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Follow on Google News | Ceresana Publishes the Worldwide Most Comprehensive Market Analysis on Plastic Caps and ClosuresBy: Ceresana Market researchers at Ceresana forecast global demand for plastics caps and closures to rise to more than 1,1 trillion units (1,100,000,000,000) Growth Market Cosmetics and Pharma This worldwide most comprehensive market report regarding plastic caps and closures also offers a detailed analysis of individual application areas. In 2012, about 62% of all caps and closures were processed in the sector Beverages (Lemonades, Water, Fruit Juices, etc.). The remaining closures are utilized for applications such as food containers, cosmetics, personal care products, perfumes, pharmaceuticals, and household detergents. "The sector Cosmetics and Pharma in particular will experience a highly dynamic development during the next couple of years. Demand for plastic caps and closures is likely to increase by 4.9% p.a. until 2020", forecasts Oliver Kutsch, CEO of Ceresana. Trend and Market Dynamism The market for plastic caps and closures is profiting substantially from an increasing use of packaging made of plastics, of PET-based disposable bottles in particular. Rising demand for bottled water and smaller packaging sizes as well as dispensing systems will provide important stimuli to growth in the future. The quality of plastic caps and closures is improving continuously. Thus, they gain access to segments that traditionally used other materials. Examples for this trend are the sub-categories wine, beer, or liquid foodstuffs such as sauces. More restrictive packaging standards in countries of strong economic development and increasing requirements of consumers on packaging all around the world are likely to result in a rising consumption of advanced closures, such as temper-evidence caps and dispensers. Reduction of costs and weight remains a declared goal of manufacturers. On the other hand, lighter closures still have to meet the high requirements. Additional growth impulses are provided by an increase of world population, rising standards of life in emerging countries, and the spread of a westernized way of consuming. As a consequence, Ceresana forecasts a considerable increase of demand to occur in Asia in particular. This region is expected to increase world market share from 34% to approx. 42% during the next eight years. The Study in Brief: Chapter 1 provides a presentation and analysis of the market for plastic closures, including forecasts up to 2020: Demand and production volume are given for each region. Chapter 2 examines the 19 largest countries of the market for plastic caps and closures in more detail: France, Germany, Italy, Spain, the United Kingdom, Poland, Russia, Turkey, Canada, Mexico, the USA, Argentina, Brazil, China, India, Indonesia, Japan, South Korea, and Thailand. Data on demand, production, import, and export is provided for each country. Demand is analyzed in detail split by the application areas Lemonades, Water, Fruit Juices, Alcoholic Beverages, Other Beverages, Food, Cosmetic/Pharma, and other applications. Chapter 3 offers a depiction of global demand for plastic closures in individual applications. It also provides data on demand development, split by Western Europe, Eastern Europe, North America, South America, Asia-Pacific, and the Middle East / Africa. Chapter 4 provides profiles of the largest manufacturers of plastic caps and closures, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, products, and applications. Extensive profiles are given for 97 producers, such as: Aptargroup Inc., Bericap GmbH und Co. KG, Berry Plastics Corporation, Global Closure Systems Group, Guala Closures Group, MeadWestvaco Corporation, Reynolds Group Holdings Ltd., Tetra Pak International SA, Toyo Seikan Group Holdings, Ltd., and TricorBraun Inc. www.ceresana.com/ End
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