The aluminium caps and closure market were valued at USD 5.8 billion in 2020 and is expected to reach USD 7.8 billion by 2025, registering a CAGR of 5.1% during the period of 2020-2025. The power of aluminium to shape any shape and its protective properties have made it one of the world's most flexible packaging materials. To prolong the shelf-life and maintain the taste, flavour, and texture of the packaged goods, aluminium caps & closures are important. Aluminium caps and seals play a crucial role in driving visual appeal, brand differentiation, and customer usability, in addition to providing leak-proof and contamination-resistant functionality.

For the packaging sector, aluminium caps & closures are crucial and this acts as the main driving force for the development of the sector. In addition, the rising demand for branded goods is anticipated to raise the global market's steady momentum.

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Geographic Overview

• APAC
• Europe
• North America
• Middle East & Africa
• South America

North America is Expected to Hold a Major Share in Aluminium Caps and Closure Market:

• A substantial market share is anticipated in the North American area, which is home to several firms, including Reynold Group Holding Limited, Silgan Holding, Cary Company, O.Berk Company, and Crown Holding, among others.

• In addition, the food and beverage industry is one of the region's largest users in the demand for aluminium caps and closures. For the preservation of food items, such as seeds, usually contained in glass containers, aluminium caps or seals are often used.
• The intake of alcoholic drinks in the United States in 2019 was 30,53 billion litres, according to Banco do Nordeste. In2018, the selling of spirits in Canada was CND 5.49 billion, according to StatsCan. Many alcoholic drinks use aluminium packaging enclosures, which are expected to fuel the region's market for aluminium caps and closures.

As major drivers for aluminium caps and closures, growing demand for convenient food and increased operability serve as essential drivers. To keep the substance new and healthy from dust and other bacteria, a cap plays an imperative role. Consumers are on the lookout for user-friendly, easy to open, and simple to use closures. In different product categories, such as body care, skincare, drinks, and liquid food products, the growing popularity of dispensing closures and pump closures is set to accelerate the growth of the global aluminium caps and closure market.

The per capita intake of aluminium caps & closures is high in developing economies such as the US and Western Europe, leaving further development to be reduced. The increasing trend of healthier beverage consumption by health-conscious customers, including juices and nutritional beverages, has also contributed to a decrease in sales of carbonated soft drinks (CSDs) in a few mature markets. Demand for aluminium caps & closures is related to sales of packaged goods on the retail front.

In the last five years, the falling sales of soft beverages have hindered the growth of the soda packaging market, which is the main end consumer. The penetration of packaged product sales in other sectors, such as food and personal care, is high. Due to the interdependence of the growth of the end-use industries, notably in the beverage industry, demand for aluminium caps & closures is relatively lower in developing markets. Although this demand could be powered by improved consumption in the next five years, this presents a problem as the increase in consumption levels is projected to remain modest.

Key players

• Leading players in the aluminium caps & closures market:-
• Crown Holding (US)
• Silgan Holdings (US)
• Amcor (Australia)
• Guala Closure (Luxembourg)
• Alcopack (Germany)
• Herti JSC (Bulgaria)
• Torrent Closures (Spain)
• Cap & Seal Pvt Ltd (India)
• Federfin Tech S.R.L (Italy)
• Osias Berk (US)
• ITC Packaging (US)
• DYZDN Metal Packaging (China)
• Shangyu Sanyou Electro-Chemical Aluminium Products (China)
• Alameda Packaging (US)
• EMA Pharmaceuticals (France)
• Helicap Closures (China)

Source: VynZ Research