Market Overview:
The global closures for food market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenience foods and rising disposable income of consumers across the globe. In terms of type, the plastic segment is expected to dominate the global closures for food market during the forecast period, owing to its properties such as durability and resistance against moisture and chemicals. In terms of application, edible oil is projected to be one of the fastest-growing segments in the global closures for food market during 2018-2030. This can be attributed to factors such as changing dietary habits among consumers and rising demand for processed foods.
Product Definition:
Closures for food are designed to keep contaminants out and maintain the freshness of the food. They come in a variety of shapes and sizes, but all serve the same basic purpose. Closures for food are important because they ensure that the food is safe to eat and has not been contaminated.
Plastic:
Plastic is a synthetic material that can be categorized as a Group 4 substance. It has the ability to retain its physical and chemical properties even after being heated to high temperatures. The global plastic market is expected to witness significant growth over the forecast period owing to factors such as growing demand for packaging in food & beverage industry, increasing application scope of plastics in automotive industry, rising consumer disposable income levels coupled with changing lifestyle patterns are some other drivers of this market.
Metal:
Metal and it's usage in Closures for Food market is a study of the metal types that are suitable to be used as food packaging material. The metals that are commonly used for this purpose include aluminum, tin, steel & others. The factors considered while choosing a metal for use in food packaging includes physical properties (temperature range), chemical reactivity, recyclability and aesthetic appeal among others.
Application Insights:
The other application segment includes the product for alcoholic beverages, pharmaceuticals and personal care products. The edible oil segment accounted for a significant share in 2016 owing to its wide applications including salad dressings, mayonnaise, cooking oils and fats. Closure containers are widely used for packaging various sauces such as ketchup, barbeque sauce and others that require heat-resistant environments.
Sauces are highly popular across the globe owing to their use in various cuisines with different nationalities having unique preferences regarding taste as well as texture of the final product. Manufacturers from countries such as China Indonesia Malaysia India Philippines Vietnam have contributed significantly to global demand due to increasing popularity of authentic local cuisine which involves extensive usage of native sauces made using ingredients native to each region worldwide (elements like climate & soil). This trend is expected continue over the forecast period thereby driving closure market growth globally over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a significant share of global population, which makes it a potential customer base for any industry. Furthermore, rapid industrialization coupled with increasing foreign investments in emerging economies such as China and India are anticipated to boost demand from various end-use industries such as food & beverage, pharmaceuticals, personal care products among others.
The European market was valued at USD X billion in 2017 and is projected to expand at a CAGR of XX% over the forecast period owing to stringent regulations on product quality coupled with consumer safety standards that have driven innovation across numerous industries including food & beverages sector resulting into high investment opportunities for new entrants along with well-established players operating within this space looking towards sustainable growth through improved productivity levels and enhanced competitiveness globally while maintaining high standards domestically thus benefitting consumers ultimately driving regional growth prospects over the coming years.
Growth Factors:
- Increasing demand for convenience foods: The modern lifestyle is characterized by busy schedules and a lack of time for cooking. This has led to an increase in demand for convenience foods, such as pre-packaged meals and ready-to-eat snacks. Closures for food packaging can help to keep these products fresh and appetizing.
- Rising popularity of organic foods: There is a growing trend towards eating organic foods, which are perceived as being healthier than conventionally grown produce. Closures that are made from natural materials, such as bamboo or cork, can be used to seal organic food products effectively.
- Growing concern about food safety: With the increasing incidence of foodborne illnesses, consumers are becoming more concerned about the safety of the food they eat. Closures that provide an airtight seal can help to prevent bacteria from entering packaged food products and causing contamination outbreaks .
Scope Of The Report
Report Attributes
Report Details
Report Title
Closures for Food Market Research Report
By Type
Plastic, Metal, Other
By Application
Edible Oil, Sauce, Vinegar, Dairy, Other
By Companies
Crown Holdings, Berry Global, AptarGroup, Closure Systems International, Global Closure Systems, Silgan Holdings, Bericap, Guala Closures, Alplast, Amcor, Pact Group Holdings, Tetra Laval
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Closures for Food Market Report Segments:
The global Closures for Food market is segmented on the basis of:
Types
Plastic, Metal, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Edible Oil, Sauce, Vinegar, Dairy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Crown Holdings
- Berry Global
- AptarGroup
- Closure Systems International
- Global Closure Systems
- Silgan Holdings
- Bericap
- Guala Closures
- Alplast
- Amcor
- Pact Group Holdings
- Tetra Laval
Highlights of The Closures for Food Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plastic
- Metal
- Other
- By Application:
- Edible Oil
- Sauce
- Vinegar
- Dairy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Closures for Food Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Closures for food are safety measures put in place by the Food and Drug Administration (FDA) to protect the public from potential foodborne illness. These closures can occur when there is a known or suspected contamination with harmful bacteria, such as E. coli O157:H7, Listeria monocytogenes, Salmonella spp., or Campylobacter jejuni.
Some of the major companies in the closures for food market are Crown Holdings, Berry Global, AptarGroup, Closure Systems International, Global Closure Systems, Silgan Holdings, Bericap, Guala Closures, Alplast, Amcor, Pact Group Holdings, Tetra Laval.
The closures for food market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closures for Food Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Closures for Food Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Closures for Food Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Closures for Food Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Closures for Food Market Size & Forecast, 2020-2028 4.5.1 Closures for Food Market Size and Y-o-Y Growth 4.5.2 Closures for Food Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Plastic
5.2.2 Metal
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Edible Oil
6.2.2 Sauce
6.2.3 Vinegar
6.2.4 Dairy
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closures for Food Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Closures for Food Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Plastic
9.6.2 Metal
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Edible Oil
9.10.2 Sauce
9.10.3 Vinegar
9.10.4 Dairy
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Plastic
10.6.2 Metal
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Edible Oil
10.10.2 Sauce
10.10.3 Vinegar
10.10.4 Dairy
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Plastic
11.6.2 Metal
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Edible Oil
11.10.2 Sauce
11.10.3 Vinegar
11.10.4 Dairy
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Plastic
12.6.2 Metal
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Edible Oil
12.10.2 Sauce
12.10.3 Vinegar
12.10.4 Dairy
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Plastic
13.6.2 Metal
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Edible Oil
13.10.2 Sauce
13.10.3 Vinegar
13.10.4 Dairy
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Closures for Food Market: Competitive Dashboard
14.2 Global Closures for Food Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crown Holdings
14.3.2 Berry Global
14.3.3 AptarGroup
14.3.4 Closure Systems International
14.3.5 Global Closure Systems
14.3.6 Silgan Holdings
14.3.7 Bericap
14.3.8 Guala Closures
14.3.9 Alplast
14.3.10 Amcor
14.3.11 Pact Group Holdings
14.3.12 Tetra Laval