Take a minute and examine the top of the next soda bottle, drug vial or toothpaste tube you purchase. Odds are that it's sealed with a plastic cap or other kind of plastic closure device. Stands to reason: plastic caps and closures rule the packaging market. Demand for plastic caps and closures is expected to rise 4.0% to $9.5 billion by 2014, topping 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.
Even better, the marrying of plastic caps with paper-based containers and glass bottles will increase growth as well, experts say. However, the bad news is these increases will start slowing from the blistering 1999-2009 pace. This is to be expected because the already deep penetration of plastic containers in most markets can't keep going on forever.
Market gains will be boosted by greater use of more expensive dispensing closures and child-resistant closures. Further gains will be supported by the continued popularity of single-serving containers, especially in the beverage market, and increasing use of plastic containers for products formerly distributed in glass and metal containers.
Beverages, which represent over 50% of demand, are the largest market for caps and closures. Through 2014, beverage applications will experience below-average gains based on weak consumption outlooks for major segments such as carbonated soft drinks and beer, and a sharp deceleration for bottled water. Pharmaceutical applications will register the fastest gains through 2014, aided by above-average growth among older segments of the population and the need to comply with regulations and standards governing the child-resistant, senior-friendly and security features of pharmaceutical packaging.
Looks like the lowly plastic cap, which is darn near ubiquitous now, is poised to become omnipresent!
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.
Even better, the marrying of plastic caps with paper-based containers and glass bottles will increase growth as well, experts say. However, the bad news is these increases will start slowing from the blistering 1999-2009 pace. This is to be expected because the already deep penetration of plastic containers in most markets can't keep going on forever.
Market gains will be boosted by greater use of more expensive dispensing closures and child-resistant closures. Further gains will be supported by the continued popularity of single-serving containers, especially in the beverage market, and increasing use of plastic containers for products formerly distributed in glass and metal containers.
Beverages, which represent over 50% of demand, are the largest market for caps and closures. Through 2014, beverage applications will experience below-average gains based on weak consumption outlooks for major segments such as carbonated soft drinks and beer, and a sharp deceleration for bottled water. Pharmaceutical applications will register the fastest gains through 2014, aided by above-average growth among older segments of the population and the need to comply with regulations and standards governing the child-resistant, senior-friendly and security features of pharmaceutical packaging.
Looks like the lowly plastic cap, which is darn near ubiquitous now, is poised to become omnipresent!
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Looking to find the best deal on plastic caps and closures, then visit Advantech Plastic's website to learn more.
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