Market Size of Benelux Plastic Caps And Closures Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.39 Billion |
| Market Size (2029) | USD 1.63 Billion |
| CAGR (2024 - 2029) | 3.21 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Benelux Plastic Caps and Closures Market Analysis
The Benelux Plastic Caps And Closures Market size is estimated at USD 1.39 billion in 2024, and is expected to reach USD 1.63 billion by 2029, growing at a CAGR of 3.21% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 34.87 billion units in 2024 to 41.45 billion units by 2029, at a CAGR of 3.52% during the forecast period (2024-2029).
- The food processing industry's growth in the Benelux countries, including Belgium, the Netherlands, and Luxembourg, has bolstered the demand for plastic caps and closures, driving the market’s expansion. These nations, integral to the European Union (EU) for trade, further fuel this growth.
- Per the US Department of Agriculture (USDA), despite its size, the Netherlands serves as a vital entry point for US goods into the European Union, boasting a diverse port network. As the EU's leading importer, it is the world's second-largest exporter of agricultural products, trailing only the United States and Germany. The Netherlands, with its concentration of specialized traders and food processors, is a key gateway for US products entering the European Union.
- Additionally, the rising consumption of non-alcoholic beverages-like juices, energy drinks, and soft drinks in Belgium and the Netherlands, driven by increasing tourism and evolving consumer tastes, is fueling market growth.
- Regional manufacturers, such as Berry Global Inc. and Bericap Holding GmbH, offer a broad range of caps and closures, including screw, flip-top, child-resistant, and tamper-evident options. These cater to diverse end-use industries like beauty, food, beverages, healthcare, and home care, further stimulating market growth.
- However, the food and beverage industry's increasing preference for lightweight standard pouches, especially for packaged foods and ready-to-drink beverages, is posing a challenge to the use of caps and closures in Benelux. These stand-up pouches, often with zippers or smaller closures, weigh less than traditional bottles and cans, leading to reduced shipping and handling costs, thus hindering the market's growth.
