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The Business Research Company’s Caps And Closures Global Market Report 2024 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2024-2033. The Caps And Closures Global Market Report 2023 evaluates caps and closures market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global caps and closures market is expected to grow from $73.17 billion in 2023 to $77.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to consumer packaging trends, food and beverage industry growth, pharmaceutical packaging needs, environmental concerns. The caps and closures market size is expected to see strong growth in the next few years. It will grow to $97.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.

The rising demand for alcoholic beverages is expected to propel the growth of the caps and closures market going forward. Alcoholic beverage refers to any fermented liquor containing ethyl alcohol or ethanol (CH3CH2OH), as an intoxication agent, such as beer, wine, or distilled spirit. Cap and closures are used in alcoholic beverages for safe and effective sealing solutions to guarantee product freshness, avoid leakage and assure regulatory compliance. The caps and closures aid in the preservation of alcoholic drinks by protecting them from external pollutants and keeping carbonation. For instance, in February 2023, according to Distilled Spirits Council of the United States, a US-based national trade association, spirits sales in the United States increased by 5.1% to reach a new high of $37.6 billion in 2022, while volumes increased by 4.8% to reach 305 million (9-liter cases). Therefore, the rising demand for alcoholic beverages will drive the caps and closures market.

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The caps and closures market segments in the report are:
1) By Type: Screw Caps, Dispensing Caps, Other Types
2) By Raw Material: Plastic, Metals, Others Raw Materials
3) By Technology: Injection Molding, Compression Molding, Post-Mold Tamper-Evident Band
4) By End-User: Food, Beverage, Healthcare, Cosmetics And toiletries, Other End-Users

The table of contents in TBRC’s caps and closures market report includes:
1. Executive Summary
2. Caps And Closures Market Characteristics
3. Caps And Closures Market Trends And Strategies
4. Caps And Closures Market - Macro Economic Scenario
5. Global Caps And Closures Market Size and Growth

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32. Global Caps And Closures Market Competitive Benchmarking
33. Global Caps And Closures Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Caps And Closures Market
35. Caps And Closures Market Future Outlook and Potential Analysis
36. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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