Freedonia In The News

Article Title: Plastic accounts for 79% of demand as shift away from glass and metal packaging continues / Overall
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Publication: Plastics Information Europe, 1/9/2013
Freedonia Study: Caps & Closures (2975)

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Plastic caps and closures are by far the largest material type, accounting for 79% of unit demand in 2011, and are expected to achieve above average unit and value increases up to 2016, based on the high volume of plastic containers and the expanded use of plastic closures on other container types. Gains will be supported by the long-term shift in the consumer packaging mix away from glass and metal containers to plastic alternatives, the researcher said.
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Article Title: World demand for caps & closures to reach $46 billion in 2016
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Publication: Plastics Today, 4/4/2013
Freedonia Study: Caps & Closures (2975)

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Overall, the most rapid increases in cap and closure demand will occur in the world's developing regions. The Asia/Pacific region, particularly developing Asian countries, will post fast gains and remain the biggest market due to its large food and beverage industries. The highest growth rates are expected in India and China, with Indonesia, Brazil, Russia and Mexico also expected to see healthy advances. In contrast, market maturity in developed countries, as well as market saturation in bedrock applications such as bottled beer, water, and carbonated soft drinks, will moderate overall growth.
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