U.S. CAPS AND CLOSURES MARKET ANALYSIS

Caps and closures are the plastic packaging on top of bottles, jars, tubes, cans, and so on. They 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 applications in numerous industries including beverages, cosmetics, chemicals, and pharmaceuticals. The material used to manufacture caps and closures must possess an 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.

Rising demand for product safety, rising demand from end-use industries, product differentiation, and large product scope are the major factors driving the U.S. caps and closures market. The rising implementation of stringent environmental regulations and the availability of substitutes in the market are projected to hinder market growth.

Market Dynamics

The U.S. caps and 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 2020, Global Closure Systems was acquired by RPC Group Plc., a plastic product designer and engineering company, for US$ 714.6 Mn. Thus, increasing mergers and acquisitions in the market are expected to accelerate the market growth.

The players operating in the U.S. caps and closures market are focusing on partnerships and collaborations to expand their product portfolios. For instance, in August 2021, AptarGroup, Inc. partnered with Nippon Closures Co., Ltd., a Japan-based bottle closure manufacturer. Under the partnership, the companies will cross-license their technologies for producing tethered beverage closures. The partnership will help AptarGroup, Inc. to expand its dispensing closure product portfolio.

The U.S. caps and closures market is facing competition from closure-less packaging along with the development of flexible packaging to curb the market growth for non-carbonated beverages.

Key features of the study:

• This report provides an in-depth analysis of the U.S. caps and closures market and provides market size (US$ Million & Mn Units) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 - 2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the U.S. caps and closures market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include 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.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology upgrade, market expansion, and marketing tactics
• The U.S. caps and closures market report caters to various stakeholders in this industry including investors, suppliers, alcohol manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the U.S. caps and closures market

Detailed Segmentation:

• U.S. Caps and Closures Market, By Cap Type:
• Screw Caps
• Snap-on Caps
• Push-on Caps
• U.S. Caps and Closures Market, By Application:
• Bottled Water
• Fruit Beverages
• Ready to Drink (tea & coffee)
• Sports Beverages
• Others (energy drinks, non-dairy milk, etc.)
• U.S. Caps and Closures Market, By Material Type:
• Plastic
• Polypropylene (PP)
• Low-density Polyethylene (LDPE)
• Polystyrene (PP)
• High-density Polyethylene (HDPE)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Metal
• Company Profiles
• Closure Systems International, Inc.
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• 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.
• Tecnocap S.p.A.

“*” marked represents similar segmentation in other categories in the respective section.