United States Plastic Caps and Closure Market Business Scope, Drivers and Growth Opportunities by 2028
IMARC Group has recently released a new research study titled “United States Plastic Caps and Closure Market report by Product Type (Screw-On Caps, Dispensing Caps, Others), Raw Material (PET, PP, HDPE, LDPE, and Others), Container Type (Plastic, Glass, and Others), Technology (Injection Molding, Compression Molding, Post-Mold Tamper-Evident Band), End Use (Beverages, Industrial Chemicals, Food, Cosmetics, Household Chemicals, Pharmaceuticals, and Others), and Region 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the United States plastic caps and closure market?
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 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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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