Offering convenience, enhancing visual appeal, and facilitating brand diversification, caps and closures are an integral component of packaging. The U.S. caps and closures market accounted for $2.70 billion in 2010 and is expected to hit $4.26 billion in 2016, according theCaps & Closures Market in the U.S.report offered by Research and Markets. The market continues to evolve led by rising consumer demand for higher protection and freshness standards.
closures can be defined by the materials from which they are produced,
including plastic, metal, rubber, paperboard and cork. Plastic products
dominated cap and closure demand overall. However, despite their overall
noncyclicality, the cap and closure industry benefits during times of economic
expansion and increased consumer spending.
away from metallic caps and closures towards plastic products is presenting new
opportunities for designing of innovative caps and closures. The key areas of
applications are beverage, food, personal care, pharmaceuticals, household and
industrial chemicals (HIC), automotive, tamper evident (TE), continuous thread
(CT), dispensing, dispensing pump/system, and child resistant (CR). A potential
area of opportunity lies in the pharmaceutical industry, which continues to
rely excessively on glass-based packaging.
U.S. Caps and Closures market to hit $4.26 billion in 2016
October 26, 2011