Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 420
Countries covered: 18
Pages: 140
Download Free PDF

Caps and Closures Market
Get a free sample of this reportGet a free sample of this report Caps and Closures Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Caps and Closures Market Size
The global caps and closures market was estimated at USD 77.3 billion in 2024. The market is expected to grow from USD 80.9 billion in 2025 to USD 124.1 billion in 2034 at a CAGR of 4.9%.
The market is rapidly evolving, driven by the confluence of factors such as the development of the packaging industry, increasing industrial activities, growing population, and rapid urbanization. The packaging industry is experiencing a surge due to the rising demand for a diverse range of food products, as well as alcoholic and non-alcoholic beverages.
Caps and closures play a crucial role by serving as barriers that protect packaged contents from exposure to ambient air and contaminants while facilitating easy dispensing. These packaging solutions are extensively used in various other industries including healthcare, personal care, home care, and automotive. For instance, Kraft Heinz uses resealable caps on ketchup bottles to ensure product freshness after opening, while Mondelez International utilizes easy-to-open caps on cheese slices for convenient consumption.
Furthermore, the increasing demand for caps and closures is closely tied to the rapid urbanization in the U.S. Urban consumers tend to prefer packaging solutions that offer convenience and are well-suited for on-the-go consumption of food & beverages. According to the UN, the world's urban population is expected to reach 68% by 2050. In the U.S., the Brookings Institution reported that over 80% of the population already resides in metropolitan areas. Fast-paced urban lifestyles necessitate portability.
Caps and closures are essential in providing this convenience, ensuring easy opening and closing of products while preventing spills. Additionally, they create an airtight seal that maintains product freshness by preventing the entry of bacteria, addressing growing concerns about safety and hygiene in food & beverage products, and reducing spoilage.
The volatility of raw material prices is a major concern for caps and closures manufacturers. Polymers, such as Polypropylene (PP) and Polyethylene (PE), the backbone of plastic caps and closures, are susceptible to price swings due to factors including oil price fluctuations and supply chain disruptions.
According to Platts, polypropylene prices fluctuated significantly in 2023, reaching a peak of over USD 2,000 per metric ton in March but then dipping to around USD 1,200 per metric ton in June. This volatility in prices makes cost planning challenging for manufacturers. Sourcing raw materials from multiple suppliers in different geographic regions can help mitigate risks. If prices rise in one region, manufacturers might be able to secure better deals elsewhere.
Caps and Closures Market Trends
Caps and Closures Market Analysis
Based on material type, the caps and closures market is segmented into plastic, metal, rubber, cork, glass, and others. The plastic segment dominated the market in 2024, generating revenue exceeding USD 35 billion, and is expected to reach USD 57.3 billion by 2034. This dominance can be attributed to the functionality and cost-effectiveness of plastics.
Based on closure size, the caps and closures market is classified into less than 25mm, 25mm to 49mm, 50mm to 69mm, 70mm to 99mm, and 100mm & above. The less than 25mm closure segment dominated the market in 2024, with revenue exceeding USD 23.8 billion, and is expected to reach USD 41.6 billion by 2034. This dominance can be attributed to a confluence of factors that prioritize portion control and convenience.
North America emerged as the dominant region, generating a substantial revenue of USD 26.2 billion in 2024 and is expected to reach USD 37.9 billion by 2034. The surge of caps and closures market in North America can be attributed to a confluence of factors that resonate strongly with the evolving needs and priorities of regional consumers.
Caps and Closures Market Shares
The top companies in the caps and closures industry include Amcor plc, Crown Holdings Inc, AptarGroup Inc, Berry Global Group Inc, Silgan Holdings Inc, and they collectively hold a share of 20-30% in the market. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolio, extend their reach to a broader customer base, and strengthen their market position.
Caps and Closures Market Companies
Major players operating in the caps and closures industry are:
Amcor Plc provides a wide array of packaging, including caps and closures, serving various sectors such as food and beverages, healthcare, and personal care. The company designed closures to ensure product safety, freshness and convenience with several characteristics such as tamper-evident and child-resistant caps. The company focusses on expanding product portfolio through strategic initiatives such as acquisitions and partnerships to maintain competitive edge in the industry.
In October 2023, Amcor Capsules claimed to have reduced the carbon footprint of its STELVIN aluminium screw cap range by up to 35%. The company used low-carbon primary aluminium and up to 46% recyclate during its production of STELVIN aluminium screw cap.
Crown Holdings, Inc. serves food and beverage market through its packaging solutions that also includes caps and closures. The company offers sustainable solutions and focusses on utilizing recyclable metals. Crown Holdings Inc is known for the global footprint and expertise in metal packaging, offering innovative closure choices for various applications distinct industries.
Caps and Closures Industry News
The caps and closures market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Million Units) from 2021 to 2034, for the following segments:
Click here to Buy Section of this Report
Market, By Material
Market, By Closure Size
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: