[PDF] US Caps and Closures Market Market Size, Historical Growth, Analysis, Opportunities And Forecast To 2027

Caps and closures, including stoppers and washers, are used in a wide variety of applications. They can be used in food processing, chemical plants, coal-burning power plants, water treatment facilities, and many other applications. Caps and closures are also used to prevent contamination and to maintain surfaces in various industries. Caps and closures have come in various types and varieties, depending on their application and intended use. The main function of caps and closures is to maintain the container lid closed and the contents enclosed for the stipulated shelf life. An important factor that increases the cost of such products is increased use, which requires more care and maintenance and therefore adds to the overall life cycle cost.

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Growing demand for single-serve beverages is expected to drive growth of the U.S. caps and closures market during the forecast period. Increasing popularity of hot-fill beverages such as coffee, espresso, and cappuccino has led to high demand for caps and closures in the U.S. Rising working population require on-the-go hot beverages that are easy to drink and will not spill while traveling or walking. According to the Bureau of Labor Statistics, in November 2020, the unemployment rated reduced down to 6.7% in the U.S. Thus, these factors are expected to drive growth of the U.S. caps and closures market during the forecast period. Moreover, rising need for product differentiation and branding among major brands is expected to boost the U.S. caps and closures market growth over the forecast period. Besides, decreasing packaging sizes is expected to propel the market growth in the near future.

However, switch from a two-piece closure involves changing material and the complete manufacturing process is expected to hinder the U.S. caps and closures market growth over the forecast period. Besides, key manufacturers laying emphasis on the bottled water segment can present lucrative growth opportunities in the U.S. caps and closures market in the near future. Furthermore, injection molding is gaining significant popularity since it offers enhanced consistency due to its ability to obtain tighter part tolerances on the complex structure.

Key players involved in the U.S. caps and closures market are Albéa S.A., Corticeira Amorim, S.A., Silgan Closures, Vinventions, Amcor plc, Guala Closures Spa, Closure Systems International, Trimas Corporation, Aptar Group Inc., Bericap Holdings, Coral Products plc, Berry Global Inc., and Crown Holdings Inc.

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For instance, in November 2019, Closure Systems International launched 38K-DL, a cap for dairy and non-carbonated beverages.

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