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Global Metal Caps and Closures Market Size, Share, and COVID-19 Impact Analysis, By Closure Type (Crowns, Screw Caps, Can Ends & Others), By Material Type (Steel, Aluminum, Tin), By Application (Food, Beverage, Pharmaceuticals, Personal Care & Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022-2030

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KEY MARKET INSIGHTS

The Metal Caps and Closures Market was valued at USD 65.2 Bn in 2021. The market is projected to grow USD 86.2 Bn in 2030, at a CAGR of 5.2%. Metal caps and closures can be customized to fit a wide range of containers and products. This is made to fit a certain bottle, container, or jar neck. Furthermore, the outside and interior material of metal caps and closures are created and constructed to suit the several contents. Nowadays lifestyle requires lightweight products that are simple to use, lighter, smaller, and more convenient packaging has emerged. Several players are stepping up to strengthen their properties by understanding the importance of metals caps and closures. Metal caps and closures are used in a variety of industries, including personal care and cosmetics, pharmaceuticals, and food and beverage. The global metal caps and closures market is expected to grow due to the vast range of applications.

Metal Caps and Closures Market

COVID-19 ANALYSIS

The outbreak of COVID-19 has impacted severely on the supply chain of the food & beverage industry. Furthermore, the impact of the pandemic on society and the economy was seen as a result of global lockdowns, which impacted the caps and closures sector as procurement of raw materials was halted due to supply chain disruption. Safety, training, crisis management and response, awareness, re-forming business models, digitization and technological innovation, and other unforeseen effects have all been added to the global food and beverage sector as a result of COVID-19.

LATEST TREND

Increasing Demand for Light Weight Products

Lightweight packaging is one of the most essential components in the packaging factor. Impact resistance, stress crack and creep resistance, sealability, and superior taste and odour suppressing characteristics are all features of a metal cap. This market's demand is likely to be fueled by high demand for carbonated soft drinks and bottled drinking water. Caps and closures that are convenient, lightweight, and corrosion resistant are more appealing to people, and this element will help the market grow.

Metal Caps and Closures Market

DRIVING FACTORS

Rising Demand for Processed Food & Beverages Products

The rigid metal packaging market is witnessing substantial growth in metal caps and closures. Strong demand for sports closures and caps, pouch spouts, and other flat caps is driving growth in caps and closures. Furthermore, liquid food is a significant market for caps and closures, with demand being driven by the rising use of PET bottles in dairy, water, and juice applications. Plastic packaging such as preserves, sauces, soups, cooking oils, and juices is also increasing demand for caps and closures as a substitute for glass packaging. Furthermore, demand for beverage caps and closures will be boosted by ready-to-drink liquids such as tea, coffee, and other healthier alternatives.

RESTRAINTS

Concerns Pertaining to the Usage of Pouches & Blister Packaging

The use of containers without closures, such as pouches and blister packages, is threatening the growth of the caps and closures business. These types of packaging provide the packager with a number of advantages, including lower material costs and sustainability concerns when compared to standard rigid packaging methods. Many FMCG firms have adopted the pouch packaging format as a packaging innovation tool to give convenience to consumers. To the diversity of design possibilities across all end-use segments, several additional easy-open and easy-reclose solutions are being added.

Segmentation Insights

The global metal caps and closures market is segmented by Type (Crowns, Screw Caps, Can Ends, & Others), by Material Type (Steel, Aluminum, Tin,), by Application (Food, Beverage, Pharmaceuticals, personal care & Others) and Region. Based on the type, the market is categorized into crowns, screw caps, can ends, and others. Based on material type, the market is categorized into Steel, Aluminum, Tin. Based on application, the market is categorized into food, beverage, pharmaceuticals, personal care and others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Type Insights

Based on the type segment, the global metal caps and closures market is categorized into crowns, screw caps, can ends and others. The screw caps segment has dominated the market share in 2020 owing to the due to majorly used cap among the world. Screw caps are the most secure for tamper-proofing and sealing wine and spirits since they are laid flat, wrapped around, and naturally formed on the bottle. The option to add logos or other designs to metal caps and closures provides a way to promote a certain brand, which in turn increases demand for metal caps and closures.

Application Insights

Based on the application segment, the global metal caps and closures market is categorized into food, beverage, pharmaceuticals, personal care and others. The beverage segment is dominated the market share in 2020 owing to the beverage packaging is used to extend the shelf life of beverages while maintaining their taste and texture. New pack types like pouches and cartons are becoming more popular. The market for premium caps in the beverage sector is driven by beverage firms' quest for new differentiated closures. Non-alcoholic beverages can be sealed or packaged using many types of caps and closures.

The pharmaceuticals are anticipated to grow over the next few years of global metal caps and closures market owing to witness an upsurge in demand in pharmaceutical packaging. Pharmaceutical output increases, which drives pharmaceutical growth. It is forcing medication companies to produce caps and closures that are senior-friendly, child-resistant, and have greater security measures, in addition to regulatory standards.

Regional Insights

The global metal caps and closures market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia Pacific region is dominating the market share of global metal caps and closures market owing to the due to the high demand for beverages in this region, as well as low manufacturing costs compared to other regions such as North America and Europe. Two densely populous countries, China and India, are present. The increase in disposable income in these two countries will augment the expansion of the metal caps and closures industry. The number of microbreweries in India has increased from 20 to 120 in the last five years, according to the Craft Brewers Association of India. Such changes are projected to increase demand for environmentally friendly packaging solutions in the business. However, North America region is anticipated to grow over the next few years of global metal caps and closures market owing to customer preference towards conveniently packaged products. Since a decade, carbonated soft drinks have dominated the North American region. Population among the region are becoming more health-conscious and focusing on water, flavoured drinks, and juices. The sale of juices and healthy drinks surged as a result of this transition, which benefited the caps and closure industry. Metal caps and closures have become more popular as people drink healthier and flavored beverages. Significant advancements in the region's beverage industry have emphasized the production of caps and closures for many sorts of beverages, including bottled water.

Metal Caps and Closures Market

KEY INDUSTRY PLAYERS

  • Amcor PLC
  • Berlin Packaging (Qorpak)
  • Crown Holdings Inc.
  • Nippon Closures Co. Ltd
  • O.Berk Company
  • Pelliconi & C. SpA
  • Rauh GmbH & Co. Blechwarenfabrikations-KG
  • Reynolds Packaging Group Ltd
  • Shadong Lipeng Co. Ltd
  • Silgan White Cap
  • Sks Bottle & Packaging Inc.
  • Others

KEY INDUSTRY DEVELOPMENTS:

July 2019 - Growpacker Inc., a contract manufacturer of THC- and CBD-infused edibles in the United States, announced to launch its patent-pending Cannasafe, a child-resistant lid for aluminum cans containing THC-infused beverages.

April 2019 - Tapì and Thinfilm develop smart closures tackled counterfeiting in the wine and spirits industry. The OpenSense solution used detects when a closure seal was broken and alerts the consumer that the container or bottle may have been tampered with.

LIST OF KEY COMPANIES PROFILED:

  • Amcor PLC
  • Berlin Packaging (Qorpak)
  • Nippon Closures Co. Ltd
  • Rauh GmbH & Co. Blechwarenfabrikations-KG
  • Reynolds Packaging Group Ltd
  • Sks Bottle & Packaging Inc.

SEGMENTATION

By Closure Type

  • Crowns
  • Screw Caps
  • Can Ends
  • Others

By Material Type

  • Steel
  • Aluminum
  • Tin

By Application

  • Food
  • Beverage
  • Pharmaceuticals
  • Personal Care
  • Others

By Region

  • North America- U.S., Mexico, Canada
  • Europe- UK, France, Germany, Italy
  • Asia-Pacific- China, Japan, India
  • Latin America- Brazil, Argentina, Colombia
  • The Middle East and Africa- United Arab Emirates, Saudi Arabia

FAQ

The historic period considered was 2017-2020, the base year – 2021 and the forecasted period is 2022-2030 for study.
Yes, you can submit your customization request by clicking on “Enquire now” or “Speak to our Expert”.
Our analysts have been continuously tracking the market since 2015 and the recent study was published in 2022.
The mixed proportion is 70% Primary Interviews and 30% Secondary Research. The Information gathered through the secondary sources is verified by the primaries conducted through various industry experts. Along with this, the whole data is again re-validated through various primary correspondents in order to achieve an accurate outcome.
Our team of analysts is frequently analyzing the changes in the market. Hence, we update our study on a regular basis and provide the updated report on a quarterly basis.

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Metal caps closures market

Global Metal Caps and Closures Market

  • May-2022
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Global Metal Caps and Closures Market Size, Share, and COVID-19 Impact Analysis, By Closure Type (Crowns, Screw Caps, Can Ends & Others), By Material Type (Steel, Aluminum, Tin), By Application (Food, Beverage, Pharmaceuticals, Personal Care & Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022-2030

Publisher: Kings Research   |   Date: 2022-05-17   |   No. Of Pages: 140

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Global Metal Caps and Closures Market Size, Share, and COVID-19 Impact Analysis, By Closure Type (Crowns, Screw Caps, Can Ends & Others), By Material Type (Steel, Aluminum, Tin), By Application (Food, Beverage, Pharmaceuticals, Personal Care & Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022-2030

Publisher: Kings Research   |   Date: 2022-05-17   |   No. Of Pages: 140
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