Published by Coherent Market Insights
Posted on September 17, 2021
Caps and closures are used to seal or close the container such as a bottle, jar, can, and tube. They are widely used across the beverage industry to package the non-carbonated drink in order to prevent the entry of any foreign particles. They provide barrier to moisture, dust, and oxygen, in turn, keep the product fresh and also enhance the shelf-life of the product. Caps and closures are produced from different materials such as rubber, plastic, metals, and paperboard. Moreover, they are also beneficial for packaging of beverage in order to preserve the flavor and taste in the food &beverage industry. Bottled water, fruit beverages, ready to drink (tea & coffee, and sports beverages are some of the major application of caps and closure in beverage
U.S. caps & closures market is estimated to account for US$ 3,209.9 Mn in terms of value and 117,506 Mn Units in terms of volume by the end of 2020.
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Drivers:
Rising demand for single-serve beverages coupled with the hot fill process which increase the shelf-life of the packaged beverage is expected to fuel the growth of the U.S caps and closures market. The growing popularity of the hot-fill side in the closure business especially in the ready-to-drink segment is projected to augment the market growth over the forecast timeframe.
Growing demand for sports drink in the U.S. country due to the increasing number of health-conscious consumer in the region is expected to accelerate market growth. For instance, in May 2016 – BioSteel Sports Nutrition Inc. has introduced it’s highly sought after High Performance Sports Mix in a Ready-to-Drink format (‘BioSteel Sports Drink’) in the United States. The new drink is sugar-free, gluten free, vegan and diabetic friendly.
Market Restraints
According to the Coherent Market Insights analysis, the processors in the U.S. are shifting from using compressed molding, PE-based two-piece closure to injected molded, HDPE one-piece closures which are also lightweight. However, this switch from a two-piece to a one-piece closure involves changing material and the complete manufacturing process. This could be challenging because of the lack of awareness regarding PE in closure applications. Moreover, this transition would also impact the overall supply chain in the industry. This is expected to hinder the growth of the U.S. caps and closure market.
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Market Trends/Key Takeaways
Injection molding is gaining traction in the market as it offers improved consistency due to its ability to obtain tighter part tolerances on the complex structure. It is also useful for easily changing size and uptime efficiency during the production of caps and closure. Thus, the rising popularity of injection molding in the production of caps and closure is expected to favor market growth over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post U.S. Caps & Closures Market to Surpass US$ 4504.2 Million by 2027 appeared first on Gatorledger.
Caps and closures are used to seal or close the container such as a bottle, jar, can, and tube. They are widely used across the beverage industry to package the non-carbonated drink in order to prevent the entry of any foreign particles. They provide barrier to moisture, dust, and oxygen, in turn, keep the product fresh and also enhance the shelf-life of the product. Caps and closures are produced from different materials such as rubber, plastic, metals, and paperboard. Moreover, they are also beneficial for packaging of beverage in order to preserve the flavor and taste in the food &beverage industry. Bottled water, fruit beverages, ready to drink (tea & coffee, and sports beverages are some of the major application of caps and closure in beverage
U.S. caps & closures market is estimated to account for US$ 3,209.9 Mn in terms of value and 117,506 Mn Units in terms of volume by the end of 2020.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3847
Drivers:
Rising demand for single-serve beverages coupled with the hot fill process which increase the shelf-life of the packaged beverage is expected to fuel the growth of the U.S caps and closures market. The growing popularity of the hot-fill side in the closure business especially in the ready-to-drink segment is projected to augment the market growth over the forecast timeframe.
Growing demand for sports drink in the U.S. country due to the increasing number of health-conscious consumer in the region is expected to accelerate market growth. For instance, in May 2016 – BioSteel Sports Nutrition Inc. has introduced it’s highly sought after High Performance Sports Mix in a Ready-to-Drink format (‘BioSteel Sports Drink’) in the United States. The new drink is sugar-free, gluten free, vegan and diabetic friendly.
Market Restraints
According to the Coherent Market Insights analysis, the processors in the U.S. are shifting from using compressed molding, PE-based two-piece closure to injected molded, HDPE one-piece closures which are also lightweight. However, this switch from a two-piece to a one-piece closure involves changing material and the complete manufacturing process. This could be challenging because of the lack of awareness regarding PE in closure applications. Moreover, this transition would also impact the overall supply chain in the industry. This is expected to hinder the growth of the U.S. caps and closure market.
Buy Now Premium Report to Grow your Business: https://www.coherentmarketinsights.com/insight/buy-now/3847
Market Trends/Key Takeaways
Injection molding is gaining traction in the market as it offers improved consistency due to its ability to obtain tighter part tolerances on the complex structure. It is also useful for easily changing size and uptime efficiency during the production of caps and closure. Thus, the rising popularity of injection molding in the production of caps and closure is expected to favor market growth over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post U.S. Caps & Closures Market to Surpass US$ 4504.2 Million by 2027 appeared first on Gatorledger.
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