World demand for caps and closures to reach $46 billion by 2016

02/20/2013

The world demand for caps and closures is projected to rise 5.3% per year to reach $46 billion in 2016, according to a new study from The Freedonia Group.

The study cites value gains will be supported by raw material price increases and greater use of value-added closures such as dispensing, child-resistant and tamper-evident types. In addition, the increase is driven by the continued popularity of single-serving bottles in the beverage market and further inroads by plastic containers into closureless packaging segments such as metal cans.

The beverage segment will remain by far the single largest cap and closure market, supported by the continued popularity of single-serving beverages and the widening presence of plastic bottles in markets once dominated by metal cans.
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