Caps & Closures Market to Exhibit a CAGR of 6.07% between 2023-2030; Customized and Eco-Friendly Packaging Demands to Aid Growth

The global caps & closures market was valued at USD 69.88 billion in 2022. The market is projected to grow from USD 73.49 billion in 2023 to USD 111.02 billion by 2030, exhibiting a CAGR of 6.07% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Caps & Closures Market Size, Share & COVID-19 Impact Analysis, By Material (Plastic, Metal, and Others), By Product Type (Tethered Caps, Push/Pull Caps, Screw Caps, and Others), By End Use Industry (Food & Beverages, Pharmaceutical, Consumer Goods, Personal Care & Cosmetics, and Others), and Regional Forecasts, 2023-2030”.

Biodegradable caps and closures are produced using substances that decompose naturally in the environment, such as biodegradable polymers or plant-based plastics. After utilization, they can be recycled or composted to have less of an impact on the environment. However, reusable caps and closures are constructed of recyclable materials like PET or aluminum.

Market Witnessed Surge in Demand During Pandemic

The pandemic's unexpected emergence had conflicting effects on the market. Delays in the production and shipment of raw materials and finished items had an adverse impact on the supply of caps and closures. However, the market is growing as the regulations are lifted. The shutdowns led to a rise in demand for creative and innovative packaging solutions, further expanding the market’s economic potential.

Guala Closure’s Acquisition Improved Company Position in the Market

Guala Closures, an established manufacturer of closures for bottles of drink, liquor, oil, and wine, acquired Labrenta in July 2022. Guala Closure's presence in the luxury market was bolstered by the acquisition.

Several Sustainable Properties of Lightweight Caps & Closures to Drive Demand

Consumers and producers equally benefit from lightweight caps and closures, which has increased their popularity and uptake in the market. They are more environmentally friendly than standard caps and closures as they require fewer resources and produce less trash. This is crucial for businesses aiming to minimize their environmental impact and lower their carbon footprint. Owing to these factors the caps & closures market share is expected to increase during the forecast period.

However, other cost-effective options such as blisters, pouches, and others may limit the market growth.

Market Players Concentrate on Producing Advanced Packaging Options to Increase Sales

Major market competitors like BERICAP Holding GmbH, Guala Closures S.p.A, Closure Systems International, Inc., Amcor Plc, Silgan Holdings Inc., Aptar Group, and others are constantly concentrating on growing their client base throughout the regions, implementing innovation, and boosting market revenue. Delivering cutting-edge packaging solutions is the primary goal of a large number of additional industry participants.

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https://www.fortunebusinessinsights.com/caps-closures-market-102542

Notable Industry Development: 

• June 2021 - BERICAP, one of the leading global manufacturers of plastic closures, acquired aluminum closure expert Mala Verschluss-Systeme GmbH, thereby extending its product portfolio to include aluminum closures.

List of Key Players Profiled in the Report:

• BERICAP Holding GmbH (Germany)


• Guala Closures S.p.A (Italy)


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


• Amcor Plc (Australia)


• Silgan Holdings Inc. (U.S.)


• Aptar Group (U.S.)


•  UNITED CAPS (Luxembourg)


• Nippon Closures Co., Ltd. (Japan)


• Mold-Rite Plastics, LLC (U.S.)


• O.Berk Company, LLC (U.S.)


• Pelliconi & C. Spa. (Italy)


• Weener Plastics (Netherlands)


• Blackhawk Molding Co. Inc. (U.S.)


• C. L. Smith Company (U.S.)


• Elmoris, Jsc (U.S.)

Further Report Findings:

• Europe leads the caps & closures industry due to increased demands for packaged food, changing lifestyles, and high disposable income.


• Asia Pacific consists of a large share due to the large number of SMEs demanding customized packaging and a growing population.

Report Scope & Segmentation