CAPS AND CLOSURES MARKET ANALYSIS

Market News

Key Developments

• In July 2019, Berry Global Group Inc. acquired RPC Group plc, a manufacturer of plastic packaging products including caps & closures. RPC Group currently has 153 manufacturing sites in 33 countries. The acquisition will help Berry Global to expand its production capacity and increase its market share in caps and closures market.
• In March 2018, RPC Zeller Plastik Zell (subsidiary of RPC Group plc based in Germany) launched a new 19mm tube closure, first standard push-on-flip-top hinge tube closure (HTC) of small size. The closure will find application in cosmetic and pharmaceutical products. The new product launch helped RPC Group to expand its product portfolio.
• In September 2019, Guala Closures Group launched its new range of communicating closures NeSTGATE at Luxe Pack Monaco exhibition. By placing a smartphone close to a bottle equipped with NeSTGATE caps, consumers can have access to product information, tasting tips, games, offers and social media. The NeSTGATE caps have been developed for wine, spirits, and olive oil bottles.
• In August 2019, AptarGroup, Inc. entered in to a partnership with Nippon Closures Co., Ltd (manufacturer of bottle closures based in Japan). Under the partnership the companies will cross-license their technologies for producing tethered beverage closures. The partnership will help AptarGroup to expand its product portfolio of dispensing closures.
• In March 2019, PACCOR (UK based packaging products manufacturer) launched its new lightweight bottle closures having 13 % less plastic. This helped company to expand its product portfolio.