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Caps & Closures Market in the US
Taiyou Research, Oct 2011, Pages: 70
Caps and closures have become an integral constituent of packaging, offering convenience, enhancing visual appeal, and facilitating brand diversification. The US caps and closures market accounted for $2.70 billion in 2010 and is expected to hit $4.26 billion in 2016. The market continues to evolve led by rising consumer demand for higher protection and freshness standards. The escalating incidence of epidemics such as H1N1 has prompted the greater use of personal care and household cleaning products as well as pharmaceuticals, which, in turn, has ramped up the demand for PC, HIC, and pharmaceutical closures.
Caps and 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, non-durable goods markets do vary in the degree to which economic trends have an impact, with the cap and closure industry benefiting during times of economic expansion and increased consumer spending. Also, demographic factors such as the overall size and age distribution of the resident population and geographical distribution trends are important factors influencing demand.
The move away from metallic caps and closures towards plastic products is presenting new opportunities for designing of innovative caps and closures. A potential area of opportunity lies in the pharmaceutical industry, which continues to rely excessively on glass-based packaging. The key areas of applications basically 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).
Major players profiled in the market include AptarGroup Inc., Bericap GmbH & Co., Berry Plastics Corporation, and Crown Holdings Inc. Plastic caps and closures are increasingly replacing traditional metal closures and accounted for more than 50% of the US market by 2010. The market can be segmented into standardized and customized caps and closures.
In this industry scenario, Taiyou Research analyzes the Caps & Closures Market in the US. The report covers the following:
- A statistical analysis of the US caps & closures industry.
- Analysis of the demand for caps & closures segmented according to products. Segments analyzed include plastic caps & closures, metal caps & closures, and other caps & closures.
- Demand for caps and closures in various market segments are analyzed in the report. Market segments analyzed include food and beverage, pharmaceuticals, and others.
- Industry trends, import/export scenario, product developments in the industry, regulatory framework, and the industry structure are analyzed.
- Major players are analyzed in this report through a company overview, analysis of business segments, presence in the market, and a SWOT analysis.
- Industry forecast for the US caps & closures market includes a forecast for all the segments, that is, plastic caps & closures, metal caps & closures, and other caps & closures. Demand forecast for the markets analyzed (food and beverage, pharmaceuticals, and others) is also included.
Taiyou Research's report on the Caps & Closures Market in the US is a comprehensive research offering on the industry.
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