Value gains will be driven by growing consumer preference for closures that offer convenience and ease-of-use advantages, as well as product safety features. The Asia/Pacific (despite significant deceleration in China) and Africa/Mideast regions will offer the fastest growth opportunities, while most developed markets will present more modest gains. However, advances through 2021 will generally decelerate from those of the 2011-2016 period, although growth in Eastern Europe will pick up. Bottled water will be the largest and fastest growing of the major applications for closures.
Plastic caps and closures will gain share primarily due to the shift in container mix generally favoring plastic over metal and glass. Plastic containers and closures offer a number of advantages, including lighter weight, reduced losses due to breakage, and a wider range of design options. The declines of metal and glass are not universal, however. Metal closures retain a dominant share of the beer market in most regions, and metal screwcaps continue to grow in the wine market.
This study presents historical demand data (2006, 2011 and 2021) and forecasts for 2021by region, product (plastic, metal, rubber, and cork), and market (beverages, food, pharmaceuticals, and other). The study also evaluates company market share and provides analysis on industry competitors including Amcor, AptarGroup, BERICAP, Berry Global, Closure Systems International (Reynolds Group), Corticeira Amorim, Crown, Global Closures Systems (RPC Group), Guala Closures and Silgan.
Published: September 2017
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Number of Pages: 277
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The Freedonia Group, Inc. is a leading international industry market research company that provides information and analysis needed to make informed strategic decisions for your business. Freedonia’s industry market research on Packaging covers a broad range of packaging materials (e.g., paper, plastic, metal) and applications (e.g., protective packaging, food containers). In each case various factors affecting demand are considered such as renewability, life style, distribution, end use product demand and other related issues. All studies include market size, forecasts, product and market segmentations, related economic indicator and regulatory analysis, market share estimates, a discussion of industry structure, and profiles of the leading companies.