The global PP closure market size is projected to reach USD 14.6 billion in 2023. Between 2023 and 2033, global PP closure sales are likely to rise at 4.30% CAGR, taking the overall market valuation to USD 22.3 billion by 2033.
PP (polypropylene) closures are safe and secure packaging solutions commonly used for packaging and sealing different types of bottles, jars, tubes, and other containers and jars. These packaging solutions protect sensitive products from spoilage and extend their shelf life.
PP closures are gaining wider popularity due to their outstanding sealability, low cost, moisture resistance, durability, and recyclable nature. These closures have become a reliable means of sealing and protecting food products, pharmaceuticals, beverages, and cosmetics.
Rising usage of PP closures for packaging a wide range of products across sectors such as food & beverages, healthcare, chemicals, and personal care & cosmetics will boost the market.
The increasing demand for convenience & ease of use in packaging and the focus on sustainability and eco-friendliness in packaging material will influence growth in the market.
The global market will also be driven by technological advancements and innovations in closure designs and materials.
Widening applications of PP closures in the pharmaceutical sector is likely to create a plethora of opportunities for manufacturers. PP closures are used to seal containers for medicines and other healthcare products. They can effectively protect pharmaceutical formulations and extend their lifespan.
Factors Propelling Global PP Closure Demand:
Key Factors Restraining Market Expansion:
Emerging Opportunities that are Impacting the Market:
Key Trends Propelling PP Closure Market Forward:
Attributes | Key Insights |
---|---|
Estimated Global PP Closure Market Size (2023) | USD 14.6 billion |
Projected PP Closure Market Value (2033) | USD 22.3 billion |
Value CAGR (2023 to 2033) | 4.30% |
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From 2018 to 2022, global sales of PP Closure increased at a CAGR of about 2.5%, reaching a market size of USD 14 billion in 2022.
Looking forwards, the global market for PP closures is expected to witness a CAGR of 4.30% during the assessment period. According to Future Market Insights’ (FMI) latest report, total market value is expected to increase to around USD 22.3 billion by 2033.
Growth in the global market is driven by various factors. This includes the rising demand for packaged goods, especially in food and beverages sector, and the growing use of PP closures in other pharmaceutical and personal care sectors.
Automation is expected to enable manufacturers to produce PP closures more efficiently and cost-effectively, while also reducing waste and improving quality.
Similarly, digitalization is expected to become important in the PP closure quality. This could lead to the adoption of technologies such as artificial intelligence, robotics, and the IoT in the production process.
Demand is likely to remain high across Asia-Pacific nations including China & India due to the rapid urbanization, high demand for packaged goods, and increasing need for high-quality packaging solutions.
Focus on Diversifying PP Closure Products to Fuel Market Expansion in the United States
Country | United States |
---|---|
Market Size (USD billion) by End of Forecast Period (2033) | USD 3.9 billion |
CAGR from 2023 to the End of Forecast (2033) | 3.4% |
As per Future Market Insights (FMI), the United States PP closure market is set to thrive at 3.4% CAGR, reaching a valuation of USD 3.9 billion by 2033. Growth in the market is driven by rising demand for PP closures from food & beverage, cosmetic, and healthcare sectors and focus on product diversification.
The United States is indeed eager to diversify its PP (polypropylene) closure market for several reasons. One such reason is the extensive usage of PP closures in the packaging vertical, particularly in food and beverage sector.
The United States is one of the leading consumers of PP closures in the world. However, a reliance on a limited number of suppliers can create vulnerabilities in the supply chain, such as price volatility, quality issues, and disruptions in production.
To address these challenges, the United States is pursuing a range of strategies to diversify its PP closure market. One approach is to encourage domestic production, by providing tax incentives and other forms of support for manufacturers, and by promoting policies that incentivize companies to invest in the United States. This can help to create jobs and support local industries, while also reducing reliance on foreign suppliers.
Another strategy is to develop alternative sources of supply, such as by exploring new suppliers in other regions, or by developing new materials and technologies that can replace or supplement traditional PP closures.
For example, various companies are exploring the use of bioplastics or other sustainable materials as alternatives to PP closures. This can help to reduce environmental impact and increase sustainability, while also diversifying the market and reducing risk.
Diversifying the PP closure product lineup is seen as a key strategic priority for the United States, as it helps to reduce risk, promote sustainability, and support domestic sectors.
High Consumption of Packaged Food & Beverages Driving PP Closure Demand in the United Kingdom
Country | United Kingdom |
---|---|
Market Size (USD billion) by End of Forecast Period (2033) | USD 0.728 billion |
CAGR from 2023 to the End of Forecast (2033) | 3.9% |
The United Kingdom PP closure industry is anticipated to cross a valuation of USD 0.728 billion by 2033. From 2023 to 2033, PP closure demand in the country is projected to increase at 3.9% CAGR.
The United Kingdom is one of the prominent markets for PP closures in Europe and has a strong market base for the PP closure market.
Growth in the United Kingdom market is driven by several factors. This includes the increasing demand for packaged food and beverages, rise in e-commerce, and growing focus on sustainability.
The demand for packaged food and beverages in the United Kingdom is increasing due to factors such as changing lifestyles, urbanization, and rising disposable income. This is driving the demand for high-quality PP closures that are compatible with a variety of packaging formats and can ensure the safety and freshness of the products.
Rapid rise of e-commerce in the United Kingdom is also supporting the expansion of the PP closure industry. The growth of online shopping has increased the demand for secure and convenient packaging solutions. This in turn is driving demand for PP closures as they can seal products effectively and maintain their quality during transportation.
Availability of Customized PP Closures Boosting Growth in China
Country | China |
---|---|
Market Size (USD billion) by End of Forecast Period (2033) | USD 2.8 billion |
CAGR from 2023 to the End of Forecast (2033) | 5.7% |
The PP closure industry in China is expected to progress at a steady CAGR of 5.7% CAGR from 2023 to 2033. Total market valuation in China is likely to exceed USD 2.8 billion by the end of 2033.
Growth in China market is driven by several factors. This includes rapid expansion of food & beverage sector, technological advancements, and increasing demand for customized and value-added products.
With the growing demand for PP closures in China, manufacturers are expected to invest in research and development to introduce new and innovative products, further driving market growth.
Manufacturers in Japan Embracing Automation to Improve Productivity and Gain Profits
Country | Japan |
---|---|
Market Size (USD billion) by End of Forecast Period (2033) | USD 0.874 billion |
CAGR from 2023 to the End of Forecast (2033) | 2.6% |
Japan PP closure industry is projected to reach a valuation of USD 0.874 billion by 2033. Over the next ten years, PP closure sales in Japan market are likely to soar at 2.6% CAGR.
Increasing demand from food & beverage sector, growing trend of automation in the manufacturing sector, and the need for enhanced efficiency and productivity are key factors driving Japan market.
Manufacturers are increasingly using automated systems to produce PP closures, which helps to improve efficiency, reduce labor costs, and enhance productivity. Automation also allows manufacturers to produce high-quality products consistently, which is driving the demand for PP closures with advanced features and customization options.
Demand Remains High for Screw Closures in the Global Market
Based on closure type, the global market is segmented into screw closures, snap closures, and push-pull closures. Among these, demand is expected to remain high for screw closures. This is due to rising usage of these closures across a wide range of sectors.
According to Future Market Insights (FMI), the screw closures segment is anticipated to progress at a CAGR of 4.8% during the forecast period. It is likely to hold around 57% of the global market by 2033.
PP screw closures are widely used in a variety of sectors for their versatility, durability, and cost-effectiveness. They are particularly popular for use in the food and beverage sector, where they are used to seal containers for products such as sauces, condiments, and beverages.
The screw closure segment holds a key market share in the PP closure industry. These closures are compatible with a wide range of container sizes and shapes. They are also easy to use and can be quickly applied and removed, making them a popular choice for both consumers and manufacturers.
Manufacturers Prefer Injection Molding Technology for Producing PP Closures
As per Future Market Insights (FMI), inject molding is likely to remain a commonly opted PP closure manufacturing technology globally. The target is anticipated to thrive at 3.8% CAGR during the forecast period, accounting for a prominent market share of around 71% in 2033.Top of Form
Injection molding technology is becoming increasingly popular in the PP closure industry because it allows for the production of closures with high precision and consistency.
Injection molding machines can produce large quantities of closures quickly and efficiently, with minimal variation in size, shape, and quality. This makes injection molding an ideal choice for manufacturers that need to produce high volumes of closures with tight tolerances and consistent performance.
Food and Beverage Sector to Create Lucrative Opportunities for PP Closure Manufacturers
Based on end use, adoption of PP closures is expected to remain high in the food & beverage sector. This is due to various benefits that PP closures provide to food & beverage businesses.
PP closures are easy to use and provide a secure seal. They can be quickly applied and removed, making them a popular choice for both food manufacturers and consumers.
PP closures offer a tight seal that is resistant to leakage, ensuring that the product remains fresh and free from contamination. Adoption of these closures helps companies to protect their products from external factors and extend their shelf life.
Rising need for protective packaging solutions across the thriving food & beverage sector globally is expected to bolster PP closures sales during the next ten years.
Key manufacturers of PP (polypropylene) closure are adopting various strategies such as innovation, customization, quality control, sustainability, and customer service to differentiate themselves from their competitors and meet the changing needs of their customers.
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Developing Innovative Product:
Companies are investing in research and development to find new materials that can improve the performance of PP closures. For instance, they may explore the use of bioplastics or recycled plastics, which are more sustainable and eco-friendly.
Companies also look for new additives or modifiers that can enhance the properties of PP closures, such as UV stabilizers, anti-static agents, and anti-blocking agents.
Customization:
Leading PP closure companies can customize their products by offering a wide range of closure sizes and shapes. This allows customers to select closures that fit their specific packaging needs.
Companies offer closures in different diameters and heights to fit different types of bottles, jars, and containers. Several companies also offer closures with various neck finishes, such as screw-on, snap-on, or press-on, to match different types of packaging.
Sustainability:
Companies are creating more sustainable products by using recycled materials. They are using post-consumer recycled polypropylene (PCR-PP) to manufacture closures, which reduces the amount of plastic waste that goes to landfills. The use of recycled materials also conserves natural resources and reduces the carbon footprint of the product.
Strategic Expansion:
Several companies are expanding their product lines by introducing new closure designs that cater to specific market segments. They are conducting market research to identify the needs and preferences of different customer groups and developing closures that meet these requirements.
For instance, companies are developing closures with specific tamper-evidence features for the pharmaceutical industry or closures with improved pour spouts for the food and beverage industry.
Acquisition:
The companies in the PP closure industry can expand their product offerings through acquisitions. They are acquiring companies that specialize in the production of complementary closure products to solidify their position.
Key Players in the PP Closure Industry:
Key Developments:
Attribute | Details |
---|---|
Estimated Market Value (2023) | USD 14.6 billion |
Projected Market Value (2033) | USD 22.3 billion |
Anticipated Growth Rate (2023 to 2033) | 4.30% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD Million for Value |
Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Rest of Latin America, China, Japan, South Korea, India, ASEAN, Oceania, Rest of South Asia & Pacific, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Rest of Western Europe, Poland, Hungary, Romania, Czech Republic, Rest of Eastern Europe, Central Asia, Russia & Belarus, Balkan & Baltics, Saudi Arabia, United Arab Emirates, Turkiye, Northern Africa, South Africa, Israel, Rest of Middle East & Africa |
Key Segments Covered | Closure Type, Technology, End Use, and Region |
Key Companies Profiled | Robinson; Berry Global; Plastic Closures Ltd.; Weener Plastics; Amcor; Silgan Plastics; Comar; Rieke Packaging |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global PP closure market is valued at USD 14.6 billion in 2023.
The global PP closure market is projected to attain a value of USD 22.3 billion by 2033.
Global PP closure sales are anticipated to surge at a robust 4.30% CAGR through 2033.
The Asia Pacific region demonstrates substantial profit opportunities within the global PP closure market.
The screw closures segment is poised to dominate the market, holding a 57% global market share by 2033.
Estimated Size, 2025 | USD 45.9 billion |
---|---|
Projected Size, 2035 | USD 64.7 billion |
Value-based CAGR (2025 to 2035) | 3.5% |
Estimated Size, 2025 | USD 5.3 billion |
---|---|
Projected Size, 2035 | USD 9.0 billion |
Value-based CAGR (2025 to 2035) | 5.4% |
Market Size, 2024 | USD 21.8 billion |
---|---|
Market Size, 2034 | USD 28.4 billion |
Value CAGR (2024 to 2034) | 2.70% |
Estimated Market Value (2023) | USD 353.7 billion |
---|---|
Projected Market Size (2033) | USD 592.8 billion |
Value-based CAGR (2023 to 2033) | 5.3% |
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