Caps And Closures Market Size, Share & Trends Analysis Report By Product (Dispensing Caps, Screw, Crown), By Material (Plastic, Metal), By Application (Food, Cosmetics & Toiletries), By Region, And Segment Forecasts, 2021 - 2030

Report Overview

The global caps and closures market size was valued at USD 88,042.2 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2030. Growing demand for various food products and alcoholic & non-alcoholic beverages is anticipated to drive market growth. Caps & closures act as a barrier and prevent the packaged contents from getting exposed to ambient air, light, and dust particles, and thus expanding the product’s shelf life. Tight seals are essential in food & beverage packaging as these products are prone to microbial attacks. A food-grade material is therefore required for covering the containers. Caps & closures have applications in several other end-use industries, such as pharmaceutical, personal care & home care, and automotive.

Moreover, rising awareness about the benefits of healthy eating is likely to boost the demand for dietary supplements, which will further drive demand for packaging products. Council for Responsible Nutrition (CRN) conducted a consumer survey in 2020 on dietary supplements, wherein vitamins and minerals were consumed by 98% of the participants, followed by herbals and botanicals used by 44%, sports nutrition by 30%, and weight management supplements by 19%. All these factors are expected to contribute to market growth.

The alcoholic beverage industry was negatively impacted in the wake of the COVID-19 pandemic due to the closure of resorts, hotels, and bars in the year 2020. However, countrywide lockdown restrictions across the globe increased at-home consumption of beverages, such as beer. As per the National Beer Wholesalers Association, the share of beer cans increased to 67% in 2020 from 60% in 2019 among all the packaging types for beer. This is attributed to the fact that cans are more likely to be used for at-home consumption due to their convenient packaging size, giving a boost to metal can closure demand.

Raw material suppliers are focusing on offering materials with excellent packaging properties that allow closure manufacturers to produce customized designs. For instance, in May 2018, SABIC, which is one of the key players in plastic materials production, launched a new line of Polypropylene (PP) and Polyethylene (PE), specifically intended to be used for caps & closures. The company has developed a new multi-modal grade of HDPE having organoleptic properties and Environmental Stress Cracking Resistance (ESCR). These properties will enable the cap manufacturers to develop lightweight closures as well as closures that do not affect the taste of the packaged contents, such as bottled water.

Companies are also focusing on procuring recycled materials for caps manufacturing. Post-Consumer Recycled aluminum, steel, and plastic are being explored, which can be processed further and used as raw materials. For example, in October 2020, Closure Systems International launched a beverage closure made from 30% PCR content in partnership with Coca-Cola to increase product sustainability.

Material Insights

The plastic segment held the highest market share of over 54% in 2020, in terms of revenue, and is estimated to expand further at the fastest CAGR over the forecast period. Plastic material poses environmental concerns due to lower degradability as well as CO2 emissions taking place during its production. The trend of recycling is therefore emerging in the manufacturing of caps & closures with numerous companies making use of recycled content as raw material to minimize dependence on virgin plastic. For instance, Menshen and Borealis AG launched ten packaging closures in September 2020, that are manufactured using 50% PCR polypropylene.  These are intended to be used for laundry and home care products.

Metal, on the other hand, is more sustainable and durable as compared to plastic material and therefore gaining traction in the market. Metal closures are widely used for covering beverage glass bottles, metal cans of food products, as well as bottles of pharmaceuticals. In January 2017, Crown launched new metal closures, to be used for PET-based containers.

Other materials, such as glass and wood, are gaining popularity as these materials offer robust sealing solutions as well as provide aesthetic appeal to the packaging. For instance, Vinolok, a.s. offers glass closures in classic, edge, and premium range with a wide variety of shapes and customization options. Therefore, glass and wooden corks or stoppers are used for wine bottles and for perfumery glass bottles that can retain the perfume fragrance for a longer time.

Application Insights

The food segment held the highest revenue share of over 26% in 2020 and will retain the leading position throughout the forecast period. Rising consumption of packaged food products, Ready-To-Eat (RTE) meals, and on-the-go snacks is anticipated to drive the segment growth over the forecast period. The growing consumption of non-alcoholic beverages is also likely to support segment growth. The emergence of functional beverages including energy & sports drinks, probiotic beverages, meal replacers, and fruits & vegetable-based beverages that can be packaged in glass & plastic bottles or metal cans is further likely to spur the segment growth.

In the pharmaceutical segment, caps & closures are used for sealing bottles and cans of drugs, supplements, saline bottles, and vaccine vials among others. The growing demand for senior-friendly as well as child-resistant closures that minimize the incidences of accidental ingestion of Over-The-Counter (OTC) medications by infants and children is expected to augment the demand for caps & closures in this segment over the forecast period. Companies are focusing on developing innovative closures using medical-grade materials to ensure the safety of medical instruments. Various types of capping products are used to cover and protect the tips and ends of such instruments in the healthcare segment.

The cosmetics & toiletries segment is estimated to register the fastest CAGR of more than 5.5% during the forecast years. The growing usage of various cosmetics is expected to propel the demand for cosmetic packaging products. Lip care and nail care products are usually packaged in plastic closures as they offer low-cost solutions to cosmetics manufacturers. The automotive segment is also estimated to record significant growth over the forecast period. Motor oil and other car-care products require effective sealing options, such as screw cap closures with liner. As per the European Automobile Manufacturers Association, in 2019, motor vehicle volume was pegged at 92.8 million across the globe. Therefore, escalating usage of vehicles is projected to contribute to the growth of the automotive segment.

Other applications include paints, home care products, and insect repellents. Home care products include laundry and dishwashing detergents, floor cleaners, surface cleaners, and toilet cleaners. In July 2018, Henkel launched new closure for its Persil laundry detergent. The closure features a two-piece dispensing system that has a spout part and a cap part, which can be used directly for dosing as per requirement or can be placed in the washing machine for dispensing.

Product Insights

The dispensing caps segment held the highest revenue share of over 34% in 2020 and will register the fastest CAGR during the forecast period. Dispensing caps of various types including pumps, triggers, and flip flops among others, are used in a majority of end-use industries, such as food, cosmetics, pharmaceutical, and automotive. Availability of various types of dispensing caps according to the product being packaged, convenience in usage, and controlled flow of the packaged product are anticipated to boost the growth of this segment.

Screw caps are the caps containing threading inside the cap that is necessary to seal the container closely. Metal screw caps are widely used for bottles of cough syrups, tonics, or tablets. These closures help prevent the medicines from moisture and contamination. BERICAP offers screw caps that are suitable for a tin plate container under automotive applications. These caps have a tear-off seal providing a tamper evidence solution.

Crown closures are primarily made up of metal and have crown-like structures. Crown closures are predominantly used for glass bottles of beer, energy drinks, and soft drinks. As per data released by Kirin Holdings Company, Ltd., in 2018, the global consumption of beer was about 298.2 billion bottles with a 633 ml capacity. Thus, the rising consumption of beverages is expected to lead to increasing demand for packaging closures.

Moreover, metal cans with metal closures are majorly used for storing food products, such as fish, supplement powders, infant formula, pet food, and beer. Canning helps to keep the food fresh, retaining its nutrient value, which, in turn, is expected to fuel the consumption of canned food products. Aerosol cans are used for packaging air fresheners, deodorants, insecticides, and polishes. Silgan Dispensing Systems offers Ergosol Max, a trigger-activated aerosol sprayer that has an integrated cap/trigger/manifold system. Such an integrated system helps in reducing the costs of parts assembly.

Regional Insights

Asia Pacific was the largest regional market in 2020 accounting for a revenue share of over 41% in 2020. The regional market is likely to expand further at the fastest CAGR over the forecast period. The presence of highly populous countries, such as China and India, along with the growing food & beverage industry is expected to drive the regional market. Furthermore, burgeoning demand for cosmetics and toiletries from countries, such as Japan and South Korea, is expected to boost the caps & closures consumption.

North America held a significant revenue share in 2020 due to the increased consumption of alcoholic and non-alcoholic beverages in countries, such as the U.S. and Canada. The introduction of new types of beverages in the region is expected to further accelerate demand for its packaging products. For instance, in April 2021, a joint venture between Molson Coors Beverage Company and HEXO Corp., called Truss CBD USA, introduced five types of CBD beverages in Canada. Two of these beverages, including ‘The House of Terpenes Valencene & Sparkling Tonic’ and ‘Mollo 5 Lime’ use glass bottle packaging with crown closures while the other three products are packaged in metal cans.

Central and South America held a comparatively lower market share in 2020. However, it is likely to grow rapidly with rapid urbanization and rising spending on consumer goods in countries, such as Brazil. As per the Brazilian Aerosol Association, the total consumption of aerosols was 1.39 billion units in 2019. The highest number of aerosol units accounting for about 700,521,869, were produced under the personal care category (including hair sprays, deodorants, shaving foams, etc.) followed by 304,641,942 aerosol units produced under the household care category (including air fresheners, insecticides, cleaners, etc.) in Brazil in 2019. Therefore, the growth of various end-use industries, such as personal care, home care, and food & beverage, in the region is expected to drive the market for caps & closures.

Key Companies & Market Share Insights

The market is characterized by the presence of multinational as well as regional players and several public-listed companies across the globe, making the market competitive. Key players mainly cater to the demand from the food & beverages, pharmaceutical, and beauty products industries.

Large-sized packaging companies are anticipated to expand their aluminum-based packaging portfolio as well as focus on the use of less toxic materials in the product. For instance, in May 2017, Crown introduced its new closures that are made of a PVC-free compound, which can be used for pasteurized and sterilized products, such as sauces or cooked vegetables.

Companies are thriving to provide differentiated solutions for customers, such as customized cap printing and coating services. The manufacturers in the industry can build a competitive edge to stand out in the market by providing highly specialized products, including caps and closures with BPA-free material, attractive colors, and printing compatible surfaces. For instance, in April 2018, Ball Corp. introduced the Cameo End Printing service for beverage cans. Some of the prominent players in the global caps and closures market include:

• Crown

• Amcor plc

• Closure Systems International

• Ball Corp.

• Silgan Holding, Inc.

• Berry Global, Inc.

• AptarGroup, Inc.

• BERICAP

• Nippon Closures Co. Ltd.

• Sonoco Products Company

Caps And Closures Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global caps & closures market report on the basis of material, product, application, and region:

• Material Outlook (Revenue, USD Million, 2017 - 2030)

  • Plastic

  • Metal

  • Others

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Dispensing Caps

  • Screw Closures

  • Crown Closures

  • Aerosol Closures

  • Others

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Food

  • Beverages

    • Functional Beverages

      • CBD Beverages

  • Healthcare

  • Cosmetics & Toiletries

  • Automotive

  • Pharmaceutical

    • Dietary Supplements

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

  • Central & South America (CSA)

    • Brazil

  • Middle East & Africa (MEA)

    • Saudi Arabia