Europe Metal Caps and Closures Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.5 Billion |
| Market Size (2029) | USD 7.79 Billion |
| CAGR (2024 - 2029) | 3.69 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Metal Caps and Closures Market Analysis
The Europe Metal Caps And Closures Market size is estimated at USD 6.5 billion in 2024, and is expected to reach USD 7.79 billion by 2029, growing at a CAGR of 3.69% during the forecast period (2024-2029).
- Metal closures are gaining traction over their plastic counterparts, primarily due to the higher recyclability of metal packaging. Aluminum and steel, the primary materials in metal packaging, stand out as top choices for caps and closures, benefiting from well-established recycling systems.
- Metal closures extend shelf-life and preserve taste, flavor, and texture, which are pivotal in packaging. Their leak-proof and contamination-resistant nature enhances visual appeal and aids in brand distinction and consumer convenience. Widely utilized in sectors spanning food, beverages, and pharmaceuticals, metal closures stand as a cornerstone of packaging solutions.
- Europe dominates the global market for food items like jams, jellies, purées, and marmalades, accounting for approximately 50% of the global imports. Additionally, the region's penchant for packed food, including jams and pickles, fuels the growth of the metal closures market.
- Furthermore, metal closures are widely used in the pharmaceutical industry and are prized for their robust barrier and insulating properties. These closures seal securely and allow for easy opening and effective resealing. With the increasing popularity of OTC drugs, particularly in syrup bottles, the demand for metal closures is on the rise in the region. As per the EFPIA 2023 report, Europe's pharmaceutical production value in 2022 was estimated at EUR 340 billion (approximately USD 358.3 billion), with the region's export value pegged at around EUR 670 billion (approximately USD 706 billion).
- The European primary aluminum industry is reeling from surging energy prices, driven by a confluence of factors: heightened demand, steep natural gas costs, and a dearth of affordable renewable (wind, solar, and hydro) or nuclear energy sources.
- Compounding these challenges, the conflict in Ukraine has severely disrupted supply chains, especially for natural gas, exacerbating the energy crisis. Consequently, energy-intensive sectors, such as aluminum, are either shuttering or halting operations in Europe. As leading aluminum smelters in Europe scale back production in response to escalating energy expenses, the regional market for metal caps and closures faces a looming downturn.
Europe Metal Caps and Closures Market Trends
The Beverage Industry is Expected to Adopt Metal Closures Significantly
- The beverage industry significantly drives the metal closures market. Metal closures, including crown caps, aluminum screw caps, and twist/lug closures, are pivotal in beverage packaging. These closures find applications in a range of beverages, from carbonated soft drinks and energy drinks to alcoholic beverages.
- In Europe, the demand for beverage caps and closures is on the rise, propelled by the continent's extensive consumption of both alcoholic and non-alcoholic beverages. According to the Brewers of Europe 2023 report, in 2022, Europe produced a staggering 401,945 thousand hectoliters of beer, underscoring the region's robust beverage industry. This surge in beverage production is directly fueling the need for metal closures in the European market.
- Metal caps and closures are gaining traction in wine bottle packaging, lauded for their prowess in maintaining wine quality and freshness. Aluminum screw closures, a contemporary choice, excel in safeguarding the distinct taste and aroma of wines. By staving off oxidation, these closures create an ideal environment for wine maturation, guaranteeing its enduring quality.
- European expansion is a key strategy for global packaging manufacturers, who are increasingly turning to mergers and acquisitions to tap into the region's burgeoning market. For instance, Panvetri, a family-owned business that offers glass and metal packaging for the wine and olive oil industries, was acquired by Berlin Packaging, a leading hybrid packaging supplier. Panvetri also provides beer, spirits, and sparkling wine bottles, olive oil cans, food jars, and closures. Berlin Packaging's extensive local presence and experienced sales team can support Panvetri in broadening its range of products.
The United Kingdom is Expected to Hold a Significant Share in the Market
- The United Kingdom is poised to claim a substantial share in the metal caps and closures market, driven by key players like Guala Closures SpA, Pelliconi & Co. SpA, and Silgan Closures. Metal closures are predominantly favored in the beverage sector, prized for their recyclability, durability, and adeptness at providing leak-proof and contamination-resistant seals. Notably, beer emerges as the frontrunner for embracing metal closures in the beverage industry.
- Furthermore, the rising consumption of both alcoholic and non-alcoholic beverages in the United Kingdom has notably surged, directly bolstering the market for metal caps and closures. Data from the Office for National Statistics in the United Kingdom highlights a substantial uptick in consumer spending on food and non-alcoholic beverages in recent years.
- Recycling and sustainability concerns are also driving the growth of the UK metal caps and closures market. Metal sustainability is primarily driven by recycling, saving up to 95% of the raw material and energy needed to make raw materials.
- In 2023, the United Kingdom achieved a notable milestone, with its aluminum packaging recycling rate hitting 68%, as reported by the Environment Agency through the National Packaging Waste Database. Throughout the year, the nation recycled 162,357 tonnes of aluminum packaging, notably led by beverage cans, with an impressive 81% recycling rate. Furthermore, the annual data highlights a significant uptick in the UK's domestic demand for aluminum packaging.
- Furthermore, many companies in the alcohol sector are introducing drinks and seizing the growing market. For instance, Lockdown Liquor & Co. introduced its premium canned cocktails with a new range called Easy Liquor. The line-up includes a Margarita, a Rum Punch, a Ginger Cosmo, and an Espresso Martini. The growing introduction of new canned beverages creates demand for metal caps and closures.
Europe Metal Caps and Closures Industry Overview
The European metal caps and closures market is highly competitive due to the presence of several domestic and global manufacturers. Some of the key players in this market are Guala Closures SpA, Berlin Packaging, Pelliconi & C. SpA, C.L. Smith Co. (Novvia Group), and Silgan Closures (Silgan Holdings Inc.). Intense competition prevails in the market regarding product differentiation, portfolio, and pricing. The rising demand for value-added closures and tamper resistance properties will augment the usage of metal caps and closures in various segments.
- June 2023: Aludium, a European supplier of aluminum, collaborated with Amcor Capsules, a manufacturer of wine and spirits closures, to create an aluminum product with a low carbon footprint for screw caps. This product has been certified and verified independently and is predicted to have a minimum of 50% less carbon footprint than the average primary aluminum materials sold and used in Europe.
Europe Metal Caps and Closures Market Leaders
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O.Berk Company
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Guala Closures SpA
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Pelliconi & C. SpA
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C.L. Smith Co. (Novvia Group)
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Technocap SpA
*Disclaimer: Major Players sorted in no particular order
Europe Metal Caps and Closures Market News
- May 2024: Amcor Capsules, a leader in closures, elevated its commitment to sustainability by incorporating over 90% recycled tin into its premium tin capsules and sparkling foils. The company has set up innovative sourcing channels, tapping into recycled tin from diverse sources like car radiators, batteries, ship propellers, and even bronze scraps from ornaments and statues. Highlighting their dedication to the environment, Amcor emphasizes that its tin products are not only recyclable but have also been endorsed by the independent third party, Institute Cyclos-HTP, certifying a remarkable 99% recyclability rate for their tin capsules.
- July 2023: Coropoulis Packaging SA, a renowned packaging supplier of closures, corks, and glass containers, was acquired by Berlin Packaging, a leading Hybrid Packaging Supplier. Established in 1893, the Athens-based company thoroughly understands the local market and offers packaging solutions to various industries such as wine, spirits, food, beverages, pharmaceuticals, and cosmetics. Coropoulis Packaging specializes in closures, corks, and glass packaging and provides technical support, bottling, and capping machinery services.
Europe Metal 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 Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Cosmetics and Personal Care Industry
5.1.2 Superior Properties Compared to Other Closure Materials
5.2 Market Restraints
5.2.1 Competition from Alternative Caps and Closures Solution
5.2.2 High Initial Setup Cost and Manufacturing Constraints
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Aluminum
6.1.2 Steel
6.2 By Closures Type
6.2.1 Crown Caps
6.2.2 Screw Caps
6.2.3 Twist Metal Caps
6.2.4 Other Closure Type
6.3 By End-user Industry
6.3.1 Food
6.3.2 Beverages
6.3.2.1 Alcoholic
6.3.2.2 Non-alcoholic
6.3.3 Pharmaceuticals
6.3.4 Personal Care
6.3.5 Other End-user Industries
6.4 By Country
6.4.1 United Kingdom
6.4.2 Germany
6.4.3 France
6.4.4 Italy
6.4.5 Spain
7. Competitive Landscape
7.1 Company Profiles
7.1.1 O.Berk Company
7.1.2 Guala Closures SpA
7.1.3 Pelliconi & C. SpA
7.1.4 C.L. Smith Co. (Novvia Group)
7.1.5 Technocap SpA
7.1.6 Can-Pack SA
7.1.7 Amcor PLC
7.1.8 P. Wilkinson Containers Ltd
7.1.9 Silgan Closures (Silgan Holdings Inc.)
7.1.10 ACTEGA (A member of ALTANA)
7.1.11 Berlin Packaging
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
10. ABOUT US
Europe Metal Caps and Closures Industry Segmentation
Caps and closures made from metals like aluminum and steel are crucial in sealing containers like bottles, jars, and tubes. These protective components ensure the products' safety, integrity, and longevity by providing a strong barrier that prevents contamination, spoilage, and leakage.
The Europe metal caps and closures market is segmented by material type (aluminum and steel), closure type (crown caps, screw caps, twist metal caps, and other closure types (easy open ends and ROPP metal caps)), end-user industry (food, beverages (alcoholic and non-alcoholic), pharmaceuticals, personal care, and other end-user industries) and country (United Kingdom, Germany, France, Italy, Spain, and Rest of Europe). The report offers market forecasts and size in value (USD) for all the above segments.
| By Material Type | |
| Aluminum | |
| Steel |
| By Closures Type | |
| Crown Caps | |
| Screw Caps | |
| Twist Metal Caps | |
| Other Closure Type |
| By End-user Industry | ||||
| Food | ||||
| ||||
| Pharmaceuticals | ||||
| Personal Care | ||||
| Other End-user Industries |
| By Country | |
| United Kingdom | |
| Germany | |
| France | |
| Italy | |
| Spain |
Europe Metal Caps and Closures Market Research FAQs
How big is the Europe Metal Caps And Closures Market?
The Europe Metal Caps And Closures Market size is expected to reach USD 6.5 billion in 2024 and grow at a CAGR of 3.69% to reach USD 7.79 billion by 2029.
What is the current Europe Metal Caps And Closures Market size?
In 2024, the Europe Metal Caps And Closures Market size is expected to reach USD 6.5 billion.
Who are the key players in Europe Metal Caps And Closures Market?
O.Berk Company, Guala Closures SpA, Pelliconi & C. SpA, C.L. Smith Co. (Novvia Group) and Technocap SpA are the major companies operating in the Europe Metal Caps And Closures Market.
What years does this Europe Metal Caps And Closures Market cover, and what was the market size in 2023?
In 2023, the Europe Metal Caps And Closures Market size was estimated at USD 6.26 billion. The report covers the Europe Metal Caps And Closures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Metal Caps And Closures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Metal Caps and Closures Industry Report
Statistics for the 2024 Europe Metal Caps And Closures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Metal 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.
