Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Back to Press Releases

Caps & Closures Used for Beverages to Reach 1.5 Trillion Units in 2021

by Corinne Gangloff

October 24, 2017

Global demand for caps and closures in beverage applications is projected to increase 3.5% annually to 1.5 trillion units in 2021.  Among the most significant factors affecting the beverage industry overall is the shift in consumer preferences toward beverages that are healthy and convenient, with bottled water the primary beneficiary in volume terms. According to analyst Mike Richardson, “Premium beverages are also seeing outsized gains in developed markets.” These and other trends are presented in Global Caps & Closures Market, 9th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm:

  • The bottled water market for closures will register the strongest gains among major beverage types, especially in developing areas such as India and Indonesia.
  • Sports and energy drinks, RTD coffee and tea, and other niche beverages are expected to register the fastest gains in production worldwide and have a greater tendency to use premium or unique packaging as a marketing tool.

Subpar gains are expected for beer, wine, and carbonated soft drinks (CSDs).  The Asia/Pacific region will not only remain the most important regional market for caps and closures in beverage applications but will also see the fastest advances through the forecast period. 

Plastic closures will experience rapid gains, reflecting the continued penetration of PET bottles – which mainly utilize plastic closures – in many beverage applications, particularly the sizable bottled water and CSD segments, although demand in value terms will be constrained to some extent by the commodity nature of most types of beverage closures.

Global Caps & Closures Market, 9th Edition (published 09/2017, 277 pages) is available for $6500 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected].

Related studies include:

  • #3523 Pharmaceutical Packaging Market in the US, 12th Edition
  • #3477 Cosmetic & Toiletry Containers in the US, 7th Edition

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Lubricants Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.