Freedonia In The News
Article Title: Demand for caps and closures forecast to increase
Publication: European Plastics News, 10/2/2014
Freedonia Study: Caps & Closures (3195)
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US-based research company, Freedonia, has released a report estimating that the demand for caps and closures is expected to increase by 4% per year to hit $11.1bn (€8.57bn) in 2018.
The company says that the increases will be driven by an acceleration in container unit growth reflecting that of the period between 2008 and 2013, the continued popularity of single serving containers, and greater use of more expensive products such as child-safe closures.
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