US Caps and Closures Market

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U.S. CAPS CLOSURES MARKET ANALYSIS

• US Caps and Closures Market Analysis for Non
  carbonated Beverages, By Cap Type (Screw Caps,
  Snap-on Caps, Push-on Caps), By Application
  (Bottled water, Fruit beverages, Ready to drink
  (tea coffee), Sports beverages, Others (energy
  drinks, non-dairy milk, etc.)), By Material Type
  (Plastic (PP (Polypropylene), LDPE (Low-density
  Polyethylene), PS (Polystyrene), HDPE
  (High-density Polyethylene), PVC (Polyvinyl
  Chloride), PET (Polyethylene Terephthalate)),
  Metal) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 2027

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caps and closures are used to seal or close the
container such as a bottle, jar, can, and tube.
They are widely used across the beverage industry
to package the non-carbonated drink in order to
prevent the entry of any foreign particles. They
provide barrier to moisture, dust, and oxygen, in
turn, keep the product fresh and also enhance the
shelf-life of the product. Caps and closures
are produced from different materials such as
rubber, plastic, metals, and paperboard.
Moreover, they are also beneficial for packaging
of beverage in order to preserve the flavor and
taste in the food beverage industry. Bottled
water, fruit beverages, ready to drink (tea
coffee, and sports beverages are some of the
major application of caps and closure in
beverageU.S. caps closures market is estimated
to account for US 3,209.9 Mn in terms of value
and 117,506 Mn Units in terms of volume by the
end of 2020.

• Drivers
• Rising demand for single-serve beverages coupled
  with the hot fill process which increase the
  shelf-life of the packaged beverage is expected
  to fuel the growth of the U.S caps and closures
  market. The growing popularity of the hot-fill
  side in the closure business especially in the
  ready-to-drink segment is projected to augment
  the market growth over the forecast timeframe.
• Growing demand for sports drink in the U.S.
  country due to the increasing number of
  health-conscious consumer in the region is
  expected to accelerate market growth. For
  instance, in May 2016 BioSteel Sports Nutrition
  Inc. has introduced it's highly sought after
  High Performance Sports Mix in a Ready-to-Drink
  format (BioSteel Sports Drink) in the United
  States. The new drink is sugar-free, gluten free,
  vegan and diabetic friendly. 

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Market Restraints

• According to the Coherent Market Insights
  analysis, the processors in the U.S. are shifting
  from using compressed molding, PE-based two-piece
  closure to injected molded, HDPE one-piece
  closures which are also lightweight. However,
  this switch from a two-piece to a one-piece
  closure involves changing material and the
  complete manufacturing process. This could be
  challenging because of the lack of awareness
  regarding PE in closure applications. Moreover,
  this transition would also impact the overall
  supply chain in the industry. This is expected to
  hinder the growth of the U.S. caps and closure
  market.

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Market Opportunities

• Various manufacturers are targeting the bottled
  water segment as it is the most common beverage
  consumed. The U.S. consumers have become more
  health-conscious and this is expected to fuel the
  growth of the U.S. caps and closure market for a
  non-carbonated beverage. For instance, in October
  2019, Drinking water brand Nestlé Pure Life has
  introduced a new 330ml bottles for kids made from
  100 recycled plastic (rPET). The new bottles
  feature four DC characters such as Batman, Wonder
  Woman, Superman, and Shazam.
• Key players are introducing lightweight closure
  in order to enhance the ease of use of the
  product. This will provide immense growth
  opportunity to the market of U.S. caps and
  closure. Lightweight caps closures
  manufacturers can focus on developing innovative
  products and also save the use of material
  saving. This will enable manufacturers to invest
  more on new and innovative products. 

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Figure 1. U.S. Caps Closures Market
Opportunity Analysis 
Market Trends/Key Takeaways Injection molding is
gaining traction in the market as it offers
improved consistency due to its ability to obtain
tighter part tolerances on the complex structure.
It is also useful for easily changing size and
uptime efficiency during the production of caps
and closure. Thus, the rising popularity of
injection molding in the production of caps and
closure is expected to favor market growth over
the forecast period.
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Figure 2. U.S. Caps Closures Market, Revenue
Share (), By Application, in 2019
On the basis of application, bottled water
dominated the U.S. caps closures market in 2019
with around 57.4 of market share in terms of
revenue, followed by fruit beverages and sport
beverages, respectively.
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Competitive Section Company Names  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. Tecnocap
S.p.A. Few Recent Developments Closure Systems
International, Inc.
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• Few Recent Developments
• Closure Systems International, Inc.
• Key Developments
• In May 2016, it was stated that the company along
  with its sister companies Graham Packaging Co.
  and Evergreen Packaging Inc., would be combining
  into one consolidated global headquarters in
  Memphis, U.S.
• In January 2015, the company was awarded the
  best beverage closure manufacturer in Brazil by
  plastics industry publication Premio Plasticos Em
  Revista
• In June 2015, Closure Systems International, Inc.
  opened a new creative space called Studio C which
  provided a stimulating environment for ideation
  and innovation

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