Market Overview:
The global food industrial closures 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 processed and packaged foods, rising disposable income, and growing urbanization. In terms of type, the plastic segment is expected to dominate the market during the forecast period owing to its properties such as durability, low weight, and resistance against corrosion. In terms of application, dairy products are expected to account for a major share of the global food industrial closures market during the forecast period owing to their high perishability. North America is estimated to be one of the leading markets for food industrial closures in 2018 followed by Europe and Asia Pacific.
Product Definition:
Food industrial closures are an important part of the food industry. They are used to seal food containers and keep the food inside fresh. Without them, the food would spoil quickly and be unsafe to eat.
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 most commonly used types of plastic include polyethylene, polypropylene, polystyrene, nylon and PVC among others. Plastic is widely used in the packaging industry owing to factors such as durability & lightweight characteristics along with low cost & easy availability of raw materials for production.
Metal:
Metal and its usage in the food industrial closures market is a growing concern for safety, quality, hygiene & environment. Metal has been used as an important component in the packaging industry owing to its properties such as recyclability, non-corrosive nature and aesthetic appeal. The metal packaging industry is expected to witness significant growth over the forecast period on account of rising demand from various end-use industries including food processing & beverage along with pharmaceuticals industries.
Application Insights:
The global food industrial closures market is segmented on the basis of application into edible oil, sauce, vinegar, dairy and other products. The dairy segment accounted for a significant share in 2017 and is expected to witness steady growth over the forecast period. This can be attributed to increasing demand for milk & milk-based beverages such as yogurt and ice cream across the globe.
Vinegar was one of the fastest growing segments in 2017 owing to its numerous applications including salad dressings, sauces for meat products among others. Increasing consumption of vinegar as a condiment has led major manufacturers like France's Henkel AG & Co., which uses metal lids instead of plastic ones due to health concerns over Bisphenol A (BPA), an endocrine disruptor that occurs naturally in plastics used in manufacturing these containers.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with the U.S. being the major contributor to regional growth.
Asia Pacific is anticipated to witness significant growth over a projected period owing to increasing foreign direct investments by various companies in this region along with growing population and disposable income levels which will lead towards an increase in per capita consumption of packaged foods such as sauces, vinegars, oils etc.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in demand for convenient food options. This is benefiting the food industrial closures market as it offers a range of products that are easy to use and store.
- Rising disposable income: A rise in disposable income is resulting in an increase in spending on food, which is benefiting the food industrial closures market. Consumers are now willing to spend more on better quality and innovative products offered by the market players.
- Proliferation of new product launches: Players in the food industrial closures market are constantly launching new products to cater to the evolving needs of consumers. This is helping them expand their customer base and gain a competitive edge over others operating in this space.
- . Growing popularity of ready-to-eat meals: There has been a surge in popularity of ready-to-eat meals due to hectic lifestyles and changing dietary preferences among consumers across the globe .This is providing opportunities for players operating in th efood industrial closures ma rket t o tap into this lucrative segment .
- . Technological advancements: The advent if technologically advanced solutions such as smart packaging systems has helped players i nthe foo dindustrial closure sm arket improve their offerings an dgain a foothold i nthis competitive landscape
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Industrial Closures 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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Food Industrial Closures Market Report Segments:
The global Food Industrial Closures 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 Food Industrial Closures 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 Food Industrial Closures 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer 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?
Food industrial closures are a type of bankruptcy in which a food processing or manufacturing company goes out of business. This can happen for many reasons, including economic downturns and competition from foreign companies.
Some of the major players in the food industrial closures 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 food industrial closures 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 Food Industrial Closures 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 Food Industrial Closures Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Industrial Closures 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 Food Industrial Closures 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 Food Industrial Closures Market Size & Forecast, 2020-2028
4.5.1 Food Industrial Closures Market Size and Y-o-Y Growth
4.5.2 Food Industrial Closures 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 Food Industrial Closures 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 Food Industrial Closures 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 Food Industrial Closures Market: Competitive Dashboard
14.2 Global Food Industrial Closures 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
