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US Caps and Closures Market
SEATTLE, UNITED STATES, November 19, 2021 /EINPresswire.com / -- Caps and closures are the plastic caps and closures that go on top of bottles, jars, tubes, cans, and other containers. Screw top, crown cap, snap on, friction fit, tamper evident, and dispersing are some of the different types of caps and closures available. Caps and closures are used in a variety of industries, including beverages, cosmetics, chemicals, and pharmaceuticals. Caps and closures must be made of a material that has a good balance of stiffness and toughness, as well as chemical resistance. In general, lightweight, high-toughness caps and closures are favoured in the market.
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Key companies covered as a part of this study includes, Closure Systems International, Inc., Silgan Plastic Closure Solutions, Bericap GmbH and Co KG, Global Closure Systems, AptarGroup, Inc., Berry Plastics Group, Inc., Amcor Limited, O.Berk Company, LLC, Blackhawk Molding Co. Inc., and Tecnocap S.p.A.
U.S. caps & closures market is estimated to account for US$ 3,209.9 Mn in terms of value and 117,506Mn Units in terms of volume by the end of 2020.
Opportunity
Increased penetration of smaller brands in the US beverage sector, presenting a potential opportunity for the caps and closures market. According to a Coherent Market Insights report, the largest brands in the US beverage market are expected to hold a 58 percent value share in 2016. As a result of the cumulative growth impact and ever-increasing penetration of smaller brands, the share of larger brands is expected to fall even more.
Market Trends
Beverage closure producers are searching for suppliers who can give them with a comprehensive system that includes a machine, a hot runner, and a temperature controller, as well as complete melt stream management. The entire system can be used to make high-quality parts, lightweight closures, increase yields, reduce scrap waste, and achieve tighter tolerances. Thus, this trend is expected to accelerate market growth.
Market Restraints
Processors in the United States are switching from compressed moulding, PE-based two-piece closures to injected moulded, HDPE one-piece closures, which are likewise lightweight, according to the Coherent Market Insights report. This transition from a two-piece to a one-piece closure, however, necessitates a change in material and the entire production process.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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