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Global Gable Top Caps and Closures Market: Snapshot

Keen players in the global gable top caps and closures market are furthering their market shares through both the organic and inorganic route. Collaborations, acquisitions, and offering a broad range of products are some tried and tested methods used by them.

One of the main growth drivers in the global gable top caps and closures market is the industry friendly innovative design in gable top cartons. This has made it possible to print different product and brand related information on it since it has a comparatively large surface area than other liquid packaging solutions such as bottles and cans. Besides, it is also aesthetically pleasing and hence serves to easily attract consumers. Further, gable top cartons offer ease of stacking during transportation and retailing.

Posing a challenge to the global gable top caps and closure market is the volatile petroleum products prices. Since caps and closures are manufactured from plastics such as PP, PE, etc., which in turn is extracted from petroleum products, price fluctuation of the latter impacts the overall production cost.

A report by Transparency Market Research predicts the global gable top caps and closures market to rise at a 5.7% CAGR from 2017 to 2025 to reach a value of US$79.1 mn in 2025 from US$48.5 mn in 2016.

gable top caps closures market

Convenient Features Make Screw Caps the Dominant Segment

Based upon the type of product, the global gable top caps and closures market can be broadly divided into two – screw caps and flip caps. At present, the segment of screw caps leads the market with a significant share. The segment is slated to grow its share further by 2025 by expanding at a 5.9% CAGR between 2017 and 2025. This is because of their convenient features and applicability in different products packaged in gable top cartons. The consumption of screw caps segment is estimated to reach 4,019 million units by the end of 2025.

The consumption of the flip caps segment in the global gable top caps and closures market was around 958 million units by 2016-end. By clocking a CAGR of 5.1% from 2017 to 2025, it is predicted to become 1,428 million units by 2025. The flip caps segment was worth US$17.2 mn in 2016 and is forecasted to be US$26.0 mn by 2025-end.

Saturated North America Market to Grow Slowly

Geographically, the key segments of the global gable top caps and closures market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific, of them, is a market leader that raked in an overall revenue of US$19.4 mn by the end of 2016. The application segment of beverages is primarily driving the growth in the market in the region. By clocking the maximum CAGR of 6.6% from 2017 to 2025, the segment will grow its share further in the next couple of years.

North America trails Asia Pacific in terms of share in the global gable top caps and closures market. The U.S. leads the market in North America by dint of contributing the most to the revenue. Demand in the overall North America market, however, is slated to increase at a lackluster pace in the upcoming years on account of the market being saturated.

Prominent players in the global gable top caps and closures market are BERICAP GmbH & Co. KG, Evergreen Packaging Inc., UNITED CAPS LUXEMBOURG S.A, Tetra Pak, International S.A., Elopak Inc., Silgan Plastic Closure Solutions, Closure Systems International, Inc., Berry Global, Inc., and O. Berk.

Gable Top Caps and Closure Market to See New Packaging Designs Attracting Businesses

Gable top caps and closure manufacturers have seen exploring new designs. Gable top caps and closures are used extensively in food and beverages and paints and lubricants packaging solutions. In particularly, the growing proposition of consumer convenience of opening the packaging is a key trend propelling new product launches in the gable top caps and closure market. Over the years, increased focus has been on developing closures that meet the visual, audible, and tactile experience for the consumers as well as that offers tamper-resistance properties. In this regard, removable pull ring structure has failed consumers at large, either due to inability of closing and opening of bottles or due to concerns of spill-over effect of the liquid content. There is focus on single-stage opening of caps, spurring the manufacturers to arrive at new packaging designs. Also, beverages brands are increasingly harnessing gable top caps and closures as part of sustainability story, thereby attracting potential consumers. There is a growing demand for gable top caps and closure designs and techniques that help consumer detect that the bottles haven’t been opened before. The sound may be a key differentiating factor in this. Easy resealability is another factor that packaging companies in the gable top caps and closure market is looking forward.

The currently emerging COVID-19 pandemic has led to the many disruption into the retail trade. The changing demographics due to reverse migration from urban to rural areas has also nudged business executives in food and beverages industry to look for new business models to meet the rise in demand, especially for rural consumers. The pandemic-led lockdowns severely constrained the supply chains, opening new avenues for business models that can help players in the gable top caps and closures market focus on expanding their B2B sales. Further, as the economies are gradually opening up in several parts of the world, retail companies are getting into partnerships with beverages retail brands, which will likely spur the growth of the market.

High Bargaining Power of Buyers Restrain Profit Margins of Vendors in Metal Cans and Glass Jars Markets

Metal cans and glass jars are used in food storage application among consumers and commercial establishments. The panoply of design and size is overwhelming. The proliferating of demand for metal cans and glass jars to store wide range of food product such as powders, beverages, and ready-to-cook products among home users has spurred sales in the metal cans and glass jars market. Worldwide inclination to shun plastics for food storage has been an enablers as well as accelerator the demand and sales of metal cans and glass jars. Over the years, the urban consumption driving revenue growth in the metal cans and glass jars has come from two trends: focus on unique product positioning and garnering profits from repeat buyers. The demand has also gathered steam among restaurants and hotels for storing and serving beverages, in part due to the high aesthetic value these have, and environmental-friendliness over plastics bottles. In urban dwelling, the demand for glass jars has proliferated, fueled increasingly by cross-selling efforts by vendors and retailers. Asian economies such as India have seen high demand for metal cans and glass jars of various sizes and thickness. Glass jars are being demanded for meeting the hydration needs, given the increasing shelf-space these products have in multiplex and malls. The growing proclivity of adopting environmentally friendly products among people in such countries has helped spur the use of glass jars and metal cans for food storage.

The Covid-19 pandemic is not just a health crisis, but the prolonged period of lockdowns have also severely impacted the manufacturing industries, including packaging sector. This has brought to the fore the feasibility of new vendor business models and retail trends. These factors have also posed new challenges and new opportunities to the ecosystem in the metal cans and glass jars market. In addition, a high bargaining power of buyers is one of the key propositions that players in the market cannot afford to keep at the arm’s length.

Global Gable Top Caps and Closure Market: Overview

This Transparency Market Research report examines the global gable top caps & closures market for the forecast period 2017–2025. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global gable top caps & closures market. 

The report begins with an overview of the global gable top caps & closures market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.

Global Gable Top Caps and Closure Market: Research Methodology

To compute the market size, in-depth secondary research is done.  Data points such as regional splits and market split by material type, product type and application has been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the global revenue generated by the sales of gable top caps & closures market.

TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of gable top caps & closures market.

Global Gable Top Caps and Closure Market: Segmentation

TMR not only conduct forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of product type, diameter, material type, end use and region. The report analyses the Global gable top caps & closures market in terms of value (US$ Mn/ US$ Thousand) and volume (Mn Units)

Another vital feature of this report is the analysis of the gable top caps & closures market by region, material type, product type, diameter and application; and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective of the Global gable top caps & closures market. 

To understand key segments in terms of their growth and performance in the gable top caps & closures market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global gable top caps & closures market.

In the final section of the report, gable top caps & closures market competitive landscape is included to provide a dashboard view of companies that manufacture and provide services of gable top caps & closures market. The report contains company profiles of some of the key players in the global gable top caps & closures market.

Companies Mentioned in Report

Some of the key players in global gable top caps & closures market include Bericap GmbH & Co. KG, Evergreen Packaging Inc., United Caps Luxembourg S.A, Tetra Pak, International S.A., Elopak Inc., Silgan Plastic Closure Solutions, Closure Systems International, Inc., Berry Global, Inc., and O.Berk.

By Product Type

  • Screw Caps
  • Flip Caps
  • Other

By Material Type

 

  • PP
  • PE
    • HDPE
    • LDPE
    • LLDPE 
  • Others

By Application

  • Food
    • Prepared food
    • Dairy products
    • Ice Cream Mix
    • Edible oil
    • Confectionaries
    • Others
  • Beverages
    • Alcoholic
      • Beer
      • Wine
      • Other Liquors
    • Non-Alcoholic
      • Milk
      • Fruit Juice
      • Ready to drink beverages
      • Others
  • Laundry and Detergents
  • Paints and Lubricants
  • Pet food

By Diameter

  • 25mm-35mm
  • 35mm-45mm
  • 45mm-60mm
  • others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Gable Top Caps Closure Market

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