US Caps & Closures Market: Development Insight and Manufacturers Challenge Competitors 2016 - 2024

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The caps & closures market is expected to witness major growth as popular beverages continue to make the much-needed shift towards natural varieties. The market rose to a valuation of US$2.64 bn in 2016. Rising at 4.3% CAGR during 2018-2026, the market will likely reach a valuation of US$3.82 bn.
The rise in natural beverages is apparent in growth of single-serve beverages. Major soft drink brands like Coca-cola, and Dr Pepper have announced natural beverages in line with their premium products. The increasing appeal of these product amidst a rising fight with obesity in the North America region, continues to drive growth. The rising number of diabetic patients, and growing elderly patients will also drive growth in the caps and closures market for non-carbonated beverages.
Polypropylene Bags Remains Most Promising Segment
The polypropylene bags have remained the most promising segment in the market for some time. These promise to hold over 60% share in the caps & closures market for non-carbonated beverages. 
The bags will also witness the biggest opportunity for growth as its cost-advantages continue to create more opportunity for end-players. Additionally, other segments in the market like HDPE will also witness promising growth. The easier-availability of the product, and its similar cost-effective nature will promise a CAGR of 13% during 2018-2026.
Ready-to-Drink Milk Remains Major End Segment for Caps and Closures Market
The caps and closures market report will feature various reports including snap on caps, screw caps, and push on caps. Among these, the screw caps will likely witness major growth as end-application like ready-to-drink milk remains most promising. It is estimated that milk continues to remain in fashion with an average person drinking over ¾ cups each day. The easy-to-open mechanism, and wide availability of ready-to-drink milk cartons remains a promising prospect. Moreover, the fruit beverage segment will also witness promising growth as retail chains, and rising health fitness trends continue to drive growth for natural beverages. 

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