Argentina Caps and Closure Market Overview, 2029

The caps and closures market in Argentina has grown over the past century, induced by the industrial growth of the country and its economic ups and downs. In the early 20th century, with Argentina booming and Industralisation, the packaging industry, including caps and closures, started finding a foothold. By the mid-20th century, domestic manufacturing servicing the beverage, food, and pharmaceutical sectors had extended the market considerably. However, due to the unstable economic conditions and high inflation in the 1980s and 1990s, the industry found it very hard to prosper. Market liberalization in the 1990s opened up the markets to foreign investment and modernization and in the early 2000s a recovery and growth phase ensued, despite the crises in 2001-2002. Technology would help increase efficiency in production and qualitative improvement over the following decades. The late 2000s and 2010s turned out to be the time for globalization, which allowed Argentine manufacturers to adjust to international standards and practices. Nowadays, in the marketplace, a mix of local and international players goes on to further invest in technology and green practices. Since there is growing consumer awareness, some massive shifting towards eco-friendly and innovative solutions for packaging is seen. Today, the caps and closures market in Argentina serves the food and beverage industries, followed by pharmaceuticals and cosmetics. As part of the larger trends and conditions throughout the country, the sector has demonstrated great resilience and adaptability to varied turbulence. Crown Holdings, Inc. is a global leader in metal packaging technology, Crown Holdings offers a wide range of metal closures and caps for the beverage, food, and aerosol industries. Their presence in Argentina is significant due to their strong brand recognition and extensive product portfolio. According to the research report "Argentina Caps and Closures Market Overview, 2029," published by Bonafide Research, the Argentina Caps and Closures market was valued at more than USD 300 Million in 2023. Caps and closures are extensively utilized in the food and beverage (F&B) industry to provide protection and increase the shelf-life of the product. This, in confluence with the escalating demand for packaged and ready-to-drink beverages, represents one of the primary factors bolstering the Argentina market growth in South America. The Argentian market is also influenced by a growing focus on sustainability, with manufacturers exploring eco-friendly materials and designs to align with consumer preferences. Technological advancements, such as child-resistant closures and 3D printing, contribute to the dynamism of the market, positioning it for continued expansion to meet evolving industry needs globally. The cap and closure market is experiencing substantial growth driven by diverse industries and evolving consumer preferences. These closures, including screw caps, flip-tops, dispensing caps, and tamper-evident closures, play a crucial role in preserving product integrity, ensuring safety, and enhancing convenience. The Caps & Closure market is involved in the production as well as supply of caps and closures-related packaging solutions to various types of industries such as pharmaceuticals, food industry, alcohol packaging, and beer industry. Caps and closures are protective barriers to stop getting products exposed to direct sunlight, air, and water which can damage the product. Plastic is the major raw material used in caps & closures followed by metal, glass, rubber, and many other materials. Stringent environmental laws, particularly those defined by ISO standards, provide substantial challenges to the expansion of the caps and closures market in Argentina. ISO regulations prioritize sustainability, requiring producers to limit environmental effect throughout the product's lifecycle, from raw material sourcing to end-of-life disposal.

Plastic leads in the caps and closures market of Argentina due to its improved versatility, cost, and ease of processing. Caps and closures are widely made from polyethylene and polypropylene since they offer optimum durability with lightness and affordability. Its moldability into different shapes and sizes adds to the uniqueness of the material and makes it the number one choice for packaging a wide spectrum of materials, beginning from beverages to food products and pharmaceuticals. In addition, the growing demand for premium and tamper-evident packaging fosters growth in the metals segment. Metals, like aluminum and steel, are strong, yet they have the capability of hermetic sealing. This segment is growing as industries seek more solid and secure packaging solutions including specifically, in food and beverages, product integrity and shelf life are vital. Glass is prized for its premium feel and recyclability but considered less often compared to plastic because it can be very expensive and, more importantly, breakable. Traditionally or specialty used, wood is restricted by higher production costs and greater environmental impact. Rubber & elastomers are useful in specific applications that require flexible sealing; however, again, due to their higher cost and lower scalability, they are not as common. Although paperboard is eco-friendly and applied in various sectors, it is not that strong, with low sealing abilities as compared to plastics and metals, hence not common in high-demanding industries. Food & Beverages has emerged as the leading application in the caps and closures market in Argentina, driven by high demand for diverse packaging solutions. Major applications driving this market include wide use of caps and closures for bottling and packaging in the food and beverages industry, including, but not limited to, soft drinks and juices to sauces and condiments. There is a need for these products to have convenience, freshness, and safety features, with all these calling for a broad range of closure types including tamper-evident and easy-to-open designs. The very large volumes and diversity of products in this sector assure it will remain the largest principal user market for caps and closures. This is further driven by cosmetics and toiletries, in which consumer expenditure is being incurred in personal care products and more hygiene. The segment makes use of premium packaging trends and innovative closure solutions to raise the bar in terms of user experience and product quality. Consumer preferences are now changing to increasingly sophisticated, environmentally friendly packaging with a rising demand for items such as pumps, droppers, and decorative caps. The Pharmaceutical & Health Care segment is crucial, but it significantly lags and does not grow as fast as the Food & Beverages or Cosmetics segment. Caps and closures in this industry are crucial to attaining its integrity and safety of medications and health-oriented products. The Other segment derives applications in caps and closures from the Chemical and Automotive industries, which get more niche forms. In the case of the chemical industry, it is about packaging diverse chemical products, some of which require robust and resistance-related materials. In the automobile sector, it caters to the needs of packaging maintenance and repair products. Screw Closures are the leading type in Argentina's caps and closures market, given their extensive application, convenience, and effectiveness. Screw closures find broad usage in various industries in the form of screw caps and threaded lids because of the advantages associated with the use and compression sealing they provide. It dominates the market for the fact that it is versatile, inexpensive, and reliable in keeping the freshness of the product and avoiding leakage. The segment for Easy-Open Can Ends is growing in light of increasing consumer demand for ease and accessibility. Ease of access is the main factor behind the wide popularity of easy-open can ends, such as pull tabs and pop-tops, within the food and beverage industries. This segment is driven by the developing trend toward convenience packaging, mainly for ready-to-eat and on-the-go products, since manufacturers try to engage in experiences of consumers and meet modern lifestyle needs. Metal lug closures do not enjoy the same type of leadership or growth as screw closures or easy-open can ends. They are used for closing jars and bottles, providing strength and a tight seal, especially in canned and preserved foods. But the applications are narrower compared with the more universal usage of screw closures and the convenience-oriented growth of easy-open types. Dispensing Caps are used for controlled dispensing of such products as sauces, lotions, and cleaning agents. They bring functionality and precision to the application of a product and do not dominate the market because of the specificity of their use cases. The others category includes other types of closures, not covered under the main segments of the market, such as specialty closures and custom-designed closures. While all these have applications that are niche and cater to specific needs, they do not impact overall trends as much when compared to the leading or growing segments.

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Manmayi Raval

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Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Caps and Closure market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Raw Material • Plastic • Metals • Others (Glass, wood, Rubber & Elastomers and paperboads)

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By End user Industries • Food & beverages • Cosmetics and Toiletries • Pharmaceutical & health care • Others (chemical and automotive) By Types • Screw Closures • Easy-Open Can End • Metal Lug Closures • Dispensing Caps • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Caps and Closure industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.