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Boring. Banal. And worth a boatload.
We're referencing the US caps and closures market, which is due to reach $10.4 billion in 2016 or about 280 billion units. Do some quick figuring and you'll discover that's nearly a thousand plastic caps per capita that year!
Why will the market grow so much? Some of it can be attributed to population gain, of course. But some of that $10.4 billion will be due to material price increases and greater use of value-added dispensing and child-resistant closures.
The demand for single-serving containers, particularly in the beverage market will fuel this market increase, as will further advances by plastic containers into markets once ruled by glass and metal containers. The adoption of plastic caps and closures on other container types, such as gabletop cartons, aseptic cartons and stand-up pouches will also drive demand. Conditions that will limit unit growth are the maturity of several large beverage markets and competition from closure-less alternatives such as peel-able lidding and blister packaging.
Plastic caps and closures, the most prevalent form of closure, will record above average increases through 2016 because of the sheer numbers of plastic containers and the penetration of plastic closures on other kinds of containers.
Dispensing caps, which are generally more expensive than standard types and favored by consumers for their convenience and ease of use, will register the fastest gains among major plastic closure types.
As metal closures will lose market share to plastic closures, increased use of aluminum screw-on closures in the wine market will provide a growth area for this type of closure.
Drugs will be the most rapidly-growing caps and closures market until 2016, aided by the ever-increasing 65+ age group and medical regimens which emphasize medicines over surgery. Furthermore, plastic caps and closure manufacturers will be helped by the plethora of government regulations surrounding child-resistant, senior-friendly and security features on drug vials.
Beverages are by far the largest market for caps and closures. While the popularity of single-serving bottles will stimulate unit gains, this market will affected negatively by greater use of lighter weight, less costly closures. The carbonated soft drink market is expected to transition from two-piece polypropylene caps to lower-priced one-piece linerless caps made from high density polyethylene (HDPE).
We're referencing the US caps and closures market, which is due to reach $10.4 billion in 2016 or about 280 billion units. Do some quick figuring and you'll discover that's nearly a thousand plastic caps per capita that year!
Why will the market grow so much? Some of it can be attributed to population gain, of course. But some of that $10.4 billion will be due to material price increases and greater use of value-added dispensing and child-resistant closures.
The demand for single-serving containers, particularly in the beverage market will fuel this market increase, as will further advances by plastic containers into markets once ruled by glass and metal containers. The adoption of plastic caps and closures on other container types, such as gabletop cartons, aseptic cartons and stand-up pouches will also drive demand. Conditions that will limit unit growth are the maturity of several large beverage markets and competition from closure-less alternatives such as peel-able lidding and blister packaging.
Plastic caps and closures, the most prevalent form of closure, will record above average increases through 2016 because of the sheer numbers of plastic containers and the penetration of plastic closures on other kinds of containers.
Dispensing caps, which are generally more expensive than standard types and favored by consumers for their convenience and ease of use, will register the fastest gains among major plastic closure types.
As metal closures will lose market share to plastic closures, increased use of aluminum screw-on closures in the wine market will provide a growth area for this type of closure.
Drugs will be the most rapidly-growing caps and closures market until 2016, aided by the ever-increasing 65+ age group and medical regimens which emphasize medicines over surgery. Furthermore, plastic caps and closure manufacturers will be helped by the plethora of government regulations surrounding child-resistant, senior-friendly and security features on drug vials.
Beverages are by far the largest market for caps and closures. While the popularity of single-serving bottles will stimulate unit gains, this market will affected negatively by greater use of lighter weight, less costly closures. The carbonated soft drink market is expected to transition from two-piece polypropylene caps to lower-priced one-piece linerless caps made from high density polyethylene (HDPE).
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