Canada Plastic Caps and Closures Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.51 Billion |
| Market Size (2029) | USD 3.01 Billion |
| CAGR (2024 - 2029) | 3.62 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Plastic Caps and Closures Market Analysis
The Canada Plastic Caps And Closures Market size is estimated at USD 2.51 billion in 2024, and is expected to reach USD 3.01 billion by 2029, growing at a CAGR of 3.62% during the forecast period (2024-2029). In terms of shipment volume, the market is expected to grow from 59.09 billion units in 2024 to 72.27 billion units by 2029, at a CAGR of 4.11% during the forecast period (2024-2029).
Plastic caps and closures safeguard container contents. Crafted from robust polymers like polypropylene (PP) and polyethylene (PE), these closures are widely used in packaging food, beverages, pharmaceuticals, cosmetics, and household chemicals products.
- PP and PE are the primary raw materials for manufacturing caps and closures. Industries heavily favor plastic caps and closures for their cost-effective sealing solutions. Heat induction cap liners, compatible with various plastic bottles like PP, HDPE, and LDPE, not only prevent leaks but also offer tamper-evident features. These factors are poised to drive market growth in the coming years.
- The demand for packaged beverages and pharmaceuticals is on a steep incline. Consequently, the caps and closures market is set to witness a surge in demand. With consumers increasingly prioritizing health, the plastic caps and closures market, especially in the beverage sector, is experiencing a notable upswing.
- Many companies channel significant resources into R&D, resulting in a surge of novel and cost-effective products. Dispensing closures, such as push-pull sports caps and bulk waterspouts, are prevalent in beverages like sports drinks and bottled water. Beyond beverages, dispensing caps and closures find extensive use in sectors ranging from cosmetics and toiletries to household chemicals like detergents, cleaners, and polishes.
- Anticipated shifts in regulatory standards, driven by mounting environmental apprehensions, are poised to pose substantial challenges to the market. The government of Canada is actively addressing public concerns, particularly surrounding plastic packaging waste, by rolling out stringent regulations aimed at curbing environmental waste and enhancing waste management practices.
Canada Plastic Caps and Closures Market Trends
Polyethylene To Witness Growth Owing to its Durability
- Polyethylene (PE) is one of the most durable types of plastics available. It is resistant to chemicals and has a low cost. PE is derived from petroleum polymers and can withstand any environmental hazard. It is broadly classified into high-density polyethylene (HDPE) and low-density polyethylene (LDPE).
- HDPE caps and closures are used mainly in water, dairy, and juice bottles. Polyethylene has long been the preferred material for water bottle closures owing to its superior organoleptic properties (taste and smell). With its adaptability and durability, HDPE plastic, a thermoplastic polymer manufactured from petroleum, is one of the best plastic bottles for cosmetics.
- According to the Canada-based global firm Nova Chemicals, Polyethylene has been the top choice for water bottle closures for a considerable time due to its exceptional taste and odor properties. The company offers a range of polyethylene resins with the necessary performance properties for hot fill and carbonated soft drink (CSD) beverage closures.
- According to the USDA Foreign Agricultural Service, in the sales growth of beverages and soft drinks in Canada from 2018 to 2023, ready to-drink coffee took the top position with 113%, followed by ready-to-drink tea with 53%. Further, Energy drinks sales growth stood at 34%, taking third place. With the increasing consumer preference for bottled water and non-alcoholic beverages, the beverage industry is poised for growth, consequently driving up the demand for plastic caps and closures.
- Moreover, in November 2023, Dow Chemicals announced that its management had declared a Final Investment Decision on the Company's Fort Saskatchewan Path2Zero project investment to build one of the world's first net-zero Scope 1 and 2 emissions-integrated ethylene cracker and derivatives facility in Alberta, Canada. The USD 6.5 billion project includes building a new ethylene cracker and increasing polyethylene capacity by 2 million MTA. Such expansions would push the market for polyethylene packaging products in the country.
Beverage Segment to Witness Robust Growth
- Health awareness, a higher standard of living, and increased consumption of bottled water are key drivers behind the rising demand for bottled water packaging in the country. This surge in demand is directly fueling the need for plastic caps and closures.
- Consumers' growing preference for healthy, natural products is a primary factor propelling the demand for water bottles and containers. Given its prevalent use in water packaging, plastic is further bolstering the caps and closures market in the region. A study by Danamark reveals that, on average, Canadians consume 335 liters of water daily, equivalent to about 670 standard 500 ml water bottles.
- Soft drinks, also known as soda or carbonated beverages, are part of the non-alcoholic beverage industry. They contain water, sugar, artificial sweeteners, and a flavoring agent. Due to their popularity, the demand for beverage caps and closures will increase. According to StatCan, the revenue of soft drink and ice manufacturing in Canada in 2020 was USD 3,356.31 million, and it is expected to reach USD 3,581.29 million in 2023.
- Further, according to Statistics Canada, total spirit sales rose 3.0% to USD 6.9 billion in 2022/2023. Whisky (29.4%), vodka (23.0%), and liqueurs (15.2%) were the most popular spirits sold. The increased sale of spirits would further drive the market for caps and closures in the region.
- A diverse consumer base, spanning athletes, fitness buffs, and on-the-go professionals, favors energy drinks, juices, and powdered beverages. These beverages, housed in innovatively designed HDPE and PET bottles, prioritize aesthetics and boast extended shelf lives, aligning with the growing emphasis on sustainability. Whether it's a pre-workout boost, a midday pick-me-up, or a fatigue-fighter during outdoor pursuits, energy drinks deliver a swift energy surge, enhancing performance for their consumers.
Canada Plastic Caps and Closures Industry Overview
The Canada Plastic Caps and Closures market is fragmented, with many domestic and major players, such as Amcor Plc, Berry Global, Inc, Pano Cap Canada Ltd., TricorBraun Canada, Silgan Holdings, Inc., and more. Companies operating in the region are focused on expanding their business through innovations, collaborations, acquisitions, mergers, etc.
- April 2024 - Berry Global Group, Inc. has acquired F&S Tool, a company specializing in high-output, high-efficiency hot runner injection and high-volume compression molding applications. Based in Erie, Pennsylvania, F&S Tool operates from a 90,000-square-foot facility. With this move, Berry bolsters its global tooling capabilities and gains access to F&S Tool's proprietary technologies, particularly in the closures and bottles segment, with a strategic focus on upscale, high-growth markets.
Canada Plastic Caps and Closures Market Leaders
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Berry Global, Inc.
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TricorBraun Canada
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Silgan Holdings, Inc.
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Amcor Plc
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Pano Cap Canada Ltd.
*Disclaimer: Major Players sorted in no particular order
Canada Plastic Caps and Closures Market News
- May 2024 - Origin Materials, based in North America including Canada, has unveiled a groundbreaking addition to its PET caps and closures lineup: the tethered PET cap. This innovation complements Origin's previously introduced PET closure, renowned globally as the lightest CSD (carbonated soft drink) cap, designed to fit the PCO 1881 neck finish.
- February 2024 - Avient Corporation, collaborating with Plastic Bank Recycling Corporation based in Vancouver, Canada, transforms ocean plastic into a cutting-edge Density Modified Polymer for high-end caps and closures. Avient, a leading provider of sustainable material solutions, proudly introduces its latest offering, Gravi-Tech REC GT5200-5089 C I natural. This innovative grade is crafted from up to 60% Social Plastic resin sourced from Plastic Bank, an organization dedicated to gathering and repurposing ocean-bound plastic. Notably, this new grade enhances design flexibility and streamlines production, outperforming traditional metal options in luxury packaging.
Canada Plastic Caps and Closures Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 High Consumption of Bottled Beverages To Push the Market Growth
5.2 Market Restraints
5.2.1 Stringent Regulations on Manufacturers Owing to Environmental Degradation
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
7.1 By Resin
7.1.1 Polyethylene (PE)
7.1.2 Polyethylene Terephthalate (PET)
7.1.3 Polypropylene (PP)
7.1.4 Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.)
7.2 By Product Type
7.2.1 Threaded - Screw Caps, Vacuum, etc.
7.2.2 Dispensing
7.2.3 Unthreaded - Overcaps, Lids, Aerosol-based Closures
7.2.4 Child-resistant
7.3 By End-User Industry
7.3.1 Food
7.3.2 Bevrage
7.3.2.1 Bottled Water
7.3.2.2 Carbonated Soft Drinks
7.3.2.3 Alcoholic Beverages
7.3.2.4 Juices & Energy Drinks
7.3.2.5 Others
7.3.3 Personal Care & Cosmetics
7.3.4 Household Chemicals
7.3.5 Other End-use Industries
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles*
8.1.1 Berry Global, Inc.
8.1.2 Bericap Inc.
8.1.3 TricorBraun Canada
8.1.4 Pano Cap Canada Ltd.
8.1.5 Amcor Plc
8.1.6 Silgan Holdings, Inc.
8.1.7 Polytainers Inc.
8.1.8 Phoenix Closures, Inc.
9. INVESTMENT ANALYSIS
10. FUTURE OUTLOOK OF THE MARKET
Canada Plastic Caps and Closures Industry Segmentation
The scope of the study characterizes the plastic caps and closures market based on the raw material of the product, including PP, PE, PET, and other raw materials used across various end-user industries such as Food, Pharmaceuticals, Beverage, Cosmetics and Toiletries and more across Canada only. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
Canada Plastic Caps and Closures Market is Segmented by Resin(Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), and Other Plastic Materials), by Product Type(Threaded, Dispensing, Unthreaded, Child-Resistant), by End-User Industry (Food, Beverage (Bottled Water, Carbonated Soft Drinks, Alcoholic Beverages, Juices & Energy Drinks, and Others), Personal Care and Cosmetics, Household Chemicals, and Other End-User Industries). The report offers market forecasts and size in volume (Units) and value (USD) for all the above segments.
| By Resin | |
| Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Other Plastic Materials (Polystyrene, PVC, Polycarbonate, etc.) |
| By Product Type | |
| Threaded - Screw Caps, Vacuum, etc. | |
| Dispensing | |
| Unthreaded - Overcaps, Lids, Aerosol-based Closures | |
| Child-resistant |
| By End-User Industry | |||||||
| Food | |||||||
| |||||||
| Personal Care & Cosmetics | |||||||
| Household Chemicals | |||||||
| Other End-use Industries |
Canada Plastic Caps and Closures Market Research FAQs
How big is the Canada Plastic Caps And Closures Market?
The Canada Plastic Caps And Closures Market size is expected to reach USD 2.51 billion in 2024 and grow at a CAGR of 3.62% to reach USD 3.01 billion by 2029.
What is the current Canada Plastic Caps And Closures Market size?
In 2024, the Canada Plastic Caps And Closures Market size is expected to reach USD 2.51 billion.
Who are the key players in Canada Plastic Caps And Closures Market?
Berry Global, Inc., TricorBraun Canada, Silgan Holdings, Inc., Amcor Plc and Pano Cap Canada Ltd. are the major companies operating in the Canada Plastic Caps And Closures Market.
What years does this Canada Plastic Caps And Closures Market cover, and what was the market size in 2023?
In 2023, the Canada Plastic Caps And Closures Market size was estimated at USD 2.42 billion. The report covers the Canada Plastic Caps And Closures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Plastic Caps And Closures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Plastic Caps and Closures Industry Report
Statistics for the 2024 Canada Plastic Caps And Closures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Plastic Caps And Closures analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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