According to new research by The Freedonia Group, demand for caps and closures in the U.S. is expected to grow 4.2% per year to $11.8 billion in 2020.
Dow Packaging & Specialty Plastics’ new EVERCAP PE resins portfolio for rigid caps and closures caters to trends and emerging issues shaping market needs, including an aging U.S. population and the call for improved sustainability.
In 2014, an older population—persons 65 years or older—represented 14.5% of the U.S. population. By 2040, that population will grow to 21.7%, according to the HHS/Census Bureau. EVERCAP will help drive new market opportunities for polyethylene closures and fitments by addressing senior dexterity limitations through easier open and close functionality. To ensure end user convenience, Dow Packaging & Specialty Plastics tested every lot of material with a human sensory lab.
The technology also delivers sustainability improvements. Two-piece to one-piece closure conversion reduces material needed for production. Light weighting enables more efficient, cost effective transportation.