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

Acquisition expands Rieke Packaging's stake in Asia

July 28, 2014 4:39 pm ET

Diversified rigid packaging components producer Rieke Packaging Systems now has a bigger footprint in Asia.    More

Image

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of...    More

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events