U.S. plastics caps & closures market to reach $10.4 billion by 2016

Published: September 18, 2013 12:28 pm ET
Updated: September 18, 2013 12:30 pm ET

Related to this story

Topics Packaging, Containers/closures

AKRON, OHIO — The U.S. market for plastic caps and closures will post above-average sales increases through 2016 based on the increased use of plastic containers and the expanded use of plastic closures on other container types, according to a new data report.

Market growth will be supported by price increases in materials as well as increased use of value-added dispensing and child-protective closures. It also will be fueled by the growing popularity of single-serving containers, particularly in the beverage market, and more plastic options in areas once dominated by other materials.

Market growth will be supported by price increases in materials as well as increased use of value-added dispensing and child-protective closures. It also will be fueled by the growing popularity of single-serving containers, particularly in the beverage market, and more plastic options in areas once dominated by other materials.

The overall fiscal growth for caps and closures will be moderated by potential resin price increases and additional lightweighting of closures to offset material price increases.

The caps and closures market is growing faster than the broader packaging and plastics markets — the global market has seen 6.5 percent annual growth since 1998, and growth is even higher in emerging markets. World demand for caps and closures is projected to rise to $40 billion in 2014. Beverages will remain the main consumers of caps and closures, but more rapid gains are expected in other markets such as food and pharmaceuticals.

For more information on the Plastics News data report “Plastics Caps & Closures Market Review & Outlook 2014 - North America,” visit www.plasticsnews.com/data, or contact Glenn Glasberg at (330) 865-6161 or gglasberg@crain.com.


Comments

U.S. plastics caps & closures market to reach $10.4 billion by 2016

Published: September 18, 2013 12:28 pm ET
Updated: September 18, 2013 12:30 pm ET

Post Your Comments


Back to story


More stories

Image

Sigma's Packworx center geared at helping customers solve problems

September 29, 2014 3:41 pm ET

Sigma Stretch Film has opened a training center to help customers find the best solution to using the packaging films.    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

England's Essentra buying Abric Berhad

September 26, 2014 11:31 am ET

Packaging firm Essentra plc has announced the planned acquisition of Abric Berhad, a Kuala Lumpur-based manufacturer of security sealing products.    More

Image

Recycling rates continuing to climb for EPS used in transport packaging

September 25, 2014 11:28 am ET

Recycling of the expanded polystyrene used in transport packaging continues to rise, extending what has now been a years-long push even higher.    More

Image

Blow molder wraps up expansion project

September 24, 2014 4:48 pm ET

Blow molder Apex Plastics recently invested $1.5 million in expansion projects for future growth.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events