Aluminium Caps & Closures Market Forecasts to 2028 – Global Analysis By Type (Lugs, Screw Caps, Crown Cork, East Open End, Other Types), Product (Spout Closures, Roll-On Pilfer-Proof Caps, Easy-Open Can Ends, Non-Refillable Closures, Other Products), End

Aluminium Caps & Closures Market Forecasts to 2028 – Global Analysis By Type (Lugs, Screw Caps, Crown Cork, East Open End, Other Types), Product (Spout Closures, Roll-On Pilfer-Proof Caps, Easy-Open Can Ends, Non-Refillable Closures, Other Products), End User (Home & Personal Care, Food and Beverages, Pharmaceuticals, Cosmetics, Other End Users), and Geography

According to Stratistics MRC, the Global Aluminium caps and closures Market is accounted for $6.95 billion in 2022 and is expected to reach $9.80 billion by 2028 growing at a CAGR of 5.9% during the forecast period. Different types and widths of aluminium caps and closures are produced. Compared to other materials, it offers stability and rigidity. The beverage and food business uses aluminium caps and closures frequently because they are highly favoured alternatives that display metal colouring finishing. Aluminium closures feature a sturdy structure that helps with distribution and easy opening. Depending on the size of the opening on bottles, containers, and jars, aluminium caps and closures are made. In order to prevent content loss, this is done. Additionally, it offers defence against moisture, grime, and dust for products. It is beneficial for preserving the life span of goods.

According to Banco do Nordeste, in 2019, consumption of alcoholic beverages in the United States was 30.53 billion liters. Also, according to StatsCan, in 2018, the spirit sale in Canada was CND 5.49 billion. Most of the alcoholic beverage use aluminum enclosures for packing, which is expected to drive the demand for aluminum caps and closures in the region.

Market Dynamics:

Driver:

Demand from Pharmaceutical Packaging Sector

Healthcare products are packaged to prevent product contamination and to shield them from moisture, gas, light, and temperature changes. This is fueling the end-use industry for pharmaceuticals' demand for caps and closures. Following the epidemic, there is a growing daily need for medical supplies, healthcare facilities, and other associated goods. The healthcare industry's growth is accelerating the market for caps and closures. The demand for caps and closures would rise in tandem with the healthcare sector's strong growth rate, which will undoubtedly benefit the caps and closures market.

Restraint:

Limitations of aluminium caps and closures

Strict environmental laws and regulations, as well as growing restrictions on the disposal of plastic trash in landfills, are a few of the major market limitations. Additionally, strict laws are now in place for consumer product, cosmetic, and beverage packaging due to the increase in plastic pollution. Aluminium Caps and closures composed of virgin and post-consumer recycled materials are being developed by numerous companies. However, due to the stringent laws controlling the packaging of food, drink, and healthcare products, these product lines are only appropriate for a select few uses. Recycling is also difficult because many closures are two-piece designs consisting of several materials or elements mixed together. It is therefore projected that the aforementioned issues will operate as market restraints for aluminium caps and closures.

Opportunity:

Surging demand for packaged food and beverages

As the primary goal of the packaging sector is to protect the flavour, texture, quality, and shelf-life of food and beverage items, the rising sales of packaging beverages and foods are one of the key drivers driving the market for aluminium caps and closures. The main variables influencing packaged food and beverage sales are growing health concerns, demand in ready-to-eat foods, increasing levels of income and rising living standards. Modern customers increasingly prefer organic wines as a sign of superior quality since they are aware of the methods used in wine production and provenance. In addition, the market for aluminium caps and closures is anticipated to be driven by millennials' rising wine consumption. Therefore, it is anticipated that the aforementioned causes would boost the wine business, which will in turn fuel a boom in the market for aluminium caps and closures.

Threat:

Availability of raw materials

The terms and length of the agreement with the resin makers, which normally spans from one year to couple of years, determine the cost of the raw materials. The demand and supply forces at play locally and globally, as well as governmental laws, all affect the raw material availability. Due to external market factors such pressures of supply and demand, the import-export scenario, rules, and regulations, the price of resin is prone to change. These elements would ultimately have an impact on the price of raw materials, which is the price associated with resins. Additionally, this variation may have a negative impact on the aluminium caps and closures market economic expansion.

Covid-19 Impact

The COVID-19 explosion has created a number of unusual obstacles for all producers and manufacturers. Due to the worldwide quarantine, the industries that manufacture aluminium caps and closures also had a difficult time obtaining workers and constructing plastic. During the lockdown, everything from acquiring the raw materials to delivering the finished product was on the line.

The Roll-on pilfer-proof caps segment is expected to be the largest during the forecast period

The Roll-on pilfer-proof caps segment is estimated to have a lucrative growth. For the packaging of alcoholic beverages, wine, and sparkling drinks, they offer a dependable solution. The roll-on pilfer-proof caps' additional benefit is that they are a more affordable packaging option than cork and provide more space for logos, graphics, and other design elements. Such caps are used to properly seal glass as well as plastic bottles in order to avoid theft. The upper layer or sidewall of the caps is created with a certain shape of stamping and chamfering. These kinds of caps and closures are frequently found on syrup bottles, alcohol bottles, bottles for antiseptic liquids, and containers for food and oil, among other things. Screwing on the bottle caps releases the seal, which can then be re-sealed after use. Although the seal protection is gone once it is broken, it does offer some insulation protection when closed.

The food and beverages segment is expected to have the highest CAGR during the forecast period

The food and beverages segment is anticipated to witness the fastest CAGR growth during the forecast period. In the packaging of beverages like wine, vodka, and spirits bottles, aluminium closures are often utilised. Aluminium closures offer the first line of defence against the growing concerns with counterfeiting in the spirits, fine olive oil, and bottled water industries. The parent industry's growth ultimately fuels the market for aluminium caps and closures.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increased demand in end-use sectors such alcoholic beverages, beer, food & soft drinks, and pharmaceuticals due to their low manufacturing costs and capacity to keep the beverages safe. Additionally, the market is seeing a number of expansion prospects due to the increase in exports from these nations and the development of technologically superior packaging solutions. The fact that India is a prominent country with a sizable global customer base also drives up the need for caps and closures in the packaging market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. The key elements that may push the market demand in the region are the quick technical advances in packaging solutions and the shifting lifestyles of the populace. Additionally, the expanding food industry and rising demand for packaged foods are creating a number of profitable business options. Due to the large number of millennials who work outside the home, there may be an increase in demand for packaged foods in the area.

Key players in the market

Some of the key players profiled in the Aluminium Caps & Closures Market include Crown Holdings, Ema Pharmaceuticals, Global Closure Systems, Hicap Closures, Amcor PLC, Cap & Seal Pvt. Ltd, Integrated Caps, ITC Packaging, Silgan Holdings, Alameda Packaging, Osias Berk, Torrent Closures, AptarGroup and Berry Global Group Inc.

Key Developments:

In August 2019, AptarGroup, Inc. entered in to a partnership with Nippon Closures Co., Ltd (manufacturer of bottle closures based in Japan). Under the partnership the companies will cross-license their technologies for producing tethered beverage closures. The partnership will help AptarGroup to expand its product portfolio of dispensing closures.

In July 2019, Berry Global Group Inc. acquired RPC Group plc, a manufacturer of plastic packaging products including caps & closures. RPC Group currently has 153 manufacturing sites in 33 countries. The acquisition will help Berry Global to expand its production capacity and increase its market share in caps and closures market.

Types Covered:
• Lugs
• Screw Caps
• Crown Cork
• East Open End
• Other Types

Products Covered:
• Spout Closures
• Roll-On Pilfer-Proof Caps
• Easy-Open Can Ends
• Non-Refillable Closures
• Other Products

End Users Covered:
• Home & Personal Care
• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements