Caps And Closures Market Plays The Role of Design in Consumer Choice
Caps And Closures Industry Overview
The global caps and closures market size was estimated at USD 74.64 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.Growing demand for various food products and alcoholic and non-alcoholic beverages is anticipated to trigger market growth. Caps and closures act as a barrier and prevent packaged contents from getting exposed to ambient air and dust particles and allow easy dispensing. Caps and closures have applications in several other end-use industries, such as healthcare, personal care, home care, and automotive. Rising awareness about the benefits of healthy eating is likely to boost the demand for dietary supplements, which in turn is expected to further drive demand for packaging products.
Gather more insights about the market drivers, restrains and growth of the Caps And Closures Market
Council for Responsible Nutrition (CRN), a leading trade association representing dietary supplement and functional food manufacturers and ingredient suppliers in the U.S. conducted a consumer survey in 2023 on dietary supplements, wherein multivitamins were consumed by 70% of participants, followed by specialty supplements such as omega-3s, melatonin, probiotics, and fiber used by 52 % of participants. In addition, the sports nutrition supplements segment witnessed a 5% increase in consumption compared to previous years. All these factors are anticipated to drive the demand for market growth.
Increasing demand for caps and closures is closely associated with the rise of urbanization in the U.S. Consumers in urban areas prefer packaging solutions that are convenient and suitable for on-the-go consumption of food and beverages. Caps and closures play a vital role in providing this convenience by ensuring easy opening and closing of products, as well as preventing spills. In addition, they create an airtight seal that keeps the products fresh for a longer period by preventing the entry of bacteria. These address the growing concerns about safety and hygiene associated with food and beverage products, as they help prevent spoilage. Hence, expanding food and beverage industries with growing urbanization is expected to boost the demand for caps and closures over the forecast period.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
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Caps And Closures Market Segmentation
Grand View Research has segmented the global caps and closures market based on material, product, application, and region:
Material Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Plastic
Metal
Others
Product Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Dispensing Caps
Screw Closures
Crown Closures
Aerosol Closures
Others
Application Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Beverages
Food
Healthcare
Personal Care
Home Care
Industrial
Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
Southeast Asia
Central & South America
Argentina
Brazil
Middle East & Africa
South Africa
Saudi Arabia
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Key Companies profiled:
Amcor plc
Closure Systems International
Ball Corporation
Silgan Holdings Inc.
Guala Closures S.p.A
AptarGroup, Inc.
BERICAP
Nippon Closures Co., Ltd.
Sonoco Products Company
Webpac Ltd
JELINEK CORK GROUP
UAB Elmoris
CL Smith
PELLICONI & C. SPA
O. BERK
UNITED CAPS
Crown
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