As the U.S. beverage market experiences shifts among leading category performers as well as growth from alternative and emerging segments, packaging components and materials also are seeing shifts among top-performing segments as well as evolving demands.
Cleveland-based The Freedonia Group predicts in its “Global Caps & Closures Market, 9th Edition” report that caps and closures used for beverages will reach 1.5 trillion units in 2021. This projection is based on 3.5 percent annual growth.