Market Share of North America Plastic Caps and Closures Industry
The North American caps and closures market is quite fragmented, where a sustainable competitive advantage can be gained through innovation in design, technology, and application. The market penetration levels grew significantly over the last decade, aided by the growing demand from the food, beverage, and pharmaceutical industries in the region, and the market is even witnessing certain mergers and acquisitions.
- October 2021 - Albéa, Berry, and Verfora pooled their expertise and developed a cap adapted to joint pain for Verfora's PERSKINDOL DOLO GEL 100ml tube. The cap is designed for people suffering from arthroses or arthritis. It makes opening a tube of pain relief ointment easy, comfortable, and painless. It has a wide, non-slip surface specially designed to eliminate any strain on the joints. The product was launched in the Swiss market and will also be presented at Pharmapack in Paris.
- September 2021 - Silgan Holdings acquired US-based Gateway Plastics in a deal valued at up to USD 485 million. Gateway Plastics specializes in the manufacturing and marketing of dispensing closures and integrated dispensing packaging solutions. This acquisition further expands its comprehensive product offering in Dispensing and Specialty Closures and provides further growth opportunities with many of its existing and shared customers.
North America Plastic Caps & Closures Market Leaders
Albea S.A.
Silgan Holdings Inc.
Amcor PLC
Closure Systems International Inc.
Berry Global Inc.
*Disclaimer: Major Players sorted in no particular order
