Caps & Closures

 Published On: Aug, 2014 |    No of Pages: 353 |  Published By: Freedonia | Format: PDF
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US demand to exceed $11 billion in 2018
US demand for caps and closures is projected to exceed $11 billion in 2018, representing 305 billion units. Gains will be driven by an acceleration in container unit growth relative to that of the 2008- 2013 period and greater use of dispensing and child-resistant closures (CRCs), which are more costly than standard threaded closures. Demand for dispensing closures will benefit from consumer trends favoring convenience and ease of use, as well as brand owner interest in differentiating products at retail. CRC demand will be driven by the need to comply with Consumer Product Safety Commission (CPSC) requirements that mandate child-resistant packaging of pharmaceuticals as well as many household products.

Dispensing closures to drive key plastic segment
Plastic caps and closures, which comprise the majority of demand, will post slightly above average unit and value advances through 2018, reflecting the significance of plastic containers in numerous markets and the growing prevalence of plastic closures on other container types. The long term shift in the consumer packaging mix away from glass and metal containers to plastic alternatives will support plastic cap and closure growth, as plastic containers tend to employ plastic closures. Among plastic closure types, dispensing closures will experience the fastest growth based on convenience and functionality benefits. Overall value growth will be held back by a moderation in resin price increases and continued lightweighting for sustainability and cost reduction. Despite ongoing loss of share to plastic closures, metal closure demand will post a marginal unit increase as a result of growth for screw and lug closures in ready-to-drink beverage applications such as iced tea and coffee, and greater use of roll-on closures with wine. A rebounding construction market will also fuel an upswing in demand for metal paint cans and related lids. Elastomer and rubber stopper demand will register healthy gains, driven by the continuing commercialization of injectable biotechnologybased drugs and the increased preference for stoppers made from higher value synthetic rubber and thermoplastic elastomers. Natural corks will experience a modest recovery due to quality improvements and proactive industry marketing programs aimed at promoting cork as a premium and sustainable option in wine packaging.

Pharmaceuticals to be fastest growing market
Pharmaceuticals will be the fastest growing cap and closure market through 2018, helped by the expanding elderly population and trends favoring the use of medication over more costly patient procedures. In addition, the need to comply with government regulations and industry standards involving the child-resistant, senior-friendly, and security features of packaging systems will underlie gains. Beverages are by far the largest market for caps and closures. While the popularity of single serving bottles will stimulate unit gains, prospects will be constrained by weak production volume outlooks in some large markets and the conversion by most beverage companies to lighter weight, less costly closures. In the beer market, metal crown prospects will be dampened by resurgence of aluminum cans, stemming from the growing popularity of aluminum cans among producers of craft beer due to cost and sustainability advantages.

Study coverage
This Freedonia industry study, Caps & Closures, presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by raw material, product and market. The study also considers market environment factors, evaluates company market share and profiles 32 US industry competitors.

INTRODUCTION x

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Outlook 5
Demographic & Household Trends 9
Consumer Income & Spending Trends 13
Manufacturing Outlook 16
Packaging Industry Overview 20
Container Overview 23
Types 25
Markets & Materials 28
Plastic 31
Metal 34
Glass 36
Paperboard 39
Historical Market Trends 40
Pricing Trends 43
Environmental Issues 46
Regulatory Issues 49
Global Trends 52
Foreign Trade 54

III. RAW MATERIALS 58
General 58
Plastic 60
Polypropylene 63
Polyethylene 64
Polystyrene 66
Other Resins 67
Metal 69
Steel & Tin 72
Aluminum 73
Other Materials 74
Elastomers 75
Paperboard 76

IV. PRODUCTS 78
General 78
Plastic Caps & Closures 82
Threaded 87
Standard 89
Pressurized 95
Vacuum 100
Dispensing 102
Pump, Trigger, & Spray Dispensers 105
Other Dispensing Closures 108
Producers 111
Unthreaded 112
Lids 114
Aerosol Caps & Closures 118
Synthetic Corks 121
Child-Resistant 125
Products 127
Producers 130
Metal Caps & Closures 131
Screw & Lug 135
Vacuum 138
Nonvacuum 141
Crowns 143
Roll-Ons 147
Products 149
Producers 150
Other 151
Other Caps & Closures 153
Elastomer & Rubber 155
Paperboard 158
Cork 160

V. MARKETS 164
General 164
Beverages 168
Beverage & Beverage Container Outlook 169
Cap & Closure Demand 173
Water 175
Carbonated Soft Drinks 178
Fruit Beverages 182
Wine & Spirits 184
Milk 188
Beer 191
Other 194
Pharmaceuticals 197
Pharmaceutical Industry Outlook 198
Cap & Closure Demand 199
Food 204
Food & Food Container Outlook 205
Cap & Closure Demand 209
Dairy Products 213
Sauces & Condiments 216
Other 220
Cosmetics & Toiletries 224
Cosmetic & Toiletry Industry Outlook 225
Cap & Closure Demand 228
Products 230
Producers 231
Household Cleaning Chemicals 233
Household Cleaning Chemicals Outlook 233
Cap & Closure Demand 235
Automotive Chemicals 239
Automotive Chemical Industry Outlook 240
Cap & Closure Demand 243
Other Markets 246

VI. INDUSTRY STRUCTURE 250
General 250
Industry Composition 251
Market Share 254
Acquisitions & Divestitures 261
Marketing 265
Distribution 267
Manufacturing & Development 268
Integration Strategies 270
Cooperative Agreements 271
Company Profiles 274
Airlite Plastics Company 275
Albťa Group 276
Amcor Limited 279
AptarGroup Incorporated 282
Arminak & Associates, see TriMas
Bapco Closures Holdings, see AptarGroup
BERICAP Holding GmbH 287
BERICAP North America, see Amcor and BERICAP Holding
Berry Plastics Group Incorporated 290
Blackhawk Molding Company Incorporated 294
Centor 295
CLARCOR Incorporated 296
Clark (JL), see CLARCOR
Closure Systems International, see Reynolds Group Holdings
Cobra Plastics Incorporated 297
Comar Incorporated 298
Crown Holdings Incorporated 299
Dštwyler Holding Incorporated 302
Dayton Systems Group Incorporated 303
Drug Plastics and Glass Company Incorporated 304
DSG Technology, see Dayton Systems Group
Evergreen Packaging, see Reynolds Group Holdings
Global Closure Systems 306
Huhtamaki Oyj 308
Innovative Molding, see TriMas
Integra-Seal Industries, see Silgan Holdings
IPN Holding, see Scholle
Jarden Corporation 309
MeadWestvaco Corporation 311
Mold-Rite Plastics LLC 315
NoŽl Group LLC 318
Nomacorc, see NoŽl Group
Novembal, see Tetra Laval International
Phoenix Closures Incorporated 320
PolyChem Alloy Incorporated 321
Polytop, see MeadWestvaco
Portola Packaging, see Silgan Holdings
Rexam plc 322
Reynolds Group Holdings Limited 324
Rieke, see TriMas
Saint-Gobain 329
Scholle Corporation 331
SIG Combibloc Group, see Reynolds Group Holdings
Silgan Holdings Incorporated 333
Stull Technologies, see Mold-Rite Plastics
Tasz, see PolyChem Alloy
Tech Group, see West Pharmaceutical Services
Tecnocap SpA 337
Tetra Laval International SA 339
TriMas Corporation 341
Weatherchem, see Mold-Rite Plastics
Weener Plastik GmbH 343
West Pharmaceutical Services Incorporated 344
Yorker Packaging, see Jarden
Zeller Plastik USA, see Global Closure Systems
Other Companies in Caps & Closures 347

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Population & Households 13
3 Personal Consumption Expenditures 16
4 Manufacturersí Shipments 20
5 Packaging Supply & Demand 23
6 Container Demand by Type 28
7 Container Demand by Market & Material 31
8 Plastic Container Demand by Type & Market 34
9 Metal Container Demand by Type & Market 36
10 Glass Container Demand by Type & Market 38
11 Paperboard Container Demand by Type & Market 40
12 Cap & Closure Market, 2003-2013 42
13 Cap & Closure Pricing by Material 46
14 Foreign Trade in Caps & Closures 56

SECTION III -- RAW MATERIALS
1 Raw Material Use in Caps & Closures 59
2 Plastic Use in Caps & Closures 62
3 Metal Use in Caps & Closures 71
4 Other Material Use in Caps & Closures 75

SECTION IV -- PRODUCTS
1 Cap & Closure Demand by Material 81
2 Plastic Cap & Closure Supply & Demand 86
3 Threaded Plastic Cap & Closure Demand by Type 89
4 Standard Threaded Plastic Cap & Closure Demand by Market 92
5 Pressurized Threaded Plastic Cap & Closure Demand 99
6 Vacuum Threaded Plastic Cap & Closure Demand 102
7 Plastic Dispensing Cap & Closure Demand by Type & Market 105
8 Unthreaded Plastic Cap & Closure Demand by Type 114
9 Plastic Lid Demand by Market 117
10 Aerosol Cap & Closure Demand by Type & Market 120
11 Synthetic Cork Demand 124
12 Plastic Child-Resistant Cap & Closure Demand by Type 126
13 Metal Cap & Closure Supply & Demand 134
14 Metal Screw & Lug Cap & Closure Demand by Type & Market 137
15 Vacuum Screw & Lug Cap & Closure Demand 141
16 Nonvacuum Screw & Lug Cap & Closure Demand 143
17 Metal Crown Demand 146
18 Metal Roll-On Closure Demand 149
19 Other Metal Cap & Closure Demand 153
20 Other Cap & Closure Supply & Demand 155
21 Elastomer & Rubber Stopper Demand 158
22 Paperboard Cap & Closure Demand 160
23 Cork Closure Demand 163

SECTION V -- MARKETS
1 Cap & Closure Demand by Market 167
2 Beverage Indicators 172
3 Beverage Cap & Closure Demand by Application & Material 175
4 Bottled Water Cap & Closure Market 178
5 Carbonated Soft Drink Cap & Closure Market 182
6 Fruit Beverage Cap & Closure Market 184
7 Wine & Spirits Cap & Closure Market 188
8 Milk Cap & Closure Market 191
9 Beer Cap & Closure Market 194
10 Other Beverage Cap & Closure Markets 197
11 Pharmaceutical Supply & Demand 199
12 Pharmaceutical Cap & Closure Market 204
13 Food Indicators 209
14 Food Cap & Closure Demand by Application & Material 213
15 Dairy Product Cap & Closure Market 216
16 Sauce & Condiment Cap & Closure Market 220
17 Other Food Cap & Closure Market 224
18 Cosmetic & Toiletry Supply & Demand 227
19 Cosmetic & Toiletry Cap & Closure Market 229
20 Household Cleaning Chemical Shipments 235
21 Household Cleaning Product Cap & Closure Market 239
22 Automotive Chemical Indicators 242
23 Automotive Chemical Cap & Closure Market 246
24 Other Cap & Closure Markets 249

SECTION VI -- INDUSTRY STRUCTURE
1 US Cap & Closure Sales by Company, 2013 253
2 Selected Acquisitions & Divestitures 264
3 Selected Cooperative Agreements 273

LIST OF CHARTS

SECTION I -- EXECUTIVE SUMMARY

SECTION II -- MARKET ENVIRONMENT
1 Cap & Closure Market, 2003-2013 43
2 Cap & Closure Imports & Exports by Country, 2013 57

SECTION III -- RAW MATERIALS
1 Raw Material Use in Caps & Closures, 2003-2023 60

SECTION IV -- PRODUCTS
1 Cap & Closure Demand by Material, 2003-2023 82
2 Plastic Cap & Closure Demand by Type, 2013 87
3 Metal Cap & Closure Demand by Type, 2013 135

SECTION V -- MARKETS
1 Cap & Closure Demand by Market, 2013 168

SECTION VI -- INDUSTRY STRUCTURE
1 US Cap & Closure Market Share, 2013 256


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