Global demand for caps and closures is forecast to expand 4.7 percent per year through 2011 to $32 billion, representing 1.4 trillion units.
July 4, 2007 (Press Release) --
World demand to rise 4.7% annually through 2011
Global demand for caps and closures is forecast to expand 4.7 percent per year through 2011 to $32 billion, representing 1.4 trillion units. Accelerating economic growth and rising personal incomes will support development of the various consumer nondurable goods markets, especially in the world’s emerging economies, with closures and other packaging materials among the primary beneficiaries. Cap and closure sales will also benefit from their increased use in conjunction with traditionally closureless packaging media such as gabletop and aseptic drink cartons and plastic pouches, although inroads by metal drink cans, flexible packaging and multiserving plastic bottles will limit potential gains. Sales revenues will be fueled by a shift in the product mix in favor of value-added closure types that provide increased product safety, user convenience and/or shelf appeal. Examples include tamperevident, child-resistant and dispensing caps and closures.
Plastic to continue gains over metal, cork closures
Plastic closures will continue to supplant traditional metal and (increasingly) cork types, supported by technological advances and the ongoing shift from glass to plastic and paperboard in consumer packaging applications such as soft drinks and pharmaceuticals. New applications for plastic closures continue to emerge as well, ranging from beer and wine to hot-fill foods such as pickles and sauces.
Beverages to remain top market for closures
Beverages will remain the dominant market for caps and closures, accounting for almost 65 percent of unit demand in 2011. Within the beverage sector, strongest gains are expected in nontraditional products such as sports drinks and flavored milk. Healthy growth is also anticipated in consumer chemical markets such as cosmetics, toiletries and household cleaners, which are enjoying rapid growth and becoming more intensive users of packaging in the developing world.
China, India among the fastest growing markets
Above-average gains are expected in the world’s emerging markets, especially those in Asia. China will lead the way, accounting for over a quarter of projected unit gains in global cap and closure demand through 2011. India will also perform strongly through 2011. The US, which accounts for almost one-fourth of global cap and closure value demand, will also enjoy generally favorable prospects (fueled by a continued shift in the product mix toward value-added configurations), while the mature markets of Western Europe and Japan will see slower growth.
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http://www.bharatbook.com/bookdetail.asp?bookid=8117&publisher=
Global demand for caps and closures is forecast to expand 4.7 percent per year through 2011 to $32 billion, representing 1.4 trillion units. Accelerating economic growth and rising personal incomes will support development of the various consumer nondurable goods markets, especially in the world’s emerging economies, with closures and other packaging materials among the primary beneficiaries. Cap and closure sales will also benefit from their increased use in conjunction with traditionally closureless packaging media such as gabletop and aseptic drink cartons and plastic pouches, although inroads by metal drink cans, flexible packaging and multiserving plastic bottles will limit potential gains. Sales revenues will be fueled by a shift in the product mix in favor of value-added closure types that provide increased product safety, user convenience and/or shelf appeal. Examples include tamperevident, child-resistant and dispensing caps and closures.
Plastic to continue gains over metal, cork closures
Plastic closures will continue to supplant traditional metal and (increasingly) cork types, supported by technological advances and the ongoing shift from glass to plastic and paperboard in consumer packaging applications such as soft drinks and pharmaceuticals. New applications for plastic closures continue to emerge as well, ranging from beer and wine to hot-fill foods such as pickles and sauces.
Beverages to remain top market for closures
Beverages will remain the dominant market for caps and closures, accounting for almost 65 percent of unit demand in 2011. Within the beverage sector, strongest gains are expected in nontraditional products such as sports drinks and flavored milk. Healthy growth is also anticipated in consumer chemical markets such as cosmetics, toiletries and household cleaners, which are enjoying rapid growth and becoming more intensive users of packaging in the developing world.
China, India among the fastest growing markets
Above-average gains are expected in the world’s emerging markets, especially those in Asia. China will lead the way, accounting for over a quarter of projected unit gains in global cap and closure demand through 2011. India will also perform strongly through 2011. The US, which accounts for almost one-fourth of global cap and closure value demand, will also enjoy generally favorable prospects (fueled by a continued shift in the product mix toward value-added configurations), while the mature markets of Western Europe and Japan will see slower growth.
For more information kindly visit
http://www.bharatbook.com/bookdetail.asp?bookid=8117&publisher=
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