Aluminium Caps for Packaging Market Size, Share & COVID-19 Impact Analysis, By Product Type (Push/Pull Caps, Screw Caps, Crown Cork, Lugs, and Others), By End User (Food & Beverage, Pharmaceutical, Personal Care & Cosmetic, and Others), and Regional Forecast, 2024-2032

Aluminium caps are broadly used in the packaging industry due to their excellent durability, sealing properties, and corrosion resistance, boosting market growth. Aluminium caps protect goods against external contamination, increasing the demand for aluminium caps for packaging. The rising consumption of non-alcoholic and alcoholic beverages packaged in the products such as bottles, jars, and containers is boosting the growth of aluminium caps for the packaging market. Moreover, the increasing international trade of food & beverage results in the need for effective packaging solutions; such factors propel the demand for aluminium caps for the packaging market. Aluminium caps are also known for their tamper-evident features, and it is commonly preferred in the packaging industry due to their recyclability and versatility. Such elements of aluminium caps augment the market growth.

• For instance, in April 2023, UA Packaging launched lightweight and sustainable double PCS aluminium caps, which are known to correct all of the shortcomings of the single-piece one, such as visible thread and easy deformation.

Increasing demand for convenience food is compelling the growth of aluminium caps. The growing need for closures that are easy to open, user-friendly, and convenient to use is increasing market growth. The rising popularity of screw caps and pull caps in various product groups such as skin care, body care, and beverages is set to spur the growth of aluminium caps for the packaging market globally.

The aluminium caps market is restrained due to the growing usage of packs without closure, such as blister packaging and pouch. Many FMCG companies adopt pouch packaging as an innovative packaging tool to provide convenience to the consumer, and plastic caps restrain the growth of the aluminium caps market.

IMPACT OF COVID-19 ON THE ALUMINIUM CAPS FOR THE PACKAGING MARKET

The global aluminium caps for the packaging market witnessed a moderate decrease in its growth rate during the COVID-19 pandemic. Difficulties locating the supplies and the workforce required to make these goods negatively impacted the aluminium caps for the packaging market. During the post-pandemic period, the demand for packaged food and drinks and the need for aluminium caps and closures have increased. The aluminium caps market is expected to increase significantly to comply with the new safety and health standard.

SEGMENTATION

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Aluminium Caps for Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Aluminium Caps for Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into push/pull caps, screw caps, crown cork, lugs (press twist), and others. Screw caps hold the largest share in the global aluminium caps for packaging market as screw caps provide better insulation for the wine from oxygen and are cost-effective. Screw caps are widely used in the beverage industry as they provide easy and convenient opening and closing mechanisms.

ANALYSIS BY END USER

Based on end user, the market is segmented into food & beverage, pharmaceutical, personal care & cosmetics, and others. Food & beverage holds the largest share in the global aluminium caps for packaging market due to the rising consumption of packaged food & beverage products. The growing consumption of alcoholic and non-alcoholic beverages, including energy & sports drinks and fruit & vegetable drinks, supports the segment's growth.

REGIONAL ANALYSIS

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The aluminium caps for packaging market have been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the leading region in the aluminium caps for packaging market due to the increased population, urbanization, and industrialization augmenting the market growth. The easy availability of raw materials boosts the production of these products in the region. Europe accounts for the second largest share due to the increased disposable income coupled with the growing number of manufacturing industries and the growing retail sector in the region. North America is anticipated to increase due to the growing demand for alcoholic beverages in the countries that are the U.S. and Canada. Furthermore, new beverage types in the region are further expected to increase the demand for aluminium caps for the packaging market. The Middle East & Africa is expected to have significant regional growth due to rising packaging product demand for various industries such as food & beverage, automotive, and cosmetics. Latin America is anticipated to have stable growth due to the increasing demand for rigid packaging from the region's pharmaceutical and food & beverage industries.

KEY PLAYERS COVERED

The report will include profiles of key players such as Amcor, Closure Systems International, Pelliconi, Tecnocap Group, The Cary Company, Guala Closures SpA, Federfin Tech S.r.l., ALUTOP, Hicap Closures Co., Ltd., Crown Holdings, Inc., among others.

KEY INDUSTRY DEVELOPMENTS

• June 2023 - Cameo Metal Products partnered with the online storefront Impacked, launching its new range of premium glass products along with aluminium jar covers and matching glass jars. Cameo provides a complete premium package at great value by expanding its stock catalog and custom options, including bottles and glass jars.


• September 2021 - TricorBraun, a packaging leader, acquired Cormack Packaging, a leading packaging supplier in New Zealand and Australia. The purpose of the acquisition is to expand its footprint in the region.


• June 2021 - BERICAP, one of the leading manufacturers of caps & closures, acquired aluminium closure expert Mala Verschluss-Systeme GmbH. The acquisition will expand BERICAP by extending its product portfolio, including aluminium closures.