The global beverage closures market was valued at USD 7.30 billion in 2024 and is expected to reach about USD 11.18 billion by 2034, growing at a CAGR of 4.35% from 2025 to 2034.
Beverage Closures Market Key Players
Latest Announcements by Industry Leaders
- In June 2024, John Bissell, Co-founder and co-CEO of Origin Material company, stated that the company has signed partnership with Bachman Group, active and committed to a sustainable development solutions providing company, who will assist in the end-to-end operation and automation of PET cap mass production lines. Bachman Group is going to assist the Origin Material company in manufacturing billions of caps, from pellet or flake to final closures. Both the companies are dedicated to sustainability and anticipate a productive collaboration. John
Bissell, Co-founder and co-CEO of Origin Material company also announced that "The Bachmann Group, a Swiss conglomerate that has been in business for more than 50 years, has extensive experience in quality control, shipping, and packaging manufacturing, including high-volume, complex goods like coffee capsules that need to be manufactured with extreme precision. Some of the top food, beverage, and healthcare organizations in the world rely on them for cutting-edge technology services.
Furthermore, the Bachmann Group and Origin Material company will run the lines to turn virgin and recycled PET into caps, including tethered caps, employing automation and high-speed machinery in Bachmann current top-notch European production facilities. Origis caps are positioned to be the first PET closures to be widely available on a commercial basis.
New Advancements in Beverage Closures Industry
- In April 2024, Blue Ocean Closures, packaging company, signed partnership with Great Earth, Sweden-based nutritional supplement provider to introduce its fibre-based screw cap, noted to be recyclable in paper waste streams.
- In April 2024, SnapSlide, industry-leading solutions providing company, uneviled the introduction of the no-torque caps, estimated to benefit adult consumers with physical disabilities.
- In April 2024, Berry Global, packaging solutions providing company revealed the introduction of the Slimline closures for use in pharmaceutical and personal care applications. These closures feature an active hinge for effortless opening, a comfortable finger recess, and a wide opening angle.
- In October 2024, Domino Printing Sciences (Domino), printing solutions providing company revealed the introduction of a new range of high-speed product handling and printing solutions engineered to reinforce the beverage manufacturers get away from labels on bottles for legislative and environmental reasons. Domino Printing Sciences company range of Bottle Closure Printing Stations has been engineered to print machine-readable codes and variable data, consisting QR codes, onto HDPE (High Density Polyethylene) bottle caps and closures.
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