| Product Code: ETC5253273 | 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 high concentration of caps and closures import shipments, with top exporting countries including Puerto Rico, USA, Trinidad and Tobago, China, and the UK. This indicates a diverse sourcing strategy. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 was strong at 11.35%, showcasing a robust market expansion. The growth rate in the last year (2023-2024) remained positive at 1.62%, suggesting a steady upward trend in demand for caps and closures in Grenada.
By 2027, the Caps & Closures market in Grenada is anticipated to reach a growth rate of 0.17%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

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 & Closures Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Caps & Closures Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Caps & Closures Market - Industry Life Cycle |
3.4 Grenada Caps & Closures Market - Porter's Five Forces |
3.5 Grenada Caps & Closures Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Grenada Caps & Closures Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Grenada Caps & Closures Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Grenada Caps & Closures Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable packaging solutions |
4.2.2 Growth in the food and beverage industry |
4.2.3 Technological advancements in caps and closures manufacturing processes |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Stringent regulations regarding packaging materials |
4.3.3 Competition from alternative packaging solutions |
5 Grenada Caps & Closures Market Trends |
6 Grenada Caps & Closures Market Segmentations |
6.1 Grenada Caps & Closures Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Caps & Closures Market Revenues & Volume, By Plastic, 2021-2031F |
6.1.3 Grenada Caps & Closures Market Revenues & Volume, By Metals, 2021-2031F |
6.1.4 Grenada Caps & Closures Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Caps & Closures Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Caps & Closures Market Revenues & Volume, By Plastics Caps & Closures, 2021-2031F |
6.2.3 Grenada Caps & Closures Market Revenues & Volume, By Metal Caps & Closures , 2021-2031F |
6.2.4 Grenada Caps & Closures Market Revenues & Volume, By Other Caps & Closures, 2021-2031F |
6.3 Grenada Caps & Closures Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Caps & Closures Market Revenues & Volume, By Food, 2021-2031F |
6.3.3 Grenada Caps & Closures Market Revenues & Volume, By Beverage, 2021-2031F |
6.3.4 Grenada Caps & Closures Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.5 Grenada Caps & Closures Market Revenues & Volume, By Cosmetics & toiletries, 2021-2031F |
6.3.6 Grenada Caps & Closures Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Caps & Closures Market Import-Export Trade Statistics |
7.1 Grenada Caps & Closures Market Export to Major Countries |
7.2 Grenada Caps & Closures Market Imports from Major Countries |
8 Grenada Caps & Closures Market Key Performance Indicators |
8.1 Percentage of recycled materials used in caps and closures production |
8.2 Number of new product launches using innovative caps and closures |
8.3 Customer satisfaction ratings for the functionality and convenience of caps and closures |
8.4 Adoption rate of new technologies in caps and closures manufacturing |
9 Grenada Caps & Closures Market - Opportunity Assessment |
9.1 Grenada Caps & Closures Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Grenada Caps & Closures Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Grenada Caps & Closures Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Grenada Caps & Closures Market - Competitive Landscape |
10.1 Grenada Caps & Closures Market Revenue Share, By Companies, 2024 |
10.2 Grenada Caps & 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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