Market Size of US Caps and Closure Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Caps and Closure Market Analysis
The United States caps and closures market was valued at USD 12460.4 million in 2020, and it is expected to reach USD 15859.09 million by 2026, registering a CAGR of 4.2% during the period of 2021 - 2026. As the inclusion of nanotechnology in convenience food manufacturing has been playing a crucial role in improving critical functions, including preservation procedure, packaging method, and finished goods processing. This trend is anticipated to play a significant role in increasing the usage of containers for packaged food products soon, which is expected to increase the demand for various kinds of closures.
- Increased demand for innovative solutions from different end users drives the market. In addition to traditional demands, such as leak tightness, easy closing, and offering higher barrier properties, customers expectations have increased highly. Therefore, the innovation has become a characteristic to define the packaging industry's approach to cater to the vast and changing consumer demands and society's needs. Major innovations have also been made in child-proof caps and closures. For instance, in August 2018, Comar introduced the new Secure Cap QuarterLoc child resistant closure, a one-piece push-and-turn bottle closure that requires only a quarter turn to apply or remove.
- However, stringent regulation on manufacturers pertaining to environmental degradation is restraining the market. The increasing regulation against plastic and increasing taxes on packaged products poses challenges against the growth of the market. In California, the government imposed ban on removable plastic bottle caps. According to Assembly bill 2779, the bottling companies would decide if they want to have California specific plastic bottles with tethered bottle caps or different bottles for the other markets in the United States.
US Caps and Closure Industry Segmentation
US caps and closures market studies various segment that are part of manufacturing different types of plastic, metal caps and closures, and end user segment. The end-user industry of the US caps and closure market include beverage, food, pharmaceuticals and healthcare, cosmetics and toiletries, and other end users, such as automotive cleaners, paints and coatings, chemicals, among others.
| By Material Type | ||||||
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| Metal | ||||||
| Other Material Types |
| By End-User Industry | |
| Beverage (Bottled Water, Beer, Dairy, RTD, Wine, Spirits, etc.) | |
| Food | |
| Pharmaceutical and Healthcare | |
| Cosmetics and Toiletries | |
| Other End-user Industries (Automotive Cleaners, Paints and Coatings, Chemicals, etc.) |
US Caps and Closure Market Size Summary
The United States caps and closures market is experiencing a dynamic evolution, driven by the increasing demand for innovative packaging solutions across various industries. The integration of nanotechnology in food manufacturing is enhancing preservation and packaging methods, thereby boosting the demand for diverse closures in packaged food products. The market is characterized by a shift towards meeting higher consumer expectations, with significant advancements in child-proof caps and closures. However, the market faces challenges due to stringent environmental regulations, particularly concerning plastic usage, which could impact growth. The food and beverage sector remains a major contributor, with PET and polypropylene being widely used due to their favorable properties and regulatory approvals for food contact.
The market is also witnessing a trend towards the adoption of synthetic corks and screw caps in the wine industry, driven by the need to eliminate cork taint issues. The growing consumption of bottled water and beverages is further propelling the demand for PET caps and closures. Innovations in tamper-resistant and smart closures are gaining traction, offering anti-counterfeiting features and enhanced consumer engagement. The market is highly fragmented, with key players focusing on design, technology, and application innovations to maintain a competitive edge. Recent developments include collaborations and the introduction of sustainable solutions, highlighting the industry's commitment to addressing evolving consumer and regulatory demands.
US Caps and Closure Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Porters 5 Force Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Material Type
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2.1.1 Plastic
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2.1.1.1 PET
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2.1.1.2 PP
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2.1.1.3 HDPE and LDPE
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2.1.1.4 Other Plastics
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2.1.2 Metal
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2.1.3 Other Material Types
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2.2 By End-User Industry
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2.2.1 Beverage (Bottled Water, Beer, Dairy, RTD, Wine, Spirits, etc.)
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2.2.2 Food
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2.2.3 Pharmaceutical and Healthcare
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2.2.4 Cosmetics and Toiletries
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2.2.5 Other End-user Industries (Automotive Cleaners, Paints and Coatings, Chemicals, etc.)
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US Caps and Closure Market Size FAQs
What is the current US Caps and Closure Market size?
The US Caps and Closure Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in US Caps and Closure Market?
Albea SA, Silgan Holdings Inc. , Amcor PLC , Closure Systems International Inc. (CSI) and AptarGroup Inc. (AptarGroup) are the major companies operating in the US Caps and Closure Market.
