Screw caps is fastest growing segment fueling the growth of U.S. Caps and Closures Market
The global U.S. Caps and Closures Market is estimated to be valued at US$ 3.75 Bn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Caps and closures are sealing components that are used for various packaging applications across industries like food & beverage, pharmaceuticals, personal care, and chemicals. They help seal the container and prevent leakage during storage, transport, and use. Popular product types include screw caps, twist caps, dispensing caps, and others. Market Key Trends: One of the key trends in the U.S. caps and closures market is the rising demand for sustainable packaging. Customers are increasingly preferring products packaged in eco-friendly materials to reduce pollution. Caps and closure manufacturers are investing in developing bio-based and recyclable packaging solutions made from plant-based resins and recycled ...