Plastic Caps Market Surges USD 67.66 Bn at 4.64% CAGR

Plastic Caps Market Review, Key Business Drivers and Industry Forecast

According to forecasts, the global plastic caps market will grow from USD 42.9 billion in 2024 to USD 67.66 billion by 2034, with an expected CAGR of 4.64%. In 2024, Asia Pacific led the plastic caps market, with screw-on caps, PP material, bottles, and food & beverages as dominant segments. North America, HDPE material, dispensing caps, and pharmaceuticals are set for notable growth ahead.

Last Updated: 20 June 2025 Category: Packaging Products Insight Code: 5620 Format: PDF / PPT / Excel

Plastic Caps Market Demand, Size and Growth Rate Forecast

The plastic caps market is predicted to expand from USD 44.89 billion in 2025 to USD 67.66 billion by 2034, growing at a CAGR of 4.64% during the forecast period from 2025 to 2034. The market is experiencing rapid growth, driven by increasing demand for plastic caps from various industries pharmaceuticals, food and beverage, cosmetics, and personal care, and others. The polypropylene (PP) segment continues to dominate due to its high strength, durability, cost-effectiveness, and thermal resistance capabilities.

The key players operating in the market are focused on adopting sustainable materials. Manufacturers are increasingly using monomaterial caps, such as polyethylene terephthalate (PET) and polypropylene (PP), to improve recyclability and reduce greenhouse gas emissions. In addition, the market is expanding exponentially in various developing and developed regions, particularly Asia Pacific, fuelled by the availability of raw materials and surging demand from multiple industries.

Plastic Caps Market Size 2024 - 2034

Key Takeaways

  • In terms of revenue, the market is valued at USD 44.89 billion in 2025.
  • The market is projected to reach USD 67.66 billion by 2034.
  • Rapid growth at a CAGR of 4.64% will be observed in the period between 2025 and 2034.
  • Asia Pacific dominated the plastic caps market in 2024.
  • North America is expected to grow at a significant CAGR during the forecast period.
  • By product, the screw-on caps segment accounted for the majority of revenue share in 2024.
  • By product, the dispensing caps segment is expected to grow at a significant CAGR in the coming years.
  • By material, the PP segment dominated the market with the largest revenue share in 2024.
  • By material, the HDPE segment will grow at the fastest CAGR over the studied period.
  • By packaging type, the bottles segment held the largest revenue share in 2024.
  • By application, the food and beverages segment registered its dominance over the global market in 2024.
  • By application, the pharmaceuticals segment is expected to witness remarkable growth during the forecast period.

Market Overview

In the packaging industry, plastic caps offer protection, safety, and durability to various products from a wide range of industries. Plastic caps are crucial for sealing jars, bottles, tubes, and drums to ensure product safety and secure sealing while preventing leaks and contamination. The basic functions of plastic caps offer sealing and preservation, dispensing control, tamper-evidence, and convenience. Plastic caps are widely used in cold drink bottles, water bottles, jam jars, cosmetics bottles, medicine bottles, pickle jars, and others. Plastic caps ensure safety and freshness and enhance the shelf life of the product.

Key Metrics and Overview

Metric Details
Market Size in 2024 USD 42.9 Billion
Projected Market Size in 2034 USD 67.66 Billion
CAGR (2025 - 2034) 4.64%
Leading Region Asia Pacific
Market Segmentation By Material, By Product, By Packaging Type, By Application and By Region
Top Key Players Berry Global, Crown Holding, AptarGroup, Amcor plc, BERICAP, Silgan Holdings, RPC Group, United Caps
  • The market is expanding in emerging regions, fuelled by rapid urbanization, increasing consumption of packaged goods, rising advancements in cap design, and the expansion of e-commerce activities.
  • The rising investment of key market players in monomaterial caps, like polypropylene (PP) and polyethylene terephthalate (PET), to improve recyclability and reduce waste, is anticipated to fuel the market’s expansion during the forecast period.
  • The rising advancements in material technologies significantly enhance the performance, durability, and recyclability of product solutions are expected to boost the plastic cap market growth during the forecast period.
  • The increasing consumer preference for low-cost, lightweight, and convenient packaging solutions accelerates the market’s revenue during the forecast period.
  • The high consumer spending on packaged food and beverages, personal care, household care, cosmetics, pharmaceuticals, and other products significantly contributes to the overall growth of the plastic market.
  • The increasing awareness of product safety and freshness to maintain the integrity of goods, as an airtight seal helps to preserve the product for longer, supports the growth of the plastic cap market during the forecast period.

How is Artificial Intelligence Integration Impacting the Growth of the Plastic Caps Market?

As technology continues to evolve, the integration of artificial intelligence is significantly reshaping the landscape of the plastic caps market by enabling predictive maintenance, minimizing wastage, and optimizing production processes. By leveraging Artificial Intelligence (AI) and Machine Learning (ML) technologies, companies can effectively innovate and improve the efficiency of their operations through advanced data analysis and rapid automation. Artificial Intelligence can analyze vast volumes of data based on the properties and formulations of plastic materials to predict their properties. Several leading players are increasingly focusing on advancing plastic caps with AI-powered production and sustainable materials.

Market Dynamics

Driver

Rising Consumer Demand for Convenience and Low-cost Packaging

The growing demand for convenience and low-cost packaging from multiple end-user industries is expected to boost the market’s revenue during the forecast period. Plastic caps are cost-effective, lightweight, and durable, making them an ideal choice for making it a preferred choice for various applications, particularly in the food and beverage industry, personal care, chemicals, household care, cosmetics, pharmaceuticals, and other industries. Plastic caps ensure product integrity, preventing contamination and enhancing convenience for consumers. Their lightweight nature assists in reducing fuel consumption during shipping, and their durability ensures leak-proofness or breakage during transit, minimizing product waste and loss. Moreover, the integration of child-resistant and tamper-evident features plays a vital role, particularly in the pharmaceutical and food and beverage sectors. Therefore, increasing consumer demand for convenience and low-cost packaging fuels the adoption of advanced caps such as tamper-evident (TE) and dispensing caps.

Restraint

Fluctuations in the Price of Raw Materials

The price volatility is anticipated to hinder the market's growth. The fluctuation in the price of raw materials such as polymer-based materials, which are widely used in the production of plastic caps, has led to an increasing manufacturing cost of advanced plastic caps, adversely impacting the profit margins of manufacturers. Moreover, the stringent environmental regulations regarding the usage of traditional plastic may hinder the growth of the global plastic caps market during the forecast period.

Opportunity

How is the Increasing Focus on Sustainability Impacting the Market Expansion?

The increasing focus on sustainability and eco-friendly products is projected to offer lucrative growth opportunities to the plastic caps market in the coming years. Sustainability has become a key focus in almost every industry, and plastic packaging is no exception. Several manufacturers are shifting towards monomaterial caps, widely using polyethylene terephthalate (PET) or polypropylene (PP), to improve the quality of recycled materials and enhance recyclability. Sustainable packaging offers several environmental benefits, ranging from reducing carbon emissions to promoting recycling initiatives, helping to pave the way for a greener future. Eco-friendly plastic caps can seal and protect the contents to ensure freshness, preventing contamination, and minimizing waste that is generated due to spoilage. Plastic caps offer significant compatibility with recycling processes. Plastic caps can be easily separated from the bottle, which makes the recycling process more efficient.

Segment Insights

How Screw-on caps Segment Dominated the Market in 2024?

The screw-on caps segment held a dominant presence in the plastic caps market in 2024. Screw-on caps are the most common type of plastic caps. The segment’s growth is mainly driven by the increasing demand for soda containers, water bottles, and a wide variety of other liquid items. These caps are twisted onto the neck of a bottle, creating a secure and tight seal for protecting the product from contamination, maintaining freshness, and offering convenience as they are easy to open and close. For instance, bottled water consumption is expected to increase by a further 23% to 72 billion liters by 2028 in China. On the other hand, the dispensing caps segment is expected to grow at a significant rate, owing to the growing demand for convenient and precise dispensing solutions of liquid or semi-liquid products from various industries pharmaceuticals, food and beverage, cosmetics, and personal care, and others.

Which Material Dominated the Plastic Caps Market in 2024?

The polypropylene (PP) segment dominated the market with the largest share in 2024. Plastic caps are widely used owing to their strength, lightweight, cost-effectiveness, ease of mass production, ease of use, and adaptability across multiple industries. Several manufacturers widely prefer plastic material to reduce production costs while ensuring product freshness, protecting against contamination, and maintaining integrity. Moreover, the rapid advancements in plastic recycling technologies and the increasing trend of sustainability significantly enhance the production of eco-friendly plastic caps. The incorporation of post-consumer recycled (PCR) plastics in cap production. Reprocessing waste plastic into new caps can significantly lower dependency on virgin materials. On the other hand, the high-density polyethylene (HDPE) segment is growing at the fastest CAGR, owing to its high durability and strength. These plastic caps are often utilised in industrial and household products.

Why Does the Bottles Segment Dominate the Plastic Caps Market?

The bottles segment is expected to experience rapid growth over the global plastic caps market, owing to the increasing consumer spending on water bottles and beverages. The rapid expansion of e-commerce platforms allows manufacturers to reach a broader customer base and offer various plastic caps products directly to consumers. Bottles are widely used for storing liquids like beverages, water, and various other liquid products. In bottles, plastic caps assist in creating a tight seal, preventing leaks and maintaining the quality of the contents. Several manufacturers are embracing eco-friendly caps materials, efficient production, and responsible sourcing.

  • In October 2024, Idemitsu Kosan, a petroleum refinery company, revealed a partnership with beverage maker Suntory to conduct a demonstration test on the chemical recycling of used polyethylene terephthalate (PET) bottle caps and labels. This project has advanced to the demonstration test phase, where Chemical Recycle Japan, a subsidiary of Idemitsu Kosan, has used Suntory's discarded caps to create chemical recycled (CR) oil.

Food and Beverages Sector Dominates Market

The food and beverages sector accounted for a significant share of the plastic caps market in 2024, owing to the rapid urbanization and rising consumer spending on packaged food and beverage products, particularly in developed and developing countries. In the food and beverage industry, plastic caps are widely used to offer convenience, safety, and assist in reducing product waste. In addition, the increasing consumption of carbonated and non-carbonated drinks is likely to strengthen the manufacturing capabilities of lightweight and durable plastic caps. The rapid advancements in material science and recycling technologies are expected to accelerate the adoption of sustainable plastic caps, making them an even more attractive option for businesses and consumers. On the other hand, the pharmaceuticals sector segment is expected to witness remarkable growth during the forecast period, owing to increasing demand for sealing bottles and cans of drugs, saline bottles, supplements, vaccine vials, and others.

Regional Insights

Asia Pacific

Asia Pacific dominance is driven by rising consumer preferences for convenience, rapid urbanization, growing consumer demand for safety and hygiene plastic packaging products, rise in disposable income, rapid technological advancements in manufacturing, and increasing urbanization. Factors such as high consumer spending power, increasing consumption of carbonated and non-carbonated drinks, growing consumer demand for convenience and safety, the rising popularity of eco-friendly plastics, and increasing awareness about hygiene and contamination-free products. The increasing investment by key players in plastic caps innovation and in the development of recyclable and sustainable caps is anticipated to drive the market’s growth in the region.

  • According to the article published by the World Bank Group in January 2024, India is urbanizing rapidly. By 2036, its towns and cities will be home to 600 million people, or 40 percent of the population, up from 31% in 2011, with urban areas contributing almost 70% to GDP. 

In Asia Pacific, China, Japan, and India are the major contributors to the plastic caps market. The regions have the presence of robust manufacturing capabilities, along with a surge in middle-class population and rising consumer expenses on personal care and household products as well as increasing consumption of bottled beverages, expansion of pharmaceutical industry, and the surge in number of modern online retails are significantly contributing to the market dominance in the region. Sustainability trends are gaining immense attention in the region, with rising awareness of recyclable and lightweight materials like polypropylene (PP) and Polyethylene Terephthalate (PET), to improve the quality of recycled materials. Several manufacturers are adopting eco-friendly practices, responding to the evolving demand for environmentally responsible packaging and regulatory pressures.

North America

North America represents considerable potential for the plastic caps market, owing to the presence of well-established industries such as cosmetics and personal care, pharmaceuticals, household cleaning products, food and beverages, and chemicals. Several key market players are increasingly investing in the recycling of plastic material to align with the sustainability trends. For instance, in October 2024, Vaseline is integrating a new recyclable pump into its Intensive Care lotions in the US and Canada. Learn how this is supporting Unilever’s goal to ensure 100% of our rigid plastic packaging is reusable, recyclable, or compostable by 2030.

As a part of broader sustainability initiatives, recycled plastic caps are gaining immense popularity to reduce plastic waste and meet the evolving demand of environmentally conscious consumers. Several manufacturers are actively focusing on designing lighter caps that require significantly less plastic without compromising functionality or strength. This innovation lowers the material costs and reduces carbon emissions during transportation, accelerating the adoption of sustainable packaging. Furthermore, the rapid technological advancements in manufacturing, such as digital printing and injection molding, enhance the efficiency in the production process and customization options for plastic caps.

  • According to the findings from the September 2024 survey conducted by The Harris Poll on behalf of the International Bottled Water Association (IBWA), there is a shift in consumer behaviour that directly contributes to the growth of the premium bottled water market. With 88% of Americans consuming bottled water and 87% holding a positive opinion of it as a beverage choice, there is a clear preference for bottled water over other beverages like soda (61%) and coffee (60%).

Plastic Caps Market Key Players

Plastic Caps Market Companies

  • Berry Global
  • Crown Holding
  • AptarGroup
  • Amcor plc
  • BERICAP
  • Silgan Holdings
  • RPC Group
  • United Caps
  • Caps and Closures Pty Ltd
  • Guala Closures
  • Nippon Closures Co., Ltd.
  • Sonoco Products Company
  • Pano Caps

Latest Announcement by the Industry Leader

  • In February 2025, Kashima City of Ibaraki Prefecture, REFINVERSE, Inc., Mitsubishi Chemical Corporation, Toyo Seikan Group Holdings, Ltd., Kewpie Corporation, and KASUMI CO., LTD. entered into a six-party comprehensive partnership agreement to promote closed-loop recycling of plastic packaging in Ibaraki Prefecture on February 14, 2025. In this pilot project, each of the six partners will pass materials to the next partner to promote the recycling of plastic through the supply chain.

Recent Developments

  • In February 2025, Maybelline, Kraft Heinz, and P&G joined hands in a new industry effort to rescue some of the billions of bottle caps, lotion pumps, pill bottles, and other packaging bits that regularly go to waste. Food, cosmetics, and retail giants team up to prevent small plastic from falling between the cracks of the recycling system.
  • In February 2025, Origin Materials launched the commercial production of polyethylene terephthalate (PET) caps at its manufacturing facility in Reed City, MI. The company’s PET cap and closure technology can be used to produce both tethered and standard caps, enabling PET bottle-to-bottle recycling. Origin's PET cap and closure technology can be used to produce both tethered and standard caps, enabling PET bottle-to-bottle recycling.

Plastic Caps Market Segments

By Material

  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • High Density Polyethylene (HDPE)
  • Low-density Polyethylene (LDPE)
  • Others

By Product

  • Dispensing Caps
  • Screw-on Caps
  • Others

By Packaging Type

  • Packet/Sachets
  • Bottles
  • Tubes
  • Others

By Application

  • Food and Beverages
  • Pharmaceuticals
  • Personal care and cosmetics
  • Homecare and Toiletries
  • Agrochemical
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
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  • Insight Code: 5620
  • No. of Pages: 150
  • Format: PDF/PPT/Excel
  • Last Updated: 20 June 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Vidyesh Swar is a Senior Research Analyst at Towards Packaging, bringing over 4 years of dedicated expertise in market intelligence and strategic analysis across the dynamic world of packaging technologies and solutions.

Learn more about Vidyesh Swar

Aditi Shivarkar, with 14+ years in packaging market research, specializes in food, beverage, and eco-friendly packaging. She ensures accurate, actionable insights, driving Towards Packaging 's excellence in industry trends and sustainability.

Learn more about Aditi Shivarkar

Related Insights

FAQ's

Polypropylene (PP) is the leading material due to its high strength, low cost, thermal resistance, and recyclability. Its compatibility with monomaterial recycling initiatives and widespread industrial use make it the top choice for manufacturers.

Sustainability is driving a shift toward monomaterial caps (e.g., PP and PET) that improve recyclability and reduce carbon footprints. Companies adopting eco-friendly production and circular economy models are gaining favor with both regulators and eco-conscious consumers, offering strong long-term investment potential.

Key trends include the rise in e-commerce, consumer preference for lightweight and convenient packaging, advancements in cap design, and integration of smart technologies such as AI and automation in manufacturing, which are enhancing efficiency and reducing waste.

AI is enabling predictive maintenance, process optimization, and material analysis, helping manufacturers reduce production downtime and material waste. This contributes to cost efficiency, faster innovation, and sustainable manufacturing practices, offering a competitive edge.

Asia Pacific currently dominates due to rapid urbanization, high consumption of packaged goods, and robust manufacturing infrastructure in countries like China, India, and Japan. The region also leads in recyclable packaging innovation, offering strong growth potential.

Growth is driven by the increasing demand for packaged products, rising consumer focus on product safety and convenience, technological advancements in materials, and regulatory pressures that are encouraging the use of sustainable and recyclable caps.

The market is fragmented yet competitive, with global players like Berry Global, AptarGroup, Silgan Holdings, and Amcor plc driving innovation. Competition is intensifying in recyclable material development, design innovation, and AI-enabled production, requiring firms to differentiate through sustainability and smart manufacturing.

With the rise in direct-to-consumer packaging and home deliveries, plastic caps play a vital role in securing and preserving products during transit. The demand for leak-proof, tamper-evident, and durable caps is increasing as e-commerce scales globally.