Canada Plastic Caps And Closures Market Size (2024 - 2029)

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 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.