Caps & Closures
Growth in the US caps and closures market will total 3.9% annually through 2020 in value terms. Gains will be driven by the use of value-added products that offer advantages such as tamper prevention, easy dispensing, or traceability. Advances will also be supported by the introduction of closures on pouches and cartons.
This report segments the cap and closure industry by Material, Product, and Market. Data is provided in million US dollars and billion units.
Materials used in the cap and closure industry include:
• Rubber & Elastomer
Plastic saw the greatest use in 2015 and will post healthy gains through 2020 based on the versatility and low cost of products using this material. Demand for caps and closures using metal will grow at a slower than average pace based on the shrinking market for glass containers and an unfavorable outlook for beer production.
Cap and closure products include:
• Plastic and Metal Threaded Caps
• Dispensing Closures (including aerosol types)
• Synthetic & Natural Corks
• Child-Resistant Caps
• Screw & Lug Caps
• Elastomer & Rubber Stoppers
Plastic threaded caps will remain the largest of these through 2020. Strong growth is expected for dispensing closures, driven by consumer preference for containers that are easy to use, especially on-the-go.
Major cap and closure markets include:
• Cosmetics & Toiletries
• Household Chemicals
• Automotive Chemicals
Beverages was the leading outlet in 2015. The most rapid gains through 2020 are forecast for the pharmaceuticals market, fueled by federal regulations that require the use of higher value tamper-proof closures.
The US cap and closure market encompasses upwards of 200 companies, ranging from global packaging concerns to injection molders that also produce non-packaging products. Participants in this industry include AptarGroup, Berry Plastics, BERICAP, Crown, Mold-Rite Plastics, Reynolds Group, RPC Group, Silgan, and West Rock.