Market Overview

Global Caps & Closures Market to 2021 by Product (Plastic, Metal, Rubber, and Cork) and End-User (Beverages, Food, Pharmaceuticals, and Other) - ResearchAndMarkets.com

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The "Global
Caps & Closures by Region, Product and Market, 9th Edition"

report has been added to ResearchAndMarkets.com's
offering.

This study presents historical demand data (2006, 2011 and 2021) and
forecasts for 2021 by 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
  • Silgan

Advanced Products Drive Growth in Specialty Films Market

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.

Key Findings

Plastic Caps and Closures Will Increase Their Already-Large Share of
Demand

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.

Bottled Water Leads Growth in Most Markets

Bottled water has become the leading closures market in unit terms. In
developed markets, bottled water is viewed as a convenient on-the-go
beverage option, and a healthier alternative to soft drinks and other
more caloric beverage choices. In some developing areas, bottled water
demand has been driven by substandard local water supplies, as well as
rising personal incomes that have made bottled water a more accessible
convenience.

Pharmaceutical Applications to Register Robust Growth

Gains in the pharmaceutical market will be driven by sustained growth in
pharmaceutical output, as well as from ongoing efforts by drug makers to
remain in compliance with government regulations and industry standards
involving the child-resistant, senior-friendly, and security features of
packaging systems. Growth in value terms will also benefit from
increased use of high value-added dispensing and other functional
closures that aid in the administration of oral liquid, topical, and
other selected medicines.

For more information about this report visit https://www.researchandmarkets.com/research/gdprhl/global_caps_and?w=4

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