As per the research conducted by Future Market Insights, during the forecast period, the gable top caps and closures market is set to gain a valuation of US$ 112.4 million in 2023 and is going to further expand at a CAGR of 4.9% to reach the valuation of US$ 181.4 million by the year 2033. The sales of gable top caps and closures are anticipated to increase with the top 3 countries projected to hold approximately 35-40% of the market by the end of 2023.
The demand for packaging that is easy to open, close, and store has increased, which has led to a growing use of gable containers which directly affect the demand for gable top caps and closures. The screw caps segment is projected to hold nearly 66% of the market value share by the end of 2033.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 112.4 million |
| Market Size 2033 | US$ 181.4 million |
| Value CAGR (2023 to 2033) | 4.9% |
| Collective Value Share: Top 5 Companies (2022A) | 20 to 25% |
With the surge in demand for easy-to-use and easy-to-carry rigid packaging solution among the beverage brands drive the demand for gable top and closures. The global gable top caps and closures market is estimated to reach US$ 181.4 million by 2033, increasing at a CAGR of 4.9% throughout the forecast period.
The gable top caps and closures market is expected to experience a lucrative growth outlook during the forecast period. A new estimation predicts that gable top caps and closures sales will rise during 2023 to 2033 and is projected to generate an attractive incremental growth opportunity of US$ 73.9 million.
With the rising adoption of attractive packaging by ready-to-drink beverage brand owners, the gable top caps and closures market is anticipated to grow 1.7 times the current market value during the forecast period.
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The global gable top caps and closures market registered a CAGR of 4.5% during the historic period with a market value of US$ 107.5 million in 2022.
Gable top caps and closures provide a convenient way to package and store food and beverage products, making them easy to transport and dispense. Gable containers helps to preserve the freshness and quality of food and beverage products, reducing the risk of contamination and spoilage. This fuel the demand for gable top caps and closures. Also they are made up of renewable and recyclable materials, making them an environmentally-friendly alternative to traditional packaging materials. It allows custom designs and logos, allowing beverage brands to create a unique and recognizable brand identity which makes them popular choice among end-use industries.
Without proper sealing, the contents can become exposed to air, leading to spoilage and loss of freshness. Gable top caps and closures provide a secure seal, reducing the risk of spillage during transportation and storage. Proper sealing helps to extend the shelf life of the contents to avoid the content from getting deteriorated more quickly, leading to low profitability. Gable top caps and closures enhance the overall appearance of packaging, making it look more attractive and appealing. This factors shifted the focus of many companies to adopt the gable containers which propel the sales of gable top caps and closures.
With growing concern about food safety, gable top caps and closures provide a safe and hygienic option for packaging liquids, as they prevent contamination from outside sources. Gable top caps and closures give food and beverages a longer shelf life, keeps their texture, flavor, and test good for longer period of time. Gable top caps and closures allow companies to extend their products shelf life and do excellent brand promotion. It's cost-effective way to serving products with better shelf life, and promote the brand together. These lucrative benefits attract many end-use brands to shift over consumption of gable containers along with gable top caps and closures as compare to any other alternatives.
The gable top caps and closures provide the ease of staking the gable container to mix the content well which helps retail stores to stack the products more efficiently. It also provide large surface than any other liquid packaging which help companies to create an aesthetic and attractive brand appeal for attracting customers. The increasing demand for packaging solutions in the liquid food industry like fruit juice, non-alcoholic drinks, milk, and others in developing countries like India, China, Brazil, etc. drives the growth of the market.
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The polyethylene (PE) is a relatively inexpensive material as compared to other alternatives, making it accessible for large-scale production of gable top caps and closures. The benefits offered by PE material such as strong, flexible, and resistant to damage makes it ideal for packaging applications that may encounter rough handling during transport. It is resistance to moisture, which is important in food packaging as it helps to maintain product freshness and extend shelf life. The target segment is anticipated to hold nearly 48% of the market value share by the end of 2023.
The Screw caps have become increasingly popular in recent years as screw caps are easy to open and close. The screw caps segment is projected to grow 1.5 times the current market value during 2023 to 2033.
Also screw caps are relatively inexpensive to produce as compare to other alternatives which makes them cost-effective option for manufacturers. The screw caps can be easily customized in terms of size, color and materials to meet specific packaging need. The screw thread ensures a secure and leak-proof seal, keeping the contents of the container safe and secure.
These are the major factors supporting the growth in production of gable top caps and closures market.
The beverage segment is projected to generate hefty demand for gable top caps and closures market. The surge in adoption of convenient rigid packaging container by various ready-to-drink beverage brands supplement the sale of gable top caps and closures. Also, the development of various new flavors of drinks bolster the sales of gable top containers which has positive impact on the gable top caps and closures market. The beverage segment is anticipated to register a CAGR of 5.5% during the forecast period.
| Country | USA |
|---|---|
| Market Share (2023) | 15.4% |
| Market Share (2033) | 13.2% |
| BPS Analysis | -220 |
| Country | China |
|---|---|
| Market Share (2023) | 13.0% |
| Market Share (2033) | 14.4% |
| BPS Analysis | 140 |
| Country | India |
|---|---|
| Market Share (2023) | 9.5% |
| Market Share (2033) | 10.7% |
| BPS Analysis | 120 |
| Country | Germany |
|---|---|
| Market Share (2023) | 4.1% |
| Market Share (2033) | 5.8% |
| BPS Analysis | 170 |
| Country | Canada |
|---|---|
| Market Share (2023) | 3.6% |
| Market Share (2033) | 5.2% |
| BPS Analysis | 160 |
The milk brands offer milk in gable top containers which is easy to use, store, and transport. The increased production of milk in India augment the sales of gable top containers which ultimately boost the sales of gable top caps and closures. According to the Food and Agriculture Organization of United Nation, India is world’s largest milk producer with the 22 percent of global production followed by different countries like America, China, and Brazil. In last three decades world milk production has increased by 59 percent which is indicating how production of milk is growing day by day. The Indian gable top caps and closures market is projected to register a CAGR of 5.8% during 2023–2033.
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The companies operating in the gable top caps and closures market are progressing towards new environmental-friendly ideas for manufacturing and reducing the harmful plastic material considering growing concerns regarding environment and receiving recognition for prestigious organization.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.9% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2017 to 2023 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material, Product Type, Distribution Channel, End Use |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan Countries; Baltic Countries; Middle East & Africa |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia & New Zealand, South Africa |
| Key Companies Profiled | Tetra Pak; United Caps; Silgan Closure; Closure Systems International; Berry Global Group; Aptar Group; Amcor plc; Bericap Holding GmbH; Nampak Ltd.; SIG Combibloc; Crown Holdings Inc.; Guala Closures S.p.A; Silgan Holdings Inc.; Nippon Closures Co., Ltd.; Mold-Rite Plastics, LLC; Pelliconi & C. Spa.; Weener Plastics; Blackhawk Molding Co. Inc.; C. L. Smith Company; Massilly Holding S.A.S; D PLAST a.s; Caps & Closures; AAPL Solutions |
| Customization & Pricing | Available upon Request |
In 2022, the market size of the gable top cap & closures market was US$ 107.5 million.
The gable top caps & closures market is anticipated to reach US$ 112.4 million in 2023.
The gable top caps & closures market valuation is expected to reach US$ 181.4 million in 2033.
The gable top caps & closures market exhibited 3.0% of CAGR over the last 4 years.
The projected CAGR for the gable top caps & closures market from 2023 to 2033 is 4.9%.
The Polyethylene (PE) segment is expected to garner a significant value share by 2023 in gable top caps & closure market.
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