Stay hydrated! Demand for sugary sodas, carbonated soft drinks and juices is hardly growing at all. In contrast, sales of bottled water have increased once again since Corona, probably for hygiene reasons. The trend towards a healthier lifestyle, promoted by many countries, is clearly reflected in the latest edition of Ceresana’s market study „Plastic Closures – World“. In general, more and more packaging made of plastics is needed for food. As a result, demand is also growing for different types of plastic closures, i.e., screw caps, flip-top lids, disc-top closures, dispensers, sprays, lids and caps. Ceresana forecasts that sales of plastic closures – in terms of units – will increase by around 2.9% per year until 2032.
Higher-Quality Closures Gain Market Share
Processors of plastics are trying to get by with less and less material. Last year, simple screw caps still accounted for around two-thirds of the global market for plastic closures. However, the market researchers at Ceresana are registering a trend towards more elaborate closures, particularly for premium products such as perfumes or pharmaceuticals. Manufacturers and sellers of packaging for cosmetic and pharmaceutical products are benefiting from social developments: More and more women are working outside the home, healthcare is starting to improve in poorer countries, and in already industrialized regions demographic change is causing an increase in the consumption of medication. The growth of convenience and on-the-go products is increasing demand for resealable packaging, especially in the food sector.
Polypropylene and Polyethylene Ahead of PET
Practical and lightweight stand-up pouches for liquids, viscous substances, creams and other applications are increasingly being manufactured with an integrated and closable spout. Due to the smaller size of these closures, manufacturers must meet different requirements for these flexible packages than for traditional screw closures. The different demands for and designs of the closure types have an impact on the choice of plastics used in each case. Ceresana’s new study provides separate figures on the global closure market for the plastic types polypropylene (PP), polyethylene (HDPE and LDPE), polyethylene terephthalate (PET), polystyrene (PS) and the „other plastics“ aggregate. There are clear regional and country-specific differences.
The Current Ceresana Market Study “Plastic Closures – World”:
Chapter 1 analyzes the world market for plastic closures: for the whole world and its regions, production and demand figures in billions of units respectively. Global demand for plastic closures is broken down for the various plastic grades polypropylene (PP), polyethylene (HDPE and LDPE), polyethylene terephthalate (PET), polystyrene (PS) and the aggregate „other plastics“. This includes forecasts up to 2032. In chapter 2, production, import, export as well as consumption of plastic closures in billions of units are given for the 19 most important countries. In addition, the demand for plastic closures for the various application areas is examined for each country: lemonades, water, fruit juices, alcoholic beverages, other beverages, food, cosmetics and pharma, other applications such as household and industrial chemicals. The types of closures are also differentiated: screw caps, flip-top and disc-top closures, dispensers and sprays, lids and overcaps. Chapter 3 provides useful company profiles of the most important manufacturers of plastic closures, clearly arranged by contact details, revenues, profit, product range, production sites and brief profile. Detailed profiles are provided by 65 manufacturers, such as ALPLA Werke Alwin Lehner GmbH & Co KG, Amcor Ltd., Berry Global Group, Inc., Silgan Holdings Inc, Sonoco Products Co., Ltd., Tetra Laval Group, and Toyo Seikan Co., Ltd. Further information about the market study “Plastic Closures – World” (3rd edition): https://ceresana.com/en/produkt/plastic-caps-closures-market-report-world
About Ceresana
As one of the world’s leading market research institutes, Ceresana specializes in the chemicals, plastics, packaging, and industrial goods sectors. Special focus areas are bio-economy and automotive / mobility. Since 2002, companies have benefited from high-quality industry analyses and forecasts. Over 250 market studies provide more than 10,000 clients around the world with the knowledge base for sustainable success. More about Ceresana at www.ceresana.com
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