Indore Online Journal

Global Caps and Closures Market is Anticipated to Garner USD 65.12 Billion by 2023 – COVID-19 Impact Analysis

 Breaking News
  • No posts were found

Global Caps and Closures Market is Anticipated to Garner USD 65.12 Billion by 2023 – COVID-19 Impact Analysis

November 11
00:31 2020
Global Caps and Closures Market is Anticipated to Garner USD 65.12 Billion by 2023 - COVID-19 Impact Analysis

Caps and Closures Market
Global Caps and Closures Market information By Material (Plastic, Metal, and others), By Type (Caps, Closures, Corks, Stoppers, Cans, and others), By End-User (Food & Beverage, Pharmaceutical, Cosmetics, Automotive and Others) And Region – Forecast 2023

According to Market Research Future (MRFR), the global caps & closures market is estimated to reach USD 65.12 billion with a CAGR of 5.2% from 2017 to 2023 (forecast period). The study explores and investigates the influence of the outbreak of COVID-19 on the global caps & closures market, including opportunities and challenges, drivers, and risks.

Caps & closures play a significant role in packaging that includes containers such as caps, cans, and others. It helps prolong the shelf life of the products and provide a barrier to dirt, moisture, and oxygen. Caps & closures can be used in several ways to increase the performance of different parts and items. The main raw materials used in the production of caps and caps are plastic and metal. The caps and closures industry uses a range of materials to create suitable product packagings, such as plastics, metals, rubber, and paperboard. Plastic is chemically resistant, low-cost, and lightweight with a wide variety of physical and optical properties. Many plastics are heat-sealable, easy to print, and can be incorporated into production processes where the package is formed, filled, and sealed in the same production line.

Market Dynamics

Growing demand for bottled water and smaller package sizes from end-user industries such as food, beverage, and healthcare, and increasing concerns about product quality and safety are factors improving caps and closures market growth. Increased use of packaging to drive the development of the caps and closures industry.

Get Free Sample Pages @

Current trends show that people are shifting towards packed goods in emerging countries such as India and China. Moreover, technical advances, replacement of metal closures with glass or plastic food containers, such factors allow to use caps & closures for consumer goods and in industrial applications to protect, market and distribute a variety of products. Global demand for caps & closures will increase due to a worldwide trend favoring the demand for packaged food products.

Factors such as rising consumption of processed food & beverages, packaging innovation, and increased demand from end-user industries have driven the market towards expansion. However, caps & closures has various constraints that impede business growth, such as fluctuating raw material prices and strict regulations on packaging material waste and recycling.

Moreover, increased consumption of beverages and innovative packaging solutions are anticipated to propel the market. The shift in market demand from carbonated soft drinks to bottled drinks is expected to fuel demand for caps and closures in this segment. The urbanized population is turning to healthier and nutritious packaged food, and emerging economies such as India, China, and Brazil have changed their purchasing habits by purchasing more packaged food due to rising disposable incomes.

In addition, the increasing preference for synthetic corks and screw caps over natural corks is a crucial trend. Whereas, strong promotion of Go-green initiatives and eco-friendly concepts by the government creating opportunities for caps and closure market. Furthermore, the demand for eco-friendly caps and closures that use more recycled materials, such as wood and paperboard, is growing. By using environmentally friendly materials, waste can be reduced and used for product differentiation and brand building.

Key Players

The industry giants operating in the market of global caps & closures are Rexam PLC (U.K), RPC Group Plc. (U.K.), Crown Holdings Inc. (U.S.), Berry Plastics Corporation (U.S.), Amcor Limited (Australia), Reynolds Group Holdings Limited (New Zealand), AptarGroup Inc. (U.S.), Silgan Holdings Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).

Market Segmentation

The global caps and closures market has been segmented into mainly three segments: materials, type, and end-users.

By product type, the global caps & closures market has been segmented into caps, closures, corks, stoppers, cans, and others.

By materials, the global caps and closures market has been segmented into plastic, metal, and others. Plastic resin-like polypropylene (PP) and polyethylene (PE) are widely used, with PP expected to be the fastest-growing sub-segment. Light-weighted, cost-effective, and can be used to package various types of products belonging to different industries such as food & beverage, pharmaceutical, others.

By end-users, the global caps and closures market has been segmented into food & beverage, pharmaceutical, cosmetics, automotive, and others.  

Regional Analysis

By region, the global caps & closures market has been segmented into North America, Europe, Asia Pacific, and RoW.

The Asia Pacific dominates the global caps & closures packaging market with the highest market share. Hygiene awareness, the change in preference from unpackaged to packaged food products, and the use of closures on popular container types are factors that drive market growth. With the booming packaging industry worldwide, the global cap and closure market is expected to expand. The demand for packaged goods has increased in the Asia Pacific region, mainly due to a changing lifestyle and increased purchasing power. This will lead to a rise in demand for plastic caps & closures and fuel market growth.

Access Full Report With Complete TOC @


1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Sakshi Mishra
Email: Send Email
Phone: 09617050300
Address:Office No. 528, Amanora Chambers Pune – 411028
City: pune
State: Maharashtra
Country: India