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

RPC expansion provides the space needed for continued growth

September 22, 2014 11:46 am ET

MORGANTOWN, PA. — Success, over time, created a challenge for RPC Bramlage-Wiko USA Inc. in this rural Eastern Pennsylvania town....    More

Image

Consumers want more function, less waste from their caps

September 22, 2014 11:35 am ET

In our daily lives, we always want more from the products we use, and dispensing taps and fitments can be a key part of that equation.    More

Image

NY packaging company aims for zero waste

September 16, 2014 1:36 pm ET

Plastic folding carton maker Diamond Packaging is no longer sending any manufacturing waste to landfills.    More

Image

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized...    More

Image

Here's a peek behind our 2014 film & sheet ranking

September 15, 2014 1:22 pm ET

Today Plastics News publishes its annual ranking of North American Film and Sheet Manufacturers. Let's look at some interesting numbers behind the ran...    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events