PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Conversion from Metal Closures to Plastic Closures Driving the Growth of the U.S. Plastic Closures Market - New analysis from Frost & Sullivan, Strategic Analysis of U.S Plastic Closures Market, reveals that revenues in this market totaled $2.93 billion in 2006, and are likely to reach $3.89 billion in 2013
Conversion from Metal Closures to Plastic Closures Driving the Growth of the U.S. Plastic Closures Market

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/10/09 - New analysis from Frost & Sullivan, Strategic Analysis of U.S Plastic Closures Market, reveals that revenues in this market totaled $2.93 billion in 2006, and are likely to reach $3.89 billion in 2013.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The U.S. plastic closure market continues to witness steady growth, benefiting significantly from the ongoing conversion from metal to plastic closures. Continuous technological advancements in end-user industries such as beverage, food, personal care, automotive segments and household and industrial products are expected to provide new growth opportunities for plastic closures in the future.

New analysis from Frost & Sullivan (chemicalsandmaterials.frost.com), Strategic Analysis of U.S Plastic Closures Market, reveals that revenues in this market totaled $2.93 billion in 2006, and are likely to reach $3.89 billion in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the Strategic Analysis of U.S Plastic Closures Market, then send an email to Vanessa Quezada - Corporate Communications at vanessa.quezada[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.

"Plastic closures presently dominate the overall U.S. closures market, accounting for approximately 72 percent volumes and 54 percent revenues," notes Frost & Sullivan Research Analyst Urmila Kishore. "Future prospects look equally strong, as closure-intensive plastic packaging is increasingly preferred over closure-less containers such as metal cans."

With regard to end-user segments, the beverage segment is presently the largest, accounting for almost 33 percent of the total demand. Soft drinks hold the largest share in this segment with 28 percent, followed by bottled water and coffee with 14 and 12 percent, respectively. A notable trend in this segment is that beverage producers are increasingly looking for offshore growth opportunities to offset the maturation in the overall U.S. beverage market. This is driving the cap and closure manufacturers to build capacity outside the United States.

Following the beverage segment, the foods segment is the second largest market for plastic closures. This segment continues to use a relatively large amount of metal, especially in sauces and condiment applications, thereby offering considerable market opportunity. Among other segments, the household and industrial chemicals (HIC) segment is one of the fastest growing market segments for both dispensing and child resistant closures.

However, the closures market is becoming increasingly competitive, driven by customer demand for novel products at competitive prices. Price competition in commodity-type packaging markets such as continuous thread and tamper evident type of closures has intensified slightly during the last few years due to higher manufacturing costs because of increasing raw material and energy prices.

"Evolving customer needs are forcing plastic closure suppliers to constantly improve and enhance their product offerings," says Kishore. "Although this is a challenge on one hand, it's equally an opportunity for suppliers to enhance their product offerings."

Going forward, market success will hinge primarily on technological investments, good customer service, and technical support. Therefore, it is imperative that closure suppliers heighten focus on consistent product innovation as well as deliver superior customer service.

Strategic Analysis of U.S Plastic Closures Market is part of the Chemicals & Materials Growth Partnership Services, which also includes research in the following markets: U.S Silicones in Medical Device Market, North American Medical Device Packaging Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Conversion from Metal Closures to Plastic Closures Driving the Growth of the U.S. Plastic Closures Market

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Vanessa Quezada 
210.477.8427 vanessa.quezada[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

BASF Launches Formaldpure Catalyst for Improving Indoor Air Quality
ITT Enidine to Highlight Comprehensive Shock and Vibration Solutions At PACK EXPO Las Vegas
Rockwell Automation to Present Smart Machine Technology at PACK EXPO Las Vegas
Voith FilmLube - Uniform Moistening Results in Improved Press Felt Performance
ITT Cannon Introduces High-Performing and Environmentally Sealed CTC Connector Series for Harsh Environments
BASF Polyurethane Powers High Energy Return in New Brooks Levitate Running Shoes
OFS Launches FlightLinx® PLUS Fiber Optic Cable at SAE 2017, Aerotech Congress and Exhibition
Voith Builds Another Two Paper Machines for Banknotes in Mysore, India
PPG Receives ISEGA Certification for TESLIN Food-Grade Substrate
SCHOTT Introduces Versatile Interior Lighting Solution for Automobiles
BASF Introduces Pageant TR Intrinsic Brand Fungicide
BASF Placed New Waterborne Production Plant At Tultitlan, Mexico
FEC Plans to Expand Production Capacity at OFS to Meet Global Demand
PPG to Highlight Technical Advances, Present Paper At Vehicle Display Symposium
Rockwell Automation Announces New Services to Alert Operators of Potential Security Threats

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)