Market Share of US Caps and Closure Industry
The US caps and closures market is highly fragmented. The sustainable competitive advantage can be gained through innovation in design, technology, and application. The levels of market penetration for the caps and closure have grown significantly over the last decade, aided by growing demand from the food, beverage, and pharmaceutical industries. Key players are Albea S.A., Silgan Closures, Amcor Plc, etc. Recent developments in the market are -
- July 2019 - Aptar Food + Beverage introduced the Karma Beverage Closure. Karma,makers of the Karma Push Cap Technology, and Aptar Food & Beveragedivision formed a collaborative relationship to provide instant-mix technologyto the market segments focused on the growing trend of personalized,fortified nutrition. The company is expected to leverage its global presence,along with its diverse technology platform and application experience, tooptimize the potential of the Karma Push Cap by providing opportunities forKarma's design to be used in the value-add convenient packaging area.
- Nov 2019 - Closure Systems International introduced 38K-DL a caps for diary and non-carbonated beverages. CSI's 38D-KL closure delivers a sustainable solution and can be sourced with up to 40% PolyCycle, CSI's post-consumer recycled (PCR) HDPE resin.
US Caps and Closure Market Leaders
-
Albea SA
-
Silgan Holdings Inc.
-
Amcor PLC
-
Closure Systems International Inc. (CSI)
-
AptarGroup Inc. (AptarGroup)
*Disclaimer: Major Players sorted in no particular order
