North America Plastic Caps and Closures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Plastic Caps And Closures Market Analysis

The North America Plastic Caps And Closures Market size is estimated at USD 14.61 billion in 2024, and is expected to reach USD 16.88 billion by 2029, growing at a CAGR of 2.94% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 384.30 billion units in 2024 to 459.31 billion units by 2029, at a CAGR of 3.63% during the forecast period (2024-2029).

Plastic caps and closures seal various containers to ensure their safety and integrity. They are made from strong, durable polymers, including polypropylene (PP) and polyethylene (PE). Plastic caps and closures are commonly used for packaging food and beverages (F&B), pharmaceuticals, cosmetics, and household cleaning products.

• Caps and closures use PP and PE as the primary raw materials for manufacturing. Various industries rely heavily on plastic caps and closures for a cost-effective sealing solution. A heat induction cap liner could be used on bottles made of different plastic materials, such as PP, HDPE, and LDPE, to protect the container from leakage and provide tamper evidence characteristics to it. Due to this, the market is expected to witness growth during the forecast period. 
• With the rising demand for bottled water and non-alcoholic beverages, the market for plastic bottles in the beverage industry is expected to expand, bolstering the demand for plastic caps and closures. The demand for bottled water is attributed to the predisposition of customers to want high-quality drinking water, specifically, their concern about contracting diseases after drinking tainted tap water and the convenience and portability of bottled water.
• Caps and closures comprise a significant part of beverage packaging, ensuring the delivery of top-notch beverages to consumers. They have seals that guarantee product safety and quality while allowing effortless opening and reclosing for end-users. The beverage caps and closure industry has seen a surge in product development and innovations due to technological advancements in plastic packaging. Numerous companies are dedicating substantial resources to research and development efforts to create distinctive and economical products, leading to a rapid increase in innovations within this sector.
• Recycling and environmental considerations are essential when it comes to packaging. Packaging trash significantly impacts plastic contamination in the oceans and landfills. Plastic packaging is also a significant cause of the environment's plastic pollution. Plastic can affect marine life and ecosystems since it takes hundreds of years to disintegrate.
• Single-use packaging is either thrown away or recycled instead of reused. According to the US Environmental Protection Agency (EPA), about half of all municipal solid waste comprises food and materials used in food packaging. The issue with plastic packaging is that its natural degradation can take many years, which leads to plastic polluting the oceans, rivers, and lakes and littering the streets.
• The plastic manufacturing industry depends on the cost and availability of raw materials like crude oil and natural gas. Any changes in these prices can have an impact on the industry's profitability and sustainability. Oil is the raw material used in a wide range of packaging materials. Hence, when there is an upsurge in demand, a problem with the supply chain or increased prices is where packaging manufacturers will face difficulties.

North America Plastic Caps And Closures Market Trends

Beverages to be the Largest End-user Industry

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 to use the product. The study tracks the consumption trends of plastic-based caps and closures in North America. The study also considers the impact of various geopolitical scenarios on the market, key themes, and end-user industries-related demand cycles.

The scope of the study excludes caps and closures that are an important part of the container (e.g., aerosol can valve assemblies), closures for industrial bulk containers, home canning and bottling closures, caps and closures used in nonpackaging applications (e.g., pen caps, valve covers, distributor caps, food storage containers lids, liquor decanter closures), and flexible closures such as twist ties or foil lidding.

The North American plastic caps and closures market is segmented by material (polyethylene (PE), polyethylene terephthalate (PET), and polypropylene (PP), other types of materials), 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], other end-user industries), and country (United States, Canada). The report offers the market forecasts and size in volume (units) and value (USD) for all the above segments.