United States Plastic Caps And Closures Market Size (2024 - 2029)

The United States plastic caps and closures market is poised for growth, driven by increasing demand in the packaged food and pharmaceutical sectors. The market's expansion is further fueled by a rising consumer preference for packaged beverages, particularly bottled water, which has become the most consumed beverage in the country. This trend underscores the importance of plastic caps and closures in ensuring product safety and longevity. However, fluctuations in raw material prices pose challenges, potentially impacting profit margins and market growth. Despite these challenges, the market is expected to experience a steady increase in size over the forecast period.

Market Size of United States Plastic Caps And Closures Industry

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United States Plastic Caps And Closures Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 11.82 Billion
Market Size (2029) USD 13.38 Billion
CAGR (2024 - 2029) 2.51 %
Market Concentration Medium

Major Players

United States Plastic Caps And Closures Market Major Players

*Disclaimer: Major Players sorted in no particular order

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United States Plastic Caps And Closures Market Analysis

The United States Plastic Caps And Closures Market size is estimated at USD 11.82 billion in 2024, and is expected to reach USD 13.38 billion by 2029, growing at a CAGR of 2.51% during the forecast period (2024-2029).

  • Plastic caps and closures utilize PP and PE as primary raw materials for manufacturing. Industries heavily rely on these materials, providing a cost-effective sealing solution. The demand for packaged food and pharmaceutical drugs has been steadily increasing, consequently impacting the caps and closures market, which is expected to see a rise in demand during the forecast period.
  • Similarly, amid a growing trend of health-consciousness among consumers, the demand for packaged beverages and pharmaceutical drugs is surging, propelling the caps and closures market. This rise is particularly pronounced in the plastic caps and closures segment, driven by the increasing accessibility of bottled water, which is a favored choice for health-conscious consumers. 
  • Notably, in 2023, the Beverage Marketing Corporation and the International Bottled Water Association reported that bottled water claimed the top spot as the most consumed beverage in the United States. While the growth rate in the sector has tapered, the leading beverage category, in terms of volume, marked record highs in both producer revenues and total gallons. Specifically, in 2023, the bottled water market saw a modest increase of 0.4%, a slowdown from the 1.1% growth in 2022 and a significant decline from the robust growth rates of 4.6% and 4.1% observed in 2021 and 2020, respectively.
  • Also, the rise in bottled water demand among customers in the United States is propelling the plastic caps and closures market. These components are essential for sealing water bottles to prevent spills, facilitate transportation, and enhance shelf life. The growing awareness of water contamination and safety concerns is driving up the demand for bottled water, a trend expected to continue during the forecast period, potentially spiking the demand for plastic caps across the market.
  • Raw material prices directly impact the cost of plastic caps and closures. When the price of plastic resins rises, manufacturers face increased costs in sourcing, processing, and transforming these materials into packaging products. The escalation in raw material costs can strain profit margins, particularly if manufacturers cannot pass on the increased costs to customers. Consequently, this may result in reduced investments in innovation, expansion, or even downsizing, thus restraining the market's growth.

United States Plastic Caps And Closures Industry Segmentation

Plastic caps and closures are essential for sealing containers in various industries, including food, beverages, and pharmaceuticals, ensuring product safety, integrity, and longevity. The study aims to analyze and understand the plastic caps and closures market's current growth, opportunities, and challenges in the United States. The scope of market analysis is segmented by raw materials (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and other materials), type (threaded, dispensing, unthreaded, and child-resistant), and applications (food, pharmaceutical and healthcare, beverage, cosmetics and toiletries, household chemicals, and other applications). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Raw Material
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Other Materials (Polystyrene and PVC)
By Type
Threaded
Dispensing
Unthreaded
Child-resistant
By Application
Food
Pharmaceutical and Healthcare
Beverage
Cosmetics and Toiletries
Household Chemicals
Other Applications
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United States Plastic Caps And Closures Market Size Summary

The United States plastic caps and closures market is poised for steady growth, driven by the increasing demand for packaged food, beverages, and pharmaceutical products. The market's expansion is largely attributed to the rising health consciousness among consumers, which has led to a surge in the consumption of bottled water and other packaged beverages. This trend is further supported by the growing awareness of water contamination and safety concerns, which continue to propel the demand for bottled water. The market is characterized by the use of polyethylene (PE) and polypropylene (PP) as primary raw materials, with high-density polyethylene (HDPE) and low-density polyethylene (LDPE) being the most commonly used variants. These materials are favored for their durability, cost-effectiveness, and resistance to environmental hazards, making them ideal for various applications in the beverage and pharmaceutical industries.

The market landscape is semi-consolidated, with key players such as Silgan Closures, Amcor Ltd, Aptargroup Inc., Berry Global Inc., and Albéa Services SAS dominating the scene. The industry is witnessing significant merger and acquisition activities, alongside strategic partnerships, such as Subway's agreement with PepsiCo, which aims to streamline beverage supply in US restaurants. The rise of e-commerce and direct-to-consumer sales channels is also influencing market dynamics, offering new opportunities for growth. However, fluctuations in raw material prices, particularly for plastic resins, pose challenges, potentially impacting profit margins and investment in innovation. Despite these challenges, the market is expected to continue its upward trajectory, supported by the increasing demand for single-serve beverages and the adoption of hot-fill processes in the beverage industry.

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United States Plastic Caps And Closures Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Degree of Competition

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of Impact of the COVID-19 Pandemic on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Raw Material

      1. 2.1.1 Polyethylene (PE)

      2. 2.1.2 Polyethylene Terephthalate (PET)

      3. 2.1.3 Polypropylene (PP)

      4. 2.1.4 Other Materials (Polystyrene and PVC)

    2. 2.2 By Type

      1. 2.2.1 Threaded

      2. 2.2.2 Dispensing

      3. 2.2.3 Unthreaded

      4. 2.2.4 Child-resistant

    3. 2.3 By Application

      1. 2.3.1 Food

      2. 2.3.2 Pharmaceutical and Healthcare

      3. 2.3.3 Beverage

      4. 2.3.4 Cosmetics and Toiletries

      5. 2.3.5 Household Chemicals

      6. 2.3.6 Other Applications

United States Plastic Caps And Closures Market Size FAQs

The United States Plastic Caps And Closures Market size is expected to reach USD 11.82 billion in 2024 and grow at a CAGR of 2.51% to reach USD 13.38 billion by 2029.

In 2024, the United States Plastic Caps And Closures Market size is expected to reach USD 11.82 billion.

United States Plastic Caps and Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)