Caps And Closures Market Size, Trends and Insights By Material Used (Plastic, Metals, Others), By Product (Dispensing Caps, Screw Closures, Aerosol Closures, Crown Closures, Other), By Application (Food and Beverages, Cosmetics and Toiletry, Healthcare, Pharmaceutical, Automotive, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18555

Published Date: September 2022

Pages: 220+

Category: Chemicals And Materials

Reports Description

According to Custom Market Insights (CMI), The Global Caps and Closures Market Size was valued at USD 67.14 billion in 2021 and is expected to reach USD 71.22 billion in 2022, and is estimated to reach USD 97.98 billion by the end of 2030 at a CAGR of approximately 5.1% during the forecast period 2022-2030.

Caps enclosures are extensively used in the cosmetics, household goods, food and beverages, and pharmaceutical industries. They use various metallic materials and polymers like polypropylene, aluminum, polyethylene and steel; even though there are many reasons for the market’s photo growth, a few factors will hamper the growth of the market during the forecast period.

Caps and Closures Market (By Material Used)

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The increased demand for blister packaging and the increased use of pouches will hamper the market’s growth in the coming years. Using pouches for different packaging types of products has been instrumental in reducing the cost associated with manufacturing caps and closures. Many FMCG organizations have come up with innovative packaging in the form of pouches. The demand for zip pouches will hamper the market’s growth in the coming year.

The materials used in manufacturing the caps and the closures are Arnold biodegradable. They do not decompose even four decades together. Most of this packaging makes use of plastic caps and closures. Governments across the globe are engaging in coming up with strategies to reduce the use of plastic. The government of Europe enacts stringent laws to handle the recycling of caps and closures. These regulations will also help with ideal methods for disposing of packaging waste. There is a growing demand for sustainable packaging across the globe to have environmentally friendly products to reduce the carbon footprint since many industries will adopt table packaging during the forecast period.

During the outbreak of the COVID-19 pandemic, many industries had a negative impact, and the growth had subsided. The beverages industry of the alcoholic and nonalcoholic types suffered during the pandemic. As the hotels, restaurants, resorts and bars were closed during the pandemic, the demand for caps and closures also reduced.

The lockdowns imposed worldwide have led to increased consumption of many types of beverages. But this demand could not exceed the demand for hotels and restaurants. In the coming years, the demand for cans will also grow as they come in different sizes with convenient packages. The suppliers of raw materials across the globe also manufacture caps and closures of the customized type. To develop environment-friendly products and reduce waste, many organizations are engaging in activities using recycled materials for manufacturing caps and closures in the coming years. They are also involved in research and development activities using recycled plastic, recycled steel, and aluminum for manufacturing the caps and the closures.

Caps and Closures Market (By Product)

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Growth Factors

Caps and closures are used in closing the containers and storing the products for a particular period. Caps and closures act as a barrier to the outside environment. It helps prevent the store products’ contaminated due to dirt or moisture. The demand for caps and closures is expected to grow during the forecast as it helps prevent the package from opening at unwanted times. It is extremely important in extending the products’ shelf life. These products are available in materials like metal, plastic, and rubber. The caps will be used depending on the container or the need for the product to be stored in the container.

The demand for the closures and the caps will continue to grow in the coming years as there has been an increase in the need for sustainable packaging and packaging that is easier to open. Rapid urbanization worldwide has led to increased use of sustainable packaging. The caps and the closures are used mainly in the food and beverages industry. It is also used in the packaging of alcoholic and nonalcoholic drinks. It helps maintain the oxygen level of the food that is packed. Demand for caps and closures will continue to grow during the forecast period to transport various goods to different regions or in the import and export business. Growing trends of different types of packaging will lead to an increased demand for caps and closures in the coming years as these products help improve the pact products’ shelf life.

The demand will continue to grow in the coming years. They help maintain the flavor and the texture of the food. The demand for caps and closures will grow in the coming years as they promote various brands of different organizations. They are used on a large scale in cosmetics, pharmaceuticals, FMCG, and other industries that require packaging. These gaps and closures are manufactured to provide a friendly design for consumers. It’s a great level of customization in these caps and closures depending upon the quantity of the product. The product’s increasing popularity and the accurate closing feature will drive market growth in the coming years. 

Segmental Insights

Caps and closures market segment based on the product

Based on the product type, the dispensing caps segment will have the largest market share in revenue during the forecast period. This segment has dominated the market in the past with a share of about 30%. The demand for dispensing caps will grow in the coming years as they are convenient and easy to use. These gaps help maintain the flavor and freshness of the products for a longer time. They come in different types varieties like triggers, pumps and flip flops. Most of these types of caps are used in the cosmetics industry, food industry, automotive industry as well as pharmaceutical industry.

Depending upon the product’s consistency and the product’s required shelf life, the caps are designed by the manufacturers. This type of cap provides controlled flow, which is one of the major factors driving the market’s growth in the coming years. Not from the growing demand for dispensing caps, there shall be an increased demand for screw caps. The containers that have threading will use screw caps in the coming years. To close the tablets, syrups, and tonics containers, the screw caps will be used on a large scale. These screw caps plan an important role in preventing the contamination of medicines. They also help in keeping moisture at bay.

Caps and closures market segment based on material

Plastic is the material that will be used on a large scale in the manufacturing of the caps and the closures during the forecast period. The plastic segment has dominated the market in the past and had a share of about 54% in revenue. Even though there are many concerns associated with the use of plastic, the market will continue to grow in the coming years. Plastic poses a lot of environmental threats. Plastics are not degradable, and they also increase carbon dioxide emissions. The demand for metal caps and closures is a durable and sustainable option. These types of caps are used for glass bottles and metal cans.

Caps and Closures Market Size

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Caps and closures market segment based on Application

Caps and closures will be used on a large scale in the food industry. The use of caps and closures in the food industry has generated much revenue in recent years. Out of the total share, the food segment had a share of about 26%. The growing demand for packed food will drive market growth in the coming years.

The consumption of alcoholic and nonalcoholic beverages will continue to support the market’s growth. As sports, energy, prebiotics, and different types of fruits can be packed in various containers, the demand for caps and closures will continue to grow. To seal the bottles and the cans that store drugs, the demand for caps and closures will grow in the pharmaceutical market. They are used in sealing vaccine vials, jars of supplements etc. in recent years, the demand for materials that are medical grade has driven the market growth. The demand for these products is growing as they are safe for medical use.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 67.14 billion
Projected Market Size in 2030 USD 97.98 billion
CAGR Growth Rate 5.1% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Crown, Ball Corp., Silgan Holding Inc., BERICAP, Nippon Closures Co. Ltd., Berry Global Inc., AptarGroup Inc., Sonoco Products Company, Amcor plc, Closure Systems International, and Others
Key Segment By Material Used (Plastic, Metals, Others), By Product (Dispensing caps, Screw closures, Aerosol closures, Crown closures, Other), By Application (Food and beverages, Cosmetics and toiletry, Healthcare, Pharmaceutical, Automotive, Others), and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Insights

Asia Pacific region has dominated the market in the past with a share of about 41% in revenue. This region will continue to dominate the market in the coming year and is expected to have a higher compound annual growth rate in the coming years.

The countries like India and China will play an instrumental role in the market’s growth. As the food and beverages industry in India and China is growing continuously, as the population of these regions is growing, the demand for caps and closures will increase in the coming years. Growing demand for toiletries and cosmetics in the countries of the Asia Pacific region will increase the demand for caps and closures in the coming years; period apart from the Asia Pacific region, the North American region is also expected to have a large amount of share in terms of revenue during the forecast period. The maximum population in this region consumes alcoholic and nonalcoholic beverages on a larger scale.

Caps and Closures Market (trends by region)

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The countries like Canada and the United States consume these beverages extensively. Innovation in the manufacturing and varieties offered in the beverages to meet the consumers’ demand will play an instrumental role in the growth of the caps and closures Caps and Closures market during the forecast period.

Key Players

  • Crown
  • Ball Corp.
  • Silgan Holding, Inc.
  • BERICAP
  • Nippon Closures Co. Ltd.
  • Berry Global Inc.
  • AptarGroup Inc.
  • Sonoco Products Company
  • Amcor plc
  • Closure Systems International

Recent Developments

  • Albea which is a manufacturer of dispensers was acquired by Silgan Holdings in the year 2020, this acquisition was made in order to strengthen the organization’s business for closures.
  • Mala Verschluss Systeme was acquired by BERICAP in the year 2021, in order to increase the product portfolio and provide aluminum closures.

Segments covered in the report

By Material Used

  • Plastic
  • Metals
  • Others

By Product

  • Dispensing caps
  • Screw closures
  • Aerosol closures
  • Crown closures
  • Other

By Application

  • Food and beverages
  • Cosmetics and toiletry
  • Healthcare
  • Pharmaceutical
  • Automotive
  • Others

By Geography

North America

  • U.S
  • Canada

Europe

  • U.K
  • Germany
  • France

Asia Pacific

  • China
  • India
  • Japan
  • South Korea

Rest of the World

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Caps And Closures Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Caps And Closures Market : snapshot
  • Chapter 3. Global Caps And Closures Market – Industry Analysis
    • 3.1 Caps And Closures Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Need For Sustainable Packaging And
      • 3.2.2 Need For Sustainable Packaging and Packaging
      • 3.2.3 Need For Sustainable Packaging and Packaging
      • 3.2.4 Rapid Urbanization Across The World
      • 3.2.5 Need For Sustainable Packaging and Packaging
      • 3.2.6 Rapid Urbanization Across The World
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Material Used
      • 3.7.2 Market attractiveness analysis By Product
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Caps And Closures Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Caps And Closures Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Caps And Closures Market – Material Used Analysis
    • 5.1 Global Caps And Closures Market overview: By Material Used
      • 5.1.1 Global Caps And Closures Market share, By Material Used, 2021 and 2030
    • 5.2 Plastic
      • 5.2.1 Global Caps And Closures Market by Plastic, 2022 – 2030 (USD Billion)
    • 5.3 Metals
      • 5.3.1 Global Caps And Closures Market by Metals, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Caps And Closures Market – Product Analysis
    • 6.1 Global Caps And Closures Market overview: By Product
      • 6.1.1 Global Caps And Closures Market share, By Product, 2021 and 2030
    • 6.2 Dispensing Caps
      • 6.2.1 Global Caps And Closures Market by Dispensing Caps, 2022 – 2030 (USD Billion)
    • 6.3 Screw Closures
      • 6.3.1 Global Caps And Closures Market by Screw Closures, 2022 – 2030 (USD Billion)
    • 6.4 Aerosol Closures
      • 6.4.1 Global Caps And Closures Market by Aerosol Closures, 2022 – 2030 (USD Billion)
    • 6.5 Crown Closures
      • 6.5.1 Global Caps And Closures Market by Crown Closures, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Caps And Closures Market – Application Analysis
    • 7.1 Global Caps And Closures Market overview: By Application
      • 7.1.1 Global Caps And Closures Market share, By Application, 2021 and 2030
    • 7.2 Food and Beverages
      • 7.2.1 Global Caps And Closures Market by Food and Beverages, 2022 – 2030 (USD Billion)
    • 7.3 Cosmetics and Toiletry
      • 7.3.1 Global Caps And Closures Market by Cosmetics and Toiletry, 2022 – 2030 (USD Billion)
    • 7.4 Healthcare
      • 7.4.1 Global Caps And Closures Market by Healthcare, 2022 – 2030 (USD Billion)
    • 7.5 Pharmaceutical
      • 7.5.1 Global Caps And Closures Market by Pharmaceutical, 2022 – 2030 (USD Billion)
    • 7.6 Automotive
      • 7.6.1 Global Caps And Closures Market by Automotive, 2022 – 2030 (USD Billion)
  • Chapter 8. Caps And Closures Market – Regional Analysis
    • 8.1 Global Caps And Closures Market Regional Overview
    • 8.2 Global Caps And Closures Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Caps And Closures Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Caps And Closures Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Caps And Closures Market, by Material Used, 2022 – 2030
      • 8.4.1 North America Caps And Closures Market, by Material Used, 2022 – 2030 (USD Billion)
    • 8.5 North America Caps And Closures Market, by Product, 2022 – 2030
      • 8.5.1 North America Caps And Closures Market, by Product, 2022 – 2030 (USD Billion)
    • 8.6 North America Caps And Closures Market, by Application, 2022 – 2030
      • 8.6.1 North America Caps And Closures Market, by Application, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Caps And Closures Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Caps And Closures Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Caps And Closures Market, by Material Used, 2022 – 2030
      • 8.8.1 Europe Caps And Closures Market, by Material Used, 2022 – 2030 (USD Billion)
    • 8.9 Europe Caps And Closures Market, by Product, 2022 – 2030
      • 8.9.1 Europe Caps And Closures Market, by Product, 2022 – 2030 (USD Billion)
    • 8.10 Europe Caps And Closures Market, by Application, 2022 – 2030
      • 8.10.1 Europe Caps And Closures Market, by Application, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Caps And Closures Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Caps And Closures Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Caps And Closures Market, by Material Used, 2022 – 2030
      • 8.12.1 Asia Pacific Caps And Closures Market, by Material Used, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Caps And Closures Market, by Product, 2022 – 2030
      • 8.13.1 Asia Pacific Caps And Closures Market, by Product, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Caps And Closures Market, by Application, 2022 – 2030
      • 8.14.1 Asia Pacific Caps And Closures Market, by Application, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Caps And Closures Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Caps And Closures Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Caps And Closures Market, by Material Used, 2022 – 2030
      • 8.16.1 Latin America Caps And Closures Market, by Material Used, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Caps And Closures Market, by Product, 2022 – 2030
      • 8.17.1 Latin America Caps And Closures Market, by Product, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Caps And Closures Market, by Application, 2022 – 2030
      • 8.18.1 Latin America Caps And Closures Market, by Application, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Caps And Closures Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Caps And Closures Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Caps And Closures Market, by Material Used, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Caps And Closures Market, by Material Used, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Caps And Closures Market, by Product, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Caps And Closures Market, by Product, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Caps And Closures Market, by Application, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Caps And Closures Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Crown
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Ball Corp.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Silgan Holding Inc.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 BERICAP
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Nippon Closures Co. Ltd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Berry Global Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 AptarGroup Inc.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Sonoco Products Company
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Amcor plc
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Closure Systems International
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Caps And Closures Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Caps And Closures Market attractiveness, By Material Used
  • 6. Global Caps And Closures Market attractiveness, By Product
  • 7. Global Caps And Closures Market attractiveness, By Application
  • 8. Global Caps And Closures Market share by Material Used, 2022 and 2030 (USD Billion)
  • 9. Global Caps And Closures Market by Plastic, 2022 – 2030 (USD Billion)
  • 10. Global Caps And Closures Market by Metals, 2022 – 2030 (USD Billion)
  • 11. Global Caps And Closures Market share by Product, 2022 and 2030 (USD Billion)
  • 12. Global Caps And Closures Market by Dispensing Caps, 2022 – 2030 (USD Billion)
  • 13. Global Caps And Closures Market by Screw Closures, 2022 – 2030 (USD Billion)
  • 14. Global Caps And Closures Market by Aerosol Closures, 2022 – 2030 (USD Billion)
  • 15. Global Caps And Closures Market by Crown Closures, 2022 – 2030 (USD Billion)
  • 16. Global Caps And Closures Market share by Application, 2022 and 2030 (USD Billion)
  • 17. Global Caps And Closures Market by Food and Beverages, 2022 – 2030 (USD Billion)
  • 18. Global Caps And Closures Market by Cosmetics and Toiletry, 2022 – 2030 (USD Billion)
  • 19. Global Caps And Closures Market by Healthcare, 2022 – 2030 (USD Billion)
  • 20. Global Caps And Closures Market by Pharmaceutical, 2022 – 2030 (USD Billion)
  • 21. Global Caps And Closures Market by Automotive, 2022 – 2030 (USD Billion)
  • 22. Global Caps And Closures Market share, by Region, 2022 and 2030
  • 23. North America Caps And Closures Market, 2022 – 2030 (USD Billion)
  • 24. Europe Caps And Closures Market, 2022 – 2030 (USD Billion)
  • 25. Asia Pacific Caps And Closures Market, 2022 – 2030 (USD Billion)
  • 26. Latin America Caps And Closures Market, 2022 – 2030 (USD Billion)
  • 27. The Middle-East and Africa Caps And Closures Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Caps And Closures Market: Snapshot
  • 2. Drivers of the Caps And Closures Market: impact analysis
  • 3. North America Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 4. North America Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 5. North America Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 6. U.S. Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 7. U.S. Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 8. U.S. Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 9. Canada Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 10. Canada Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 11. Canada Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 12. Europe Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 13. Europe Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 14. Europe Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 15. Germany Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 16. Germany Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 17. Germany Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 18. France Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 19. France Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 20. France Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 21. U.K. Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 22. U.K. Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 23. U.K. Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 24. Italy Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 25. Italy Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 26. Italy Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 27. Spain Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 28. Spain Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 29. Spain Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 30. Rest of Europe Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 31. Rest of Europe Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 32. Rest of Europe Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 33. Asia Pacific Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 34. Asia Pacific Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 35. Asia Pacific Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 36. China Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 37. China Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 38. China Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 39. Japan Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 40. Japan Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 41. Japan Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 42. India Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 43. India Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 44. India Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 45. South Korea Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 46. South Korea Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 47. South Korea Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 48. South-East Asia Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 49. South-East Asia Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 50. South-East Asia Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 51. Rest of Asia Pacific Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 52. Rest of Asia Pacific Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 53. Rest of Asia Pacific Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 54. Latin America Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 55. Latin America Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 56. Latin America Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 57. Brazil Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 58. Brazil Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 59. Brazil Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 60. Mexico Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 61. Mexico Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 62. Mexico Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 63. Rest of Latin America Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 64. Rest of Latin America Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 65. Rest of Latin America Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 66. The Middle-East and Africa Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 67. The Middle-East and Africa Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 68. The Middle-East and Africa Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 69. GCC Countries Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 70. GCC Countries Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 71. GCC Countries Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 72. South Africa Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 73. South Africa Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 74. South Africa Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 75. Rest of Middle-East Africa Caps And Closures Market revenue, By Material Used, 2022 – 2030 (USD Billion)
  • 76. Rest of Middle-East Africa Caps And Closures Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 77. Rest of Middle-East Africa Caps And Closures Market revenue, By Application, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • Crown
  • Ball Corp.
  • Silgan Holding, Inc.
  • BERICAP
  • Nippon Closures Co. Ltd.
  • Berry Global Inc.
  • AptarGroup Inc.
  • Sonoco Products Company
  • Amcor plc
  • Closure Systems International

FAQs

The “Asia Pacific” region will lead the global Caps and Closures market during the forecast period 2022 to 2030.

The key factors driving the market [Growth Factors].

The key players operating in the Caps and Closures market are Crown, Ball Corp., Silgan Holding Inc., BERICAP, Nippon Closures Co. Ltd., Berry Global Inc., AptarGroup Inc., Sonoco Products Company, Amcor plc, Closure Systems International.

The global Caps and Closures market is expanding growth with a CAGR of approximately 5.1% during the forecast period (2022 to 2030).

The global Caps and Closures market size was valued at USD 67.14 billion in 2021 and it is projected to reach around USD 97.98 billion by 2030.

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