North America Metal Caps And Closures Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.29 Billion |
| Market Size (2029) | USD 7.46 Billion |
| CAGR (2024 - 2029) | 3.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Metal Caps And Closures Market Analysis
The North America Metal Caps And Closures Market size is estimated at USD 6.29 billion in 2024, and is expected to reach USD 7.46 billion by 2029, growing at a CAGR of 3.81% during the forecast period (2024-2029).
- The region's increasing focus on eco-friendly products has propelled the uptake of metal caps and closures. While plastic caps present a formidable challenge to their metal counterparts, heightened environmental worries over improper plastic disposal are amplifying the risks associated with plastic caps. Consequently, this dynamic is opening up avenues for metal caps and closures. Notably, a growing number of companies have begun the transition from plastic to metal caps and closures in response to these trends.
- The food industry, commanding a significant share in the metal caps and closures market, is experiencing surging demand, bolstered by its classification as an essential commodity. This heightened demand is notably evident in packaged food items, as well as in the consumption of meat, vegetables, and fruits. Additionally, the appetite for packaged beverages and pharmaceuticals is steadily rising. Consequently, the regional market for metal caps and closures is poised for a notable uptick in demand in the coming years.
- The packaging industry faces heightened demands beyond the traditional need for leak prevention, easy closure, and enhanced barrier properties. Innovation has emerged as the industry's cornerstone, adapting to the ever-changing needs of consumers and society—notably, advancements in metal caps and closures primarily target material, weight, eco-friendliness, and cost-efficiency.
- The pharmaceuticals industry is poised to drive the demand for tamper-evident caps and closures, valued for their child-resistant and contamination-free packaging features. Companies seek products that extend shelf life. As more manufacturers ship products, robust packaging is essential to withstand transportation and diverse environmental conditions.
- Moreover, the expanding use of caps and closures in cosmetics and home care products is set to bolster market growth. Additionally, the increasing demand for childcare products is expected to boost the market further.
North America Metal Caps And Closures Market Trends
The Beverage Segment is Expected to Account for a Significant Market Share
- The metal caps and closures market is expected to grow in the region due to the rise in alcoholic and non-alcoholic beverage consumption and the increasing demand from the beverage packaging industry.
- North America is anticipated to continue as the consumer beverage packaging industry with significant growth and profit margins. This is primarily due to the region's strong demand for consumer drinks and the industry's increasing adoption of automation in beverage packaging. The United States is one of the significant contributors to beverage packaging on a global level.
- Furthermore, consumers have transitioned from buying cheap alcohol in bulk to purchasing high-end, premium alcoholic drinks due to rising consumer expenditure, backed by rising per capita disposable income. According to Statistics Canada, approximately 94.5 liters of alcoholic drinks were sold per person in Canada for the fiscal year ending on March 31, 2023.
- Moreover, companies in the United States are increasingly initiating recycling activities in order to achieve sustainable goals to protect the environment. For instance, Crown Holdings Inc., a US-based metal caps and closures manufacturing company, is working with industry partners to meet new, ambitious targets for the rate of recycling of aluminum beverage cans on a worldwide scale. The new goals in the United States aim to increase the average from the current 45% to objectives of 70% by 2030, 80% by 2040, and 90% by 2050.
- Metal caps and closures are becoming increasingly popular in wine bottle packaging due to their ability to preserve the quality and freshness of the wine. Screw closures made from aluminum are a modern solution for preserving the unique taste and aroma of wine. These closures prevent oxidation and provide a pure environment for wine to mature, ensuring its quality remains unchanged over time. They are user-friendly and offer ample opportunities for customization with various design options. Moreover, these aluminum caps are eco-friendly and can be recycled, making them an excellent addition to circular economy models.
A Considerable Portion of the Market is Anticipated to be Held by Aluminum
- Aluminum caps and closures are sturdier and more stable for packaging compared to other materials. These caps come in various styles and sizes, and their market demand is likely to be driven by factors such as product safety, uniqueness, and branding. Additionally, the market is expected to grow due to increased demand for smaller packaging sizes and convenience.
- Moreover, aluminum closures create a highly effective barrier without affecting the product’s taste and smell. Aluminum closures boast a neutral profile, which is crucial for preserving the integrity of drugs by averting taste and color alterations. As the global diabetic population surges, so does the demand for insulin shots, syringes, and injection pens. Consequently, aluminum caps have heightened utility in syringe nozzles, vials, and cartridges.
- Additionally, stringent regulations by the FDA, CPSC, and ISO have driven product innovation and sophistication across the pharmaceutical, food and beverage, and cosmetic industries. Manufacturers increasingly use product features such as convenience, child resistance, and senior friendliness to meet the regulations, as well as aluminum caps and closures.
- In recent years, the Aluminum Association in the United States has taken significant steps toward improving aluminum recycling. The Association has worked in partnership with the Environmental Protection Agency (EPA) to create voluntary programs and endorsed cap and trade carbon policy to encourage the use of recycled materials in manufacturing. The aluminum recycling initiative offers potential growth prospects for manufacturers of metal caps and closures in the region.
North America Metal Caps And Closures Industry Overview
The North American 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 Crown Holdings, O.Berk Company, Closure Systems International Inc. (CSI), and Alameda Packaging LLC. 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, primarily pharmaceuticals and beverages.
- January 2024: Novelis Inc., a prominent provider of sustainable aluminum solutions and the global leader in aluminum rolling and recycling, revealed a fresh agreement with Ardagh Metal Packaging USA Corp., a key player in sustainable aluminum beverage packaging. As per the deal, Novelis is set to provide aluminum beverage packaging sheets to Ardagh's North American metal packaging production sites.
North America Metal Caps And Closures Market Leaders
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Crown Holdings, Inc.
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O.Berk Company
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Closure Systems International Inc (CSI)
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Alameda Packaging LLC
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Silgan Closures (Silgan Holdings Inc.)
*Disclaimer: Major Players sorted in no particular order
North America Metal Caps And Closures Market News
- April 2024: BlueTriton, a prominent water and beverage industry player, bolstered its sustainability efforts by introducing innovative aluminum bottle packaging set to debut across five flagship brands, Poland Spring, Deer Park, Ice Mountain, Arrowhead, and Pure Life, and this move underscores BlueTriton's commitment to sustainability. Notably, this initiative is in direct alignment with BlueTriton's ambitious 2030 Sustainability Goals, which strive for a complete transition to either recyclable, reusable, or compostable packaging.
- June 2023: Massilly North America attained the prestigious G7 Master Facility Qualification, underscoring its commitment to top-tier color management in metal closure production. G7 stands as a benchmark in print consistency, developed by Idealliance. This global standard ensures uniform color accuracy across diverse print processes and devices. Achieving G7 Master Status signifies the company's adherence to G7's gray balance and neutral tone curves, enabling it to produce precise G7 proofs and print materials.
North America 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 Buyer
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 Increased Demand for Innovative Solutions from Various End Users
5.1.2 Superior Properties Compared to Other Closure Materials
5.2 Market Restraints
5.2.1 High Adoption Rate of Other Types of Closure Materials
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Aluminum
6.1.2 Steel
6.2 By Closure Type
6.2.1 Crown Caps
6.2.2 Screw Caps
6.2.3 Twist Metal Caps
6.2.4 Other Closure Type (Easy Open Ends and ROPP Metal Caps)
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 States
6.4.2 Canada
7. Competitive Landscape
7.1 Company Profiles*
7.1.1 Crown Holdings Inc.
7.1.2 O.Berk Company
7.1.3 Guala Closures SpA
7.1.4 Pelliconi & C. SpA
7.1.5 Closure Systems International Inc (CSI)
7.1.6 Silgan Closures (Silgan Holdings Inc.)
7.1.7 SKS Bottle & Packaging Inc.
7.1.8 Amcor Group GmbH
7.1.9 Qorpak (Berlin Packaging)
7.1.10 Alameda Packaging LLC
7.1.11 Massilly North America (Massilly Group)
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
North America Metal Caps And Closures Industry Segmentation
Caps and closures made from metals like aluminum, steel, and tinplate 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 North American 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 States and Canada). The report offers market forecasts and size in value (USD) for all the above segments.
| By Material Type | |
| Aluminum | |
| Steel |
| By Closure Type | |
| Crown Caps | |
| Screw Caps | |
| Twist Metal Caps | |
| Other Closure Type (Easy Open Ends and ROPP Metal Caps) |
| By End-user Industry | ||||
| Food | ||||
| ||||
| Pharmaceuticals | ||||
| Personal Care | ||||
| Other End-user Industries |
| By Country | |
| United States | |
| Canada |
North America Metal Caps And Closures Market Research FAQs
How big is the North America Metal Caps And Closures Market?
The North America Metal Caps And Closures Market size is expected to reach USD 6.29 billion in 2024 and grow at a CAGR of 3.81% to reach USD 7.46 billion by 2029.
What is the current North America Metal Caps And Closures Market size?
In 2024, the North America Metal Caps And Closures Market size is expected to reach USD 6.29 billion.
Who are the key players in North America Metal Caps And Closures Market?
Crown Holdings, Inc., O.Berk Company, Closure Systems International Inc (CSI), Alameda Packaging LLC and Silgan Closures (Silgan Holdings Inc.) are the major companies operating in the North America Metal Caps And Closures Market.
What years does this North America Metal Caps And Closures Market cover, and what was the market size in 2023?
In 2023, the North America Metal Caps And Closures Market size was estimated at USD 6.05 billion. The report covers the North America Metal Caps And Closures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Metal Caps And Closures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Metal Caps And Closures Industry Report
Statistics for the 2024 North America Metal Caps And Closures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America 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.
