The overall global demand for caps and closures is expected to grow at 5.6% annually through 2019, according to Freedonia’s (freedonia.com) study “World Caps & Closures.” Beverages account for nearly two-thirds of global cap and closure demand. Beer, carbonated soft drinks and bottled water are the largest segments.
The most dynamic market will be in the wine segment. Wine bottles are predominately adorned with a natural cork, synthetic cork, wooden cork or metal screw top. With more and more wineries opening around the globe – and many in U.S. states that have never seen a winery – it’s imperative to top a bottle with a state-of-the-art design. Additionally, the wine industry has escalated in sheer volume of bulk wine trade, which is shifting where bottling occurs.