Metal Closures Market Report – Key Trends & Forecast 2024-2034

Metal Closures Market Assessment

The metal closures market is set to experience a stable rise in the years to come, with a projected CAGR of 2.70% during the forecast. By 2034, this market is expected to reach an astounding value of USD 28.4 billion, representing a remarkable surge from its present valuation of USD 21.8 billion in 2024.

Attributes	Details
Market Size, 2024	USD 21.8 billion
Market Size, 2034	USD 28.4 billion
Value CAGR (2024 to 2034)	2.70%

Investment Opportunities for Key Players

• Manufacturers can gain maximum market potential during the forecast period by innovating product lines. Sectors such as food and beverages, pharmaceuticals, and others are expanding and providing innovative products with attractive packaging such as aesthetic appeal. As a result, the metal closure, considered a key component in the sector packaging needs innovation and change to remain competitive.
• Manufacturers are anticipated to make their strong market position by offering eco-friendly solutions in the current period. Also, manufacturers can use recycled material for their products which is cost-effective and helps optimize the production process to reduce energy consumption and waste. Also, by offering this product, manufacturers can attract environmentally conscious consumers and create a strong brand identity in the current sustainability trend.

Drivers

• Increasing demand for metal closures in the food and beverages industries enhances requirements for secure packaging solutions driving the market's growth.
• The global initiatives toward sustainable packaging methods align with metal closures, which are recyclable and environmentally benign.
• Advancement in technology is beneficial for manufacturers to invest and produce new designs, materials, and production techniques for closures to improve convenience and functionality anticipated to account for the market's growth.

Some Challenges for the Industry

• Metal closures can be more expensive than alternatives like plastic or cork. This cost factor may limit adoption, especially for smaller businesses.
• The surging popularity of the alternatives is anticipated to hamper the market growth of VCI shrink films. Plastic closures offer cost-effectiveness and lightweight properties. The metal caps and closures market faces competition from plastic alternatives.
• Compliance with safety and quality standards can be complex, impacting manufacturers’ ability to introduce new products.

Category Wise Insights

The Screw Segment is dominating the Market by Product Type

Attributes	Details
Product Type	Screw
Market share in 2024	61.9%

Screw caps are easy to open and close, making them ideal for products that require frequent use, such as beverages, cosmetics, and pharmaceuticals. They are also customizable, allowing manufacturers to create unique designs that stand out on store shelves and appeal to consumers.

The Aluminium Segment is dominating the Market by Material

Attributes	Details
Material	Aluminium
Market Share in 2024	71.4%

Aluminum is a lightweight, corrosion-resistant, and recyclable metal, making it an ideal material for manufacturing metal closures. It can also be easily formed into different shapes and sizes, allowing for a wide range of closure designs.

Country wise insights

Countries	CAGR through 2024 to 2034
United States	1.4%
China	4.3%
Germany	1.0%
Japan	1.5%
India	5.6%

The Surge in Beverage Consumption, Including Carbonated Soft Drinks, Alcoholic Beverages, and Bottled Water, Has Led to a Heightened Demand for Metal Closures in the United States

The CAGR of the market for the forecast period in the United States is anticipated to be 1.4%. Carbonated soft drinks, alcoholic beverages, and bottled water production and consumption have all increased significantly in recent years in the United States.

Producers utilize packaging such as metal closures to preserve the taste and components of these beverages. Thus, growing beverage consumption and the development of novel beverage varieties will dramatically raise demand for package closures across the country in the coming years.

The Growing Food and Beverages Industry in China is Driving Demand for Metal Closures, Particularly for Premium Products

The market is expected to register a CAGR of 4.3% in China through 2034. Having enlarged food and beverages industry is anticipated to amplify the demand for metal closures in the country in the coming years.

The demand for premium products such as condiments, sauces, and beverages is expected to gain maximum market share during the forecast period. Metal closures are considered a key component for the packaging process of this item in the region.

Metal Closures in Germany are On the Rise Due to Robust Manufacturing Sectors Seeking High-Quality Packaging Solutions

The market is expected to progress at a CAGR of 1.0% in Germany for the forecast period. Metal closures are gaining popularity in Germany due to robust manufacturing sectors such as automotive, food and beverage, pharmaceutical, and others.

These sectors are increasingly seeking out high-quality metal closures in the country for packaging purposes. Furthermore, sustainability and eco-friendly initiatives are contributing to the metal closures market growth in the region. Metal closures tick all the boxes with reliability and offering a more eco-friendly alternative to single-use plastic.

Japan’s Manufacturers, Driven by Technological Advancement, Prioritize Product Innovation and Automation to Boost Performance

The market is expected to progress at a CAGR of 1.5% in Japan throughout the forecast period. Japan stands out as a technologically advanced nation.

The manufacturers in Japan are continuously focusing on product innovation and automation to enhance product performance in the region. Moreover, the need for healthcare products and pharmaceuticals has seen an increase in the country due to the aging population in recent years.

The Surging Demand for Alcoholic Beverages in India has Led to Increased Exports and A 23.8% Rise in Production

The market is expected to progress at a CAGR of 5.6% in India. The demand for alcoholic beverages is seen as increasing rapidly in the country. During the year, the whole country exported around 197,868.34 MT of alcoholic goods worldwide.

According to the Ministry of Food Processing Industries, the production of alcoholic drinks has risen by 23.8%. Metal closures are typically selected for alcohol bottles since they are held for a longer period of time, and metal closures require that the goods remain consistent as the environment changes.

Competitive Landscape

The global metal closures market is extremely competitive due to the large number of industry competitors. To capitalize on and enhance their revenue share, top market players use methods such as new product launches, R&D investments, facility expansions, mergers, partnerships, acquisitions, and collaborations.

Company Portfolio

Crown Holdings Inc.

Crown Holdings Inc. is a leading manufacturer of metal closures for a wide range of products, including food, beverage, and health and beauty products. With over 125 years of experience in the packaging industry, Crown Holdings has established itself as a trusted and reliable supplier of high-quality metal closures.

The company's metal closures are designed to provide optimal performance, ensuring the freshness and safety of the products they seal. Crown Holdings offers a broad range of metal closures, including twist-off caps, lug caps, and continuous thread caps, among others. These closures are manufactured using advanced technology and high-quality materials, making them durable, reliable, and easy to use.

Recent Development

• In 2021, ALTANA has recently completed the acquisition of Henkel's closure material business. As part of this acquisition, the business will now be integrated into the ACTEGA division under the metal packaging solutions business line. This move will allow the ALTANA Group to expand its product portfolio and strengthen its position as a leading provider of closure materials in the global market. With this acquisition, the company aims to continue providing high-quality and innovative solutions to its customers while also driving growth and profitability in the industry.
• In 2023, Eviosys has recently introduced a new metal closure called 'Horizon' that allows brands to adopt mono-material packaging. This innovative metal closure is designed to help businesses reduce their environmental impact by increasing the recyclability of their packaging. It is a significant step towards sustainable packaging solutions and is expected to revolutionize the packaging industry. The Horizon closure is easy to use, cost-effective, and offers superior product protection. With this new development, Eviosys aims to promote a circular economy and help businesses meet their sustainability goals.

Key Coverage in the Metal Closures Market

• Metal Closures and Containers Market Report
• Closures Industry Sales Analysis
• Metal and Plastic Closures Market Assessment
• Metal Caps and Closures Industry Overview
• Closures Pricing Outlook

Global Metal Closures Market Report Scope

Attribute	Details
Estimated Market Size (2024)	USD 21.8 billion
Projected Market Size (2034)	USD 28.4 billion
Anticipated Growth Rate (2024 to 2034)	2.70%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	USD million or billion for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Grade and By application
Key Companies Profiled	Crown Holdings Inc.; Silgan Holdings Inc.; Guala Closures Group; Amcor Limited; Berry Global Inc.; AptarGroup Inc.; Closure Systems International Inc.; Nippon Closures Co. Ltd.; Tecnocap Group; Pelliconi & C. SpA
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type
  • 5.1. Aluminum
  • 5.2. Tin
  • 5.3. Stainless Steel
  • 5.4. Copper
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Production Process
  • 6.1. Injection Moulding
  • 6.2. Compression Moulding
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
  • 7.1. Food & Beverages
  • 7.2. Consumer Goods
  • 7.3. Personal Care & Cosmetics
  • 7.4. Homecare
  • 7.5. Pharmaceuticals
  • 7.6. Others
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Crown Holdings Inc
  • 18.2. Amcor Plc
  • 18.3. Oberk
  • 18.4. Tri-Sure Packaging
  • 18.5. Silgan Containers LLC
  • 18.6. Actega
  • 18.7. P. Wilkinson Containers Ltd.
  • 18.8. Metal Closures Pvt. Ltd
  • 18.9. Kotopack
  • 18.10. Canpack
  • 18.11. Roberts Metal Packaging
  • 18.12. SACMI
  • 18.13. Viscose Closures Ltd.
  • 18.14. Hercules Sdn Bhd
  • 18.15. Peliconi & C
  • 18.16. SKS Bottle & Packaging Inc.
  • 18.17. Closure Systems International
  • 18.18. Guala Closure Group
  • 18.19. Nippon Closures Co. Ltd
  • 18.20. Burch Bottle & Packaging, Inc
• 19. Assumptions & Acronyms Used
• 20. Research Methodology