HS Code:
Plastic caps for sport water bottles of the squeezable type, classified under HS Code 3923.50.00, are closures made of plastic materials designed specifically for squeezable sports water bottles. These caps often include features like push-pull spouts or flip-top lids to facilitate easy drinking during physical activities. This category falls under the broader classification of stoppers, lids, caps, and other closures of plastics, and is critical in the beverage and sports equipment industries. The global trade of these products is influenced by the demand for portable hydration solutions, sustainability concerns, and innovations in plastic manufacturing.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$100 million USD
40% of total trade of total trade
Increasing
$40 million USD
16% of total trade of total trade
Stable
$25 million USD
10% of total trade of total trade
Increasing
$20 million USD
8% of total trade of total trade
Stable
$15 million USD
6% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or in duty-free zones)
Shift towards sustainable materials
Increased demand for caps made from recycled or bio-based plastics due to environmental regulations and consumer preferences, leading to higher production costs but also market differentiation.
2021-2023
Growth in sports and fitness industry
Rising participation in fitness activities globally has boosted demand for squeezable sports water bottles and their accessories, driving trade volume growth.
2020-2022
Technological innovation in cap design
Development of leak-proof and ergonomic designs has increased the value per unit of plastic caps, influencing trade patterns towards higher-quality exports.
2022
The European Union updated its Single-Use Plastics Directive, mandating that plastic caps for beverage containers must be made from at least 25% recycled content by 2025, with stricter targets by 2030.
July 2023
This regulation is pushing manufacturers to adapt supply chains for recycled materials, potentially increasing costs but also opening markets for sustainable products.
Ongoing trade tensions have led to additional tariffs on Chinese plastic goods, including caps for sports water bottles, entering the US market.
March 2023
This has caused a shift in sourcing to other countries like Vietnam and South Korea, diversifying supply chains but increasing costs for US importers.
Major manufacturers in South Korea and Germany have introduced biodegradable plastic caps for sports bottles, aligning with global sustainability goals.
September 2023
This development is expected to influence consumer preferences and trade patterns, favoring countries investing in green technology.