Beverage Caps and Closures Market Size (2024 - 2029)

The beverage caps and closures market is projected to experience growth driven by the rising demand for packaged beverages and advancements in packaging technology. While traditional beverage categories like milk and fruit juice may see limited growth, emerging categories such as sports drinks and ready-to-drink beverages are expected to boost market size. However, stringent regulations on plastic usage pose challenges that could hinder the expansion of the market.

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Market Size of Beverage Caps and Closures Industry

Beverage Caps And Closures Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.54 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Beverage Caps And Closures Market Major Players

*Disclaimer: Major Players sorted in no particular order

Beverage Caps and Closures Market Analysis

The Global Beverage Caps and Closures market was valued at USD 62.08 billion in 2020 and is expected to reach a value of USD 80.87 billion by 2026 and work at a CAGR of 4.54% over the forecast period (2021-2026).

  • The increasing demand for packaged beverages coupled with the technological advancements in packaging solutions is expected to aid the growth of the market over the forecast period.
  • It was anticipated that the most established beverage categories such as milk and fruit juice are expected to offer sluggish growth opportunities, whereas, newer beverage categories including sports drinks, ready-to-drink tea and coffee, and other healthy beverage alternatives will increase the overall demand for beverage closures.
  • Stringent Regulations on the Usage of Plastic Bottles will act as a factor which will restrain the growth of beverage caps and closures. The regulations by the government have a direct and adverse effect on the sales of caps and closures.

Beverage Caps and Closures Industry Segmentation

Caps and closures are essential for extending the shelf life and retaining taste, flavour, and texture of the contents and also play a critical role in driving the visual appeal, brand differentiation, and convenience in the ease to open, thus, making them imperative for packaging industry, which is serving as the driving factor for the market.
Plastic caps and closures use PET, PP, and PE as the primary raw materials for manufacturing.
By Material
Metal
Plastic
Other Materials (Rubber, Cork)
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Beverage Caps and Closures Market Size Summary

The Beverage Caps and Closures Market is poised for growth, driven by the increasing demand for packaged beverages and advancements in packaging technology. Established beverage categories like milk and fruit juice are expected to experience slow growth, while newer categories such as sports drinks, ready-to-drink tea and coffee, and healthy alternatives are anticipated to boost demand for closures. However, stringent regulations on plastic bottle usage pose challenges to market expansion. Technological innovations in plastic packaging have led to significant product development, with companies investing in research and development to create unique and cost-effective solutions. This has resulted in new product offerings, such as FIJI Water's Sports Cap bottle and Dow Industries' PET resins portfolio, which are contributing to the market's growth.

The Asia Pacific region has demonstrated robust growth in the beverage industry, driven by rising disposable incomes and changing consumer preferences towards energy and nutritional drinks. The evolving middle class and workplace culture have increased alcohol consumption, further driving the demand for caps and closures in the region, particularly in countries like India and Taiwan. The market is highly competitive and fragmented, with major players like Amcor and Ball Corporation leading the market share. These companies are pursuing strategic collaborations, such as mergers and acquisitions, to expand their product offerings and geographical reach. The market landscape is characterized by the presence of both regional and international players, contributing to its dynamic nature.

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Beverage Caps and Closures Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Increasing Beverage Consumption in Developing Economies

      2. 1.3.2 Technological Advancements and Innovative Packaging Solutions

    4. 1.4 Market Restraints

      1. 1.4.1 Stringent Regulations on the Usage of Plastic Bottles

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Metal

      2. 2.1.2 Plastic

      3. 2.1.3 Other Materials (Rubber, Cork)

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 US

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 UK

        3. 2.2.2.3 France

        4. 2.2.2.4 Rest of Europe

      3. 2.2.3 Asia Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 India

        4. 2.2.3.4 Rest of Asia-Pacific

      4. 2.2.4 Latin America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Mexico

        3. 2.2.4.3 Rest of Latin America

      5. 2.2.5 Middle East and Africa

        1. 2.2.5.1 UAE

        2. 2.2.5.2 Saudi Arabia

        3. 2.2.5.3 South Africa

        4. 2.2.5.4 Rest of Middle East & Africa

Beverage Caps and Closures Market Size FAQs

The Beverage Caps and Closures Market is projected to register a CAGR of 4.54% during the forecast period (2024-2029)

Crown Holdings Inc., Berry Global, Inc., Aptar Group Inc., Evergreen Packaging Inc. and Global Closure Systems are the major companies operating in the Beverage Caps and Closures Market.

Beverage Caps & Closures Market Report Snapshots

Beverage Caps & Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)