IMARC Group, a leading market research company, has recently releases report titled “United States Plastic Caps and Closure Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States plastic caps and closure market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How is the United States plastic caps and closure market growing?
The United States plastic caps and closure market size reached US$ 9,066 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 12,080 Million by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
What is plastic caps and closure?
Plastic caps and closure refer to the sealants used as final components of the custom packaging process. They are widely used to protect products from contamination, spoilage, and other environmental factors. Plastic caps and closure are durable, non-corrosive, lightweight, economical, versatile, resistant to high temperatures, etc. They help in maintaining integrity and improving the aesthetics and functionality of products. Plastic caps and closure find extensive applications across several industries, including cosmetics, chemicals, pharmaceuticals, food and beverage (F&B), etc.
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What are the growth prospects and trends in the United States plastic caps and closure industry?
The rising demand for non-carbonated beverages, alcoholic drinks, and packaged water, is driving the plastic caps and closure market across the U.S. Furthermore, the growing utilization of plastic caps and closure in numerous household goods, such as toilet cleaners, bleaches, insect repellents, etc., to extend their shelf life is contributing to the market growth.
In addition to this, with increasing environmental concerns, numerous manufacturers are adopting bioplastics to produce caps and closures, which represents another growth-inducing factor. Besides this, they are also using differentiated products to foster brand recognition, which is further augmenting the growth of the market. Additionally, the escalating need for anti-counterfeiting closure to ensure the security of products is projected to cater to the United States plastic cups and closure market in the coming years.
Key Market Segmentation:
The report has segmented the united states plastic caps and closure market on the basis of product type, raw material, container type, technology, end use and region.
Breakup by Product Type:
- Screw-On Caps
- Dispensing Caps
- Others
Breakup by Raw Material:
- PET
- PP
- HDPE
- LDPE
- Others
Breakup by Container Type:
- Plastic
- Glass
- Others
Breakup by Technology:
- Injection Molding
- Compression Molding
- Post-Mold Tamper-Evident Band
Breakup by End Use:
- Beverages
- Industrial Chemicals
- Food
- Cosmetics
- Household Chemicals
- Pharmaceuticals
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Explore Full Report Description At: https://www.imarcgroup.com/united-states-plastic-caps-closure-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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