The future of the global cap & closure market looks promising with opportunities in the food, beverage, healthcare, and cosmetics & toiletries markets. The global cap & closure market is expected to reach an estimated $98.3 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing demand for alcoholic & non-alcoholic beverages, growing knowledge of the advantages of eating a healthy diet, and increasing demand globally for bottled water.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the cap & closure market
by type (plastic caps & closures, metal caps & closures, and others
caps & closures), raw materials (plastic, metals, and others), end use
(food, beverage, healthcare, cosmetics & toiletries, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for loss
of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, plastic
and metals are the major segments of cap & closure market by raw material.
Lucintel forecasts that plastic is expected to witness highest growth over the
forecast period due to long life span, requirement for reclose-ability, the
desired product image, as well as, reduced biodegradability and carbon dioxide
emissions during manufacturing. Within this market, beverages will remain the
largest segment because of rising demand for packaged beverages, growing demand
for sustainable packaging, and the increasing popularity of online beverage
sales.
APAC is expected to
witness highest growth over the forecast period because of rising consumption
of packaged and processed foods and beverages along with rising disposable
incomes.
Crown, Amcor, Closure
Systems International, Ball, Silgan Holding, Berry, and Aptar are the major
suppliers in the cap & closure market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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