North America Plastic Caps and Closures Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 8.26 Billion |
| Market Size (2029) | USD 10.45 Billion |
| CAGR (2024 - 2029) | 4.82 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Plastic Caps And Closures Market Analysis
The North America Plastic Caps And Closures Market size is estimated at USD 8.26 billion in 2024, and is expected to reach USD 10.45 billion by 2029, growing at a CAGR of 4.82% during the forecast period (2024-2029).
- Plastic caps and closures are a sealing option for various containers to ensure safety and integrity. Plastic caps and closures are made from solid and durable polymers, including polypropylene (PP) and polyethylene (PE). Various end-user industries commonly use plastic caps and closures, such as food and beverages (F&B), pharmaceuticals, cosmetics, and household cleaning products. Industries rely heavily on plastic caps and closures, providing a cost-effective sealing solution.
- The demand for packaged beverages and pharmaceutical drugs has been increasing enormously. In addition, the rising demand for bottled water from customers in the United States drives the demand for plastic caps and closures. Due to these, water bottles can be easily sealed, resulting in no spills and easy transportation. The growing safety issues and awareness of water contamination are driving up bottled water demand, which is expected to continue during the forecast period.
- Caps and closures are imperative for the packaging industry, which is the primary driving force for the market's growth. The development of child-resistant plastic closures has gained attraction in the pharmaceutical and other end-user industries. The child-resistant closure also adheres to the US Consumer Product Safety Commission (CPSC) and the US Environmental Protection Agency (EPA) regulations for specific product packaging.
- Besides this, several states and cities are implementing strict regulations against using single-use plastic, one of the major factors restricting the plastic caps and closures market. With the growing awareness, consumers are focusing on eco-friendly packaging options to find a replacement for single-use plastic products.
- Plastic caps and closure manufacturers are now focusing on developing caps and closures made from recycled content to overcome the sustainability challenge. For instance, in October 2023, Berry Global Inc., a United States-based critical plastic packaging company, introduced a lightweight tube closure that combines cutting-edge design and material flexibility with greenhouse gas reduction. These closures are produced from PE, PP, or RPE (recycled food-grade post-consumer recycled plastic) from Berry's internal closed-loop recycling process CleanStream. These options allow brand owners to combine closure and tube material to create a mono-material pack for easy recycling.
North America Plastic Caps And Closures Market Trends
Polyethylene Terephthalate (PET) is Expected to Witness Significant Growth
- Polyethylene terephthalate (PET) offers strong resistance to water vapor, gases, dilute acids, oils, and alcohol, which makes it a popular choice for food and beverage packaging. PET is also resistant and easy to recycle. Around 1 million plastic bottles are sold in the United States every minute, according to Earth Day Organizers. An average American consumes 167 disposable plastic bottles of water per year. Due to the demand for packaged drinking water in the region, there is a growing demand for plastic caps and closures, mainly PET.
- Most soft drinks are packaged in polyethylene terephthalate (PET) bottles, as PET is good at retaining CO2. PET packaging is also used in other beverage sectors such as fruit juice, sports drinks, salad oils, cooking oil, and others.
- The rising health and wellness trend, owing to the growing obese population and diabetics in various countries, such as Canada, is projected to aid the demand for healthy drinks, ultimately impacting the plastic caps and closures market.
- With this growing trend of recyclability, food and drink companies, such as Nestle, focus on increasing recycled PET content for all its products between 2020 and 2025 to achieve sustainability goals. In contrast to PET, most plastics are difficult to recycle for food packaging, making PET a significant food-grade recycled plastic. Thus, the potential adoption of recycled PET by various end-user industries will likely increase the demand for plastic caps and closures.
- PET is a widely used material for beverage packaging, including alcoholic beverages like wine, spirits, and beer. The rise in volume sales of spirits in the United States is expected to aid in the growth of plastic caps and closure. According to the Distilled Spirits Council of the United States, the sales volume reached 308.8 (9-liter Cases) million in 2023, with a rise of 1.2% from the previous year. PET caps and closures are well-suited for these PET bottles, providing a secure and reliable sealing solution. As the use of PET bottles increases in the online grocery sector, so does the need for compatible closures.
Beverage Segment is Expected to Hold a Major Share
- The North American beverage market is growing with the increasing consumption of wines, beer, and other beverages. The packaging components and materials add value to the product through product differentiation. The United States is the top consumer of wine, with a 15% global share.
- Bottled water companies mainly use plastic containers to package their products. Plastic containers account for around 97.3% of the bottled water market, according to the International Bottled Water Association (IBWA). Plastic bottled water containers are made using polyethylene terephthalate (PET), high-density polyethylene (HDPE), and polycarbonate (PC) plastics. PET accounts for around 78.8% of the share of plastic water bottles, followed by PC 12%, and HDPE 9.2%. This shows the increasing acceptance of plastic caps and closures for the bottled water sector.
- The usage of plastic bottles surged in the carbonated soft drinks (CSD) sector, which has reached saturation in the North American region. Pepsi, Coca-Cola, and Keurig Dr Pepper have reported flat sales from their carbonated soft drink division in North America. As per the estimates made by Coca-Cola in its annual report, these three companies hold a market share of more than 80% in the North American market. Thus, the demand for plastic bottles for CSD drinks is expected to drive the growth of the North American region's plastic caps and closure market.
- Various players focus on building manufacturing facilities in the United States to increase productivity. For instance, Switzerland-based Corvaglia Group opened a new manufacturing facility in the United States. The company offers lightweight, one-piece plastic caps and closures to the global beverage industry.
- According to the US Census Bureau, in 2023, annual sales of retail food and beverage stores in the United States reached approximately USD 985 billion compared to 2017, which was USD 728.8 billion. As the consumption of beverages increases, particularly bottled water, soft drinks, juices, and alcoholic beverages, there is a corresponding rise in the demand for beverage packaging solutions.
- Plastic caps and closures are essential to beverage packaging, ensuring product integrity, freshness, and safety. The growing demand for bottled beverages drives the growth of the beverage plastic caps and closures market.
North America Plastic Caps And Closures Industry Overview
The North American caps and closures market is fragmented, where a sustainable competitive advantage can be gained through design, technology, and application innovation. The market penetration levels have grown significantly over the last decade, aided by the growing demand from the region's food, beverage, and pharmaceutical industries.
- In April 2024, Berry Global Inc. announced the launch of new lightweight closures for the protein powder market. The new closure offered by the company is a part of the company’s B Circular Range of packaging and product solutions. The new closure will help the neutraceutical brands meet their sustainability goals by reducing their carbon footprints.
North America Plastic Caps And Closures Market Leaders
Silgan Holdings Inc.
Closure Systems International Inc.
Berry Global Inc.
Amcor Group GmbH
BERICAP Holding GmbH
*Disclaimer: Major Players sorted in no particular order
North America Plastic Caps And Closures Market News
- April 2024: AptarGroup Inc. launched a fully recyclable and lockable disc top closure for beauty and personal care brands. The closure is made from polyethylene (PE) and can be paired with a PE or PET bottle. It is also suitable for e-commerce packaging as it is an integrated locking/unlocking ring that firmly secures the contents of the bottle.
- July 2023: H. J. Heinz Company, the global company based in the United States, announced the launch of an all-new Heinz Tomato Ketchup squeeze bottle with a monomaterial plastic cap. This “world’s first” 100% recyclable cap is part of the company’s goal to make all its packaging recyclable, reusable, or compostable by 2025.
North America Plastic Caps & Closures Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of Geopolitical Scenario on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Demand for Bottled Beverage Drive the Demand for Plastic Caps and Closures
5.1.2 Increased Demand for Innovative Solutions from Different End Users
5.2 Market Restraints
5.2.1 Stringent Regulation on Manufacturers Pertaining to Environmental Degradation
5.2.2 Lightweight snd Cost-effective Stand-up Pouch Packaging Alternatives
6. MARKET SEGMENTATION
6.1 By Material
6.1.1 Polyethylene (PE)
6.1.2 Polyethylene Terephthalate (PET)
6.1.3 Polypropylene (PP)
6.1.4 Other Types of Materials
6.2 By Type
6.2.1 Threaded
6.2.2 Dispensing
6.2.3 Unthreaded
6.2.4 Child-resistant
6.3 By End-user Industry
6.3.1 Beverage
6.3.1.1 Bottled Water
6.3.1.2 Soft Drink
6.3.1.3 Spirits
6.3.1.4 Other Beverages
6.3.2 Food
6.3.3 Pharmaceutical and Healthcare
6.3.4 Cosmetics and Toiletries
6.3.5 Household Chemicals (Detergents, Cleaners, Soaps, and Polishes)
6.3.6 Other End-User Industries
6.4 By Country
6.4.1 United States
6.4.2 Canada
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Silgan Holdings Inc.
7.1.2 Amcor Group GmbH
7.1.3 Closure Systems International Inc.
7.1.4 AptarGroup Inc.
7.1.5 Trimas Corporation
7.1.6 Guala Closures SpA
7.1.7 Berry Global Inc.
7.1.8 Tetra Pak Group
7.1.9 O.Berk Company LLC
7.1.10 BERICAP Holding GmbH
7.1.11 Pano Cap Canada Ltd
7.1.12 Erie Molded Plastics Inc.
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
North America Plastic Caps And Closures Industry Segmentation
Plastic caps and closures are crucial in the packaging business. They are used to seal many containers, such as bottles, jars, and tubes. These closures serve various purposes, including keeping products fresh, avoiding leaking, ensuring tamper evidence, and making it easier for consumers. The study tracks the consumption trends of plastic-based caps and closures in North America. The study also factors the impact of various geopolitical scenarios on the market, key themes, and end-user industries-related demand cycles.
The North American plastic caps and closures market is segmented by material (polyethylene (PE), polyethylene terephthalate (PET), and polypropylene (PP)), type (threaded, dispensing, unthreaded, and child-resistant), end-user industry (beverage [bottled water, soft drinks, and spirits], food, pharmaceutical and healthcare, cosmetics and toiletries, household chemicals [detergents, cleaners, soaps, and polishes]), and country (United States and Canada). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Material | |
| Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Other Types of Materials |
| By Type | |
| Threaded | |
| Dispensing | |
| Unthreaded | |
| Child-resistant |
| By End-user Industry | ||||||
| ||||||
| Food | ||||||
| Pharmaceutical and Healthcare | ||||||
| Cosmetics and Toiletries | ||||||
| Household Chemicals (Detergents, Cleaners, Soaps, and Polishes) | ||||||
| Other End-User Industries |
| By Country | |
| United States | |
| Canada |
North America Plastic Caps & Closures Market Research FAQs
How big is the North America Plastic Caps And Closures Market?
The North America Plastic Caps And Closures Market size is expected to reach USD 8.26 billion in 2024 and grow at a CAGR of 4.82% to reach USD 10.45 billion by 2029.
What is the current North America Plastic Caps And Closures Market size?
In 2024, the North America Plastic Caps And Closures Market size is expected to reach USD 8.26 billion.
Who are the key players in North America Plastic Caps And Closures Market?
Silgan Holdings Inc., Closure Systems International Inc., Berry Global Inc., Amcor Group GmbH and BERICAP Holding GmbH are the major companies operating in the North America Plastic Caps And Closures Market.
What years does this North America Plastic Caps And Closures Market cover, and what was the market size in 2023?
In 2023, the North America Plastic Caps And Closures Market size was estimated at USD 7.86 billion. The report covers the North America Plastic Caps And Closures Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Plastic Caps And Closures Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Plastic Caps and Closures Industry Report
Statistics for the 2024 North America Plastic Caps and Closures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Plastic Caps and Closures analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
