Product integrity is often associated with caps and closures as they act as the sealing devices of both bottles and containers. They are also the final components assembled during packaging and hence they are associated with the aesthetics and functionality of the product design. These caps come with plastic liners so that there is no contact between the end of the cap and the product inside. They also offer stability and rigidity and therefore produce a better image of the product. The aluminum caps and closure markets primarily cater to end-use industries such as nourishment and refreshment industries, beverages, food, pharmaceuticals, home care, etc.
The global aluminum caps and closures market is projected to reach USD 10.29 Billion by 2028 at a CAGR of around 5.28% during the forecasted period. Aluminum caps and closures are used across a variety of industries because of their ability to increase the shelf life of the product, to help the products be in a fresh and pristine condition and also to maintain the quality. These are the prime factors that drive the growth of the aluminum caps and closures market. Additionally, child-resistant caps and tamper-evident aluminum caps and closures also offer protection especially in the case of liquid medicines in pharmaceuticals.
The market is highly fragmented due to high number of players and the major players use strategies such as joint ventures, acquisitions, expansions, and new product launches to capture the market share. With more focused attention by manufacturers towards convenience packaging and finding suitable methods to handle customer grievances about product safety, security, and integrity, the market offers an excellent opportunity to manufacturers as well as consumers. With stringiest regulations with respect to product safety, various trials are to be conducted to check the integrity of these products, hence costs are increased because of these tests. These are the key factors hindering the growth of the market.
On the basis of product, the global aluminum caps and closures market is divided into easy-open can ends, non-refillable closures, and roll-on pilfer-proof caps. The roll-on pilfer-proof product type is expected to have the largest market share in global aluminum caps and closures market. Increasing demand for this product type in food and beverage and pharmaceutical industries is the prime reason for the market growth. Screw-on caps also provide aesthetic appeal, functionality and are more cost-effective when compared to corks and others in wine, spirits and other beverages. Home and personal care, pharmaceuticals, beverages, and food are some of the major end-users analyzed in the global aluminum caps and closures market. Among these, the beverages industry has a considerable advantage over other end-users as they are currently ahead of the pack in terms of alcoholic and non-alcoholic beverages packaging.
The aluminum caps and closures market has analyzed across the five regions including, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its major countries. Asia Pacific has the highest market share among all regions and is expected to maintain its top position during the forecast period. Increasing demand in countries like China and India due to favorable economic conditions, rising income levels of the middle-class population and rapid industrialization are some of the major factors contributing to the growth of the market in the region. Another key region for global aluminum caps and closures market to grow in Europe. Rising intake of ready to eat food would help the aluminum caps and closures market grown in this region.
The report covered the detailed competitive analysis including company profiles of the major industry players operating in the global bag filter market. Key players profiled in the report are Closure Systems International, Alcopack Group, Herti JSC, Guala Closures, Alameda Packaging, Osias Berk Company, Torrent Closures, Cap & Seal Pvt. Ltd., Federfin Tech S.R.L., Crown Holdings, Silgan Holdings, Amcor, and others.
|Report Attribute||Report Scope|
|Historic Data||2018 - 2020|
|Forecast Period||2021 - 2028|
|Units||Market Revenue in USD Million and CAGR in % from 2021 - 2028|
|Report Coverage||Revenue Forecast, Competitive Landscape, Company Market Share, Market Growth Factors, and Future Trends|
|Segments Covered||Product (Easy-open Can Ends, Non-refillable Closures, and Roll-on Pilfer-proof Caps) and End User (Home and Personal Care, Pharmaceuticals, Beverages, and Food)|
|Region||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries||U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Argentina, UAE, Saudi Arabia, South Africa|
|Major Companies Profiled||Closure Systems International, Alcopack Group, Herti JSC, Guala Closures, Alameda Packaging, Osias Berk Company, Torrent Closures, Cap & Seal Pvt. Ltd., Federfin Tech S.R.L., Crown Holdings, Silgan Holdings, Amcor, and others|
The report segments the global aluminum caps and closures market as follows:
Aluminum Caps and Closures Market, Product Segment Analysis
- Easy-open Can Ends
- Non-refillable Closures
- Roll-on Pilfer-proof Caps
Aluminum Caps and Closures Market, End-User Segment Analysis
- Home and Personal Care
Aluminum Caps and Closures Market, Region Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa