The global caps and closures market size was estimated at USD 74.64 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.Growing demand for various food products and alcoholic and non-alcoholic beverages is anticipated to trigger market growth. Caps and closures act as a barrier and prevent packaged contents from getting exposed to ambient air and dust particles and allow easy dispensing. Caps and closures have applications in several other end-use industries, such as healthcare, personal care, home care, and automotive. Rising awareness about the benefits of healthy eating is likely to boost the demand for dietary supplements, which in turn is expected to further drive demand for packaging products.

Council for Responsible Nutrition (CRN), a leading trade association representing dietary supplement and functional food manufacturers and ingredient suppliers in the U.S. conducted a consumer survey in 2023 on dietary supplements, wherein multivitamins were consumed by 70% of participants, followed by specialty supplements such as omega-3s, melatonin, probiotics, and fiber used by 52 % of participants. In addition, the sports nutrition supplements segment witnessed a 5% increase in consumption compared to previous years. All these factors are anticipated to drive the demand for market growth.

Gather more insights about the market drivers, restrains and growth of the Global caps and closures market

Caps And Closures Market Segments Highlights:

1. Based on application, the market is categorized into beverages, food, personal care, home care, healthcare, and industrial segments.

2. Beverages segment held the largest revenue share of over 27.0% in 2023. Growing consumption of non-alcoholic beverages is anticipated to support segment growth.

3. Rising consumption of packaged food products, Ready-To-Eat (RTE) meals, and on-the-go snacks is anticipated to drive segment growth over the forecast period.

4. Growing demand for senior-friendly as well as child-resistant closures that minimize incidences of accidental ingestion of over-the-counter (OTC) medications by infants and children is expected to augment demand for caps and closures in this segment over the forecast period.

5. Asia Pacific dominated the market with the largest revenue share of over 41.7% in 2023. The presence of highly populous countries, such as China and India, coupled with the growing food & beverage industry is expected to drive the regional market.

6. Furthermore, increasing demand for cosmetics and home care products from countries, such as Japan and South Korea, is expected to boost caps and closures consumption.

7. In North America, increased consumption of alcoholic and non-alcoholic beverages in countries, such as the U.S. and Canada are triggering demand for caps and closures in the beverage industry.

8. Based on material, the market is categorized into plastic, metal, and other segments. Plastic segment held the largest revenue share of over 54.0% in 2023. Plastic material poses environmental concerns due to lower degradability as well as occurrence of CO2 emissions during its production.

9. Metal closures are widely used for covering beverage glass bottles, metal cans of food products, as well as bottles of pharmaceuticals.

10. The others segment contains materials, such as glass, cork, and rubber, which are gaining popularity as these offer robust sealing solutions as well as provide aesthetic appeal to packaging.

11. Based on product, the market is divided into screw closures, dispensing caps, aerosol closures, crown closures, and other segments. Screw closures segment held the largest revenue share of over 32.0% in 2023.

12. Dispensing caps of various types including pumps, triggers, and flip flops among others, are used in multiple end-use industries, such as food, cosmetics, pharmaceutical, and automotive. Availability of various types of dispensing caps according to the product being packaged, convenience in usage, and controlled flow of packaged products are anticipated to boost the growth of this segment.

13. The rising consumption of beverages is expected to lead to increasing demand for packaging closures.

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Caps And Closures Market Segmentation

Grand View Research has segmented the global caps and closures market based on material, product, application, and region:

Caps And Closures Material Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

1. Plastic

2. Metal

3. Others

Caps And Closures Product Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

1. Dispensing Caps

2. Screw Closures

3. Crown Closures

4. Aerosol Closures

5. Others

Caps And Closures Application Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

1. Beverages

2. Food

3. Healthcare

4. Personal Care

5. Home Care

6. Industrial

Caps And Closures Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

1. North America

2. Europe

3. Asia Pacific

4. Central & South America

5. Middle East & Africa

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