The aluminium caps and closure market were valued at USD 5.8 billion in 2020 and is expected to reach USD 7.8 billion by 2025, registering a CAGR of 5.1% during the period of 2020-2025. 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.
North America is Expected to Hold a Major Share in Aluminium Caps and Closure Market:
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.
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.
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.
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)
Aluminium Caps & Closures Market
Product Type Insight and Forecast 2020 – 2025
End-Use Sector Type Insight and Forecast 2020 – 2025
Aluminium Caps & Closures Market by Region
Rest of the World (RoW)