United States Caps Market Analysis 2019-2028
Manufacturers of end-use products usually use different types of containers, such as bottles, cans, jars and others, for packaging their products. This is done primarily to keep the product safe, enhance its shelf life and to lower the contamination, in case of a food product. Hence, the manufacturers of these products increasingly prefer the use of caps and closures to seal the containers that are used for packaging of the end use products. The United States caps market is projected to grow with a CAGR of 4.4% during the forecast period, i.e., 2020-2028. Factors such as the increasing investments by organizations for the development of advanced caps and closures, introduction of several new caps and closures that helps companies to enhance their credibility and brand value, followed by the rising demand for caps and closures from the end-user industries are anticipated to promote the market growth. Additionally, factors such as the increasing consumption of packaged food & beverages in the United States, which is also raising the need for caps and closures amongst the manufacturers of the food and beverages, coupled with the rising innovation in caps and closure technologies, backed by the increasing need for innovative packaging solutions for packaging products such as on-the-go food products or liquid breakfast products, are anticipated to drive the market growth.
The United States caps market consists of segments that are segmented by material, size, type, and by end-user. The type segment is further divided into child resistant closures, dispensing caps, liquid cartoon closures, plastic lotion pumps, screw & lug cans, cap ends, crown caps, corks, glass stopper, rubber stoppers, and others, out of which, the screw & lug cans segment is anticipated to grab the largest market share of around 37% by 2028, backed by the rising penetration of lug cans in the food and beverages sector in the United States. The market is also segmented by end-user into cosmetics & toiletries, food industry, healthcare, chemicals, automotive, beverages industry, and others. Out of these segments, the beverages industry segment is anticipated to grow with a CAGR of around 4% during the forecast period owing to the rising consumption of bottled beverages in the nation. With the increasing population in the United States, there is growing demand for premium drinks and bottled water, which is contributing to the growing consumption of bottled beverages in the country.
Some of the affluent leaders in the United States cap market are United Caps Luxembourg S.A., Silgan Holdings Inc., BERICAP SC LLC (BERICAP Holding GmbH), Closure Systems International, Berry Global Inc., Crown Holdings, Inc., Enercon Industries Corporation, and CL Smith.
Manufacturers of end-use products usually use different types of containers, such as bottles, cans, jars and others, for packaging their products. This is done primarily to keep the product safe, enhance its shelf life and to lower the contamination, in case of a food product. Hence, the manufacturers of these products increasingly prefer the use of caps and closures to seal the containers that are used for packaging of the end use products. The United States caps market is projected to grow with a CAGR of 4.4% during the forecast period, i.e., 2020-2028. Factors such as the increasing investments by organizations for the development of advanced caps and closures, introduction of several new caps and closures that helps companies to enhance their credibility and brand value, followed by the rising demand for caps and closures from the end-user industries are anticipated to promote the market growth. Additionally, factors such as the increasing consumption of packaged food & beverages in the United States, which is also raising the need for caps and closures amongst the manufacturers of the food and beverages, coupled with the rising innovation in caps and closure technologies, backed by the increasing need for innovative packaging solutions for packaging products such as on-the-go food products or liquid breakfast products, are anticipated to drive the market growth.
The United States caps market consists of segments that are segmented by material, size, type, and by end-user. The type segment is further divided into child resistant closures, dispensing caps, liquid cartoon closures, plastic lotion pumps, screw & lug cans, cap ends, crown caps, corks, glass stopper, rubber stoppers, and others, out of which, the screw & lug cans segment is anticipated to grab the largest market share of around 37% by 2028, backed by the rising penetration of lug cans in the food and beverages sector in the United States. The market is also segmented by end-user into cosmetics & toiletries, food industry, healthcare, chemicals, automotive, beverages industry, and others. Out of these segments, the beverages industry segment is anticipated to grow with a CAGR of around 4% during the forecast period owing to the rising consumption of bottled beverages in the nation. With the increasing population in the United States, there is growing demand for premium drinks and bottled water, which is contributing to the growing consumption of bottled beverages in the country.
Some of the affluent leaders in the United States cap market are United Caps Luxembourg S.A., Silgan Holdings Inc., BERICAP SC LLC (BERICAP Holding GmbH), Closure Systems International, Berry Global Inc., Crown Holdings, Inc., Enercon Industries Corporation, and CL Smith.
Table of Contents
United States Caps Market3. Executive Summary - U.S. Caps Market5. Value Chain Analysis6. End User Analysis7. Manufacturing Analysis8. Impact of COVID-19 on the U.S. Caps Market9. Price Trend Analysis10. Buyer’s Outlook11. Product Portfolio Comparative Analysis
1. Introduction
2. Research Methodology
4. Analysis of Market Dynamics
12. U.S. Caps Market Outlook
Companies Mentioned
- United Caps Luxembourg S.A.
- Silgan Holdings Inc.
- BERICAP SC LLC (BERICAP Holding GmbH)
- Closure Systems International
- Berry Global Inc.
- Crown Holdings Inc.
- Enercon Industries Corporation
- CL Smith
