From the Wires
Global Caps and Closures Market Trends: Beverage Represents Largest Segment, Plastic Accounts for Largest Share of Caps and Closures Material Demand
Feb. 20, 2013 11:48 PM
FARMINGTON, Conn., Feb. 20, 2013 /PRNewswire-iReach/ -- World demand for caps and closures is projected to rise 5.3 percent per year to $46 billion in 2016. Value gains will be supported by raw material price increases and greater use of value-added closures such as dispensing, child-resistant, and tamper-evident types. Unit advances will be driven by the continued popularity of single-serving bottles in the beverage market and further inroads by plastic containers into closureless packaging segments such as metal cans.
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Global Information (GII) presents the major trends in the global caps and closures market and recommends the top market research reports covering these trends in full detail.
In the first report, "Word Caps & Closures", historical demand data is presented for the years 2001, 2006 and 2011, plus forecasts for 2016 and 2021 by material, market, world region and for 18 major countries. The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 41 industry players.
An Executive Summary for the World Caps & Closures report and free sample pages from the full document are available at http://www.giiresearch.com/report/fd143288-caps-closures.html
The beverage segment will remain by far the single largest cap and closure market. Gains will be supported by the continued popularity of single-serving beverages and the widening presence of plastic bottles in markets once dominated by metal cans. Preventing faster gains will be the maturity of several large beverage applications such as beer and carbonated soft drinks. Competition from closureless packaging options, such as aluminum beverage cans, peelable lidding, and pouches, will continue. A significant deceleration in bottled water growth due to environmental concerns will also moderate cap and closure prospects.
As consumers' product demands evolve the dynamics between different packaging types also evolve - favoring some packaging types and formats and leaving others increasingly out of line with demand patterns. As a result, understanding the shifting market dynamics is key to ensuring maximum sales in the future.
A new report, "The Future of the US Non-Alcoholic Drinks Packaging to 2017" provides in-depth quantitative data on retail on-alcoholic drinks packaging, covering key segmentations such as pack material and type, closure material and type, outer and multi-pack information, for the latest financial year (current year) and the extreme ends of the historical and forecast periods
A full table of contents for the report can be found here, and free sample pages from the full report are available here.
In addition to the "The Future of the US Non-Alcoholic Drinks Packaging to 2017" report, Canadean offers a selection of reports pertaining to the global caps and closures industry and its related applications.
The Future of the US Household Care Packaging to 2017 – request free sample pages for this report here.
The Future of the US Health and Beauty Packaging to 2017 – request free sample pages for this report here.
The Future of the US Food Packaging to 2017 – request free sample pages for this report here.
Plastic caps & closures will post fastest growth
In terms of materials, plastic will continue to account for the largest share of cap and closure demand and will also see the fastest increases. The global cap and closure industry is directly affected by container demand trends and changes in the container mix resulting from competition among various packaging media. Plastic containers, which typically use plastic closures, will continue to gain market share at the expense of metal, paperboard, and glass packaging due to their cost advantages, shatter resistance, resealability, and graphics capabilities, as well as improved resin and processing technologies resulting in enhanced barrier properties, heat resistance, and design flexibility.
New analysis from "The Plastic Packaging Market 2012-2022" report has concluded that the global value of the plastic packaging market reach $196.42 billion in 2012. This report analyses recent trends in the dynamic plastic packaging industry and anticipates the progression in the market over the next decade with global, regional and submarket forecasts. The report also surveys current trends and reveals the market's strengths and weaknesses revealing areas that will experience growth and present new business opportunities.
As the global plastic packaging market undergoes these changes, the future of the industry will look very different, leading to growth opportunities in specific regional markets. These business opportunities are described in detail within this report.
A full table of contents for the report can be found here, and free sample pages from the full report are available here.
For more market research highlights, technical research news and industry updates, please visit http://www.giiresearch.com/press/
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia, Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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