Metal closures, also known as caps or lids, are essential components used to seal containers, bottles, and jars, ensuring the preservation and protection of various products, including beverages, food items, and pharmaceuticals. These closures are commonly made from metals such as aluminum or steel and play a critical role in maintaining the integrity and freshness of the packaged contents.
The global metal closures market exhibited a noteworthy valuation of approximately US$ 26.8 billion in 2021, and it is poised to reach a valuation of around US$ 28.4 billion in 2022. Moreover, with the increasing adoption of metal closures across diverse industries, including food and beverages, consumer goods, cosmetics and personal care, and pharmaceuticals, the overall demand for metal closures is expected to maintain a robust Compound Annual Growth Rate (CAGR) of 6% during the period spanning from 2022 to 2032. By the year 2032, the market is forecasted to achieve an impressive valuation of approximately US$ 50.8 billion.
In recent times, metal closures have gained widespread trust and adoption as a dependable means of safeguarding various goods, including food products, beverages, pharmaceuticals, and cosmetics. The escalating utilization of metal closures in packaging these diverse product categories is poised to act as a driving force behind the sustained growth in the global metal closures market throughout the forecast period.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15582
Key points about metal closures:
- Material Composition:
- Aluminum Closures: Lightweight and corrosion-resistant, aluminum closures are widely used for packaging beverages, including soft drinks, beer, and various other liquid products. They are also commonly used for pharmaceuticals.
- Steel Closures: Steel closures are known for their strength and durability. They are often used in the packaging of products that require a higher level of protection, such as certain types of food and industrial products.
- Types of Metal Closures:
- Screw Caps: These closures have threads that screw onto the neck of the container, providing a secure seal. Screw caps are common in the beverage industry and are used for products like water, juice, and wine.
- Crown Caps: Also known as bottle caps, crown caps are widely used for sealing glass bottles, particularly in the beer industry. They are sealed by a crown capping machine.
- Press-on Caps: These closures are pressed onto the container’s neck and provide a snap-on seal. They are often used for packaging products like sauces, condiments, and some pharmaceuticals.
- Tamper-Evident Closures: Many metal closures are designed with tamper-evident features to provide assurance that the product has not been opened or tampered with before purchase.
- Lining and Sealing Technology:
- Metal closures often have liners made of materials like plastisol or pulpboard to create an effective seal. The lining material helps prevent leakage, contamination, and ensures product freshness.
Key Trends
Several key factors influence the sales of packaged food and beverages, including mounting concerns related to health and well-being, the growing demand for ready-to-eat meal options, rising income levels, and elevated living standards. Metal closures play a pivotal role in enhancing the longevity of these products, acting as a formidable barrier against external elements such as dust, moisture, and oxygen. As the packaging sector continues to expand, the metal closures market is poised to benefit significantly, as these closures represent the final line of defense in preserving the integrity of the packaged goods.
Within the packaging industry, the paramount objective is to preserve the flavor, texture, and overall quality of food and beverage products, while simultaneously extending their shelf life. The surging sales of packaged food and beverage items represent a pivotal driver propelling the growth of the metal closures market.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15582
Key Players
- Amcor Plc
- Oberk
- Tri-Sure packaging
- Silgan Containers LLC
- Actega
- P. Wilkinson Containers Ltd.
- Metal Closures Pvt. Ltd
- Kotopack
- Canpack
- Roberts Metal Packaging
- SACMI
- Viscose Closures Ltd.
- Hercules Sdn Bhd
- Peliconi & C
- Sks Bottle & Packaging Inc.
- Closure Systems International
Market by Segmentation
By Material Type:
- Aluminum
- Tin
- Stainless Steel
- Copper
By Production Process:
- Injection Molding
- Compression Molding
By End Use:
- Food & Beverages
- Consumer Goods
- Personal Care & Cosmetics
- Homecare
- Pharmaceuticals
- Others (Chemical, Agro Products, etc.)
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
