Market Size of Beverage Caps and Closures Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.54 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Beverage Caps & Closures Market Analysis
The Global Beverage Caps and Closures market was valued at USD 62.08 billion in 2020 and is expected to reach a value of USD 80.87 billion by 2026 and work at a CAGR of 4.54% over the forecast period (2021-2026).
- The increasing demand for packaged beverages coupled with the technological advancements in packaging solutions is expected to aid the growth of the market over the forecast period.
- It was anticipated that the most established beverage categories such as milk and fruit juice are expected to offer sluggish growth opportunities, whereas, newer beverage categories including sports drinks, ready-to-drink tea and coffee, and other healthy beverage alternatives will increase the overall demand for beverage closures.
- Stringent Regulations on the Usage of Plastic Bottles will act as a factor which will restrain the growth of beverage caps and closures. The regulations by the government have a direct and adverse effect on the sales of caps and closures.
