Italy Plastic Caps and Closures Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.61 Billion |
| Market Size (2029) | USD 1.92 Billion |
| CAGR (2024 - 2029) | 3.61 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Plastic Caps and Closures Market Analysis
The Italy Plastic Caps And Closures Market size is estimated at USD 1.61 billion in 2024, and is expected to reach USD 1.92 billion by 2029, growing at a CAGR of 3.61% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 40.10 billion units in 2024 to 46.95 billion units by 2029, at a CAGR of 0% during the forecast period (2024-2029).
- Italy is the eighth-largest economy in the world and the third-largest in Europe. Italy depends on raw material imports from the United States. According to the United States Department of Agriculture (USDA), in 2023, the U.S. shipped $1.8 billion worth of agricultural products to Italy, contrasting with the $7.4 billion in imports it received from Italy. This trade dynamic underscores a trend: Italy predominantly exports consumer-oriented goods to the United States, whereas the United States leans towards exporting bulk commodities to Italy.
- According to the United States Department of Agriculture (USDA), the Italian food-processing sector is witnessing a trend of consolidation, with smaller companies increasingly merging. This shift is propelled by advancements in food technology, innovative marketing strategies, the allure of "Made in Italy" products, and a surge in exports of finished food items. Notably, Italian consumers persistently prefer baked goods, processed meats and seafood, and dairy products.
- Sacmi Imola S.C., among other Italian manufacturers, leads the charge in product innovation, particularly in crafting leakproof closures. Their strategic focus on R&D, specifically for cap and closure design and marketing, not only bolsters their market presence in Italy but also positions them as a frontrunner. Furthermore, their emphasis on sustainable solutions for caps and closures further propels market expansion.
- Yet, heightened environmental concerns in Italy, especially surrounding plastic packaging, present a significant hurdle. The escalating worry over plastic packaging pollution, with its direct threat to marine ecosystems, is a pressing issue that directly impacts market dynamics. Consequently, a notable trend emerges: a growing number of manufacturers are pivoting towards metal as a viable alternative for their caps and closures, fundamentally reshaping the market.
Italy Plastic Caps and Closures Market Trends
Polyethylene (PE) Segment is Estimated to Have the Largest Market Share
- Polyethylene (PE), derived from petroleum polymers, stands out as a highly durable plastic, boasting chemical resistance and cost-effectiveness. It's further segmented into high-density polyethylene (HDPE) and low-density polyethylene (LDPE), both known for their resilience against environmental hazards. The growing demand for Polyethylene (PE) polymer for making caps and closures for food, beverage, dairy products, and juice bottles bolsters the market growth in the country.
- HDPE and LDPE are the predominant materials used to produce caps and closures. HDPE variants are used primarily in water, dairy, and juice bottles. Given its robust chemical resistance, polyethylene, especially HDPE, has long been the go-to choice for bottle closures, particularly in industrial and chemical settings in Italy.
- Notably, HDPE is prized for its strength and longevity. This thermoplastic polymer, derived from petroleum, is highly versatile, rendering it a top pick for cosmetics, beverages, and various other applications. In Italy, manufacturers such as Giflor Srl, Bericap Holding GmbH, and Sacmi Imola S.A focus on producing caps made of PE material, available in various colors and sizes.
- The rising import of caps, closures, and lids into Italy, notably from France, Germany, China, Belgium, and Spain, caters to industries like cosmetics, beverages, healthcare, and chemicals, driving market expansion. Data from the International Trade Centre (ITC) reveals that Italy's imports of caps and closures reached USD 455.69 million in 2023, marking a 9.81% increase from the previous year.
Beverage Segment Expected to Dominate the Market
- Italy's surging beverage consumption owes much to its burgeoning tourism industry. Both locals and visitors are fueling a heightened appetite for both alcoholic and non-alcoholic drinks. Data from the World Travel and Tourism Council (WTTC) reveals that in the previous year, Italy's Travel & Tourism sector contributed EUR 215 billion (USD 233.05 billion), representing 10.5% of the nation's total economic output, firmly establishing it as a linchpin of the Italian economy.
- Italy's increasing focus on health and an aging demographic, as highlighted by the United States Department of Agriculture (USDA), is spurring demand for health and wellness products. This shift is evident in the popularity of functional foods and beverages, especially fermented foods, healthy juices, and probiotics, often sealed with threaded and unthreaded caps, driving market expansion.
- Key players such as Bericap Holding GmbH in Italy are tailoring caps and closures to ensure optimal packaging sealability. Furthermore, the rising practice of adorning these closures with vibrant colors, using cutting-edge digital printing, is not just enhancing brand recognition but also boosting the demand for plastic closures across the nation.
- Italy's rising thirst for bottled water can be traced to its reputation for high quality, purity, and a diverse range of sparkling options. Italian restaurants and cafes, favoring the convenience of threaded plastic caps, are notably contributing to this trend. Citing Gambero Rosso, a prominent Italian food and wine publication, Italy's bottled water market has seen consistent growth in recent years. In 2022, consumption reached nearly 15 billion liters, with a projected uptick to 15.4 billion liters in 2023, underscoring this upward trajectory.
Italy Plastic Caps and Closures Industry Overview
The Italy plastic caps and closures market is moderately consolidated, with players such as Berry Global Inc., Bericap Holding GmbH, Giflor Srl, and Bosisio Francesco & C. SpA. To solidify their footprint in the market, the players focus on new product development, partnerships, mergers and acquisitions, and collaborations in Italy. A strategic focus on customized caps and closures in the market is a competitive advantage for a few manufacturers in the country.
- February 2024: Giflor Srl, an Italy-based company, announced the launch of the Ring, a bi-color cap. These caps have unique designs, a glossy body, and a matte top, which gives the product a sophisticated and contemporary appearance. Additionally, the Ring is made with fully recyclable material, is patented, and is lightweight.
Italy Plastic Caps and Closures Market Leaders
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Giflor Srl
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Bericap Holding GmbH
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Berry Group Inc.
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Bosisio Francesco & C. SpA
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Sacmi Imola S.A
*Disclaimer: Major Players sorted in no particular order
Italy Plastic Caps and Closures Market News
- July 2024: Sacmi Imola S.C., an Italy-based company, showcased its products at ProPak West Africa 2024, held at the Landmark Centre, Lagos, Nigeria. The company featured its broadest range of customizable caps and closures at the expo, which cater to the specific needs of consumers, including design and product development.
- May 2024: Sacmi Imola S.C., an Italy-based company, showcased its latest caps and closures at the IPLAS (International Plastics Exhibition) in Chennai, India. The highlight was Sacmi showcasing their innovative 26/22 mm lightweight multi-purpose caps, specifically designed for carbonated beverages and other relevant applications.
Italy Plastic Caps and Closures Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
- 4.2 Industry Value Chain Analysis
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Growth in the Food and Beverage Industry
- 5.1.2 Increasing Product Innovation in the Market
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5.2 Market Challenge
- 5.2.1 Growing Environmental Concerns Over Plastic Packaging
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
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7.1 By Resin
- 7.1.1 Polyethylene (PE)
- 7.1.2 Polyethylene Terephthalate (PET)
- 7.1.3 Polypropylene (PP)
- 7.1.4 Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.)
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7.2 By Product Type
- 7.2.1 Threaded - Screw Caps, Vacuum, etc.
- 7.2.2 Dispensing
- 7.2.3 Unthreaded - Overcaps, Lids, Aerosol-based Closures
- 7.2.4 Child-resistant
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7.3 By End-Use Industries
- 7.3.1 Food
- 7.3.2 Beverage
- 7.3.2.1 Bottled Water
- 7.3.2.2 Carbonated Soft Drinks
- 7.3.2.3 Alcoholic Beverages
- 7.3.2.4 Juices & Energy Drinks
- 7.3.2.5 Other Beverages
- 7.3.3 Personal Care & Cosmetics
- 7.3.4 Household Chemicals
- 7.3.5 Other End-Use Industries
8. COMPETITIVE LANDSCAPE
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8.1 Company Profiles*
- 8.1.1 Amcor Group GmbH
- 8.1.2 Bericap Holding GmbH
- 8.1.3 Berry Global Inc.
- 8.1.4 Aptar Group Inc.
- 8.1.5 Giflor Srl
- 8.1.6 Bosisio Francesco & C. SpA
- 8.1.7 Sacmi Imola S.C.
- 8.1.8 Wisecap Group
- 8.2 Heat Map Analysis
- 8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE
10. FUTURE OUTLOOK
** Subject To AvailablityItaly Plastic Caps and Closures Industry Segmentation
The scope of the study characterizes the plastic caps and closures market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as Food, Pharmaceuticals, Beverage, Cosmetics and Toiletries and more across various regions. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
Italy Plastic Caps and Closures Market is Segmented by Resin (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP) and Other Plastic Materials), by Product Type (Threaded- Screw Caps, Vacuum, Etc., Dispensing, Unthreaded- Over Caps, Lids, Aerosol-Based Closures, and Child-Resistant), by End-Use Industries (Food, Beverage (Bottled Water, Carbonated Soft Drinks, Alcoholic Beverages, Juices and Energy Drinks and Others), Personal Care and Cosmetics, Household Chemicals, and Other End-Use Industries). The Market Sizing and Forecasts are Provided in Terms of Volume (Units) and Revenue (USD) for all the Above Segments.
| By Resin | Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | ||
| Polypropylene (PP) | ||
| Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.) | ||
| By Product Type | Threaded - Screw Caps, Vacuum, etc. | |
| Dispensing | ||
| Unthreaded - Overcaps, Lids, Aerosol-based Closures | ||
| Child-resistant | ||
| By End-Use Industries | Food | |
| Beverage | Bottled Water | |
| Carbonated Soft Drinks | ||
| Alcoholic Beverages | ||
| Juices & Energy Drinks | ||
| Other Beverages | ||
| Personal Care & Cosmetics | ||
| Household Chemicals | ||
| Other End-Use Industries |
Italy Plastic Caps and Closures Market Research FAQs
How big is the Italy Plastic Caps And Closures Market?
The Italy Plastic Caps And Closures Market size is expected to reach USD 1.61 billion in 2024 and grow at a CAGR of 3.61% to reach USD 1.92 billion by 2029.
What is the current Italy Plastic Caps And Closures Market size?
In 2024, the Italy Plastic Caps And Closures Market size is expected to reach USD 1.61 billion.
Who are the key players in Italy Plastic Caps And Closures Market?
Giflor Srl, Bericap Holding GmbH, Berry Group Inc., Bosisio Francesco & C. SpA and Sacmi Imola S.A are the major companies operating in the Italy Plastic Caps And Closures Market.
What years does this Italy Plastic Caps And Closures Market cover, and what was the market size in 2023?
In 2023, the Italy Plastic Caps And Closures Market size was estimated at USD 1.55 billion. The report covers the Italy Plastic Caps And Closures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Plastic Caps And Closures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Plastic Caps and Closures Industry Report
Statistics for the 2024 Italy Plastic Caps And Closures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Plastic Caps And Closures analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
