Caps and Closures Market Intelligence

Caps and Closures Market Description

The global caps and closures market is projected to grow at a CAGR of 4-4.5 percent to reach 2,487 billion units by 2022. Plastic caps and metal closures hold a market share of about 73-75 percent and 24-25 percent, respectively. The beverage industry is the largest end-use segment and accounts for about 50-55 percent of the overall market. The APAC is the largest market for caps and closures and is likely to experience strong growth in the next five years, with the growing demand for beverages in the domestic market. The EU and North America are expected to grow at a CAGR of about 2.53 percent and 2-2.5 percent, respectively, driven by bottled water and beverage segments.

The report highlights the regional market overview of caps and closures market in the regions of North America, Europe, and APAC. The report addresses Porter’s Five Forces for the developed and developing regions for the plastic caps and closures market. It also discusses the industry drivers and constraints.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Global Capacity–Demand Analysis
Global Trade Dynamics
Regional Market Snapshot-North America, Europe, Asia
Cost Structure Analysis

Caps and Closures Market Trend, Analysis & Forecast

Category Intelligence on Caps and Closures covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Caps and Closures Executive Summary

1.1 Global Market Outlook
1.2 Global Market Demand
1.3 Regional Demand Overview
1.4 Key Trends and Innovations

2. Caps and Closures Market Analysis

2.1 Value Chain Analysis
– Plastic Caps and Closures
– Metal Caps and Closures
2.2 Global Market Size
2.3 Regional Market Overview
2.4 Global Demand by Application
2.5 Global Trade Dynamics
– Global Exports
– Global Imports
2.6 Regional Market Analysis
2.7 Regional Market Snapshot, Outlook and Trade Dynamics:
– North America
–EU
– APAC
– LATAM

3. Caps and Closures Industry Analysis

3.1 Porter’s Five Forces Analysis of Developed and Emerging Markets
– Plastic Caps and Closures
– Metal Caps and Closures
3.2 Industry Drivers and Constraints
3.3 Key Industry Trends
– Plastic Caps and Closures
– Metal Caps and Closures
3.4 Innovations in Closures
– Personal and Home Care
– Food and Beverage
– Pharmaceuticals
3.5 Cost and Price Analysis
– Plastic Caps and Closures
– Metal Caps and Closures

Global Market Outlook on Caps and Closures

Plastic caps and metal closures hold a market share of about 73–75 percent 24–25 percent, respectively. The rest is shared between rubber and cork
The Beverage industry is the largest end-use segment and accounts for about 50–55 percent of the overall market
Bottled water is the fastest growing end-use market (CAGR 7–8 percent), especially in the Americas and APAC, as more consumers switch from CSDs to more healthy beverages
Adoption of user-friendly features, such as dispensing and child resistance, is driving the value growth in the market, at a CAGR of about 5–6 percent, until 2022

caps-and-closures-market-size

Development of flexible packaging options, such as pouches, is restraining the market

Key Trends and Innovations

Anti-counterfeiting Closures: The penetration of anti-counterfeiting closures is high in alcoholic beverages, especially in premium segment. Currently, such closures are penetrating other F&B segments. Innovations include holograms, QR codes, RFID chips, etc. As the market grows in other segments, cheaper and highly scalable mechanisms will be adopted by the industry
Functional and User-friendly Closures: As a result of growing consumer pressure, especially from mature markets, brands are switching to more user-friendly designs. Features, such as child resistance, are becoming regulatory requirements. These factors are expected to foster multitude of innovations that offer many user-friendly functionalities, such as dosage measuring, dual-spout closures, etc
Dispensing and Smart Closures: Many pharma firms have incorporated dispensing closures or smart features into their packaging. Techniques, such as NFC, Bluetooth, etc., are being used by firms to communicate dosage and promotional information to consumers. As such closures command a much higher price than conventional ones, the cost of packaging is expected to increase in the pharma industry

Value Chain Analysis: Plastic Caps

PP and HDPE are the preferred resins for manufacturing plastic closures. Injection molding process is the most favored technology for manufacturing caps and closures
Compression molding is a new technology, but it has started replacing injection molding in the manufacturing closures, owing to faster process in mass production and the ability to manufacture light-weight closures

Global Market Size: Caps and Closures

The caps and closures market is expected to grow at the rate of 4–4.5 percent by volume during 2017–2022, with plastic caps and closures driving the demand
In the next five years, beverages, especially bottled water, will drive the volume growth, whereas user-friendly and functional closures in personal and home care and pharma are likely to drive the value growth

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