U.S. Caps & Closures for Non-Carbonated Beverages Revenue expected to expand at a CAGR Of 4.3% between 2016 and 2024 is attributed to Increasing Demand for Light Weight Closures and Consumers Preference for Healthier Beverages in the Near Future

According to the latest market report published by Transparency Market Research titled ‘U.S. Caps & Closures Market Analysis for Non – carbonated Beverages, 2016–2024’, the revenue generated from sales of top three U.S. caps & closured market for non-carbonated beverages has been estimated to be valued over 2.6 Bn in 2016 end and is projected to increase at a CAGR of 4.3% during the forecast period (2016-2024).

Browse through the full report on http://www.transparencymarketresearch.com/us-caps-closures-market.html

Closures are components, techniques or devices that are used to seal or close a bottle, jar, tube, can or any other container. These closures can be a cap, cover, lid, plug etc. and are used with almost all the bottles/containers which contain liquids/ semi liquids / powder and a partial solid products. This study encompasses only beverage containers of non-carbonated in nature. Furthermore, a prima facie study was conducted to identify top three types of caps and closure used for non-carbonated beverage in the U.S. Based on the primary and secondary research, ‘Screw caps’, ‘Snap On caps’ and ‘Push On caps’  have been considered as  top 3 caps for non-carbonated beverages in the U.S.

Screw caps accounted for around 85% of the U.S. caps & closures market for non-carbonated beverages and was valued at US$ 2,249.4 Mn in 2016. Snap On cap accounted for around 8% share of the market and reached US$ 216.4 Mn in the same year, while Push On cap accounted for around 7% share. The U.S. caps & closures market for non-carbonated beverages (top 3) is expected to witness 1.4X growth increase in revenue from 2016 to 2024.

The cost advantage and increasing dominance of injection molding techniques is attributed to the growth of the HDPE sub- segment in the material type segment

Among material type segment of U.S. screw caps & closures market for non-carbonated beverages, PP accounts for largest market share of 60.2% and is expected to gain maximum incremental opportunity in terms of market revenue. However, HDPE is anticipated to witness maximum CAGR of around 13% over the forecast period, due to cost advantages of the HDPE material which is easily available and also because of increasing adoption of HDPE one piece injection molded closures.

Owing to growing aversion of soda and non-carbonated beverages by the health conscious consumers, the growth in demand for beverages like ready to drink, energy beverages and bottled water is expected to fuel the demand for U.S. Caps & closures market for non-carbonated beverages.

Among the application type, bottled water segment accounted for largest share in the U.S. screw caps & closures market for non-carbonated beverages in terms of value in the and is anticipated to increase at a CAGR of 6.1% over the forecast period. Sales of bottled water segment is projected to increase by 1.6X between 2016 and 2024. In terms of volume, Ready to drink segment is anticipated to register highest growth followed by Others segment which consists of energy drinks and non-dairy milk products.

Browse Press Releasehttp://www.transparencymarketresearch.com/pressrelease/us-caps-closures-market.htm

Key players in the U.S. caps & closure market for non-carbonated beverages include, Closure Systems International, Inc., Silgan Plastic Closure Solutions, Bericap GmbH and Co KG, Global Closure Systems, AptarGroup, Inc., Berry Plastics Group, Inc., Amcor Limited, O.Berk Company, LLC, Blackhawk Molding Co. Inc. and Tecnocap S.p.A.

The U.S. caps & closure market for non-carbonated beverages is segmented below

By Cap Type

  • Screw Caps
  • Snap On Caps
  • Push On Caps

By Material

  • PP
  • LDPE
  • PS
  • HDPE
  • PVC
  • PET

By Application

  • Bottled water
  • Fruit beverages
  • Ready to drink (tea & coffee)
  • Sports beverages
  • Others (energy drinks, non-dairy milk etc.)
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