| Product Code: ETC5067738 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to see a strong influx of caps and closures imports, with top exporting countries including Puerto Rico, USA, Trinidad and Tobago, China, and UK. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape. The industry also experienced significant growth, with a compound annual growth rate (CAGR) of 11.35% from 2020 to 2024. The growth momentum persisted in 2024, with a growth rate of 1.62% from the previous year, showcasing the continued demand for caps and closures in Grenada.
By 2027, Grenada's Caps and Closures market is forecasted to achieve a stable growth rate of 0.17%, with United States of America leading the North America region, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Caps and Closures Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Caps and Closures Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Caps and Closures Market - Industry Life Cycle |
3.4 Grenada Caps and Closures Market - Porter's Five Forces |
3.5 Grenada Caps and Closures Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Grenada Caps and Closures Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Grenada Caps and Closures Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Caps and Closures Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Caps and Closures Market Trends |
6 Grenada Caps and Closures Market Segmentations |
6.1 Grenada Caps and Closures Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Caps and Closures Market Revenues & Volume, By Plastic, 2021-2031F |
6.1.3 Grenada Caps and Closures Market Revenues & Volume, By Metal, 2021-2031F |
6.1.4 Grenada Caps and Closures Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Caps and Closures Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Grenada Caps and Closures Market Revenues & Volume, By Dispensing Caps, 2021-2031F |
6.2.3 Grenada Caps and Closures Market Revenues & Volume, By Screw Closures, 2021-2031F |
6.2.4 Grenada Caps and Closures Market Revenues & Volume, By Crown Closures, 2021-2031F |
6.2.5 Grenada Caps and Closures Market Revenues & Volume, By Aerosol Closures, 2021-2031F |
6.2.6 Grenada Caps and Closures Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Caps and Closures Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Caps and Closures Market Revenues & Volume, By Food, 2021-2031F |
6.3.3 Grenada Caps and Closures Market Revenues & Volume, By Beverages, 2021-2031F |
6.3.4 Grenada Caps and Closures Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.5 Grenada Caps and Closures Market Revenues & Volume, By Cosmetics & Toiletries, 2021-2031F |
6.3.6 Grenada Caps and Closures Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.7 Grenada Caps and Closures Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
7 Grenada Caps and Closures Market Import-Export Trade Statistics |
7.1 Grenada Caps and Closures Market Export to Major Countries |
7.2 Grenada Caps and Closures Market Imports from Major Countries |
8 Grenada Caps and Closures Market Key Performance Indicators |
9 Grenada Caps and Closures Market - Opportunity Assessment |
9.1 Grenada Caps and Closures Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Grenada Caps and Closures Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Grenada Caps and Closures Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Caps and Closures Market - Competitive Landscape |
10.1 Grenada Caps and Closures Market Revenue Share, By Companies, 2024 |
10.2 Grenada Caps and Closures Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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