Press release
United States Caps and Closure Market Competitive Insights and Precise Outlook 2022 to 2026 - Silgan Closures, Amcor Plc, Closure Systems International, Aptar Group Inc
Market Insights Reports has added new statistical data to its repository titled as, Global United States Caps and Closure Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The United States Caps and Closure market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.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.
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Top Key Players in the Global United States Caps and Closure Market is Albéa S.A., Silgan Closures, Amcor Plc, Closure Systems International, Aptar Group Inc., Bericap Holdings, Berry Global Inc., Coral Products Plc, Crown Holdings Inc., Tetra Pak International Sa, Mjs Packaging, O. Berk Company Llc, and others.
Industry News and Update:
- July 2019 - Aptar Food + Beverage introduced the Karma Beverage Closure. Karma, makers of the Karma Push Cap Technology, and Aptar Food & Beverage division formed a collaborative relationship to provide instant-mix technology to 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, to optimize the potential of the Karma Push Cap by providing opportunities for Karma’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.
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.
United States Caps and Closure Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
Full Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/02082592987/united-states-caps-and-closure-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A28
This Global United States Caps and Closure Market report addresses:
– The Market size from 2016-2021
– Expected market growth until 2026
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place.
Frequently Asked Questions about Global United States Caps and Closure market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
We Also Offer Customization on report based on specific client Requirement:
– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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