U.S. Caps and Closures Market Insight Growth Analysis on Volume, Revenue and Forecast to 2020-2027

Posted December 27, 2021 by rohit890

Caps and closures are plastic packaging on top of bottles, jars, tubes, cans, and so on.
Market Overview

Caps and closures are plastic packaging on top of bottles, jars, tubes, cans, and so on. Caps and closures are of different types such as screw top, crown cap, snap on, friction fit, tamper evident, and dispersing. Caps and closures find a broad range of application in numerous industries such as beverages, cosmetics, chemicals, and pharmaceuticals. The material used to manufacture caps and closures must possess excellent balance of stiffness and toughness along with good chemical resistance. Generally, caps and closures of lightweight and high toughness are preferred in the market.

Significant demand for product safety, rising demand from end-use industries, product differentiation, and a large product scope are the major drivers for caps and closures market. Rising implementation of stringent environmental regulations and availability of substitutes in the market are projected to be the factors hindering market growth.

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Market Dynamics

The market of U.S. caps & closures market for non-carbonated beverages is witnessing continuous consolidation owing to the several major players are acquiring smaller ones in order to expand their market presence. For instance, in March 2016, Global Closure Systems was acquired by RPC Group Plc., (a plastic products design and engineering company) for US$ 714.6 Mn. Thus, a growing merger and acquisition in the market are expected to accelerate market growth.

Players operating in the U.S. caps & closures market are focusing on various strategies such as partnerships & collaboration in order to expand their product portfolio. For instance, in August 2019, AptarGroup, Inc. entered in to a partnership with Nippon Closures Co., Ltd (manufacturer of bottle closures based in Japan). Under the partnership the companies will cross-license their technologies for producing tethered beverage closures. The partnership will help AptarGroup to expand its product portfolio of dispensing closures.

Detailed Segmentation:

U.S. Caps & Closures Market, By Cap Type:

Screw Caps

Snap-on Caps

Push-on Caps

U.S. Caps & Closures Market, By Application:

Bottled water

Fruit beverages

Ready to drink (tea & coffee)

Sports beverages

Others (energy drinks, non-dairy milk, etc.)

Key companies covered as a part of this study includes, Closure Systems International, Inc., Silgan Plastic Closure Solutions, Bericap GmbH and Co KG, Global Closure Systems, AptarGroup, Inc., Berry Plastics Group, Inc., Amcor Limited, O.Berk Company, LLC, Blackhawk Molding Co. Inc., and Tecnocap S.p.A.

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Last Updated December 27, 2021