Metal Closures Market Size, Share & Industry Analysis, By Material (Aluminum, Steel, and Tin), By Type (Crown, Can-Ends, Screw, Twist, and Others), By End Use (Food & Beverages, Pharmaceuticals, Consumer Goods, Personal Care & Cosmetics, and Others), and Regional Forecast, 2024-2032

The global metal closures market size was valued at USD 25.17 billion in 2023. It is projected to be worth USD 26.42 billion in 2024 and reach USD 41.14 billion by 2032, exhibiting a CAGR of 5.69% during the forecast period.

A metal closure is a piece of metal used to seal a container, such as a jar, bottle, or can. The rising adoption of these closures in major end-use industries, such as food & beverage, pharmaceutical, and home care will lead to the market’s expansion.

Crown Holdings Inc. and Tecnocap Group are the leading manufacturers, accounting for the largest market share.

MARKET DYNAMICS

MARKET DRIVERS

Increasing Utilization of Metal Closures in Food & Beverages Industry to Propel Market Growth

The increasing utilization of metal caps and closures in the food and beverage industry is a key factor driving the global metal closures market growth. These closures extend the shelf life of food products by maintaining their texture, color, and flavor. In addition, they preserve the freshness of the consumables for a longer period. The rising demand for alcoholic drinks, beer, ready-to-eat meals, dairy foods, and other products will also support the market’s growth.

• According to the Ministry of Food Processing Industries, the production of alcoholic drinks has risen by 23.8%, which in turn, will boost the metal closures market development.

Remarkable Benefits Offered by Metal Closures to Enhance Market Growth

The versatility of metal caps and closures will boost their usage in food & beverage, cosmetics, pharmaceutical, and household sectors. These closures are more durable than other bottle caps and less likely to break or deform. They can withstand transportation, handling, and storage. In addition, they can be customized to improve the product's aesthetic appeal, owing to which several brands use different colors and designs on closures to make their products stand out. Moreover, the superior barrier and anti-corrosion properties boost their usage in varied sectors, thus driving the market’s growth.

MARKET RESTRAINTS

High Cost and Availability of Alternatives to Obstruct Market Growth

Metal closures are more expensive than their alternatives like plastic or cork, which in turn, can limit their adoption, especially among smaller businesses. These closures also face competition from their plastic alternatives. Plastic closures offer cost-effectiveness and lightweight properties, owing to which they are gaining huge traction among several end-use industries, thus restraining the market’s growth.

MARKET OPPORTUNITIES

Burgeoning Demand for Sustainable Packaging Solutions Will Generate Market Growth Opportunities

There has been a rise in concern over environmental pollution and health hazards caused by plastic packaging products. Such factors have played a significant role in increasing the adoption of environment-friendly options, such as metal caps and closures. The rising demand for sustainable raw materials in packaging solutions will generate profitable market growth opportunities. Consumers are also increasing their preference for products that are designed with environment-friendly and recyclable raw materials, thus boosting the market’s growth.

MARKET CHALLENGES

Complex Safety Standards Associated With Closures Can Challenge Market Growth

Compliance with safety and quality standards is complex, impacting manufacturers’ ability to launch new products. Manufacturers must assess and comply with a variety of regulations and standards of safety, environmental impact, labeling, and product specifications. These regulations are often subject to change, so manufacturers are required to stay up to date, which can challenge the market’s growth.

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MARKET TRENDS

Surge in E-Commerce Platforms to Emerge as Key Trend

Rapid growth and adoption of e-commerce and social media is expected to drive the demand for metal caps and closures across the globe. Increasing sales of beverages, personal care, home care, and food products via e-commerce platforms will accelerate the expansion of the market and emerge as a key trend to the market’s growth.

IMPACT OF COVID-19

The sudden emergence of the COVID-19 pandemic impacted major industries globally. Caps and closures are the final constituents in the packaging of several goods to maintain the reliability of the product. They were primarily adopted in food & beverages, pharmaceuticals, cosmetics, and household goods during the COVID-19 pandemic, which, in turn, boosted the market’s growth.

SEGMENTATION ANALYSIS

By Material

Potential Benefits Offered by Aluminum Material Boosts Its Demand

Based on material, the market is segmented into aluminum, steel, and tin.

Aluminum is the dominating segment and will experience noteworthy growth. The material is gaining popularity in manufacturing closures as it provides several benefits. Aluminum is easily recyclable, lightweight, corrosion-resistant, cost-effective, tamper-evident, and meets all the safety requirements needed to manufacture closures. In addition, recycling aluminum requires about 95% less energy than its primary production, thus contributing to the segment’s growth.

Steel is the second-dominating segment. The material can be recycled indefinitely and is less likely to break or deform, making it an ideal solution for long-term storage and leading to the segment’s growth.

By Type

Sustainability and Convenience of Crown Closers Contribute to Its Market Dominance

Based on type, the market is segmented into crowns, can-ends, screws, twists, and others.

The crown is the dominating segment and expected to witness exponential growth during the forecast period. Crown closures offer convenience as they are easier to open. Moreover, they can be customized with messaging, logos, nutritional value on the metal disc, and different flavors can be easily communicated. They are designed to be lighter and more economical with a lower environmental impact, thus contributing to the segment’s growth.

Twist closures are the second-leading segment. Metal twist closures are used to create a vacuum seal that removes air from the container and eliminates the risk of spoilage, contamination, and oxidation, further extending the shelf life of products.

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Increasing Utilization of Metal Closures in Food & Beverages Sector Propels Segmental Growth

Based on end use, the market is segmented into food & beverages, pharmaceuticals, consumer goods, personal care & cosmetics, and others.

Food and beverages are the leading segment and predicted to experience remarkable growth during the forecast period. Metal caps provide excellent vacuum sealing, facilitated by a unique design, which is a cornerstone in preserving food quality and safety. They also ensure that the products remain fresh from the production line to consumer’s hands and provides a secure seal that is suitable for various food and beverage products owing to which they are majorly utilized in the food and beverages sectors, thus encouraging the segmental growth.

Pharmaceuticals are the second-leading segment. These closures help maintain the sterility of parenteral pharmaceuticals and prevent contamination when a needle is inserted into a vial, thus gaining huge popularity in the pharmaceutical sector.

METAL CLOSURES MARKET REGIONAL OUTLOOK

The market has been studied geographically across five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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Augmenting Demand for Closures in Pharmaceutical Sector to Aid Market Growth in Asia Pacific

Asia Pacific is the dominating region in the global metal closures market share. The region's burgeoning pharmaceutical manufacturing, coupled with regulatory shifts, is boosting the demand for value-added, child-safe, and senior-friendly caps and closures. The surging adoption of child-safe and tamper-evident closures and growing pharmaceutical sector in the region will surge the market’s development.

• According to the Department of Pharmaceuticals, the Indian pharmaceutical industry ranks third globally in pharmaceutical production by volume. During FY18 to FY23, the Indian pharmaceutical industry recorded a growth rate of 6-8%, majorly driven by an 8% increase in exports.

Rising Beverage Consumption to Drive North America Market Growth

The North American metal closures market will experience significant growth during the forecast period. The growing awareness of health & wellness, increasing utilization of metal caps & closures across several end-use industries, and rising consumption of beverages in the U.S. will support the market growth.

• According to the Container Recycling Institute, Americans buy more drinks per capita every year than any other population, around 13% higher per capita than the second-placed Belgium. The rising utilization of beverages is boosting the growth of the metal caps and closures industry in the region.

Increasing Initiatives Toward Metal Recycling Will Enhance Europe’s Market Growth

Europe's metal caps and closures market is growing enormously. The rising demand for eco-friendly products is propelling the adoption of metal caps and closures. The rise in metal recycling initiatives in the region will also drive the market’s growth.

• The Association of European Producers of Steel for Packaging (APEAL) reported that the recycling rate for steel packaging in Europe reached 85.5% in 2020, marking an increase for the 10th consecutive year. According to APEAL, the recycling rate for steel packaging increased by 1.5% compared to the 2019 figures, bringing the total to what it calls an “all-time high” of 85.5%.

Rising Adoption in Food & Beverages Sector Propels Market Growth in the Latin America Region

Latin America will experience steady growth in the forthcoming years owing to the augmenting demand for metal closures from the growing food & beverage sector. The product’s rising adoption in the food & beverage sector due to its durability, recyclability, and superior leak-proof and contamination-resistant qualities will accelerate the market growth in the region.

Surge in Food & Beverage Sector to Fuel Market Development in Middle East & Africa

There is a growing emphasis on sustainability, with manufacturers increasingly opting for eco-friendly materials to align with consumer preferences for recyclable packaging. The growing millennial population in the Middle East & African population’s high demand for food and beverages will accelerate the market’s growth across the region.

• According to the National Institutes of Health, 67% of customers consume soft drinks weekly, while 30% consume energy drinks on a weekly basis. In addition, the ubiquitous presence and societal acceptance of these drinks on different occasions, such as workplaces and social gatherings encourage regular consumption, driving the market’s growth.

COMPETITIVE LANDSCAPE

KEY INDUSTRY PLAYERS

Key Market Participants to Witness Significant Growth Opportunities With New Product Launches

The global metal closures market is highly fragmented and competitive. A few significant players are dominating the market by offering innovative packaging solutions in the packaging industry. These major market players are focusing on expanding their customer base across regions by innovating their existing range of products. The report also highlights the key developments by manufacturers.

Major players in the industry include Crown Holdings Inc., Silgan Holdings Inc., Guala Closures Group, Tecnocap Group, Sonoco Products Company, CL Smith Company, and others. Numerous other companies operating in the market are focused on delivering advanced packaging solutions.

Some of the Key Companies Profiled in the Report:

• Crown Holdings Inc. (U.S.)


• Silgan Holdings Inc. (U.S.)


• Guala Closure Group (Italy)


• Tecnocap Group (Italy)


• Sonoco Products Company (U.S.)


• CL Smith Company (U.S.)


• Closure Systems International Inc. (U.S.)


• Amcor Plc (Switzerland)


• Berry Global (U.S.)


• AptarGroup Inc. (U.S.)


• Nippon Closures Co. Ltd. (Japan)


• Pelliconi & C. SpA (Italy)


• O. Berk Company (U.S.)


• MJS Packaging (U.S.)


• Finn-Korkki Oy (Finland)

KEY INDUSTRY DEVELOPMENTS:

• In June 2024, Mondi collaborated with Cemex and introduced its ground-breaking SolmixBag by bringing it to the construction industry in the Mallorca, Balearic Islands of Ibiza, and Menorca. SolmixBag is a one-ply paper bag developed from 100% kraft paper that easily stores and transports products, such as screed, dry cement, and coarse pre-mixes.


• In April 2023, ProAmpac, a leader in flexible packaging and material science, declared the launch of its patent-pending PRO-EVO Recyclable platforms. The newest addition to the ProActive Recyclable series of products, PRO-EVO Recyclable is an efficient multiwall paper-based Self-Opening-Sack (SOS) bag certified for curbside recycling and is best suited for dry pet food.


• In January 2022, Huhtamaki declared the acquisition of full ownership of its paper bag joint venture located in Poland. The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland. Paper bags have gained an important position in Huhtamaki’s product offerings and the acquisition further enabled the company to invest in and expand its business in Eastern Europe.


• In April 2021, Huhtamaki announced the acquisition of Jiangsu Hihio-Art Packaging Co. Ltd, a leading manufacturer of paper bags, wraps, and folding carton packaging in China. With this acquisition, Huhtamaki continued to strengthen its position as the leading foodservice packaging provider in Asia. It expanded its product portfolio in China, allowing it to better serve its existing and new customers in this market.


• In October 2020, Mondi, a leading global packaging and paper manufacturer, partnered with Adelaide Brighton Cement and Pope Packaging and launched a new water-resistant paper bag called Rain Barrier. It was developed with Mondi’s Advantage Protect White sack kraft paper, for the Australian construction market. The paper is rain-resistant for up to six hours and can easily resist water ingress for up to five full days when stored in damp conditions.

INVESTMENT ANALYSIS AND OPPORTUNITIES

In March 2020, Tecnocap declared its entry into India and signed a joint venture deal with the Indian producer of plastic and metal packaging, Oricon Enterprise. According to the agreement, both the companies will set up a new company, Tecnocap Oriental. The Tecnocap Group will control 75% of the share capital through the acquisition of Oricon’s metal lug business, which holds the remaining 25% of the new company.

REPORT COVERAGE

The report provides a detailed market analysis. The market overview also focuses on key aspects, such as top players, competitive landscape, product/service types, market segments, Porter’s five forces analysis, and leading segments of the product. Besides, it offers insights into the market trends and highlights key industry developments. In addition to the abovementioned factors, the report encompasses several factors that have contributed to the market’s growth in recent years.

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REPORT SCOPE & SEGMENTATION