Metal Caps and Closures Market Size Share and Industry Outlook to 2028

SKU: DMOT2622 | Last Updated On: Dec 13 2021 | No. of Pages: 180 | Available Formats

> Global Metal Caps and Closures Market Expected to reach a high CAGR of 1.72% By 2028: DataM Intelligence

Metal Caps and Closures Market is segmented By Material (Aluminum, Steel, Tinplate), By Product Type (Crown Metal Caps, Twist Metal Caps, ROPP Metal Caps, Screw Metal Caps, Roll on Metal Caps, Others), By Application (Alcoholic Beverages, Food, Pharmaceutical, Cosmetics, Chemicals, Others), By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

 

Market Overview

The Global Metal Caps and Closures Market is expected to grow at a CAGR of 1.72% during the forecasting period (2021-2028). 

Caps and closures are made from materials such as plastics, metals, wood, rubber, etc. and are one of the packaging solutions provided to a variety of industries, including food and beverage, pharmaceuticals, cosmetics, paints, and lubricants, which are mainly involved in the packaging of their products in plastic or glass bottles and jars. Materials used in the production of metal caps include steel, tin plate, and aluminum.  All these materials help to ensure the quality of the goods during storage and transport. Due to the vast penetration of metal closures across several industrial verticals, demand for metal closures is expected during the forecast period to witness a burgeoning development. In addition, the rise in wine consumption would give the metal caps and closures industry a huge opportunity due to the advantages of metal caps and closures.

Source: DataM Intelligence Analysis

Market Dynamics:

The surging demand for packaged food and beverages

The increasing sales of packaged food and beverage products are one of the major factors that drive the metal caps and closure market as the main motive of the packaging industry is to preserve food and beverage's flavor, texture, test, and extend shelf-life of it. The rising health concerns, interest in ready-to-eat products, increasing income levels, rising living standards are the major factors driving the sales of packaged food and beverages. Metal caps and closures help in the process to extend shelf-life of products and provide barrier to dirt, moisture, and oxygen. As metal caps and closures are the final components of packaging and are responsible for maintaining the integrity of the product packing, the growth in packaging industry is expected to drive the metal caps and closures market.

In addition, increasing wine consumption among consumers is driven by the health and wellness trend, which further drives the metal caps and closures market.  Modern-day consumers are aware of the production and origin methods of wine, thus increasingly favoring organic wines as a symbol of higher quality. The packaging of organic wines therefore includes metal caps, and these metal caps with plastic interiors provide a very tight seal over the bottle’s entire mouth and neck, keeping the freshness intact.  Furthermore, the growing demand for wine among the millennials is expected to drive the metal caps and closures market. According to 2021 State of Wine Industry Report, the consumption of wine among millennials increased from 18% in 2019 to 20% in 2020. A wine bottle with a screw metal cap is very easy to cap because it can achieve a tight seal that keeps oxygen out for a long time. A metal screw cap is also easy to remove and reclose. The above factors are therefore expected to improve the wine industry which in return will help boom the metal caps and closures market.

Market Segmentation

Beverages is by far the largest segment holding about XX% of the global market.

Growing popularity for beverages such as packaged juices, alcoholic drinks, and energy drinks is likely to speed up market growth in the coming years. In addition, the rise in international food and beverage trade can contribute prominently to the growing demand for effective packaging solutions, such as metal caps and closures. These solutions ensure that food and beverage items have a longer shelf life.

Moreover, metal caps and closures are predominantly used in the pharmaceutical sector as they are sterile and are generally composed of layered material. Metals caps made of steel and aluminum are mostly used in the sector. Besides, aluminum can be highly customizable: natural or colored, plain or embossed. Thus, pharmaceutical packaging can be supplied according to the consumers’ needs. The rapidly growing pharmaceutical production and the regulatory changes further favor child-resistant, value-added, and senior-friendly closures, which are anticipated to drive the market in the foreseen period. The World Health Organization (WHO) recently estimated that one-third of all medicines sold worldwide are illegitimate. The increasing risks from falsified drugs are creating needs for efficient anti-counterfeiting solutions boosting the adoption of anti-counterfeiting closures.

Geographical Penetration

Asia Pacific is expected to have the largest market share and dominate the metal caps & closures market from 2020 to 2028.

Asia Pacific accounted for the largest market revenue share of 42% in the year 2020 and is expected to remain dominant over the forecast period with market revenue share of XX% in the year 2028. China dominated the metal caps and closures market in Asia Pacific with market revenue share of XX% in the year 2020. This is due to the increasing application of metal caps and closures in the wine industry. The rise in wine consumption would give the China metal caps and closures market a huge opportunity due to the advantages of metal caps and closures. In 2019, the Chinese population consumed approximately 1.78 billion liters of wine, making China the fifth leading wine consumer worldwide. The Craft Brewers Association of India also estimated that the number of microbreweries in India has risen from 20 to 120 in the last five years. As a result of these trends, the industry is expected to see a major increase in demand for sustainable packaging solutions, which further contributed for the growth of metal caps and closures in the Asia Pacific region.

Source: DataM Intelligence Analysis

Competitive Landscape

In terms of product differentiation, portfolio, and pricing, there is fierce competition in the industry

The global metal caps and closures market players are witnessing high competition with the presence of several local and international players Nippon Closures Co., Ltd., Reynolds Consumer Products Inc., Sonoco Products Company, Guala Closures Group and Crown Holdings, Inc. are the leading market players with market share of 44.22%, 11.89%, 8.50%, 7.79% and 5.81% respectively. In terms of product differentiation, portfolio, and pricing, there is fierce competition in the industry. Metal caps and closures will become more popular in the beverage segment as demand for value-added closures and tamper resistance properties increases. These companies have used various strategies such as expansions, new product launches, agreements, partnerships, joint ventures, acquisitions, and others to increase their footprints in this market. For instance, in April 2019, Tapì and Thinfilm developed smart closures that tackled counterfeiting in the wine and spirits industry. If a closure seal was broken, the OpenSense solution used detects and warns the user that the jar or bottle may have been tampered with. In February 2020, Guala Closures S.pA., completed acquisition of Closurelogic Gmbh, a Germany based manufacturer of aluminum closures. 

COVID-19 Impact: Pandemic had a dual impact on global metal caps and closures market

The uncertainty surrounding the situation resulted in consumers engaging in impulse buying and stockpiling groceries, essential products, handwash liquids, and hand sanitizers. The high demand for handwash liquids and hand sanitizers has contributed to the positive influence on the metal caps and closures market. However, the production disruptions during the hard-hit period of the pandemic does not pose considerable impact owing to unaffected demand from few end use industries like pharma. But the demand plunged for the food and beverage industries. Also, the available stocks and upsurge in domestic production are likely to offset the supply shortages caused by the import restrictions, thereby ensuring continuous availability to the various end users.

Why Purchase the Report?

  • Understand the current market scenario and viability of global metal caps and closures over the forecast period.
  • Visualize the composition of the global metal caps and closures market in terms of material, product type and by application to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Excel data sheet with valuable data points of the global metal caps and closures market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Packaging Companies
  • Caps and Closure Manufacturers
  • Industry Investors/Investment Bankers
  • Suppliers and Buyers
  • Education & Research Institutes
  • Research Professionals

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Table of Contents

  1. Global Metal Caps and Closures Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global Metal Caps and Closures Market -Key Trends and Developments

  3. Global Metal Caps and Closures Market – Executive Summary

    1. Market Snippet by Material
    2. Market Snippet by Product Type
    3. Market Snippet by Application
  4. Global Metal Caps and Closures Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Impact analysis
  5. Global Metal Caps and Closures Market – Industry Analysis

    1. Porter's five forces analysis
    2. Value chain analysis
    3. Patent Analysis
    4. Pricing Analysis
    5. Regulatory Analysis
  6. Global Metal Caps and Closures Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
  7. Global Metal Caps and Closures Market – By Material

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Material segment
      2. Market attractiveness index, By Material segment
    2. Aluminum *
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Steel
    4. Tinplate
  8. Global Metal Caps and Closures Market – By Product Type

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Product Type Segment
      2. Market attractiveness index, By Product Type Segment
    2. Crown Metal Caps*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Twist Metal Caps
    4. ROPP Metal Caps
    5. Screw Metal Caps
    6. Roll on Metal Caps
    7. Others
  9. Global Metal Caps and Closures Market – By Application

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
      2. Market attractiveness index, By Application Segment
    2. Alcoholic Beverages*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
      3. Beer
      4. Spirits
      5. Wine
      6. Others
    3. Food
    4. Pharmaceutical
    5. Cosmetics
    6. Chemicals
    7. Others
  10. Global Metal Caps and Closures Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America*
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Material
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Material
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    4. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Material
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Material
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Material
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
  11. Global Metal Caps and Closures Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Market positioning/share analysis
    4. Mergers and acquisitions analysis
  12. Global Metal Caps and Closures Market Company Profiles

    1. O.Berk Company LLC
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Nippon Closures Co. Ltd
    3. The Cary Company
    4. Crown Holdings, Inc.
    5. Sonoco Products Company
    6. Reynolds Packaging Group Ltd
    7. Tapì Group
    8. Guala Closures Group
    9. Alcopack Group
    10. Global Closure Systems(*List not Exhaustive)
  13. Global Metal Caps and Closures Market – Premium Insights

  14. Global Metal Caps and Closures Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables

Table 1     Global Metal Caps And Closures Market Value, By Material, 2020, 2024 & 2028 ($ Million)

Table 2     Global Metal Caps And Closures Market Value, By Product Type, 2020, 2024 & 2028 ($ Million)

Table 3     Global Metal Caps And Closures Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 4     Global Metal Caps And Closures Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 5     Global Metal Caps And Closures Market Value, By Material, 2020, 2024 & 2028 ($ Million)

Table 6     Global Metal Caps And Closures Market Value, By Material, 2019-2028 ($ Million)

Table 7     Global Metal Caps And Closures Market Value, By Product Type, 2020, 2024 & 2028 ($ Million)

Table 8     Global Metal Caps And Closures Market Value, By Product Type, 2019-2028 ($ Million)

Table 9     Global Metal Caps And Closures Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 10   Global Metal Caps And Closures Market Value, By Application, 2019-2028 ($ Million)

Table 11    Global Metal Caps And Closures Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 12   Global Metal Caps And Closures Market Value, By Region, 2019-2028 ($ Million)

Table 13   North America Metal Caps And Closures Market Value, By Material, 2019-2028 ($ Million)

Table 14   North America Metal Caps And Closures Market Value, By Product Type, 2019-2028 ($ Million)

Table 15   North America Metal Caps And Closures Market Value, By Application, 2019-2028 ($ Million)

Table 16   North America Metal Caps And Closures Market Value, By Country, 2019-2028 ($ Million)

Table 17   South America Metal Caps And Closures Market Value, By Material, 2019-2028 ($ Million)

Table 18   South America Metal Caps And Closures Market Value, By Product Type, 2019-2028 ($ Million)

Table 19   South America Metal Caps And Closures Market Value, By Application, 2019-2028 ($ Million)

Table 20   South America Metal Caps And Closures Market Value, By Country, 2019-2028 ($ Million)

Table 21   Europe Metal Caps And Closures Market Value, By Material, 2019-2028 ($ Million)

Table 22   Europe Metal Caps And Closures Market Value, By Product Type, 2019-2028 ($ Million)

Table 23   Europe Metal Caps And Closures Market Value, By Application, 2019-2028 ($ Million)

Table 24   Europe Metal Caps And Closures Market Value, By Country, 2019-2028 ($ Million)

Table 25   Asia-Pacific Metal Caps And Closures Market Value, By Material, 2019-2028 ($ Million)

Table 26   Asia-Pacific Metal Caps And Closures Market Value, By Product Type, 2019-2028 ($ Million)

Table 27   Asia-Pacific Metal Caps And Closures Market Value, By Application, 2019-2028 ($ Million)

Table 28   Asia-Pacific Metal Caps And Closures Market Value, By Country, 2019-2028 ($ Million)

Table 29   Middle East & Africa Metal Caps And Closures Market Value, By Material, 2019-2028 ($ Million)

Table 30   Middle East & Africa Metal Caps And Closures Market Value, By Product Type, 2019-2028 ($ Million)

Table 31   Middle East & Africa Metal Caps And Closures Market Value, By Application, 2019-2028 ($ Million)

Table 32   O.Berk Company Llc: Overview

Table 33   O.Berk Company Llc: Product Portfolio

Table 34   O.Berk Company Llc: Key Developments

Table 35   Nippon Closures Co. Ltd: Overview

Table 36   Nippon Closures Co. Ltd: Product Portfolio

Table 37   Nippon Closures Co. Ltd: Key Developments

Table 38   The Cary Company: Overview

Table 39   The Cary Company: Product Portfolio

Table 40   The Cary Company: Key Developments

Table 41   Crown Holdings, Inc.: Overview

Table 42   Crown Holdings, Inc.: Product Portfolio

Table 43   Crown Holdings, Inc.: Key Developments

Table 44   Sonoco Products Company: Overview

Table 45   Sonoco Products Company: Product Portfolio

Table 46   Sonoco Products Company: Key Developments

Table 47   Reynolds Packaging Group Ltd: Overview

Table 48   Reynolds Packaging Group Ltd: Product Portfolio

Table 49   Reynolds Packaging Group Ltd: Key Developments

Table 50   Tapì Group: Overview

Table 51   Tapì Group: Product Portfolio

Table 52   Tapì Group: Key Developments

Table 53   Guala Closures Group: Overview

Table 54   Guala Closures Group: Product Portfolio

Table 55   Guala Closures Group: Key Developments

Table 56   Alcopack Group: Overview

Table 57   Alcopack Group: Product Portfolio

Table 58   Alcopack Group: Key Developments

Table 59   Global Closure Systems: Overview

Table 60   Global Closure Systems: Product Portfolio

Table 61   Global Closure Systems: Key Developments

List of Figures

Figure 1    Global Metal Caps And Closures Market Share, By Material, 2020 & 2028 (%)

Figure 2   Global Metal Caps And Closures Market Share, By Product Type, 2020 & 2028 (%)

Figure 3   Global Metal Caps And Closures Market Share, By Application, 2020 & 2028 (%)

Figure 4   Global Metal Caps And Closures Market Share, By Region, 2020 & 2028 (%)

Figure 5   Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 6   Global Metal Caps And Closures Market Y-O-Y Growth, By Material, 2020-2028 (%)

Figure 7    Aluminum: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 8   Steel: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 9   Tin Plate: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 10 Global Metal Caps And Closures Market Y-O-Y Growth, By Product Type, 2020-2028 (%)

Figure 11  Crown Metal Caps: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 12  Twist Metal Caps: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 13  Ropp Metal Caps: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 14  Screw Metal Caps: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 15  Roll On Metal Caps: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 16  Others: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 17  Global Metal Caps And Closures Market Y-O-Y Growth, By Application, 2020-2028 (%)

Figure 18 Alcoholic Beverages: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 19  Food: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 20 Pharmaceutical: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 21  Cosmetics: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 22 Chemicals: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 23 Others: Global Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 24 Global Metal Caps And Closures Market Y-O-Y Growth, By Region, 2020-2028 (%)

Figure 25 North America Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 26 North America Metal Caps And Closures Market Share, By Material, 2020 & 2028 (%)

Figure 27 North America Metal Caps And Closures Market Share, By Product Type, 2020 & 2028 (%)

Figure 28 North America Metal Caps And Closures Market Share, By Application, 2020 & 2028 (%)

Figure 29 North America Metal Caps And Closures Market Share, By Country, 2020 & 2028 (%)

Figure 30 South America Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 31  South America Metal Caps And Closures Market Share, By Material, 2020 & 2028 (%)

Figure 32 South America Metal Caps And Closures Market Share, By Product Type, 2020 & 2028 (%)

Figure 33 South America Metal Caps And Closures Market Share, By Application, 2020 & 2028 (%)

Figure 34 South America Metal Caps And Closures Market Share, By Country, 2020 & 2028 (%)

Figure 35 Europe Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 36 Europe Metal Caps And Closures Market Share, By Material, 2020 & 2028 (%)

Figure 37 Europe Metal Caps And Closures Market Share, By Product Type, 2020 & 2028 (%)

Figure 38 Europe Metal Caps And Closures Market Share, By Application, 2020 & 2028 (%)

Figure 39 Europe Metal Caps And Closures Market Share, By Country, 2020 & 2028 (%)

Figure 40 Asia-Pacific Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 41  Asia-Pacific Metal Caps And Closures Market Share, By Material, 2020 & 2028 (%)

Figure 42 Asia-Pacific Metal Caps And Closures Market Share, By Product Type, 2020 & 2028 (%)

Figure 43 Asia-Pacific Metal Caps And Closures Market Share, By Application, 2020 & 2028 (%)

Figure 44 Asia-Pacific Metal Caps And Closures Market Share, By Country, 2020 & 2028 (%)

Figure 45 Middle East & Africa Metal Caps And Closures Market Value, 2019-2028 ($ Million)

Figure 46 Middle East & Africa Metal Caps And Closures Market Share, By Material, 2020 & 2028 (%)

Figure 47 Middle East & Africa Metal Caps And Closures Market Share, By Product Type, 2020 & 2028 (%)

Figure 48 Middle East & Africa Metal Caps And Closures Market Share, By Application, 2020 & 2028 (%)

Figure 49 O.Berk Company Llc: Financials

Figure 50 Nippon Closures Co. Ltd: Financials

Figure 51  The Cary Company: Financials

Figure 52 Crown Holdings, Inc.: Financials

Figure 53 Sonoco Products Company: Financials

Figure 54 Reynolds Packaging Group Ltd: Financials

Figure 55 Tapì Group: Financials

Figure 56 Guala Closures Group: Financials

Figure 57 Alcopack Group: Financials

Figure 58 Global Closure Systems: Financials

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