United States Caps And Closure Market 2020 Precise Outlook -Albéa S.A., Silgan Closures, Amcor Plc, Closure Systems International, Aptar Group Inc.

United States Caps And Closure Market - Growth, Trends And Forecast (2020 - 2025)

United States Caps And Closure market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.

The United States caps and closures market was valued at USD 12460.4 million in 2019, and it is expected to reach USD 15326.8 million by 2025, registering a CAGR of 4.2% during the period of 2020-2025. 

The United States Caps And Closure market is highly competitive and consists of a number of major players: Albéa S.A., Silgan Closures, Amcor Plc, Closure Systems International, Aptar Group Inc., Bericap Holdings, Trimas Corporation, Guala Closures Spa, Vinventions, Corticeira Amorim, S.A.

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Scope of the Report

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.

Key Market Trends

Plastic to Witness a Highest Growth

- According to American Chemistry Council, in 2018, out of USD 37.8 billion investment in plastic resins, USD 24.9 billion investment is used for plastic products, which shows the demand for plastic packaging in the overall products. The food and beverage industry is one of the major contributors to the caps and closures market in the United States. Majority of the manufactured food products are packaged in PET containers, which are mostly covered with plastic enclosures, to protect them from contamination. As PET had been approved as safe for contact with food and beverage (F&B) by the FDA and health-safety agencies, due to which PET caps and closures are increasingly being used for dairy products, convenience food, and other food service applications.
- Polypropylene (PP) has inherent properties, like excellent tensile strength, inertness toward acids, alkalis, and solvents, and has a cost advantage over other thermoplastic polymers. These properties positioned PP across a wide range of consumer products, which are manufactured by high-volume forming methods.
- Some of the prominent players in the industry through research and developments have been instrumental in further innovating their offerings and coming up with product developments with a next generation random polypropylene (PP). For instance, in October 2019, Borealis announced the commercial launch of BorPure RF777MO based on the proprietary Borstar Nucleation Technology (BNT). The BorPure RF777MO is designed for use in flip-top caps where the new resin enables the manufacturer to reduce cycle times for certain caps applications.
- Moroever to provide impact strength, combined with stiffness and a low potential for stress whitening, High-density polyethylene (HDPE) and LDPE are best suited in it. According to Borealis, the growth in the HDPE caps and closures is mainly due to the replacement of metal caps used on glass bottles (replaced by PET), and a change in the consumption pattern as more refreshments are consumed from small bottles.
- As HDPE caps are more compatible with the geometries of the PET thread, these are being increasingly used in the PET bottling. The increasing consumption of the bottled water is expected to fuel the adoption of the HDPE caps over the forecast period.

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Beverage Accounted to Hold a Major Market Growth

- As the US beverage market is growing, following with higher consumption of wine and beer, the packaging components and materials are also adding value differentiation with evolving demands. According to the report by the Wine Institute of America, released in April 2019, almost 1 billion gallons of wine were produced in the United States in 2017. The United States is the highest consumer of wine, with a 15% global share. Owing to such high consumption of beverages, the demand for caps and closures is expected to increase in the United States.
- United States is one of the largest wine consuming country. According to Wines and Vines Analytics, 2019, the total dollar value of the US wine market in 2018 was USD 70.5. A key trend for the market growth that can be seen in this market is the growing preference for plastic/synthetic corks and screw caps over natural corks.
- Furthermore, the innovation pertaining to temper resistant caps and closures is also gaining significant traction due to anti-counterfeiting properties.
- For instance, in May 2019, Guala Closures won Alufoil Trophy 2019 for its e-WAK technology; the e-WAK from Guala Closures is the first NFC aluminum closure which is based on a new smart technology that allows every bottle of wine to become a connected bottle. A chip is positioned inside the closure that can be read by enabled smartphones, providing consumers authenticity certification and extensive product information.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: United States Caps And Closure Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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