The global demand for Screw Closures Market is presumed to reach the market size of nearly USD 57.21 Billion by 2032 from USD 33.8 Billion in 2023 with a CAGR of 6.02% under the study period 2024 - 2032. By volume, the market was estimated XX Units in 2023 and is expected to reach XX Units by 2032 with a CAGR of XX%.
A screw closure or a cap is a common type of closure for jars, bottles, and tubes. It is designed to provide an effective seal and barrier, to be compatible with the contents, and to be easily opened by the consumer. There are a variety of screw closures available depending upon sizes of bottles or jars and can be used across various end-use industries including food and beverages, pharmaceuticals, household, and others.
Market Dynamics
The rising demand for screw closures from the food and beverage industry owing to its hassle-free opening & closing along with improved protection to prevent product wastage is primarily escalating the market growth. Also, the increasing consumer spending on convenience products along with rising disposable income is further boosting the market value. On the flip side, fluctuation in prices of raw material such as HDPE and PP may hinder the market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of screw closures.
Market Segmentation
The study offers a decisive view of the global screw closures market by segmenting it in terms of diameter, material type, end-user, and neck finish. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Diameter
- 18 mm – 33 mm
- 36 mm – 53 mm
- 63 mm – 100 mm
- Above 100 mm
By Material Type
- LDPE
- HDPE
- Polypropylene
- Metal
- Thermosets
- Others
By End-Use
- Beverages
- Food
- Pharmaceuticals
- Household
- Cosmetics & Personal Care
- Others
By Neck Finish
- 400 (1 Thread Turn)
- 410 ( 1.5 Thread Turn)
- 415 ( 2 Thread Turn)
- 425 ( 2 Thread Turn)
- Above 430
Regional Analysis
This section covers screw closures market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global screw closures market along with the individual application segment across all the prominent region.
Global Screw Closures Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Screw Closures market are Amcor Limited, Berry Global Inc., Aptar Group, RPC M&H Plastics Ltd., Silgan Plastic Closure Solutions, O. Berk Company LLC., Closure Systems, International Inc., Bericap GmbH and Co KG, Global Closure Systems, Weener, Plastics Group BV, Blackhawk Molding Co. Inc., CL Smith Company, Georg Menshen, GmbH & Co. KG, Mold-Rite Plastics LLC. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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