According to Arizton’s latest research report, the caps & closures market is growing at a CAGR of 4.91% during 2024-2030.
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Report Summary
Market Size (2030): $92.95 Billion
Market Size (2024): $69.72 Billion
CAGR (2024-2030): 4.91%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Material, Application, and Geography
Geographic Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
The global caps and closures market is experiencing significant growth. Key sectors like healthcare, food and beverages, and personal care are fueling this growth, with a focus on safety, premium quality, and durability. Personalized closures with logos and QR codes are gaining popularity for branding, while sustainability is becoming a top priority with increased adoption of biodegradable and recyclable materials. Leading players such as Amcor, AptarGroup, and Ball Corporation are driving innovation, positioning the market for continued expansion and transformation in the years ahead.
Food & Beverage Industries to Hold the Major Share
The food and beverage sector is a key driver in the caps and closures market, with rising demand for packaged products, innovations in packaging technology, and shifting consumer preferences for convenience, freshness, and safety. Metal caps are preferred for carbonated drinks due to their durability and ability to maintain carbonation, while plastic closures dominate for juice, water, and dairy products due to their cost-effectiveness, recyclability, and strength. In addition, tamper-evident features and premiumization trends are driving the demand for caps across various applications, from sauces and condiments to alcoholic beverages, which require specialized closures like corks and screw caps.
APAC the Powerhouse in the Cap & Closures Market
The APAC caps and closures market is the largest and fastest-growing globally. China and Japan are the dominant players in the region, followed by India, South Korea, and Australia.
The food and beverage industry remains a major consumer of caps and closures, fueled by the increasing demand for dairy products and packaged foods. The region’s population growth has led to a heightened need for food production, further boosting the demand for a wide variety of closures.
In the healthcare sector, countries like India and China have seen significant growth post-pandemic, creating a need for various closures in medicines, syrups, and other healthcare items. Additionally, heightened awareness of personal hygiene is driving the demand for personal care products, which also relies on caps and closures.
Sustainability is another growing trend, with a focus on bio-based and recyclable materials. Manufacturers are also prioritizing the development of lightweight closures to reduce costs and material usage. Meanwhile, concerns over counterfeiting and product safety are increasing the adoption of tamper-evident closures.
Recent Vendor Activities
Key Vendors
Segmentation & Forecasts
Material
Application
Geography
APAC
North America
Europe
Latin America
Middle East & Africa
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Key Questions Answered in the Report:
How big is the global caps & closures market?
What is the growth rate of the global caps & closures market?
Which material segment has the largest share in the global caps & closures market?
Which market segment provides more business opportunities in the global caps & closures market?
Which region holds the largest share in the global caps & closures market?
Who are the major players in the global caps & closures market?
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