Just for fun, stop and examine the top of the next beverage bottle, drug vial or tooth paste tube you buy. Chances are good that it is topped off with a plastic cap or other kind of plastic enclosure. And no wonder: plastic caps and closures dominate the market. U.S. demand for caps and closures is forecast to increase 4.0% to $9.5 billion in 2014, reaching 275 billion units.
That's heady news for the injection plastics industry. Plastic caps and closures, which represented 79% of unit demand in 2009, will see above-average unit and value increases, due to penetration by plastic containers into many new markets. Plastic cap and closure demand is benefiting by the on-going migration in consumer packaging toward plastic containers and away from metal and glass.
Moreover, the compatibility of plastic caps with glass containers and the use of such caps on paper-based beverage cartons will boost growth as well, according to the latest figures. However, the not-so-good news is that gains will decelerate from the stratospheric 1999-2009 performance, reflecting the already deep penetration of plastic containers in most markets.
Further market inroads will come from the greater use of costlier dispensing closures and child-resistant closures. Even more gains will come from the continued spread of single-serving containers, especially in the beverage market, and the growing use of plastic containers for products which heretofore were sold in glass and metal containers.
Drink containers, which form more than 50% of demand, are the lion's share of the market for plastic caps and closures. However, by 2014, beverage containers will trend downward, driven by lower consumption of soft drinks, beer and bottled water. This will be ameliorated, though, by faster-than-normal growth in plastic packing for the pharmaceutical industry due to expanding older demographic groups. Also driving growth will be governmental regulations concerning child-resistant, senior-friendly and security-related packaging.
So cap's off to plastic caps! You are almost everywhere already and advancing quickly to omnipresence!
That's heady news for the injection plastics industry. Plastic caps and closures, which represented 79% of unit demand in 2009, will see above-average unit and value increases, due to penetration by plastic containers into many new markets. Plastic cap and closure demand is benefiting by the on-going migration in consumer packaging toward plastic containers and away from metal and glass.
Moreover, the compatibility of plastic caps with glass containers and the use of such caps on paper-based beverage cartons will boost growth as well, according to the latest figures. However, the not-so-good news is that gains will decelerate from the stratospheric 1999-2009 performance, reflecting the already deep penetration of plastic containers in most markets.
Further market inroads will come from the greater use of costlier dispensing closures and child-resistant closures. Even more gains will come from the continued spread of single-serving containers, especially in the beverage market, and the growing use of plastic containers for products which heretofore were sold in glass and metal containers.
Drink containers, which form more than 50% of demand, are the lion's share of the market for plastic caps and closures. However, by 2014, beverage containers will trend downward, driven by lower consumption of soft drinks, beer and bottled water. This will be ameliorated, though, by faster-than-normal growth in plastic packing for the pharmaceutical industry due to expanding older demographic groups. Also driving growth will be governmental regulations concerning child-resistant, senior-friendly and security-related packaging.
So cap's off to plastic caps! You are almost everywhere already and advancing quickly to omnipresence!
About the Author:
Looking to find the best deal on plastic caps and closures, then visit Advantech Plastic's website to learn more.
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