Europe Plastic Caps and Closures Market Size (2024 - 2029)

The Europe plastic caps and closures market is experiencing growth driven by the demand from essential industries such as beverages, food, pharmaceuticals, and cosmetics, which remained stable during the COVID-19 pandemic. Despite initial supply chain disruptions, the market is expanding due to increased consumption of packaged foods and the need for tamper-evident packaging in pharmaceuticals. While the demand in unit terms is primarily for low-cost options, the market's value is bolstered by the adoption of advanced closure solutions in pharmaceuticals and beauty care. The beverage sector is witnessing trends towards larger pack sizes and environmentally friendly closures, aligning with sustainability goals.

Market Size of Europe Plastic Caps and Closures Industry

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.50 %
Market Concentration Medium

Major Players

Europe Plastic Caps and Closures Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Plastic Caps and Closures Market Analysis

The Europe plastic caps and closures market is expected to grow at a CAGR of 4.5% during the forecast period (2021-2026). The impact of COVID-19 on the plastic caps and closures market is very minimal as it supports the end-user industries such as beverages, food, pharmaceutical and healthcare, cosmetics and toiletries, etc., which comes under essential services and were not discontinued even amidst the lockdown restrictions. However, the supply chain disruptions caused in starting four months of 2020 has resulted in order delays and lead time across the supply chain.

  • Food consumption has been witnessing high growth. This has led to a demand for packaged food products with longer shelf life and sterility. Various companies in Europe around manufacturing packages, which help in achieving these objectives so that manufacturers of food products can transport and sell their products to the end-customers. Also, the pharmaceuticals industry is anticipated to generate demand for tamper-evident caps and closures, as they offer child-resistant and contamination-free packaging.
  • Although the majority of caps and closures demand in unit terms is for low-cost commodity types such as plastic screw caps and metal crowns, market value growth will be driven by the growing use of more sophisticated closure products in packaging for pharmaceuticals and beauty care products. While gains in the developing countries will generally be faster than those in developed markets, growth opportunities will also exist in the large West European markets.
  • Some of the key trends in the beverage sector include shifting to larger pack sizes in some categories, such as beer and carbonates, impacting the size and type of closure used. Meanwhile, in the still drinks, packaged water, and sports drinks categories, where on-the-go consumption is a primary driver of demand, smaller individual pack sizes are becoming more common.
  • The food and beverage insudtry is the largest manufacturing sector in the United Kingdom, larger than the automotive and aerospace sector combined. The total food and beverage export figures worth more than GBP 23 billion, with an industry turnover of GBP 104 billion, accounting for 19% of the total UK manufacturing. The revenue generated from the manufacturing of food products in the United Kingdom amounted to USD 106.58 billion in 2018, and it is expected to reach USD 117.72 billion by 2024.
  • Some end users already start moving towards lighter weight closures, which contribute to meeting beverage companies' environmental targets and saving material and energy costs. In an effort to reduce pollution, European Union recently banned a range of single-use plastic products on Saturday, including straws, plates, cutlery, etc. whereas drinking bottles must contain 30% recycled plastics.

Europe Plastic Caps and Closures Industry Segmentation

The report on the Europe plastic caps and closures market studies various segments that are part of manufacturing different types of plastic materials, such as PET, PP, etc. The end-user industries of the caps and closures market include beverage, food, pharmaceuticals and healthcare, cosmetics and toiletries, and other end users, such as household chemicals like detergents, cleaners, soaps, and polishes, automotive cleaners, paints and coatings, and chemicals, among others.

Material
PET
PP
LDPE and HDPE
Other Materials
End-user
Beverage (Bottled Water, Beer, Dairy, RTD, Wine, Spirits, etc.)
Food
Pharmaceutical and Healthcare
Cosmetics and Toiletries
Household Chemicals (Detergents, Cleaners, Soaps, and Polishes)
Other End-user Industries(Automotive Cleaners, Paints and Coatings, Chemicals, etc.)
Geography
United Kingdom
Germany
Italy
Rest of Europe
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Europe Plastic Caps and Closures Market Size Summary

The Europe plastic caps and closures market is poised for steady growth, driven by its integral role in essential industries such as beverages, food, pharmaceuticals, healthcare, and cosmetics. Despite the minimal impact of COVID-19 on these sectors, initial supply chain disruptions highlighted the market's resilience. The increasing demand for packaged food with extended shelf life and sterility, alongside the pharmaceuticals sector's need for tamper-evident and child-resistant packaging, is propelling market expansion. While the majority of demand is for cost-effective commodity types, the market value is bolstered by the adoption of sophisticated closure solutions in pharmaceutical and beauty care packaging. The beverage sector, particularly in bottled water and ready-to-drink categories, is witnessing a shift towards larger and smaller pack sizes, influencing closure types and sizes. The trend towards lighter weight closures aligns with environmental goals, especially in light of the European Union's regulations on single-use plastics.

The market landscape is moderately concentrated, with major players like Albea Group, Tetra Pak International SA, and BERICAP GmbH & Company KG leading the charge. These companies are actively expanding their global footprint through strategic collaborations and acquisitions, such as BERICAP's acquisition of Mala Verschluss-Systeme GmbH, to enhance their product offerings and market reach. Innovations like AptarGroup's partnership with REBO to develop a smart water bottle cap exemplify the industry's focus on integrating technology and sustainability. The introduction of sustainable products, such as Guala Closures Group's Divinum Blossom, reflects a broader industry commitment to eco-friendly solutions. As the market evolves, the demand for plastic caps and closures is expected to rise, driven by trends in health-conscious consumer behavior and the increasing popularity of bottled water and functional beverages.

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Europe Plastic Caps and Closures Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Intensity of Competitive Rivalry

      5. 1.3.5 Threat of Substitute Products

    4. 1.4 Assessment of COVID-19 Impact on the Industry

    5. 1.5 Market Drivers

      1. 1.5.1 Product Innovation to Aid Product Differentiation and Branding

      2. 1.5.2 Rising Demand for Smaller-sized Packs

    6. 1.6 Market Restraints

      1. 1.6.1 Lightweight and Cost-effective Stand-up Pouch Packaging Alternatives

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 PET

      2. 2.1.2 PP

      3. 2.1.3 LDPE and HDPE

      4. 2.1.4 Other Materials

    2. 2.2 End-user

      1. 2.2.1 Beverage (Bottled Water, Beer, Dairy, RTD, Wine, Spirits, etc.)

      2. 2.2.2 Food

      3. 2.2.3 Pharmaceutical and Healthcare

      4. 2.2.4 Cosmetics and Toiletries

      5. 2.2.5 Household Chemicals (Detergents, Cleaners, Soaps, and Polishes)

      6. 2.2.6 Other End-user Industries(Automotive Cleaners, Paints and Coatings, Chemicals, etc.)

    3. 2.3 Geography

      1. 2.3.1 United Kingdom

      2. 2.3.2 Germany

      3. 2.3.3 Italy

      4. 2.3.4 Rest of Europe

Europe Plastic Caps and Closures Market Size FAQs

The Europe Plastic Caps and Closures Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

Tetra Pak International SA , BERICAP GmbH & Company KG , Albea Group, Crown Holdings Inc. and Berry Global Inc. are the major companies operating in the Europe Plastic Caps and Closures Market.

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