“US Plastic Caps and Closures Market Size: Industry Analysis, Market Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the US plastic caps and closures market based on its segments including type, end use and region. The report comprises the latest trends in the industry and studies their impact on the overall market. It also evaluates the market dynamics by covering the critical demand and price indicators and analyzing the market in accordance with the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Plastic caps and closures are the sealants that are used as the last step of the packaging process. They are frequently employed to shield goods against spoilage, contamination, and other environmental factors. Plastic caps and closures are non-corrosive, lightweight, durable, economical, versatile, resistant to high temperatures, etc. They help preserve the integrity and enhance the appearance and functionality of products. As a result, plastic caps and closures are widely adopted across various industries, such as pharmaceuticals, cosmetics, chemicals, food and beverage (F&B), etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
US Plastic Caps and Closures Industry Trends and Drivers:
The inflating demand for alcoholic drinks, non-carbonated beverages, and packaged water is primarily catalyzing the US plastic caps and closures market. Apart from this, the escalating use of plastic caps and closure in several household goods, including bleaches, toilet cleaners, insect repellents, etc., to increase their shelf life is further bolstering the market growth. Moreover, numerous manufacturers are adopting bioplastics to manufacture caps and closures, owing to the elevating environmental concerns, which is acting as another significant growth-inducing factor. Furthermore, the impelling need for anti-counterfeiting closure that relies on holographic and QR+ technologies to ensure the security of products is anticipated to fuel the US plastic cups and closures market over the forecasted period.
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US Plastic Caps and Closures Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the US plastic caps and closures industry with the leading players profiled in the report.
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