United States Caps & Closures Market Insights Forecasts to 2033

• The United States Caps & Closures Market Size was valued at USD 12.1 Billion in 2023.
• The Market Size is Growing at a CAGR of 4.9% from 2023 to 2033.
• The United States Caps & Closures Market Size is Expected to Reach USD 19.6 Billion by 2033.

The United States Caps & Closures Market Size is expected to reach USD 19.6 Billion by 2033, at a CAGR of 4.9% during the forecast period 2023 to 2033.

Market Overview

Caps & closures are the components that seal and secure containers like bottles, jars, and tubes. They are intended to provide a tight and secure seal, protecting the contents of the container from air, moisture, and other contaminants. Caps & closures come in a variety of shapes and sizes. They can be made of plastic, metal, rubber, cork, or other materials based on the requirements and applications. They are an important packaging component for a variety of industries, including food and beverage, pharmaceuticals, cosmetics, and household goods. Caps & closures extend the product's shelf life, allowing brands to maintain product quality and value in the marketplace. The United States market is being driven by rising demand for convenient packaging solutions and eco-friendly packaging options. Plastic caps & closures are the most popular because they are simple to use, long-lasting, and inexpensive. The rising sustainability trend will provide lucrative opportunities for U.S caps & closures market growth during the forecast period.

Report Coverage

This research report categorizes the market for the United States caps & closures market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States caps & closures market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States caps & closures market.

Driving Factors

Rising demand for caps and closures is closely related to urbanization. Urban consumers prefer convenient, on-the-go packaging solutions for food and beverage products. Caps & closures play an important role in providing convenience by making products easy to open and close and preventing spillage. They are lightweight, recyclable, and tamper-proof, with excellent barrier properties, UV protection, and chemical resistance. They also provide easy handling for consumers and are cost-effective for businesses due to their low manufacturing costs and mass-production capability. Also, caps and closures provide an airtight seal that prevents bacteria from entering the product and keeps it fresh for longer. They address the growing concern about the safety and hygiene of food and beverage products by preventing spoilage. Manufacturers also provide various customization options that are better suited to the product, which helps them retain customers and grow United States caps & closures market during the forecast period.

Restraining Factors

Flexible packaging alternatives such as pouches, blisters, and others provide several advantages, including flexibility, lightweight, and cost-effectiveness, which may be more appealing to some consumers. These adaptable packaging solutions can provide distinctive branding, such as shaped pouches and blisters with custom graphics, allowing brands to stand out and improve brand recognition. Rigid packaging solutions cost more to manufacture and transport than flexible packaging solutions. The time-consuming and labor-intensive process of designing customized products, as opposed to alternative packaging solutions, this may hamper caps & closure market in United States.

Market Segment

• In 2023, the plastic segment accounted for the largest revenue share over the forecast period.

Based on the material, the United States caps & closures market is segmented into plastic, metal, and others. Among these, the plastic segment has the largest revenue share over the forecast period. Plastic caps and closures have long held a dominant position in the market owing to their versatility, cost-effectiveness, and adaptability to a wide range of packaging applications. The plastic segment includes a wide range of materials such as polyethylene, polypropylene, PET, and others, giving manufacturers the flexibility to meet a variety of industry needs. Plastic closures are popular in industries such as food and beverages, pharmaceuticals, and personal care because of their lightweight nature, durability, and ability to accommodate innovative designs. Consumer preferences for convenient and resealable packaging solutions help to drive the popularity of plastic closures. These factors driving segmental growth during the forecast period.

• In 2023, the screw caps segment accounted for the largest revenue share over the forecast period.

Based on the product type, the United States caps & closures market is segmented into tethered caps, push/pull caps, screw caps, and others. Among these, the screw caps segment has the largest revenue share over the forecast period. Screw caps provide a versatile and dependable closure solution for a variety of industries, including food and beverage, pharmaceuticals, and personal care. Screw caps' dominance can be attributed to their user-friendly design, secure sealing properties, and ease of application, which make them suitable for a wide range of packaging formats. The threaded closure mechanism provides a tight seal, preserving product freshness and integrity, which is especially important in industries that require airtight packaging. Screw caps also meet consumer preferences for resealable packaging, which improves convenience and reduces product waste.

• In 2023, the food & beverages segment accounted for the largest revenue share over the forecast period.

Based on the end use industry, the United States caps & closures market is segmented into food & beverages, pharmaceutical, consumer goods, personal care & cosmetics, and others. Among these, the food & beverages segment has the largest revenue share over the forecast period. The food & beverage industry has long been a major consumer of caps and closures due to the diverse packaging requirements of a wide range of products, including beverages, sauces, condiments, and packaged foods. In this sector, consumer convenience, product freshness, and regulatory requirements for secure packaging all drive demand for caps and closures. Screw caps, flip-tops, and dispensing closures are widely used in the food and beverage industry to meet specific packaging needs, such as maintaining product integrity, ease of dispensing, and preventing spillage.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States caps & closures market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Berry Global, Inc.
• Silgan Holdings Inc.
• Crown Holdings, Inc.
• AptarGroup, Inc.
• Amcor plc
• Closure Systems International, Inc.
• Berlin Packaging
• O.Berk Company
• Global Closure Systems
• Phoenix Closures, Inc.
• Weatherchem Corporation
• United Caps
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In October 2023, QualityCaps Co., a major player in the caps and closures industry, has launched a customization platform that allows brands to create bespoke closures that are consistent with their unique identity. The platform provides a variety of color options, branding elements, and design features, enabling brands to stand out on the retail shelf. QualityCaps Co.'s emphasis on customization reflects the industry's recognition of the importance of packaging in brand recognition and consumer loyalty, while also catering to the diverse needs of clients in the US Caps & Closures Market.

Market Segment

This study forecasts country revenue from 2020 to 2033. Spherical Insights has segmented the United States caps & closures market based on the below-mentioned segments:

United States Caps & Closures Market, By Material

• Plastic
• Metal
• Others

United States Caps & Closures Market, By Product Type

• Tethered Caps
• Push/Pull Caps
• Screw Caps
• Others

United States Caps & Closures Market, By End Use Industry

• Food & Beverages
• Pharmaceutical
• Consumer Goods
• Personal Care & Cosmetics
• Others