The global caps and closures market is projected to reach USD 81.7 billion by 2025 and expand to USD 125.7 billion by 2035, growing at a compound annual growth rate (CAGR) of 4.4% over the forecast period. In 2024, the market revenue was recorded at USD 79.2 billion. Plastic closures are anticipated to dominate the market, accounting for over 59% of the total market share by 2035.
This dominance is attributed to advanced manufacturing techniques like injection molding, which allow for complex designs and precise fits. Additionally, plastic closures offer safety features such as tamper evidence and child-resistant mechanisms.
The beverage industry is expected to be the primary end-use segment, capturing more than 34% of the market share during the forecast period. Caps and closures in this sector ensure product freshness, prevent contamination, and provide convenience to consumers. They are extensively used in packaging water, juices, soft drinks, and alcoholic beverages.
Global Cap & Closure Industry Forecast
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 81.7 Billion |
| Industry Value (2035F) | USD 125.7 Billion |
| CAGR (2025 to 2035) | 4.4% |
In a statement, Rich Riley, Co-CEO of Origin Materials, emphasized the company's focus on sustainable solutions: "Today we foresee rapid near-term growth in the caps and closures market, where we offer a powerful solution for product performance and recycling circularity." The market is also witnessing a shift towards sustainable and recyclable packaging solutions.
Manufacturers are focusing on developing eco-friendly materials and designs to meet consumer preferences and regulatory requirements. For instance, companies are investing in post-consumer recycled (PCR) materials for closures, aligning with global sustainability goals.
Geographically, the Asia-Pacific region is emerging as a significant market for caps and closures, driven by the expanding food and beverage industry and increasing consumer awareness of sustainable packaging options. The region's growing e-commerce sector and changing consumer lifestyles are further propelling the demand for convenient and eco-friendly packaging solutions.
Key players in the caps and closures market include Amcor, AptarGroup, Crown Holdings, Berry Global, and Silgan Holdings are investing in research and development to introduce innovative packaging solutions that meet the evolving needs of consumers and industries.
The industry is poised for significant growth over the next decade, driven by its advantages in cost, sustainability, and convenience, particularly within the beverage industry. Continued innovation and adaptation to consumer preferences and regulatory standards will be crucial for companies aiming to capitalize on this expanding market.
The below table presents the expected CAGR for the global cap & closure market over several semi-annual periods spanning from 2024 to 2034.
| Particular | Value CAGR |
|---|---|
| H1 | 2.0% (2023 to 2034) |
| H2 | 3.2% (2023 to 2034) |
| H1 | 2.9% (2024 to 2035) |
| H2 | 4.3% (2024 to 2035) |
In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 2.0%, followed by a slightly higher growth rate of 3.2% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 2.9% in the first half and remain relatively moderate at 4.3% in the second half. In the first half (H1) the market witnessed a decrease of 90 BPS while in the second half (H2), the market witnessed an increase of 110 BPS.
The 20 to 60 mm closure diameter segment is projected to lead the market, capturing a significant 51.3% market share by 2025. This diameter range is highly preferred across multiple industries due to its optimal balance between functionality and consumer convenience. Closures within this range effectively seal beverage bottles, including water, soft drinks, juices, and other liquid consumables, ensuring both product integrity and ease of use.
In the food sector, closures sized between 20 and 60 mm are extensively employed for jars and containers, providing efficient tamper-evident and resealable solutions. Additionally, household products such as cleaning solutions and personal care items heavily utilize these closures because they are easy to grip and reseal. The widespread adoption of automation in packaging lines further enhances operational efficiency with closures in this range, making it a preferred choice for manufacturers like Coca-Cola, PepsiCo, and Unilever.
Plastic closures are anticipated to dominate the caps & closures market, commanding a notable 59.4% market share by 2025. These closures are widely favored due to their cost-effectiveness, lightweight nature, and superior resealable properties. Plastic closures provide significant advantages over metal alternatives, including corrosion resistance, making them highly suitable for beverages, pharmaceuticals, and household products.
Manufacturers increasingly rely on plastic closures because they are economical to produce at scale and demonstrate remarkable durability and flexibility. Additionally, plastic closures are compatible with automated production processes, thus enhancing efficiency. Companies such as Nestlé, Procter & Gamble, and Johnson & Johnson extensively utilize plastic closures due to their excellent sealing capability, consumer convenience, and sustainability potential through recyclable materials.
Need for Tamper-Evident and Child-Resistant Closures with Rise in Safety Concerns
Tamper evident and child-resistant closures are primarily driving the global cap and closure market in the pharmaceutical, food, and chemical fields. Such features like the breakable seal on the closures provide tamper-evident proof to hold integrity by offering the user visibly whether the package has been opened or was tampered, thus preventing cases such as contamination and fraud.
Pharmaceutical and chemical products require child-resistant closures as they save the product from accidental ingestion by children; it is safe and provides conformity with regulatory measures. As the awareness among consumers regarding safety increases, the demand for these closures builds up, forcing manufacturers to innovate and implement more appropriate security across almost all industries.
Demand for Customized & Functional Closures for Brand Identity and Consumer Experience
Brand focuses on unique and functional closures that will improve its market presence and capture attention from consumers. Custom caps with embossed logos, vibrant colors, and distinctive shapes make the products stand out in shelves. Innovative designs, such as easy-pour and ergonomic closures, capture the demand from the consumer for convenience and comfort. These designs improve the user experience with regard to ease of use, safety, and reliability.
Companies also have other features like child-resistant closures or tamper-evident seals to achieve compliance with the standards and secure consumer safety. As the competitive packaging landscape continues to evolve, companies continue investing in these customized and innovative closures to strengthen brand identity and differentiate their products in the global market.
Fluctuation in Raw Material Prices May Impact Growth of Cap & Closure Market
The caps and closures industry depends on petroleum-based polymers like polypropylene (PP) and polyethylene (PE). These are based on crude oil. The crude oil price has been volatile with geopolitical tensions, supply chain disruption, and varying global demand, and hence these raw materials might increase in price unexpectedly.
This directly affects production costs, thereby making it difficult for manufacturers to maintain stable prices. Further, alternative materials are often expensive, which also affects the profit margin. Abrupt price hikes of resin materials will force companies to look for ways to reduce cost, possibly compromising quality or efficiency in production. Such raw material price volatility might deter market growth.
The global market for cap & closure grew at a CAGR of 3.1% during the historical period between 2020 and 2024. The cap & closure market globally was observed to be positively growing as it reached a value of USD 79.2 billion in 2024 from USD 69.8 billion in 2020.
Between 2020 and 2024, the global sales of caps and closures continuously expanded due to the increased demand in food, beverage, and pharmaceutical sectors. Moreover, the growth in e-commerce expansion and the preference of consumers for convenience-oriented packaging further propelled the sales growth where innovative designs catered for individual industry needs.
From 2025 to 2035, cap and closure demand is expected to increase as concern for sustainability escalates. Because of the growth in the usage of eco-friendly materials and the recyclable packing of industries, the market would shift towards the biodegradable and reusable closings. Demand for premium and functional packaging for consumers will lead to further development in this domain.
Tier 1 companies comprise market leaders capturing significant market share in global market. These market leaders are characterized by high production capacity and a wide product portfolio. These market leaders are distinguished by their extensive expertise in manufacturing across multiple packaging formats and a broad geographical reach, underpinned by a robust consumer base.
They provide a wide range of series including recycling and manufacturing utilizing the latest technology and meeting the regulatory standards providing the highest quality. Prominent companies within tier 1 include Berry Global Group, Inc., Amcor plc, Silgan Holdings and AptarGroup.
Tier 2 companies include mid-size players having presence in specific regions and highly influencing the local market. These are characterized by a strong presence overseas and strong market knowledge. These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach.
Prominent companies in tier 2 include BERICAP Holding GmbH, Crown Holdings, Inc., Guala Closures Group, C.L. Smith, Tecnocap S.p.A, UNITED CAPS, Nippon Closures Co., Ltd., PELLICONI & C. SPA, The Massilly Group, Tetra Pak International S.A and Phoenix Closures, Inc.
Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment. They are small-scale players and have limited geographical reach.
Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
The section below covers the future forecast for the cap & closure market in terms of countries. Information on key countries in several parts of the globe, including North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe and MEA is provided. USA is expected to account for a CAGR of 3.4% through 2035. In Europe, Germany is projected to witness a CAGR of 2.5% by 2035.
| Countries | Value CAGR (2025 to 2035) |
|---|---|
| USA | 3.4% |
| Germany | 2.5% |
| China | 5.5% |
| UK | 2.3% |
| Spain | 2.8% |
| India | 6.2% |
| Canada | 3.0% |
On-the-go packaging has been in huge demand in the USA market since consumer lifestyles continue to hasten. This shift has brought about great demand for user-friendly closures like flip-top lids and resealable caps, which can provide ease and portability convenience for customers. Such closures enable consumers to open and close packages easily, ensuring that products constantly stay fresh and easy to consume when on the go.
For example, beverage brands like Coca-Cola designed bottles with screw caps to prevent leakage and easy use for multiple times. This trend represents the need for packaging that accommodates the modern, mobile lifestyle, enhancing convenience and user experience.
Wide geographies and extreme climatic conditions in Canada demand closures that can withstand significant temperature fluctuations, especially in remote or northern regions. Closures will have to ensure integrity in transport across long distances under cold or very hot temperatures in most cases.
For instance, in the beverages industry, closures for bottled drinks are engineered to prevent cracking or warping under freezing temperatures, thus being able to function without malfunction during transport and storage. Some beverage packaging companies are using induction seals, which create a strong, airtight seal. They are designed to be resistant to extreme cold conditions and will not leak or allow contamination. Therefore, the freshness of the product is preserved even across Canada's diverse climates.
Key players of global cap & closure industry are developing and launching new products in the market. They are integrating with different firms and extending their geographical presence. Few of them are also collaborating and partnering with local brands and start-up companies
Key Developments
In terms of cap type, the industry is segmented into plastic closures, metal closures, rubber closures and cellulose screw caps and seals.
In terms of closure diameter, the industry is segmented into less than 20 mm, 20 to 60 mm, 61 to 100 mm and more than 100 mm.
End users of cap & closure include food, beverages, pharmaceuticals, cosmetics & personal care, household & toiletries, chemical & petrochemical and others.
Key Countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe and Middle East & Africa are covered.
The global cap & closure industry is projected to witness CAGR of 4.4% between 2025 and 2035.
The global cap & closure industry stood at 79.2 billion in 2024.
Global cap & closure industry is anticipated to reach USD 125.7 billion by 2035 end.
South Asia & Pacific is set to record a CAGR of 6.1% in assessment period.
The key players operating in the global cap & closure industry include Berry Global Group, Inc., Amcor plc, Silgan Holdings and AptarGroup.
Explore Packaging Consumables and Supplies Insights
Cap & Closure Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
