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US Caps and Closures Market
US Caps and Closures Market
- Report price : $ 4 700
- Publication date : June 2008
US Caps and Closures Market
US demand to approach 278 billion units by 2012
US demand for caps and closures will increase 5.0 percent annually to $9.7 billion in 2012, representing nearly 278 billion units. Gains will be bolstered by the ongoing shift in the product mix toward such value-added designs as child-resistant closures (CRCs) and dispensing closures, with the latter offering increased convenience and controlled product release in numerous applications. CRC demand will be driven by regulatory requirements issued in 2002 which have expanded the range of products requiring child-resistant packaging. Unit gains will be supported by continuing inroads by closureintensive plastic packaging at the expense of closureless containers like metal cans.
Plastic to remain dominant material utilized
Plastic caps and closures are by far the largest industry segment and will post above-average annual gains through 2012, benefitting from the ongoing supplantation of metal and glass containers by their plastic counterparts in many food and beverage applications. In addition, technological improvements have enabled certain plastic closures to replace metal closures on glass food containers. Moreover, gains will be aided by healthy expansion of synthetic corks in the wine market at the expense of natural corks. Metal cap and closure demand will remain virtually flat as a result of inroads by plastics and declining shipments of beer, the dominant application for metal crowns. However, demand will be fueled by the robust expansion of aluminum beverage bottles, most of which utilize metal closures. Rubber stopper demand will register the fastest gains, spurred by rapid expansion in the pharmaceutical market as a result of growth in the older population segments, which tend to be the heaviest consumers of parenteral and other medications. Demand for paperboard closures will benefit from continued use with premium ice creams.
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