U.S. CAPS AND CLOSURES MARKET ANALYSIS

U.S. Caps and Closures Market, By Cap Type (Screw Caps, Snap-on Caps, Push-on Caps), By Application (Bottled Water, Fruit Beverages, Ready to Drink (tea & coffee), Sports Beverages, Others (energy drinks, non-dairy milk, etc.)), By Material Type (Plastic(Polypropylene (PP), Low-density Polyethylene (LDPE), Polystyrene (PS), High-density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET)), Metal)-

Published In : Jun 2023
Code : CMI3847
Pages :80
Formats :
Excel and PDF
Industry : Packaging

Market Challenges And Opportunities

U.S. Caps and Closures Market: Restraints

Issues with recycling caps and closures to limit market expansion

One of the main problems hampering the U.S. caps and closures market is the stringent environmental laws and legislations, as well as the increased limits on landfill disposal. Furthermore, stringent packaging laws, which also apply to drinks, cosmetics, and consumer goods packaging, were prompted by the rise in plastic trash. For instance, the Plastic Industry Association estimates that 80 billion plastic water bottles were consumed in 2020 in the U.S., but only 23% of those bottles were recycled. This indicates the need to concentrate on industry initiatives to decrease plastic waste. The market is anticipated to be constrained by threats such as the need to reduce single-use plastic and regulatory concerns.