Global Beverage Caps and Closures Market Overview: 2020-2027

Posted by rony on April 21st, 2021

Global Beverage Caps and Closures Market is anticipated to reach US$XX billion by 2027 from US$XX in 2019, recording the CAGR of XX% during the forecast period.

 

Caps and closures are crucial for prolonged shelf life and retaining the taste, texture, and flavor of the contents. The product plays an important role in visual appeal, brand differentiation, and convenience of use, thereby making the product packaging industry, which is serving as the driving factor for the market. Vendors coming out with caps and closures made of high-performance resins with good barrier properties along with excellent puncture and impact resistance is boosting the demand for products, thus maturing the overall packaging industry.

The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, by applications.

Global Beverage Caps and Closures Market Drivers:

Rising demand for convenience packaging and growing concerns about product safety and security is driving the global beverage caps and closures market growth. The surge in the consumption of carbonated soft drinks as well as performance enhancement beverages like energy & sports drinks have led to increasing the demand for packaging materials.

Moreover, the rising inclination of the consumers towards a healthy lifestyle followed by the increased demand for fruit & vegetable juices, thus, aiding the market growth. Additionally, the rise in consumption of alcoholic beverages, such as beer & cider and the extensive promotional activities organized by the leading beverage manufacturers are resulting to increase the sale of beverages, thereby driving beverage caps and closures market growth.

Global Beverage Caps and Closures Market Restraints:

Stringent government regulations on the use of plastic material for packaging due to the sudden threat of climate change is anticipated to be the prime factor restraining the growth of beverage caps and closures market during the forecast period. Growing health concerns associated with the consumption of carbonated as well as alcoholic drinks is limiting the sale of beverages, thus hindering the growth of global beverage caps and closures market.

Global Beverage Caps and Closures Market Opportunities:

Established beverage categories such as milk & fruit juice coupled with rising demand for mineral water, especially from developing and developed countries is expected to offer productive growth opportunities in the near future. Moreover, beverage categories such as sports drinks, ready-to-drink tea and coffee, and other healthy beverage alternatives will increase the overall demand for beverage closures during the forecast period.

Global Beverage Caps and Closures Market Segment Analysis

Plastic segment generated the highest share of US$ XX Mn in 2019.

On the basis of material, global Beverage Caps and Closures market is segmented into metal, plastic, and others. Plastic segment generated the highest market share in 2020 subjected to the variety of characteristics, such as flavor retention, products’ shelf life, and design parameters offered by the material. The metal segment is anticipated to grow continuously due to the features like ease of manufacturing & transport, economical, and lightweight offered by aluminum as well as regulations on the use of plastic.

Global Beverage Caps and Closures Market

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Global Beverage Caps and Closures Market Regional Insights:

Global Beverage Caps and Closures Market 1

North America is expected to account for the largest market share of xx% during the forecast period.

Based on geography, global Beverage Caps and Closures market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America dominated the global market in terms of revenue in 2020 and is projected to hold its supremacy over the forecast period 2020-2027. The U.S. market dominated the North America industry and the growth is subjected to the increasing number of carbonated soft drink consumers and growing demand for beer in cans and aerated soft drinks.

Asia-Pacific region is set to grow with the highest CAGR of XX% during the forecast period. Changing consumer preferences is indicating an increasing prominence towards energy and nutritional drink, which is compelling the demand for beverages. The ease of availability for raw materials like aluminum and steel in the Asia Pacific is further supporting the market growth.

The objective of the report is to present a comprehensive analysis of the Global Beverage Caps and Closures Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Beverage Caps and Closures Market dynamics, structure by analyzing the market segments and project the Global Beverage Caps and Closures Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Beverage Caps and Closures Market make the report investor’s guide.

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Global Beverage Caps and Closures market , by Raw Material

• Plastic

o Polyethylene

o Polypropylene

o Polyethylene terephthalate

o Polyvinyl chloride

o Polycarbonate

o Polystyrene

• Metal

o Aluminum

o Steel

• Others

o Glass

o Wood

o Rubber & Elastomers

o Paperboard

Global Beverage Caps and Closures market , by Type

• Plastic Caps and Closures

o Screws

o Dispensing Caps

o Liquid Carton Closures

o Plastic Lotion Pumps

o Plastic Aerosol Sprays

o Others

• Metal Caps and Closures

o Screw & Lug Cans

o Cap Ends

o Crown Caps

o Others

• Other Caps and Closures

o Corks

o Glass Stoppers

o Rubber Stoppers

o Others

Global Beverage Caps and Closures market , by Application

• Alcoholic Beverage

o Beer

o Wine

o Others

• Non-alcoholic Beverage

o Bottled Water

o Fruit & Vegetable Juices

o Carbonated Soft Drinks

o Others

Global Beverage Caps and Closures market , by Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

Global Beverage Caps and Closures Market Major Players

• RPC Group Plc

• Evergreen Packaging Inc.

• Reynolds Group Holdings Limited

• Crown Holdings Inc.

• Global Closure Systems

• Amcor Limited Plc

• Rexam PLC

• Berlin Packaging

• SABIC

• Alpha Packaging

• Pact Group Holdings

• Berry Plastics Corporation

• Silgan Holdings Inc.

• AptarGroup Inc.

• Guala Closures Group

• BERICAP GmbH Co. & KG

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