Caps & closures to become $9 billion industry in U.S. by 2012: study

Demand in the United States for caps and closures will increase 4.9 percent annually to US$9.6 billion in 2012, representing over 276 billion units, according to a new study released by research firm The Freedonia Group.

“Caps & Closures” examines the U.S. market for caps and closures, including plastic caps and closures (standard threaded, pressure screw, dispensing, child-resistant and other); steel and aluminum caps and closures (screw and lug, roll-on, crown and other); and caps and closures made from other materials (rubber, cork and paperboard). Markets for these products include food and beverages, cosmetics and toiletries, pharmaceuticals and other health care products, household products, and automotive chemicals.

The study also notes the pharmaceutical market will see the fastest gains of all markets, reflecting the shift to an older demographic.

Additionally, gains will be bolstered by the popularity of value-added designs such as child-resistant closures (CRCs) and dispensing closures, and by the continuing growth of closure-intensive plastic packaging at the expense of closureless containers like metal cans.

The cost of this 308-page study is $4700. A link to the study can be found here.

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