Cap & Closure Market Report: Trends, Forecast and Competitive Analysis to 2030

Cap & Closure Trends and Forecast

The future of the global cap & closure market looks promising with opportunities in the food, beverage, healthcare, and cosmetics & toiletries markets. The global cap & closure market is expected to reach an estimated $98.3 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing demand for alcoholic & non-alcoholic beverages, growing knowledge of the advantages of eating a healthy diet, and increasing demand globally for bottled water.

A more than 150-page report is developed to help in your business decisions.

Cap & Closure by Segment

The study includes a forecast for the global cap & closure by type, raw materials, end use, and region.

Cap & Closure Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Plastic Caps & Closures
• Metal Caps & Closures
• Others Caps & Closures

Cap & Closure Market by Raw Materials [Shipment Analysis by Value from 2018 to 2030]:

• Plastic
• Metals
• Others

Cap & Closure Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Food
• Beverage
• Healthcare
• Cosmetics & Toiletries
• Others

Cap & Closure Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cap & Closure Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cap & closure companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cap & closure companies profiled in this report include-

• Crown
• Amcor
• Closure Systems International
• Ball
• Silgan Holding
• Berry
• Aptar

Cap & Closure Market Insights

Lucintel forecasts that plastic is expected to witness highest growth over the forecast period due to long life span, requirement for reclose-ability, the desired product image, as well as, reduced biodegradability and carbon dioxide emissions during manufacturing.

APAC is expected to witness highest growth over the forecast period because of rising consumption of packaged and processed foods and beverages along with rising disposable incomes.

Features of the Global Cap & Closure Market

Market Size Estimates: Cap & closure market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cap & closure market size by type, raw materials, end use, and region in terms of value ($B).

Regional Analysis: Cap & closure market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, raw materials, end use, and regions for the cap & closure market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cap & closure market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the cap & closure market size?

Answer: The global cap & closure market is expected to reach an estimated $98.3 billion by 2030.

Q2. What is the growth forecast for cap & closure market?

Answer: The global cap & closure market is expected to grow with a CAGR of 5.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the cap & closure market?

Answer: The major drivers for this market are growing demand for alcoholic & non-alcoholic beverages, growing knowledge of the advantages of eating a healthy diet, and increasing demand globally for bottled water.

Q4. What are the major segments for cap & closure market?

Answer: The future of the global cap & closure market looks promising with opportunities in the food, beverage, healthcare, and cosmetics & toiletries markets.

Q5. Who are the key cap & closure market companies?

Answer: Some of the key cap & closure companies are as follows:

• Crown
• Amcor
• Closure Systems International
• Ball
• Silgan Holding
• Berry
• Aptar

Q6. Which cap & closure market segment will be the largest in future?

Answer: Lucintel forecasts that plastic is expected to witness highest growth over the forecast period due to long life span, requirement for reclose-ability, the desired product image, as well as, reduced biodegradability and carbon dioxide emissions during manufacturing.

Q7. In cap & closure market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because of rising consumption of packaged and processed foods and beverages along with rising disposable incomes.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cap & closure market by type (plastic caps & closures, metal caps & closures, and others caps & closures), raw materials (plastic, metals, and others), end use (food, beverage, healthcare, cosmetics & toiletries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?