Global Caps & Closures Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Caps & Closures offers efficient product packaging. These are easy to open and provide clamshell packaging, blister pack and close bottle packaging, etc. The Caps & Closures market is expanding because of factors such as increasing demand for packaged products across the food and beverage industry and awareness and concerns about product safety. According to the Global Food Market (Economic Research Services) in 2020, the global sales of packaged food reached around USD 1,976 billion in 2022. The major region such as the United States, Europe, and the Asia Pacific are dominating the sales and demand for packaged food products. It includes the United States, Germany, Japan, India, etc. Whereas rising demand for bottled water and emerging economies across the globe create lucrative opportunities for the market. However, the threat of substitutes hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Caps & Closures Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the space in terms of revenue, owing to the rising demand and adoption of packaged food and bottled beverages, rising consciousness towards hygiene, etc. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising health awareness, higher disposable income, etc.
Major market players included in this report are:
RPC Group PLC (UK)
Crown Holdings Incorporation (US)
Amcor Limited Plc (Australia)
Rexam PLC (UK)
Berry Plastics Corporation (US)
Silgan Holdings Inc. (US)
AptarGroup Incorporated (US)
Guala Closures Group (Italy)
Recent Developments in the Market:
In June 2020, Silgan Holdings acquired the packaging company Albea (France). With this acquisition, Silgan Holdings managed the dispensing business of Albea in France. Its dispensing business includes the supplies of sprayers, pumps, and foam dispensing solutions to wider consumers along with personal care and beauty markets. The business operates 10 manufacturing plants located across North America, Europe, South America, and Asia.
In July 2020, Berry Global Group acquired RPC Group. This acquisition has broadened its geographical footprint including 290 locations in North and South America, Europe, Asia, Africa, and Australia.
Global Caps & Closures Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Raw Material, Type, End-Use Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Raw Material:
Plastic Caps & Closures
Metal Caps & Closures
Other Caps & Closures
By End-Use Industry:
Cosmetics & toiletries
Rest of the World