Screw Closures Market is projected to reach USD 40.5 Bn by 2032 | TMR

The Screw Closures Market was valued at US$ 31.1 Bn in 2023 and is projected to reach US$ 40.5 Bn by 2032, expanding at a CAGR of 2.9% from 2024 to 2032. Demand continues to rise from core industries such as food & beverages, pharmaceuticals, household care, and personal care & cosmetics, supported by strong adoption of lightweight, cost-effective, and recyclable packaging formats.

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Market Overview

The global screw closures industry has emerged as a crucial component of the packaging ecosystem due to the versatility, sealing reliability, and cost-efficiency of these closures. Screw caps are widely used in bottles, jars, containers, and single-serve packaging formats. Their ability to provide tamper resistance, leak prevention, and ease of use makes them indispensable across multiple end-use markets.

The sector is entering a transformative phase, driven by:

Rising single-serve beverage consumption

Sustainable and recyclable closure innovations

Rapid expansion of food & beverage manufacturing in Asia Pacific

Growing focus on child-resistant and tamper-evident packaging in pharmaceuticals

Shift toward premium packaging for wines and personal care products

Screw closures have gained particular momentum in the alcoholic beverages category. Aluminum screw caps, once uncommon for wine packaging, are now widely preferred across New Zealand, Australia, and parts of Europe due to their superior oxygen barrier, consistent aging properties, and enhanced sustainability benefits.

Simultaneously, the pharmaceutical industry's demand for tamper-proof closures and child-resistant options continues to contribute significantly to market growth. Government focus on product safety, regulatory compliance, and the need to prevent accidental ingestion have accelerated adoption across liquid drugs, OTC medicines, and nutraceuticals.

Key Market Growth Drivers

1. Expansion of the Food & Beverage Sector

The F&B industry is one of the biggest consumers of screw closures. Rapid urbanization, increasing disposable incomes, and a shift toward ready-to-consume foods have driven the use of PET and HDPE bottles with screw caps.
Key factors include:

Demand for safe, lightweight closure solutions

Surge in packaged juice and dairy consumption

Growth of supermarkets, hypermarkets, and e-commerce

Eurostat's 2022 production data-16.1 billion liters of wine in the EU-further strengthens demand from the alcoholic beverages segment.

2. Rise of Single-Serve Beverage Consumption

Modern consumers prefer portability and convenience, leading to increased sales of small-format juices, flavored water, RTD teas, cold-brew coffee, and functional beverages.

According to IBISWorld, U.S. grocery stores and supermarkets accounted for 36.5% of juice product revenue in 2021, with warehouse clubs contributing 27.9%.

3. Sustainable Packaging R&D

Manufacturers are actively developing natural fiber-based, biodegradable, and 100% recyclable aluminum screw caps. The partnership between Glatfelter, ALPLA Group, and Blue Ocean Closures in Sweden highlights the industry's shift toward eco-friendly alternatives.

4. Increasing Pharmaceutical Requirements

Pharmaceutical packaging requires closures that are:

Sterile

Leak-proof

Child-resistant

Tamper-evident

Growth in prescription drug volumes and OTC medication demand is accelerating screw closure adoption in liquid medications and nutraceuticals.

5. Growth in Cosmetics & Personal Care Demand

Cosmetics brands are switching to premium, visually appealing closure designs for lotions, serums, oils, and creams. Easy-open mechanisms and safe sealing are major factors supporting industry growth.

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Analysis of Key Players - Key Player Strategies

Leading companies in the screw closures market 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 implementing strategies focused on:

Sustainability & Eco-Friendly Materials

Amcor, Berry Global, and BERICAP are investing heavily in the development of recyclable, bio-based, and fiber-based caps.

Blue Ocean Closures is advancing dryforming technology for cellulose-based closures in partnership with Coca-Cola.

Technological Improvements

Players are integrating:

High-definition patterns

Lightweighting technology

Renewable wood-fiber materials

Better sealing and tamper-evidence mechanisms

Capacity Expansion & Automation

Companies are automating production, expanding global footprints, and setting up regional manufacturing facilities to meet rising volumes in Asia and Europe.

Strategic Partnerships & Product Launches

Collaborations with beverage giants, FMCG players, and pharmaceutical companies help diversify portfolios and enhance market share.

Market Challenges & Opportunities

Challenges

1. Environmental Concerns Around Plastic Waste

Despite growing recyclability options, HDPE, LDPE, and PP closures still face scrutiny. Compliance with global plastic waste regulations increases operational costs.

2. Availability of Substitute Closure Systems

Cork closures for wines and snap-on closures for food containers continue to offer competition in niche segments.

3. Price Volatility of Raw Materials

Fluctuations in resin prices affect production costs for plastic closures.

4. Limited Recycling Infrastructure in Emerging Markets

Underdeveloped recycling facilities slow adoption of sustainable closure formats.

Opportunities

1. Surge in Fiber-Based & Bio-Based Closure Innovations

Fiber-based caps that are recyclable in existing paper streams represent a multi-billion-dollar opportunity.

2. Premium Packaging in Wines, Spirits & Cosmetics

Premiumization trends increase the demand for high-barrier, aesthetically designed closures.

3. Expansion into Emerging Markets

India, China, Southeast Asia, and Africa present strong growth potential due to expanding manufacturing ecosystems.

4. Digital Packaging Solutions

Track-and-trace features, QR codes, and anti-counterfeit technologies offer innovation prospects for closure manufacturers.

Key Player Strategies

1. Focus on Product Differentiation

Manufacturers are designing closures with improved grip, tactile feel, superior finishing, and customizable branding.

2. Strengthening Supply Chain Networks

Partnerships with bottle makers, label providers, and resin suppliers help streamline value chains.

3. Regulatory Compliance & Safety Standards

Companies are investing in certifications such as:

FDA compliance

EU food-contact standards

Child-resistant packaging norms

4. Expansion of Application Portfolios

Players are expanding beyond beverages to target:

Pharmaceuticals

Household disinfectants

Automotive fluids

Cosmetic tubes and jars

Recent Developments

September 2023: Blue Ocean Closures partners with Coca-Cola's EMEA R&D Center to accelerate development of recyclable fiber-based screw caps.

September 2022: BERICAP unveils next-generation sustainable closures at FACHPACK, Nuremberg, reinforcing its commitment to eco-friendly innovation.

Leading companies have intensified investments in plant-based materials, aluminum light-weighting, and compostable closures to meet rising sustainability regulations.

Investment Landscape and ROI Outlook

The market offers stable and long-term ROI due to:

1. Consistent Demand from High-Volume Sectors

Food, beverages, pharmaceuticals, and household products generate uninterrupted demand.

2. Rising Investments in Sustainable Packaging

Green packaging initiatives attract venture capital, ESG-focused investors, and OEM partnerships.

3. Moderate Risk with High Production Scalability

Return on investment remains favorable due to:

Low manufacturing complexity

High-volume production economics

Automated molding technologies

4. Strong Regional Growth in Asia Pacific

Asian markets-especially India, China, Japan, and ASEAN-offer significant opportunities for expansion, capacity building, and partnerships.

Market Segmentations (with Region)

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)

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

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Spain

BENELUX

Nordic

Russia

Poland

Asia Pacific (Leading Region)

China

India

Japan

South Korea

ASEAN

Australia & New Zealand

Latin America

Brazil

Mexico

Argentina

Middle East & Africa
GCC

South Africa

North Africa

Turkiye

Why Buy This Report?

Comprehensive analysis of market size, growth forecasts, and key drivers

Includes detailed segmentation, regional insights, and end-use trends

Covers sustainability innovations and next-generation closure technologies

Profiles major global manufacturers with strategy & product portfolio insights

Provides investment feasibility analysis and ROI expectations

Highlights emerging opportunities in APAC, sustainable packaging, and pharmaceuticals

In-depth study of regulatory requirements, material trends, and competitive landscape

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FAQs

1. What is the current size of the screw closures market?
The market is valued at US$ 31.1 Bn in 2023.

2. What will the market be worth by 2032?
It will reach US$ 40.5 Bn, growing at a CAGR of 2.9%.

3. Which region dominates the market?
Asia Pacific remains the largest and fastest-growing market.

4. Which industries mainly use screw closures?
Food & beverages, pharmaceuticals, cosmetics & personal care, and household goods.

5. What are the major materials used?
HDPE, LDPE, polypropylene, aluminum/metal, thermosets, and emerging fiber-based materials.

6. What is driving the shift toward sustainable screw caps?
Environmental regulations, consumer demand for eco-friendly packaging, and global sustainability targets.

7. Who are the leading market players?
Amcor, Berry Global, Silgan Holdings, BERICAP, Mold-Rite Plastics, and Closure Systems International.

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