Global Aluminium Caps & Closures Market – Analysis and Forecast (2021-2028)

Industry Insights By Product Type (Roll-On-Pilfer-Proof, Easy open ends, Non-refillable closures, Others), By End-Use Sector (Beverage, Pharmaceutical, Food, Home & personal care, Others (automotive and chemical))

Industry Overview

The aluminium caps and closure market was valued at USD 5.8 billion in 2021 and is expected to reach USD 7.8 billion by 2028, registering a CAGR of 5.1% during the period of 2021-2028. The power of aluminium to shape any shape and its protective properties have made it one of the world's most flexible packaging materials. To prolong the shelf-life and maintain the taste, flavour, and texture of the packaged goods, aluminium caps & closures are important. Aluminium caps and seals play a crucial role in driving visual appeal, brand differentiation, and customer usability, in addition to providing leak-proof and contamination-resistant functionality. 

For the packaging sector, aluminium caps & closures are crucial and this acts as the main driving force for the development of the sector. In addition, the rising demand for branded goods is anticipated to raise the global market's steady momentum.

The materials which are used to cover or seal a single item are aluminium caps and seals. Protecting the substance from undesired germs, oxygen and pilferage is the key objective behind this stuff. It also helps to ease the transport of different objects. Owing to the nature of corrosion resistance, aluminium caps and seals are gaining further popularity. It is used in various fields, such as food and drink, home and personal care, and pharmaceuticals. The industry uses it to make its packaging more compact and user-friendly.

Market Segmentation

Insight by Product Type:

•    Roll-On-Pilfer-Proof     
•    Easy open ends
•    Non-refillable closures
•    Others 

The Roll-on pilfer-proof caps and closures segment dominated the Aluminium cap and closure market and held the largest market share of 23.94% in the year 2019.

Closure strips, spout closures, peel-off foils, non-refillable, easy-open can end and roll-on pilfer-proof caps are included in the product segment. The largest market share of the Roll-on pilfer-proof caps segment was 23.94 per cent in 2019 and is projected to demonstrate the fastest growth over the forecast period. Because of its tamper-evident property, it makes for a wide variety of applications in the pharmaceutical and food & beverage fields. In the packaging of sparkling drinks, wine, and spirits, roll-on pilfer-proof caps and seals are heavily used.

Insight by end-use sector:

•    Beverage
•    Pharmaceutical
•    Food
•    Home & personal care
•    Others (automotive and chemical)

The beverage segment dominated the market and valued at USD 1.53 billion in the year 2019

The automobile, chemical, home & personal care, pharmacy, food and beverage sector of the end-use market. The industry dominated the beverage group, which in 2019 was estimated at USD 1.53 billion and is expected to see the fastest growth over the projected period. This is due to its features, such as cost-effectiveness and lightweight. In a wide variety of packaging for alcoholic drinks, such as spirit bottles, vodka, and champagne, aluminium caps and seals are commonly used.

Pharmaceutical Sector is Expected to Witness the Highest Growth Rate in Aluminium Caps and Closure Market:

•    A persistently vigorous growth rate is expected for the pharmaceutical and healthcare industries, with growing demand in many regions, such as North America and Europe, owing to the tight regulatory climate in these regions. It is expected that anti-counterfeit and tamper-proof packaging technologies will boost the consumer demand for aluminium caps and closures.
•    In the pharmaceutical industry, the use of aluminium closures is on the rise because their rubber counterparts appear to contaminate the products. Aluminium seals, in addition, create a highly efficient shield without compromising the taste and scent of the substance.

Geographic Overview

•    APAC
•    Europe
•    North America
•    Middle East & Africa
•    South America

North America is Expected to Hold a Major Share in Aluminium Caps and Closure Market:
•    A substantial market share is anticipated in the North American area, which is home to several firms, including Reynold Group Holding Limited, Silgan Holding, Cary Company, O.Berk Company, and Crown Holding, among others.
•    In addition, the food and beverage industry is one of the region's largest users in the demand for aluminium caps and closures. For the preservation of food items, such as seeds, usually contained in glass containers, aluminium caps or seals are often used.
•    The intake of alcoholic drinks in the United States in 2019 was 30,53 billion litres, according to Banco do Nordeste. In2018, the selling of spirits in Canada was CND 5.49 billion, according to StatsCan. Many alcoholic drinks use aluminium packaging enclosures, which are expected to fuel the region's market for aluminium caps and closures.

Market Trends

•   More food and beverages are needed to increase population growth and per capita income growth in developed countries. In each end-use vertical, the pace of output for a single commodity and product line-up has risen successively in those countries last year. In the coming years, this reality has tremendous potential to push the market.
•   New brands are joining all the end-use verticals that demand more caps & closures of aluminium for each single packaged unit they make. This, in particular, is driving growth in this market. The quantity of the final packed unit is also reduced in order to maximise the amount of goods sold and eventually lead to the growth of the aluminium caps & closures market, retaining price vs. product offering rivalry among brands.
•   A restraining factor for this market has been plastic substitutes. As the price is smaller, plastic is used for the purpose of cost-cutting. The technical breakthrough in plastics and polymers today makes them environmentally sustainable and health-friendly. For this cause, producers are already favourable to plastics over aluminium and plastic closures have already begun to be introduced.
•   Syrups or powdered drug bottles and injection liquids are the most widely used end-use products in the pharmacy industry. In terms of market share in2018, the pharmaceuticals sector is second, which is about 20.7 percent. Across the projected period, the CAGR is expected to be 5.1 percent.

Market Drivers

As major drivers for aluminium caps and closures, growing demand for convenient food and increased operability serve as essential drivers. To keep the substance new and healthy from dust and other bacteria, a cap plays an imperative role. Consumers are on the lookout for user-friendly, easy to open, and simple to use closures. In different product categories, such as body care, skincare, drinks, and liquid food products, the growing popularity of dispensing closures and pump closures is set to accelerate the growth of the global aluminium caps and closure market.

The movement towards health and fitness is now moving towards preventive healthcare, which increases the market for FMCG goods targeting enhanced lifestyles. Illegal refilling of syrups and soft drinks and their counterfeiting poses a growing challenge and a significant risk to human health, customer trust and welfare in a highly competitive market. In order to educate customers about the quality and authenticity of the goods they are purchasing, caps that avoid leakage, tampering, and counterfeiting are becoming increasingly necessary.

Opportunities

In the next few years, developing countries such as China, India, and Brazil will face strong demand for aluminium caps & closures. Development is largely driven by favourable demographics and an increase in household incomes. When processed food goods eat up a rising share of the consumer's purchases due to changing habits, comfort and hygiene are becoming highly prized attributes. Due to the increasing FMCG industry, other developing economies, such as Mexico, Turkey, South Africa, and Indonesia, are attractive markets for aluminium caps & closures. Through diversifying their product portfolios and expanding their distribution base, cap makers are pursuing ambitious growth strategies in these nations.

Challenges

The per capita intake of aluminium caps & closures is high in developing economies such as the US and Western Europe, leaving further development to be reduced. The increasing trend of healthier beverage consumption by health-conscious customers, including juices and nutritional beverages, has also contributed to a decrease in sales of carbonated soft drinks (CSDs) in a few mature markets. Demand for aluminium caps & closures is related to sales of packaged goods on the retail front. In the last five years, the falling sales of soft beverages have hindered the growth of the soda packaging market, which is the main end consumer. The penetration of packaged product sales in other sectors, such as food and personal care, is high. Due to the interdependence of the growth of the end-use industries, notably in the beverage industry, demand for aluminium caps & closures is relatively lower in developing markets. Although this demand could be powered by improved consumption in the next five years, this presents a problem as the increase in consumption levels is projected to remain modest.

Key players

•    Leading players in the aluminium caps & closures market:-
•    Crown Holding (US)
•    Silgan Holdings (US)
•    Amcor (Australia)
•    Guala Closure (Luxembourg)
•    Alcopack (Germany)
•    Herti JSC (Bulgaria)
•    Torrent Closures (Spain)
•    Cap & Seal Pvt Ltd (India) 
•    Federfin Tech S.R.L (Italy)
•    Osias Berk (US)
•    ITC Packaging (US) 
•    DYZDN Metal Packaging (China)
•    Shangyu Sanyou Electro-Chemical Aluminium Products (China)
•    Alameda Packaging (US)
•    EMA Pharmaceuticals (France)
•    Helicap Closures (China)

Recent Developments

•    Crown Food Europe, a division of Crown Holdings, launched a new package of capping strategies in February 2018 to help food producers reduce the overall cost of ownership. The kit included the sale of its capping technology, ancillary parts, and technical specialist assistance for the service life of the unit. As part of this kit, three of Crown's capping technologies were made available for sale—Smart Capper, Euro Capper, and Global Capper.
•    Amcor purchased Bemis Business Inc. in June 2019. The merged firm will now be operating as Amcor Plc (Amcor). The acquisition of Bemis has created increased size, expertise, and presence that has validated the market-leading value proposition of Amcor and produced substantial shareholder value.

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Product Type
                1.2.2.    By End Use Sector
                1.2.3.    By Technology
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2025

5.    Market Segmentation Estimate and Forecast

        5.1.    By Product Type    
                5.1.1.    Roll-On-Pilfer-Proof  
                        5.1.1.1.    Market Definition
                5.1.2.    Easy open ends
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2025
        5.1.3.    Non-refillable closures
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2025
        5.1.4.    Others
                        5.1.4.1.    Market Definition
                        5.1.4.2.    Market Estimation and Forecast to 2025
            5.2.    By End Use Sector
                5.2.1.    Beverage
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2025
                5.2.2.    Pharmaceutical
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2025
                5.2.3.     Food
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2025
                5.2.4.    Home & personal care
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2025
                5.2.5.    Others (Automotive and Chemical) 
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2025

6.    North America Market Estimate and Forecast

        6.1.    By Product Type
        6.2.    By End Use Sector
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Product Type
        7.2.    By End Use Sector
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Russia Market Estimate and Forecast
                7.3.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Product Type
        8.2.    By End Use Sector
        8.3.    By Country 
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Product Type
        9.2.    By End Use Sector
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    U.A.E. Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Crown Holding
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Silgan Holdings
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Amcor
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Guala Closure
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Alcopack
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Herti JSC
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Torrent Closures
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.     Cap & Seal Pvt Ltd
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Federfin Tech S.R.L 
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Osias Berk
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
      10.11.    ITC Packaging
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
    10.12.    DYZDN Metal Packaging
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
    10.13.    Shangyu Sanyou Electro-Chemical Aluminium Products
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
    10.14.    Alameda Packaging
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
    10.15.    EMA Pharmaceuticals
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
    10.16.    Helicap Closures
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Aluminium Caps & Closures Market Size, by Product Type, 2021 – 2027 (USD Million)
Table 5 Global Aluminium Caps & Closures Market Size, by End Use Sector, 2021 – 2027 (USD Million)
Table 6 North America Aluminium Caps & Closures Market Size, by Product Type, 2021 – 2027 (USD Million)
Table 7 North America Aluminium Caps & Closures Market Size, by End Use Sector, 2021 – 2027 (USD Million)
Table 8 North America Aluminium Caps & Closures Market Size, by Country, 2021 – 2027 (USD Million)
Table 9 Europe Aluminium Caps & Closures Market Size, by Product Type, 2021 – 2027 (USD Million)
Table 10 Europe Aluminium Caps & Closures Market Size, by Vehicle Type, 2021 – 2027 (USD Million)
Table 11 Europe Aluminium Caps & Closures Market Size, by Country, 2021 – 2027 (USD Million)
Table 12 Asia-Pacific Aluminium Caps & Closures Market Size, by Product Type, 2021 – 2027 (USD Million)
Table 13 Asia-Pacific Aluminium Caps & Closures Market Size, by End Use Sector, 2021 – 2027 (USD Million)
Table 14 Asia-Pacific Aluminium Caps & Closures Market Size, by Country, 2021 – 2027 (USD Million)
Table 15 RoW Aluminium Caps & Closures Market Size, by Product Type, 2021 – 2027 (USD Million)
Table 16 RoW Aluminium Caps & Closures Market Size, by End Use Sector, 2021 – 2027 (USD Million)
Table 17 RoW Aluminium Caps & Closures Market Size, by Country, 2021 – 2027 (USD Million)
Table 18 Snapshot – Crown Holding
Table 19 Snapshot – Silgan Holdings
Table 20 Snapshot – Amcor
Table 21 Snapshot – Guala Closure
Table 22 Snapshot – Alcopack
Table 23 Snapshot – Herti JSC
Table 24 Snapshot – Torrent Closures
Table 25 Snapshot – Cap & Seal Pvt Ltd
Table 26 Snapshot – Federfin Tech S.R.L
Table 27 Snapshot – Osias Berk
Table 28 Snapshot – ITC Packaging
Table 29 Snapshot – DYZDN Metal Packaging
Table 30 Snapshot – Shangyu Sanyou Electro-Chemical Aluminium Products
Table 31 Snapshot – Alameda Packaging
Table 32 Snapshot – EMA Pharmaceuticals
Table 33 Snapshot – Helicap Closures

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Aluminium Caps & Closures Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Aluminium Caps & Closures Market Highlight
Figure 12 Global Aluminium Caps & Closures Market Size, by Product Type, 2015 – 2027 (USD Million)
Figure 13 Global Aluminium Caps & Closures Market Size, by End Use Sector, 2015 – 2027 (USD Million)
Figure 17 Global Aluminium Caps & Closures Market Size, by Region, 2015 – 2027 (USD Million)
Figure 18 North America Aluminium Caps & Closures Market Highlight
Figure 19 North America Aluminium Caps & Closures Market Size, by Product Type, 2015 – 2027 (USD Million)
Figure 20 North America Aluminium Caps & Closures Market Size, by End Use Sector, 2015 – 2027 (USD Million)
Figure 24 North America Aluminium Caps & Closures Market Size, by Country, 2015 – 2027 (USD Million)
Figure 25 Europe Aluminium Caps & Closures Market Highlight
Figure 26 Europe Aluminium Caps & Closures Market Size, by Product Type, 2015 – 2027 (USD Million)
Figure 27 Europe Aluminium Caps & Closures Market Size, by End Use Sector, 2015 – 2027 (USD Million)
Figure 31 Europe Aluminium Caps & Closures Market Size, by Country, 2015 – 2027 (USD Million)
Figure 32 Asia-Pacific Aluminium Caps & Closures Market Highlight
Figure 33 Asia-Pacific Aluminium Caps & Closures Market Size, by Product Type, 2015 – 2027 (USD Million)
Figure 34 Asia-Pacific Aluminium Caps & Closures Market Size, by End Use Sector, 2015 – 2027 (USD Million)
Figure 38 Asia-Pacific Aluminium Caps & Closures Market Size, by Country, 2015 – 2027 (USD Million)
Figure 39 RoW Aluminium Caps & Closures Market Highlight
Figure 40 RoW Aluminium Caps & Closures Market Size, by Product Type, 2015 – 2027 (USD Million)
Figure 41 RoW Aluminium Caps & Closures Market Size, by End Use Sector, 2015 – 2027 (USD Million)