Metal Caps and Closures Market Share, Size and Forecast Report, 2022 to 2030

Metal Caps and Closures Market Overview

The report is titled as ‘Metal Caps and Closures Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Metal Caps and Closures market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

The metal caps and closures market is estimated to reach at a value of US$ 12.2 Bn by the end of 2022 and expected to reach at a value of US$ 17.2 Bn by 2030 with a significant CAGR of 4.4%.

Metal Caps and Closures Introduction

Metal caps and closures can be understood as the metallic caps which majorly serve its utility as sealants for the container. The metal caps and closures assist in improving the utility of the container by augmenting the convenience and elongating the shelf life. In addition to that, it also aids in delivering protection by curtailing the odds of larceny or damage to the constituents of the containers.

The metal caps and closures are mainly composed of aluminum, steel, and tin plate. All these materials facilitate the ensuring the quality of the goods during transport and storage. These caps and closures are generally employed in various industries such as pharmaceuticals, food & beverages, lubricants, paints, and cosmetics, among many others. On account of the massive penetration of metal caps and closures across various industry verticals all around the world, demand for metal caps and closures is estimated to rise over the following years.

In addition to that, the swift surge in wine consumption is further projected to offer the metal caps and closures industry an enormous opportunity in the coming years owing to the benefits of metal caps and closures.

Metal Caps and Closures Market Segmentation

The global metal caps and closures market is segmented on the basis of product type, material type, end use, and region.

By Product Type

Crowns

Screw Caps

Can Ends

Others

By Material Type

Steel

Aluminum

Tin

By End Use

Food

Dairy Products

Meat, Poultry, and Seafood

Ready-to-eat Food

Others

Beverage

Alcoholic

Non-alcoholic

Pharmaceuticals

Personal Care

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Metal Caps and Closures Market Key Players

Some of the key participating players in global Metal Caps and Closures market are:

Crown Holdings, Inc.

Sonoco Products Company

Guala Closure Group

Amcor Limited

Nippon Closures Co. Ltd

O Berk Company, LLC

Manaksia Industry Ltd.

Pelliconi & C. SPA

CL Smith Company

Closure Systems International

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Current product compliance

Reimbursement

Concerns for use of Metal Caps and Closures

Advantages of Metal Caps and Closures

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.