Product Code: MAT0225
The global Caps & Closures market is projected to grow at a CAGR of 9% by 2034
The Caps & Closures Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Several Key Drivers Primarily propel the Caps and Closures Market
The caps and closures market is primarily propelled by several key drivers that significantly influence its growth trajectory. Consumer demand for convenient and secure packaging solutions, coupled with increasing awareness of product safety and freshness, remains a primary driver. The market is further energized by technological advancements in manufacturing processes, enhancing production efficiency and precision. Environmental sustainability emerges as a pivotal driver, with a growing emphasis on eco-friendly materials and recyclable closures. The industry is witnessing a paradigm shift toward sustainable practices, reflecting a broader global commitment to reducing plastic waste. Manufacturers are responding with innovative, green alternatives, leveraging materials that align with circular economy principles.
Amidst the challenges, the caps and closures market present lucrative opportunities, especially in the realm of collaboration and partnerships among market players. Strategic alliances facilitate the exchange of expertise, technology, and resources, fostering innovation and expanding the scope of sustainable practices. Additionally, the rising trend of customization and smart packaging solutions opens avenues for niche markets and tailored closures catering to specific consumer needs. Geographically, emerging economies present untapped opportunities for market penetration. As these regions experience economic growth, there is an increased demand for advanced packaging solutions, providing a fertile ground for the caps and closures market to expand its global footprint.
Availability of Substitutes to Hinder the Market Growth Caps and Closures Market.
One significant restraining factor affecting the caps and closures market is the presence and availability of substitutes. The market faces challenges due to alternatives that serve similar purposes in packaging but differ in terms of materials or mechanisms. These substitutes could include alternative closure technologies, sealants, or packaging solutions that compete for market share. The availability of substitutes introduces a level of competition and choice for consumers and businesses seeking packaging solutions. For instance, in the beverage industry, manufacturers might consider alternative closure methods such as heat sealing or induction sealing instead of traditional caps. These substitutes, while offering different features, still fulfil the basic function of sealing containers.
What Questions Should You Ask before Buying a Market Research Report?
How is the caps & closures market evolving?
What is driving and restraining the caps & closures market?
How will each caps & closures submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
How will the market shares for each caps & closures submarket develop from 2024 to 2034?
What will be the main driver for the overall market from 2024 to 2034?
Will leading caps & closures markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
Who are the leading players and what are their prospects over the forecast period?
What are the caps & closures projects for these leading companies?
How will the industry evolve during the period between 2024 and 2034? What are the implications of caps & closures projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the caps & closures market?
Where is the caps & closures market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the caps & closures market today, and over the next 10 years:
Our 395-page report provides 124 tables and 187 charts/graphs exclusively to you.
The report highlights key lucrative areas in the industry so you can target them - NOW.
It contains in-depth analysis of global, regional and national sales and growth.
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the caps & closures market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising caps & closures prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, "V", "L", "W" and "U" are discussed in this report.
Segments Covered in the Report
Market Segment by Beverage Type
Alcoholic Beverage
Non-Alcoholic Beverage
Market Segment by Size
Small (Up to 20 mm)
Medium (20-50 mm)
Large (Above 50 mm)
Market Segment by Material Type
Plastic
Metal
Rubber
Other Material Type
Market Segment by Application
Beverages
Food
Pharmaceutical
Personal Care
Other Applications
Market Segment by Product Type
Screw Caps
Dispensing Caps
Snap-on Caps
Crown Caps
Tamper-Evident Caps
Other Product Type
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:
North America
U.S.
Canada
Europe
Germany
Spain
United Kingdom
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Caps & Closures Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report
Alcopack Group
Amcor plc
AptarGroup, Inc
BERICAP GmbH & Co KG
Berry Global Group, Inc.
Caprite Australia Pty Ltd
Caps & Closures Pty Ltd
Crown Holdings, Inc.
Guala Closures S.P.A
Herti JSC
MJS Packaging
Pano Cap Canada Ltd
Phoenix Closures
Silgan Holdings
UNITED CAPS
Overall world revenue for Caps & Closures Market, 2024 to 2034 in terms of value the market will surpass US$86.6 billion in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Caps & Closures Market, 2024 to 2034 report help you?
In summary, our 390+ page report provides you with the following knowledge:
Revenue forecasts to 2034 for Caps & Closures Market, 2024 to 2034 Market, with forecasts for beverage type, size, material type, application, and product type, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2034 for four regional and 20 key national markets - See forecasts for the Caps & Closures Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Caps & Closures Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Caps & Closures Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Caps & Closures Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered by This Analytical Report
- 1.6 Who Is This Report for?
- 1.7 Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.7.3 Data Validation
- 1.7.3.1 Primary Research
- 1.7.3.2 Secondary Research
- 1.8 Frequently Asked Questions (FAQs)
- 1.9 Associated Visiongain Reports
- 1.10 About Visiongain
2 Executive Summary
3 Market Overview
- 3.1 Key Findings
- 3.2 Market Dynamics
- 3.2.1 Market Driving Factors
- 3.2.1.1 Increasing Demand in the Beverage, Packaged Food and Pharmaceutical Drugs Industry Driving the Market Growth
- 3.2.1.2 Product Differentiating, Branding and Decreasing Package sizes
- 3.2.1.3 Consumer Preferences for Convenient and Unique Packaging Solutions Driving the Market Growth
- 3.2.2 Market Restraining Factors
- 3.2.2.1 Availability of Substitute to Hinder the Market Growth Caps and Closures Market.
- 3.2.2.2 Stringent Environmental Regulations Hinder the Market Growth
- 3.2.2.3 Raw Material, Labour and Supply Chain Cost Pressure Hinder the Market Growth
- 3.2.3 Market Opportunities
- 3.2.3.1 Technological Advancements Such as Smart Packaging, 3D Printing, and anti-Counterfeiting Features Present Opportunities for Companies.
- 3.2.3.2 Opportunities Exist for Market Players to Expand Their Global Presence, Tapping into Emerging Markets and Catering to Diverse Regional Packaging Needs.
- 3.2.3.3 Collaboration and Partnership Between Market Players Generate Opportunities
- 3.3 Porter's Five Forces Analysis
- 3.3.1 Bargaining Power of Suppliers (Moderate to High)
- 3.3.2 Bargaining Power of Buyers (Moderate)
- 3.3.3 Competitive Rivalry (High)
- 3.3.4 Threat from Substitutes (Low)
- 3.3.5 Threat of New Entrants (Low)
- 3.4 COVID-19 Impact Analysis
- 3.4.1 "V-Shaped Recovery"
- 3.4.2 "U-Shaped Recovery"
- 3.4.3 "W-Shaped Recovery"
- 3.4.4 "L-Shaped Recovery"
- 3.5 PEST Analysis
4 Caps & Closures Market Analysis by Beverage Type
- 4.1 Key Findings
- 4.2 Beverage Type Segment: Market Attractiveness Index
- 4.3 Caps & Closures Market Size Estimation and Forecast by Beverage Type
- 4.4 Alcoholic Beverage
- 4.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 4.4.2 Market Share by Region, 2024 & 2034 (%)
- 4.5 Non-Alcoholic Beverage
- 4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 4.5.2 Market Share by Region, 2024 & 2034 (%)
5 Caps & Closures Market Analysis by Size
- 5.1 Key Findings
- 5.2 Size Segment: Market Attractiveness Index
- 5.3 Caps & Closures Market Size Estimation and Forecast by Size
- 5.4 Small (Up to 20 mm)
- 5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 5.4.2 Market Share by Region, 2024 & 2034 (%)
- 5.5 Medium (20-50 mm)
- 5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 5.5.2 Market Share by Region, 2024 & 2034 (%)
- 5.6 Large (Above 50 mm)
- 5.6.1 Market Size by Region, 2024-2034 (US$ Billion)
- 5.6.2 Market Share by Region, 2024 & 2034 (%)
6 Caps & Closures Market Analysis by Material Type
- 6.1 Key Findings
- 6.2 Material Type Segment: Market Attractiveness Index
- 6.3 Caps & Closures Market Size Estimation and Forecast by Material Type
- 6.4 Plastic
- 6.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.4.2 Market Share by Region, 2024 & 2034 (%)
- 6.5 Metal
- 6.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.5.2 Market Share by Region, 2024 & 2034 (%)
- 6.6 Rubber
- 6.6.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.6.2 Market Share by Region, 2024 & 2034 (%)
- 6.7 Others
- 6.7.1 Market Size by Region, 2024-2034 (US$ Billion)
- 6.7.2 Market Share by Region, 2024 & 2034 (%)
7 Caps & Closures Market Analysis by Application
- 7.1 Key Findings
- 7.2 Application Segment: Market Attractiveness Index
- 7.3 Caps & Closures Market Size Estimation and Forecast by Application
- 7.4 Beverages
- 7.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.4.2 Market Share by Region, 2024 & 2034 (%)
- 7.5 Food
- 7.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.5.2 Market Share by Region, 2024 & 2034 (%)
- 7.6 Pharmaceutical
- 7.6.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.6.2 Market Share by Region, 2024 & 2034 (%)
- 7.7 Personal Care
- 7.7.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.7.2 Market Share by Region, 2024 & 2034 (%)
- 7.8 Other Applications
- 7.8.1 Market Size by Region, 2024-2034 (US$ Billion)
- 7.8.2 Market Share by Region, 2024 & 2034 (%)
8 Caps & Closures Market Analysis by Product Type
- 8.1 Key Findings
- 8.2 Product Type Segment: Market Attractiveness Index
- 8.3 Caps & Closures Market Size Estimation and Forecast by Product Type
- 8.4 Screw Caps
- 8.4.1 Market Size by Region, 2024-2034 (US$ Billion)
- 8.4.2 Market Share by Region, 2024 & 2034 (%)
- 8.5 Dispensing Caps
- 8.5.1 Market Size by Region, 2024-2034 (US$ Billion)
- 8.5.2 Market Share by Region, 2024 & 2034 (%)
- 8.6 Snap-on Caps
- 8.6.1 Market Size by Region, 2024-2034 (US$ Billion)
- 8.6.2 Market Share by Region, 2024 & 2034 (%)
- 8.7 Crown Caps
- 8.7.1 Market Size by Region, 2024-2034 (US$ Billion)
- 8.7.2 Market Share by Region, 2024 & 2034 (%)
- 8.8 Tamper-Evident Caps
- 8.8.1 Market Size by Region, 2024-2034 (US$ Billion)
- 8.8.2 Market Share by Region, 2024 & 2034 (%)
- 8.9 Other Product Type
- 8.9.1 Market Size by Region, 2024-2034 (US$ Billion)
- 8.9.2 Market Share by Region, 2024 & 2034 (%)
9 Caps & Closures Market Analysis by Region
- 9.1 Key Findings
- 9.2 Regional Market Size Estimation and Forecast
10 North America Caps & Closures Market Analysis
- 10.1 Key Findings
- 10.2 North America Caps & Closures Market Attractiveness Index
- 10.3 North America Caps & Closures Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 10.4 North America Caps & Closures Market Size Estimation and Forecast
- 10.5 North America Caps & Closures Market Size Estimation and Forecast by Country
- 10.6 North America Caps & Closures Market Size Estimation and Forecast by Beverage Type
- 10.7 North America Caps & Closures Market Size Estimation and Forecast by Size
- 10.8 North America Caps & Closures Market Size Estimation and Forecast by Material Type
- 10.9 North America Caps & Closures Market Size Estimation and Forecast by Application
- 10.10 North America Caps & Closures Market Size Estimation and Forecast by Product Type
- 10.11 U.S. Caps & Closures Market Analysis
- 10.12 Canada Caps & Closures Market Analysis
11 Europe Caps & Closures Market Analysis
- 11.1 Key Findings
- 11.2 Europe Caps & Closures Market Attractiveness Index
- 11.3 Europe Caps & Closures Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 11.4 Europe Caps & Closures Market Size Estimation and Forecast
- 11.5 Europe Caps & Closures Market Size Estimation and Forecast by Country
- 11.6 Europe Caps & Closures Market Size Estimation and Forecast by Beverage Type
- 11.7 Europe Caps & Closures Market Size Estimation and Forecast by Size
- 11.8 Europe Caps & Closures Market Size Estimation and Forecast by Material Type
- 11.9 Europe Caps & Closures Market Size Estimation and Forecast by Application
- 11.10 Europe Caps & Closures Market Size Estimation and Forecast by Product Type
- 11.11 Germany Caps & Closures Market Analysis
- 11.12 UK Caps & Closures Market Analysis
- 11.13 France Caps & Closures Market Analysis
- 11.14 Italy Caps & Closures Market Analysis
- 11.15 Spain Caps & Closures Market Analysis
- 11.16 Rest of Europe Caps & Closures Market Analysis
12 Asia-Pacific Caps & Closures Market Analysis
- 12.1 Key Findings
- 12.2 Asia-Pacific Caps & Closures Market Attractiveness Index
- 12.3 Asia-Pacific Caps & Closures Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 12.4 Asia-Pacific Caps & Closures Market Size Estimation and Forecast
- 12.5 Asia-Pacific Caps & Closures Market Size Estimation and Forecast by Country
- 12.6 Asia-Pacific Caps & Closures Market Size Estimation and Forecast by Beverage Type
- 12.7 Asia-Pacific Caps & Closures Market Size Estimation and Forecast by Size
- 12.8 Asia-Pacific Caps & Closures Market Size Estimation and Forecast by Material Type
- 12.9 Asia-Pacific Caps & Closures Market Size Estimation and Forecast by Application
- 12.10 Asia-Pacific Caps & Closures Market Size Estimation and Forecast by Product Type
- 12.11 China Caps & Closures Market Analysis
- 12.12 India Caps & Closures Market Analysis
- 12.13 Japan Caps & Closures Market Analysis
- 12.14 South Korea Caps & Closures Market Analysis
- 12.15 Australia Caps & Closures Market Analysis
- 12.16 Rest of Asia-Pacific Caps & Closures Market Analysis
13 Middle East and Africa Caps & Closures Market Analysis
- 13.1 Key Findings
- 13.2 Middle East and Africa Caps & Closures Market Attractiveness Index
- 13.3 Middle East and Africa Caps & Closures Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 13.4 Middle East and Africa Caps & Closures Market Size Estimation and Forecast
- 13.5 Middle East and Africa Caps & Closures Market Size Estimation and Forecast by Country
- 13.6 Middle East and Africa Caps & Closures Market Size Estimation and Forecast by Beverage Type
- 13.7 Middle East and Africa Caps & Closures Market Size Estimation and Forecast by Size
- 13.8 Middle East and Africa Caps & Closures Market Size Estimation and Forecast by Material Type
- 13.9 Middle East and Africa Caps & Closures Market Size Estimation and Forecast by Application
- 13.10 Middle East and Africa Caps & Closures Market Size Estimation and Forecast by Product Type
- 13.11 GCC Caps & Closures Market Analysis
- 13.12 South Africa Caps & Closures Market Analysis
- 13.13 Rest of Middle East & Africa Caps & Closures Market Analysis
14 Latin America Caps & Closures Market Analysis
- 14.1 Key Findings
- 14.2 Latin America Caps & Closures Market Attractiveness Index
- 14.3 Latin America Caps & Closures Market by Country, 2024, 2029 & 2034 (US$ Billion)
- 14.4 Latin America Caps & Closures Market Size Estimation and Forecast
- 14.5 Latin America Caps & Closures Market Size Estimation and Forecast by Country
- 14.6 Latin America Caps & Closures Market Size Estimation and Forecast by Beverage Type
- 14.7 Latin America Caps & Closures Market Size Estimation and Forecast by Size
- 14.8 Latin America Caps & Closures Market Size Estimation and Forecast by Material Type
- 14.9 Latin America Caps & Closures Market Size Estimation and Forecast by Application
- 14.10 Latin America Caps & Closures Market Size Estimation and Forecast by Product Type
- 14.11 Brazil Caps & Closures Market Analysis
- 14.12 Mexico Caps & Closures Market Analysis
- 14.13 Rest of Latin America Caps & Closures Market Analysis
15 Company Profiles
- 15.1 Competitive Landscape, 2022
- 15.2 Strategic Outlook
- 15.3 Amcor plc
- 15.3.1 Company Snapshot
- 15.3.2 Company Overview
- 15.3.3 Financial Analysis
- 15.3.3.1 Net Revenue, 2019-2023
- 15.3.3.2 R&D, 2019-2023
- 15.3.3.3 Business Segment Revenue Share, 2023 (%)
- 15.3.4 Product Benchmarking
- 15.3.5 Strategic Outlook
- 15.4 Berry Global Group, Inc
- 15.4.1 Company Snapshot
- 15.4.2 Company Overview
- 15.4.3 Financial Analysis
- 15.4.3.1 Net Revenue, 2018-2022
- 15.4.3.2 R&D, 2018-2022
- 15.4.3.3 Regional Revenue Share, 2022 (%)
- 15.4.3.4 Business Segment Revenue Share, 2022 (%)
- 15.4.4 Product Benchmarking
- 15.4.5 Strategic Outlook
- 15.5 Crown Holdings, Inc
- 15.5.1 Company Snapshot
- 15.5.2 Company Overview
- 15.5.3 Financial Analysis
- 15.5.3.1 Net Revenue, 2018-2022
- 15.5.3.2 R&D, 2018-2022
- 15.5.3.3 Regional Revenue Share, 2022 (%)
- 15.5.3.4 Business Segment Revenue Share, 2022 (%)
- 15.5.4 Product Benchmarking
- 15.5.5 Strategic Outlook
- 15.6 Silgan Holdings
- 15.6.1 Company Snapshot
- 15.6.2 Company Overview
- 15.6.3 Financial Analysis
- 15.6.3.1 Net Revenue, 2018-2022
- 15.6.3.2 Regional Revenue Share, 2022 (%)
- 15.6.3.3 Business Segment Revenue Share, 2022 (%)
- 15.6.4 Product Benchmarking
- 15.7 AptarGroup, Inc
- 15.7.1 Company Snapshot
- 15.7.2 Company Overview
- 15.7.3 Financial Analysis
- 15.7.3.1 Net Revenue, 2018-2022
- 15.7.3.2 R&D, 2018-2022
- 15.7.3.3 Regional Revenue Share, 2022 (%)
- 15.7.3.4 Business Segment Revenue Share, 2022 (%)
- 15.7.4 Product Benchmarking
- 15.7.5 Strategic Outlook
- 15.8 BERICAP GmbH & Co KG
- 15.8.1 Company Snapshot
- 15.8.2 Company Overview
- 15.8.3 Product Benchmarking
- 15.9 Guala Closures S.P.A
- 15.9.1 Company Snapshot
- 15.9.2 Company Overview
- 15.9.3 Product Benchmarking
- 15.9.4 Strategic Outlook
- 15.10 Alcopack Group
- 15.10.1 Company Snapshot
- 15.10.2 Company Overview
- 15.10.3 Product Benchmarking
- 15.11 Herti JSC
- 15.11.1 Company Snapshot
- 15.11.2 Company Overview
- 15.11.3 Product Benchmarking
- 15.12 UNITED CAPS
- 15.12.1 Company Snapshot
- 15.12.2 Company Overview
- 15.12.3 Product Benchmarking
- 15.12.4 Strategic Outlook
- 15.13 Caps & Closures Pty Ltd
- 15.13.1 Company Snapshot
- 15.13.2 Company Overview
- 15.13.3 Product Benchmarking
- 15.14 Caprite Australia Pty Ltd
- 15.14.1 Company Snapshot
- 15.14.2 Company Overview
- 15.14.3 Product Benchmarking
- 15.15 Pano Cap Canada Ltd
- 15.15.1 Company Snapshot
- 15.15.2 Company Overview
- 15.15.3 Product Benchmarking
- 15.16 Phoenix Closures
- 15.16.1 Company Snapshot
- 15.16.2 Company Overview
- 15.16.3 Product Benchmarking
- 15.16.4 Strategic Outlook
- 15.17 MJS Packaging
- 15.17.1 Company Snapshot
- 15.17.2 Company Overview
- 15.17.3 Product Benchmarking
16 Conclusion and Recommendations
- 16.1 Concluding Remarks from Visiongain
- 16.2 Recommendations for Market Players