Frequently Asked Questions
The global metal caps and closures market was valued at USD 1.1 Billion in 2022.
The metal caps and closures market is expected to grow at a CAGR of 2.20% between 2023 and 2030, reaching USD 1.3 Billion in 2030.
Aluminum category is the leading segment by product, holding over 27% share in terms of value in 2022.
The compression molding segment governs the demand for metal caps and closures in the world, holding a massive share of over 52% in 2022.
The food & beverage segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the metal caps and closures industry, with over one-third share in 2022.
The top players include Crown Holdings Inc., O.Berk Company, Reynolds Packaging Group Ltd, Pelliconi & C. SpA, Nippon Closures Co. Ltd, Silgan White Cap, Sks Bottle & Packaging Inc., Amcor PLC, Berlin Packaging (Qorpak), Shadong Lipeng Co. Ltd and Rauh GmbH & Co. Blechwarenfabrikations-KG.
Due to growth-promoting factors like rising demand from the food and beverage industry as a result of its protective qualities, the market for metal caps and closures is expanding at a rapid rate.
The market expansion for metal caps and closures is anticipated to be hampered by the availability of less expensive alternative caps and closures.
The demand for metal caps and closures is projected to increase in the next years as the personal care industry increasingly uses them due to their special features that improve shelf life.