U.S. - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in the United States - 2023
Contents:
- Plastic Closure Price in the United States (CIF) - 2023
- Plastic Closure Price in the United States (FOB) - 2023
- Plastic Closure Imports in the United States
- Plastic Closure Exports in the United States
Plastic Closure Price in the United States (CIF) - 2023
In August 2023, the average plastic closure import price amounted to $5,587 per ton, with a decrease of -6.3% against the previous month. Overall, the import price recorded a slight slump. The pace of growth appeared the most rapid in April 2023 an increase of 8.6% month-to-month. The import price peaked at $6,569 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,603 per ton), while the price for the Dominican Republic ($1,555 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.7%), while the prices for the other major suppliers experienced a decline.
Plastic Closure Price in the United States (FOB) - 2023
The average plastic closure export price stood at $11,698 per ton in August 2023, which is down by -9.4% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 10% m-o-m. Over the period under review, the average export prices attained the peak figure at $14,026 per ton in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($29,621 per ton), while the average price for exports to the Dominican Republic ($3,519 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.0%), while the prices for the other major destinations experienced a decline.
Plastic Closure Imports in the United States
In 2022, plastic closure imports into the United States soared to 242K tons, rising by 45% compared with 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plastic closure imports expanded notably to $1.5B in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Plastic Closure in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 341 | 339 | 419 | 472 | 11.4% |
| Mexico | 186 | 196 | 258 | 295 | 16.6% |
| Canada | 218 | 207 | 245 | 271 | 7.5% |
| Taiwan (Chinese) | 63.9 | 60.9 | 73.4 | 85.6 | 10.2% |
| Germany | 60.3 | 62.3 | 77.1 | 67.1 | 3.6% |
| Italy | 30.1 | 25.7 | 33.8 | 40.5 | 10.4% |
| Dominican Republic | 2.0 | 4.8 | 3.6 | 8.6 | 62.6% |
| Others | 213 | 201 | 255 | 310 | 13.3% |
| Total | 1,114 | 1,097 | 1,365 | 1,549 | 11.6% |
Top Suppliers of Plastic Closure to the United States in 2022:
- Mexico (111.9K tons)
- China (55.4K tons)
- Canada (21.4K tons)
- Taiwan (Chinese) (17.0K tons)
- Germany (5.5K tons)
- Dominican Republic (4.1K tons)
- Italy (3.8K tons)
Plastic Closure Exports in the United States
For the fourth year in a row, the United States recorded growth in overseas shipments of plastic stoppers, caps and closures, which increased by 6.5% to 274K tons in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, plastic closure exports expanded rapidly to $1B in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Plastic Closure in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 353 | 344 | 401 | 456 | 8.9% |
| Mexico | 201 | 203 | 222 | 249 | 7.4% |
| United Kingdom | 25.1 | 23.0 | 29.0 | 32.7 | 9.2% |
| Germany | 23.4 | 17.1 | 24.0 | 29.6 | 8.1% |
| Netherlands | 13.2 | 11.7 | 13.5 | 23.2 | 20.7% |
| France | 11.6 | 13.5 | 13.5 | 15.8 | 10.8% |
| Brazil | 9.6 | 7.1 | 7.3 | 9.2 | -1.4% |
| Costa Rica | 2.8 | 4.6 | 4.0 | 7.5 | 38.9% |
| Others | 180 | 173 | 193 | 205 | 4.4% |
| Total | 820 | 798 | 908 | 1,028 | 7.8% |
Top Export Markets for Plastic Closure from the United States in 2022:
- Canada (120.1K tons)
- Mexico (66.3K tons)
- United Kingdom (8.4K tons)
- Netherlands (7.6K tons)
- Costa Rica (5.8K tons)
- Germany (5.4K tons)
- Brazil (4.8K tons)
- France (4.7K tons)
This report provides an in-depth analysis of the plastic closure market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the plastic closure price dropped by 7.4% from the previous month and settled at a CIF US rate of $4,847 per ton.
444
An increase in plastic support imports was observed from May 2022, reaching a total value of $123M by May 2023.
289
The export value of Plastic Box saw a significant contraction to $185M in June 2023.
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In August 2022, the plastic bottle price per ton stood at $4.8K(CIF, US), rising by 3.9% against the previous month.
679
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In 2020, American imports of plastic sacks and bags soared by +7.7% y-o-y to $3.2B, continuing a steady increase seen over the past decade. China, Canada and Thailand remain leading suppliers of plastic sacks and bags to the U.S., accounting for 55% of the American imports. Last year, purchases from China declined, while imports from Canada grew significantly. Germany emerged as the fastest-growing supplier of plastic sacks and bags to the U.S. The average plastic bag import price increased by +2.7% y-o-y to $3,284 per ton in 2020.
1070
From 2008 to 2015, U.S. plastic bag market showed modest growth. It expanded from X million USD in 2008 to X million USD in 2015, rising with a CAGR of +X>
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1230
It goes without saying that the plastic bag market plays an important part in the U.S. economy. It should be noted that an increased consumer demand, and demand from downstream markets drove growth in revenue. Over the last five years, the overall U.S.
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Plastic Packaging imports reached a peak of 131K tons but experienced a decline in the subsequent month. In terms of value, the imports of Plastic Packaging decreased to $465M in November 2023.
