Caps & Closures Market Insights: Technological Advancements, Challenges, Opportunities and Regional Growth to 2026

August 16 03:03 2023
Caps & Closures Market Insights: Technological Advancements, Challenges, Opportunities and Regional Growth to 2026
Browse 337 market data Tables and 46 Figures spread through 252 Pages and in-depth TOC on “Caps & Closures Market”
The Caps & Closures Market is experiencing significant regional growth, driven by innovation and expanding industries. Diverse sectors like beverages, cosmetics, and pharmaceuticals are influencing trends in sealing solutions, fostering both functional advancements and aesthetic appeal

The global caps & closures market is estimated to be USD 65.0 billion in 2021 and is projected to reach USD 85.0 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. The driving factors for the caps & closures market is increase in demand for easy-to-open and sustainable packs, demographic trends, and rapid urbanization contributing to the demand and adoption rate of caps & closures. These are widely used in the food & beverage industry for various applications, such as bottled water, carbonated drinks, mayonnaise, ketchup, and alcoholic beverages. Caps & closures help extend the shelf life of products, provide a barrier to dirt and moisture, and balance the oxygen content of the packed product. Import and export of caps & closures have been gaining importance with its increasing demand.

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Berry Global is a leading global producer of plastic packaging solutions. The company provides a wide range of plastic packaging solutions for food, beverage, healthcare, and other segments. Berry Global has over 295 facilities and approximately 47,000 employees in different parts of the world as of 2020. Wal-Mart, McDonald’s, YUM Brands, Burger King, Starbucks, Gillette, Colgate-Palmolive, Sherwin-Williams, Hershey’s, Coca-Cola, Pepsi-Cola, Avon, Bayer, L’Oreal, Kraft Foods, and Unilever are its clients. Berry Global Group, Inc. engages in the provision of value-added engineered materials, nonwoven specialty materials, and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene & Specialties. The Consumer Packaging International segment consists of containers, closures, dispensing systems, pharmaceutical devices and packaging, polythene films, and technical components. The Consumer Packaging North America segment offers containers, foodservice items, closures, over caps, bottles, prescription vials and tubes. The Engineered Materials segment consists of tapes and adhesives, polyethylene-based film products, can liners, and specialty coated and laminated products. The Health, Hygiene & Specialties segment consists of nonwoven specialty materials and films used in hygiene, infection prevention, personal care, industrial, construction, and filtration applications.

Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products and equipment for consumer goods. The firm offers aerosol cans; beverage, promotional, and transit packaging; closures and capping; and food cans. It operates through the following segments: Americas, Europe, Asia Pacific, and Transit Packaging. The Americas segment manufactures beverage, food and aerosol cans and ends, glass bottles, specialty packaging, metal vacuum closures, steel crowns, and aluminum caps. The Europe segment operates in Europe, the Middle East, and North Africa. The Asia Pacific segment includes beverage and non-beverage can operations. The Transit Packaging segment provides industrial and protective solutions and equipment and tools businesses. The company has 192 manufacturing plants and sales and service facilities in 39 countries.

Formed in 1987, Silgan Holdings is one of the largest producers of metal food containers in the North American region, accounting for almost half of the market share. Apart from the North American region, the firm is a leading supplier of rigid packaging for consumer products globally. It offers a wide product portfolio of packaging solutions covering metal containers, metal, composite, plastic vacuum closures, and plastic containers. The company has four key business production lines: metal containers, metal and plastic closures, dispensing systems, and plastic containers. It is a leader in the manufacturing of metal, composite, and plastic closures for food & beverage products. The company has 100 manufacturing facilities in North America, Europe, Asia, and South America and caters to more than 75 countries throughout the world.

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BERICAP is a manufacturer of caps & closures for food, beverage, and non-food markets. The company has 24 manufacturing factories in 21 countries, including Europe, the Middle East, Africa, Asia, and North and South America. It has five main R&D centers, each specialized in certain fields of closure technology. BERICAP was the first company to develop liner-less closures with a double seal. Its range of products includes tamper-evident and child-resistant systems, induction heat seal systems, gas barrier closures, oxygen scavengers, carbonation and pressure retention systems, vent caps, and hot-fill closures.

Guala Closures SpA (Guala Closures), a subsidiary of GCL Holdings SCA, is a provider of packaging solutions. It designs, manufactures, and markets non-refillable closures. The company’s product portfolio comprises safety closures, tamper-evident systems, non-refillable closures, and capping systems. It also offers safety closures, decorative closures, wine closures, pharma closures, and aluminum closures. The company manufactures polyethylene terephthalate (PET) products such as bottles, jars, molds, containers, flasks, and miniatures. The company serves diverse industries, including food and beverages, cosmeceutical, and pharmaceutical. The company operates manufacturing facilities in India, Poland, the UK, Australia, Spain, Ukraine, Mexico, South Africa, and Argentina. Guala Closures is headquartered in Spinetta Marengo, Alessandria, Italy.

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