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Growth-to-Go: Ceresana’s Current Report on the World Market for Plastic Caps and Closures

01-22-2019 09:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CERESANA

Market Study: Plastic Caps and Closures - World

Market Study: Plastic Caps and Closures - World

Changing consumer patterns revolutionize the packaging industry. The trend towards on-the-go products, for example, is driving demand for resealable packaging, especially in the food sector. The current, already second study on the world market for plastic caps and closures by Ceresana examines in detail the demand for the different types of closures: screw caps, flip-top closures, disc-top closures, dispensers, spays, lids, and overcaps. In the upcoming eight years, analysts at Ceresana expect – based on the number of units – an increase of worldwide demand for plastic closures by about 3.2% per year.

Screw Caps Dependent on Development of Beverage Segment

“In 2017, screw caps accounted for more than two thirds of the global market for plastic caps and closures,” Ceresana’s CEO Oliver Kutsch says, “Their market share, however, will decrease as competition from other types of closures increases significantly.” The growing demands of consumers are increasing the demand for closures that allow easier handling and accurate dosing of package contents. However, there are major regional differences. For the 19 most important countries, the market study examines the demand separately for each of the different types of plastic closures.

Polypropylene and HDPE Dominate the Market -PET Gains Market Shares

The different requirements for closures within the individual application areas as well as the different designs of the types of closures have an effect on the choice of the respectively used plastics. The study on the worldwide closures market offers separate figures for the plastic types polypropylene (PP), polyethylene (HDPE and LDPE), polyethylene terephthalate (PET), Polystyrene (PS), as well as the aggregate of “other plastics”.

Significant Regional and Country-Specific Differences

In addition to the change in packaging types, for example the trend towards stand-up pouches, other factors are also influencing the demand for plastic closures. Consumer health concerns and government taxes on beverages containing sugar are inhibiting demand for carbonated soft drinks or juices in many countries. In contrast to that, demand for bottled water is likely to continue to account for high growth rates in the upcoming years. However, the individual factors and the resulting market dynamics can vary considerably from region to region. Thus, the market situation of the individual countries is analyzed separately in this study.

The Study in Brief:

Chapter 1 provides a description and analysis of the global market for plastic caps and closures – including forecasts up to 2025. Figures on production and demand are given for each world region. Additionally, the study also contains a distribution of global demand of plastic caps and closures into the plastic types polypropylene (PP), polyethylene (HDPE and LDPE), polyethylene terephthalate (PET), polystyrene (PS), as well as the aggregate of “other plastics”.
Chapter 2 provides figures on production, import, and export of, as well as demand for plastic caps and closures in billion units for 19 countries. Additionally, demand for plastic caps and closures for each country is split by area of application as well as types of closures.
Chapter 3 offers a detailed analysis of various application areas of plastic caps and closures: data in billion units on development of demand in the segments lemonades, water, juices, alcoholic beverages, other beverages, food, cosmetics & pharma as well as the aggregate of “other applications”, such as household chemicals or industry & transport.
Chapter 4 analyzes the market for plastic caps and closures split by the types of closures “screw caps”, “flip-top and disc-top closures”, “dispensers and sprays” as well as “lids and overcaps”. The divided demand is arranged clearly for each of the 19 countries and for all world regions (in billion units).
Chapter 5 provides company profiles of the largest manufacturers of plastic caps and closures – clearly arranged according to contact details, revenues, profit, product range, production sites, and profile summary. In-depth profiles of 72 producers are given.

Further information: www.ceresana.com/en/market-studies/packaging/plastic-caps-world

Ceresana is a leading international market research institute for the segments chemicals, plastics, industrial goods, and packaging. The company has been providing more than 10,000 customers from trade and industry in 60 countries with up-to-date analyses for over 15 years. The services of Ceresana for manufacturers, processors, and associations include customized single-client studies and more than 160 multi-client market studies.
Learn more about Ceresana at www.ceresana.com/en

Ceresana
Mainaustrasse 34
78464 Konstanz
Germany
Phone: +49 7531 94293 10
Fax: +49 7531 94293 27
Press contact: Martin Ebner, m.ebner@ceresana.com

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