivers

Expansion in Food & Beverage Sector

Screw closures are increasingly favored for packaging wines and single-serve beverages due to their cost-effectiveness, reliable sealing, and ease of processing on existing closing machines.

Rising wine production, particularly in the EU where top producers like Italy, Spain, and France dominate, is propelling market statistics.

The growing global demand for packaged foods and beverages, combined with the shift toward convenient, single-serve formats, is expected to further stimulate the market.

R&D of Sustainable Solutions

Manufacturers are developing innovative, eco-friendly screw closures made from cellulose and other bio-based materials that are fully recyclable and biodegradable.

Collaborations among industry players-such as the joint venture between nonwovens producer Glatfelter, ALPLA Group, and Blue Ocean Closures-are advancing the production of natural fiber-based closures.

Sustainable solutions not only meet regulatory and environmental standards but also cater to the increasing consumer demand for green packaging.

Regional Outlook

Asia Pacific

Asia Pacific dominated the screw closures market in 2023 due to rapid expansion in the food & beverage sector driven by rising disposable incomes, lifestyle changes, and supportive government policies. The region's booming food processing industry and increasing domestic wine production are major contributors to market growth.

Analysis of Key Players

Major companies operating in the global screw closures market are focusing on sustainable innovation and product differentiation.

Key players include:

Amcor Plc
Berry Global, Inc.
Silgan Holdings
Closure Systems International, Inc.
BERICAP
CL Smith
Georg MENSHEN GmbH & Co. KG
Mold-Rite Plastics
Comar
Blackhawk Molding Co., Inc.

These companies are investing in advanced technologies to produce high-definition paper screw caps and optimize renewable material usage while maintaining cost-efficiency and operational excellence.

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Key Developments

September 2023: Blue Ocean Closures partnered with Coca-Cola's EMEA R&D Center in Brussels to advance the development of its fiber-based screw cap-an innovation described as both bio-based and recyclable within existing paper recycling streams.

September 2022: BERICAP showcased its innovative, sustainable closure solutions at FACHPACK in Nuremberg, Germany, signaling a robust move toward eco-friendly packaging options.

Market Segmentation

By Diameter:

18 mm - 33 mm
36 mm - 53 mm
63 mm - 100 mm
Above 100 mm

By Material Type:

LDPE
HDPE
Polypropylene
Metal
Thermoset
Others (PS, PET, etc.)

By Neck Finish:

400 (1 Thread Turn)
410 (1.5 Thread Turn)
415 (2 Thread Turn)
425 (2 Thread Turn)
Above 430 (More than 2 Thread Turn)

By End-use:

Beverages
Food
Pharmaceuticals
Household
Cosmetics & Personal Care
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
By Country (Select):

U.S., Canada, Brazil, Mexico, Argentina
Germany, Spain, Italy, France, U.K., BENELUX, Nordic, Russia, Poland
China, India, ASEAN, Australia & New Zealand, Japan, South Korea
North Africa, South Africa, GCC, Turkiye

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