Aluminum Caps And Closures Market By Product Type (Roll-on pilfer-proof caps, Easy-open can ends, Non-refillable, Others), By End-use (Food & Beverage, Pharmaceutical, Home & personal care, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027.

Rising product safety concerns worldwide will boost the market growth

The global aluminum caps & closures market is rising significantly, anticipated to expand at a CAGR of 4.3% during the estimated period from 2019 to 2027, starting from US$ 5.60 Bn in 2018.
 

With the rising concerns for product security and safety, along with the growing demand for convenience packaging solutions, the market is growing substantially. Decreased pack size and growing need for branding and product differentiation are expected to drive the aluminum caps & closure market growth over the forecast period. Wide application of aluminum caps & closures in various end-use industries (such as pharmaceuticals, personal care & home, food, and others) is anticipated to further enhance the market growth during the forecast period. Keep the product fresh, increasing the shelf life of the product, and others are some features of aluminum caps & closures projected to support the market growth in years to come. Emerging countries of Asia Pacific, including China, India, Indonesia, and others, are expected to enhance the market during the forecast period. Rising technological advancements in the industry are another prominent factor anticipated to drive the market over the forecast period.
 

Growing application across industries to spur the segment growth

The roll-on pilfer-proof caps segment has a major share in the market in 2018 and is projected to grow with the highest CAGR over the forecast period. The segment has the largest share owing to a wide application in the pharmaceutical and food & beverage industry. ROPP caps have numerous benefits, such as tamper-evident, cost-effectiveness, and others expected to support the segment's growth in years to come. The ROPP caps provide more space for graphics, logos, and other design features due to the roll-on pilfer-proof caps preferred by packaging manufacturers. As a result of the abovementioned factors, the segment is anticipated to continue its dominance during the forecast period.

Increasing food & beverage industry to spur the segment growth.

In 2018, the food & beverage segment had a major share in the global aluminum caps & closures market. The wide application of aluminum caps & closures for the packaging of non-alcoholic and alcoholic beverages is the major factor for the major share of the segment. Aluminum caps & closures provide safety to the beverages against the increasing counterfeiting issues for bottled water, spirits, premium olive oil, and others which supports the segment growth over the forecast period. The surge in beverage demand is anticipated to further drive the segment growth during the forecast period.

The rising demand for aluminum caps & closures to spur the Asia Pacific growth.

In 2018, Asia Pacific dominated the global aluminum caps & closures market. Improved economic conditions and growth of the beverages industry are major factors driving regional growth. The growing healthcare industry in the region, coupled with government regulations, is expected to enhance regional growth during the forecast period. A rise in per capita income & population increase and a positive economic outlook are other factors anticipated to support the regional growth over the forecast period. China and India are projected to be major contributors to Asia Pacific growth in years to come. Therefore, Asia Pacific is expected to show the highest CAGR and is anticipated to continue its dominance throughout the forecast period.

Key Industry Developments:

• In 2019, Amcor Plc launched the EASYPEEL capsule for the wine opening. The product above will make the wine opening much easier and preserve time-honored traditions.
   

List of Companies Covered:

• Federfin Tech S.R.L
• Alameda Packaging
• Crown Holdings
• Cap & Seal Pvt. Ltd.
• Amcor Plc
• Shangyu Sanyou Packaging Co. Ltd.
• Torrent Closures
• Guala Closures
• Dyzdn Metal Packaging
• J.G. Finneran Associates
• Silgan Holdings
   

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Product Type (2017–2027; US$ Bn)

• Roll-on pilfer-proof caps
• Easy-open can ends
• Non-refillable
• Others (peel-off foils, spout closures, and closure strips)
   

 End-use (2017–2027; US$ Bn)

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

 Geography (2017–2027; US$ Bn)

• North America (U.S., Canada)
• Europe (U.K., Germany, France, Spain, Italy, Rest of Europe)
• Asia Pacific (Japan, China, India, Rest of Asia Pacific)
• Rest of the World (Latin America, Middle East & Africa)
   

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better understanding of the overall aluminum caps & closures market. The global report also comprises a graphical representation of the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.