Aluminium Caps and Closures Market - Growth, Trends, and Forecast (2020 - 2025)

Aluminium Caps and Closures Market - Growth, Trends, and Forecast (2020 - 2025)

  • March 2020 •
  • 281 pages •
  • Report ID: 5881471 •
  • Format: PDF
The Aluminium Caps and Closures market was valued at USD 11.1 billion in 2019, and is expected to reach USD 14.1 billion by 2025, registering a CAGR of 3.97% during the period of 2020-2025. Aluminium’s ability to form any shape and its protective qualities have made it one of the most versatile packaging material globally.

- Moreover, the increasing demand for packaged products is anticipated to augment the steady momentum of the aluminium caps and closures market globally.
- Further, the usage of aluminium closure in the wine industry is becoming predominant as the aluminium screw cap provides better insulation to the wine from oxygen, and aluminium caps have cost benefit as compared to cork.
- Many industries such as cosmetic and chemical are expected to increase the adoption of aluminium packaging owing to it’s light weight, strong, durable and significant barrier property.

Key Market Trends
Pharmaceutical Sector is Expected to Witness the Highest Growth Rate

- Pharmaceutical and Healthcare industry is expected to have persistently sturdy growth rate, with increasing demand in several regions like North America and Europe owing to stringent regulatory environment in the region. Anti-counterfeit and tamper proof packaging innovations are expected to drive the demand for aluminium caps and closures in the market.
- The adaptation of aluminium closures in the pharmaceutical industry is on the rise as its rubber counterparts tend to contaminate the drugs. Moreover, aluminium closures create a highly effective barrier without affecting the product’s taste and smell.
- For instance, in Jan 2018, Maty’s pharmaceutical packaging replaced their box syrup (liquid dose) with PET containers and distinguishes their cough syrups of a plastic cap with metal aluminum cap.
- Growing demand for sustainable and eco-friendly packaging in several retail markets, especially in North America and Europe, several vendors are increasingly investing aluminium packaging products. In case of food and beverage manufacturers, it is observed that comapnies are making use of eco-friendly packaging as a key marketing strategy, ccreating considerable opportunities to aluminium packaging components in the sector.

North America is Expected to Hold Major Share

- The North American region is expected to have a significant market share which is home to many companies such as Reynold Group Holding Limited, Silgan Holding, the Cary company, O berk company, Crown Holding, among others.
- Moreover, the Food and Beverage industry is one of the major consumers of the aluminium caps and closures market in the region. Aluminium caps or closures are also used for the storage of food products, such as grains, typically stored in glass containers.
- 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.
- However, the Asia-Pacific region which consists of countries such as China, India, Japan, South Korea, Australia, Singapore, Indonesia , Malaysia, among other countries is expected to be fastest growing market.

Competitive Landscape
The aluminium caps and closures market is highly fragmented and competitive due to the presence of international vendors. Some of the key players of this market are Pelliconi & C. SpA, O.Berk Company, Reynolds Packaging Group Ltd amongst others. Intense competition prevails in the market in terms of product differentiation, portfolio, and pricing.

- In 2019, Amcor launched Easypeel capsule that uses a one-piece aluminum capsule which is engineered to open wine bottles along a clean line. Unlike other technologies that rely on pull tabs, EASYPEEL allows consumers and professionals to use traditional bottle openers.
- In May 2019, Guala Closures won Alufoil Trophy 2019 for its e-WAK technology, the e-WAK from Guala Closures is the first NFC aluminium closure. The e-WAK is a new smart technology that allows every bottle of wine to become a connected bottle.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.