According to research conducted by Future Market Insights, the gable top caps and closures market is expected to achieve a value of US$112.4 million in 2023, and it is projected to experience a compound annual growth rate (CAGR) of 4.9%, reaching a valuation of US$181.4 million by 2033. Anticipated sales growth of gable top caps and closures suggests that the top three countries will likely account for around 35-40% of the market share by the conclusion of 2023.
The popularity of gable top containers for milk among various brands is attributed to their user-friendly, storable, and easily transportable nature. In India, the surge in milk production has led to a corresponding increase in the demand for gable top containers, subsequently bolstering the sales of gable top caps and closures. Notably, India holds the distinction of being the world’s largest milk producer, contributing to 22 percent of global milk production, surpassing countries like the United States, China, and Brazil, according to data from the Food and Agriculture Organization of the United Nations. The steady 59 percent growth in global milk production over the past three decades underscores the continuous expansion of the milk industry.
Looking ahead, the Indian gable top caps and closures market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 5.8% expected during the period from 2023 to 2033. This growth reflects the robust dairy industry and the sustained demand for convenient and secure milk packaging solutions in India.
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Competitive Landscape
The companies operating in the gable top caps and closures market are progressing towards new environmental-friendly ideas for manufacturing and reducing the harmful plastic material considering growing concerns regarding environment and receiving recognition for prestigious organization.
- In January 2023, Berry Global Group and Coca-Cola collaborate to implement Tethered caps in EU markets.
- In November 2022, United Caps has progressed towards zero carbon footprint and delivering caps that enhance the end-user experience for its customer’s brands. The objective of making cap which are renewable or recycled plastic, and using 100% green energy and made by happy, secure workforce laid to sustainable leading position in industry of cap & closures.
- In October 2021, Silgan Holdings Inc. announced that it has acquired the new business Easytech Closures S.p.A.
The Major Key Players Are:
- Tetra Pak
- United Caps
- Silgan Closure
- Closure Systems International
- Berry Global Group
- Aptar Group
- Amcor plc
- Bericap Holding GmbH
- Nampak Ltd.
- SIG Combibloc
- Crown Holdings Inc.
- Guala Closures S.p.A
- Silgan Holdings Inc.
- Nippon Closures Co., Ltd.
- others
Need for Hygienic Rigid Packaging Solution for Liquid Packaging Fuel the Demand for the Gable Top Caps & Closures
- Hygiene and Food Safety: Gable top packaging is designed to protect liquid products from contamination and maintain their freshness. The caps and closures used in gable top packaging play a crucial role in sealing the product and preventing the entry of external contaminants. This is especially important for perishable liquid products that can spoil or become unsafe if exposed to air, bacteria, or other contaminants.
- Consumer Convenience: Gable top caps and closures are easy to open and reseal, making them convenient for consumers. They are typically designed with features like tear strips or resealable spouts, enhancing the user experience. Consumers appreciate the convenience and reliability of these closures.
- Sustainability: Gable top packaging is often associated with sustainability, as it is typically made from renewable resources and is recyclable. Many consumers and companies are looking for eco-friendly packaging options, and gable top packaging, along with appropriate caps and closures, can meet these demands.
- Branding and Shelf Appeal: The unique design of gable top packaging, along with attractive caps and closures, can help products stand out on store shelves. Customized closures can be used to reinforce a brand’s identity and communicate product qualities to consumers.
- Extended Shelf Life: Gable top caps and closures are engineered to provide a secure and reliable seal. This helps extend the shelf life of liquid products, reducing food waste and distribution costs.
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Gable Top Caps and Closures Market by Category
By Material
- Polyethylene (PE)
- Polypropylene (PP)
- Polylactic Acid (LPA)
- Bioplastic
By Product Type
- Screw Cap
- Flip Cap
By Distribution Channel
- Online
- Offline
By End Use
- Food
- Beverages
By Region
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan Countries
- Baltic Countries
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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