According to a market report from ReportBuyer, the global production of plastic caps and closures in 2014 was 1,286 billion units and is estimated to reach 1,814 billion units by 2020. In 2014, the market was worth $29.34 billion and is projected to reach $38.5 billion in 2020.
The areas driving growth include innovative or customized products, tamper-evident, child-resistant, and others. Carolina Color is prepared to help molders seeking to color cap and closures products to help brands stand out on store shelves. 1
Carolina Color has been successfully helping customers in the caps and closures market since 1967. Yet, with the introduction of G2 in 2008 they have seen large growth in this marketplace—not only because the market is growing—but, also, because customers switching over to G2 and newly introduced G3 in 2015, have been able to mold caps and closures at a reduced cost while maintaining color quality.
The Challenge: Maintain Color Quality At a Reduced Cost
Molding caps and closures to meet customers’ demands is challenging, most days. Then, add the challenge of having a major brand’s customer demand that the color of the product must be an exact match every time. Continually meeting such exacting brand retail shelf expectations is nearly impossible. For example, one closure manufacturer for large brands needed to lower overall cost while still maintaining a consistent color for every part. After exploring several options, the manufacturer selected G2 from Carolina Color.
The Solution: G3 From Carolina Color Corporation—providing the highest pigment loaded custom colors available.
Carolina Color’s patented G2 is a revolutionary new product in which pigments and additives are highly loaded, exceptionally well dispersed, and effectively distributed in both large and small parts. The qualities of this next-generation coloring product enable manufacturing possibilities that save time, space, and money. Most packaging manufacturers see up to a 30% cost-to-color reduction, along with letdown rates matching or exceeding liquid colors.
The Result: Lower Cost and Improved Color Distribution
When the manufacturer incorporated G2 into their molding operations they were able to lower the cost on some critical closure products for major brands and while continuing to produce parts matching those on the shelf every time. Here are a few benefits the closure manufacturer was able to quickly see after making the switch to G2.
On a red peanut butter closure application:
– Lowered their use rate from 4% to 0.65%
– Generated approximate savings of $100,000 annually
– Improved color distribution, even with the substantially lower use rate
On a stock blue color used across various applications:
– Lowered their use rate from 5% to 2.2%
– Achieved an estimated cost savings of 10 to 15%
On a protein powder supplement green closure application:
– Lowered their use rate from 4.5% to 2.2%.
– Improved color distribution on a translucent lid (even with the process improvements noted below).