openPR Logo
Press release

Caps & Closures Market Outlook Report 2024

11-30-2017 12:38 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports

The five leading players in the U.S. caps and closures for non-carbonated beverages market held a share of around 55% in the market in 2016, based on value, states Transparency Market Research (TMR) in a research report. Some of the leading companies operating in the market Bericap GmbH and Co KG, AptarGroup, Inc., Closure Systems International, Inc., and Silgan Plastic Closure Solutions have gained their leads in the market through extensive development strategies and high asset use in advancement and the establishment of more noteworthy number of assembling offices the nation over. While there is as yet a not too bad bit of the U.S. closures and caps market for non-carbonated beverages that has a place with restricted substances, bigger makers in the beverage industry are more mindful of the brand nature of the pioneers, along these lines putting more confidence in their items. The competition in this market is likely to intensify over time with market leaders expanding their reach throughout the country through long-term contracts. The small sized vendors have the benefit of adapting to novel technologies earlier while the large vendors wrestle with extensive switching costs.

Read Report Overview @
https://www.transparencymarketresearch.com/us-caps-closures-market.html

According to a TMR analyst, “The U.S. market for caps and closures for non-carbonated beverages is anticipated to register a 4.3% CAGR from 2016 to 2024. In 2016, the market was valued at US$2.64 bn and is likely to touch a valuation of US$3.82 bn by the end of 2024.” Based on application, the segment of bottled water led the U.S. market for caps and closures for non-carbonated beverages in 2016 and is likely to continue leading the market over the forecast period with a 6.1% CAGR.

Rising Demand for Single-serve Beverage to Aid in Market Growth

"One of the main variables adding to the current rise in the U.S. closures and caps market for non-carbonated beverages is the developing interest for single-serve drinks. The requirement for particular tops and terminations that supplement the much touted hot fill process that can build the timeframe of realistic usability of various refreshment sorts. Moreover, the general interest for convenience beverages and food is expanding at an over the top rate over the U.S., with an ever increasing number of shoppers inclining towards nourishments that are nutritious and additionally simple to eat. The U.S. closures and caps market for non-carbonated beverages fits consummately into this developing specialty and will keep on benefitting from this expanding request over the not so distant," states a TMR investigator.

Different components driving the U.S. caps and closures market for non-carbonated beverages incorporate the expanding support created via regular refreshments and the occasionally expanding interest for frosty or hot refreshments, and the expanding acknowledgment of current refreshments by bigger socioeconomics and gatherings of people.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19097

Switching Costs to Impact Player Motivation

One of the key issues that a great deal of producers in the U.S. caps and closures for non-carbonated beverages are confronting right now, is the cost for changing from current innovations to more up to date ones. This includes transforming from the polyethylene-based two-piece conclusion that utilizations compacted trim to the more up to date, HDPE one piece terminations that need infused shaping. The switch includes a great deal of costs and in addition a more elevated amount of mindfulness about conclusion applications for PE when contrasted with the PP. The whole circulation anchor needs to consider the change to one piece closures from two piece closures as the last is not as obliging about the assembling inadequacies in bottles.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Caps & Closures Market Outlook Report 2024 here

News-ID: 839688 • Views: 193

More Releases from Transparency Market Research Reports

Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon
PE BLOW MOLDED PRODUCTS MARKET TO REACH A VALUATION OF ~US$ 8 BN BY 2027: TRANSP …
PE Blow Molded Products Market: Introduction In terms of value, the PE blow molded products market is anticipated to expand at a CAGR of ~5% from 2019 to 2027 PE blow molded products are generally containers, drums, or other rigid packaging materials manufactured through the blow molding process of polyethylene polymers such as HDPE, LDPE, and LLDPE The HDPE material segment accounted for a major share of the PE blow molded products market

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Subsea Boosting Systems Market Analysis : TMR
Due to a limited number of manufacturers of subsea boosting systems, the degree of competition in the global subsea boosting systems market is expected to substantially increase, reports Transparency Market Research (TMR) in a new study. The leading manufacturers of subsea boosting systems are focusing on pricing strategies to attract consumers and maintain their leading position in the industry. The top three companies, FMC Technologies, OneSubsea, and GE Oil &
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the