Caps and Closures Market size is forecast to reach US$85.3 billion by 2027, after growing at a CAGR of 5.3% during 2022-2027. Caps and closures are plastic packaging on top of bottles, jars, tubes, cans, and so on. Caps and closures are of different types such as screw top, corks, metal crowns, Snap-On, friction fit, tamper-evident, and dispersing. Caps and closures find a broad range of applications in numerous industries such as beverages, cosmetics, and pharmaceuticals. The increasing bottled water and the packaging from the pharmaceutical industry are mainly driving the market growth during the forecast period. The material used to manufacture caps and closures must possess an excellent balance of stiffness and toughness along with good chemical resistance. Factors such as stringent regulations in the caps and closures industry with regards to the use of plastic caps and closures as well as growing demand for the substitute packaging options, such as blister packaging options are factors that are expected to affect the growth of the global caps and closures market. The widely used material for manufacturing caps and closures are polyethylene terephthalate (PET), polypropylene (PP), High-Density Polyethylene (HDPE), and others. The growing consumers’ demand for convenience products is one of the major factors driving the market growth during the forecast period.
The Report : “Caps and Closures Market– Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Caps and Closures Industry.
By Material Type : Plastic (Polyethylene Terephthalate (PET), Polypropylene (PP), High-Density Polyethylene (HDPE), Low-density polyethylene (LDPE), and Others), Metal (Steel, Aluminum, and Others), and Others
By Product Type : Easy-open Can Ends, Metal Lug Closures, Peel-off Foils, Plastic Screw Closures, Metal Crowns, Metal Screw Closures, Corks, Plastic Screw Closures, and Others
By Type : Continuous Thread Closures, Dispensing Closures, Tamper-Evident Closures, Bar-Top Closures, Child-Resistant Closures, and Snap-On Closures
By Application : Beer, Wine, Bottled Water, Carbonated Soft Drinks, and Others
By End-use Industry : Packaging, Food Packaging, Beverages Packaging, Personal care, and Cosmetics Packaging, Pharmaceutical packaging, Toiletries Packaging, and Others
By Geography : North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the world (Middle East and Africa)