Caps and Closures Market opportunities
Caps & Closures to 2014
US demand to reach $9.5 billion by 2014
US demand for caps and closures is expected to reach $9.5 billion in 2014, with unit demand exceeding 270 billion. Advances will be driven by the popularity of value-added designs such as childresistant closures (CRCs) and dispensing closures, with the latter offering increased convenience and controlled product release in numerous applications. ( http://www.bharatbook.com/detail.asp?id=154297&rt=Caps-Closures-to-2014.html )
Rubber, plastic closures to offer best opportunities
Plastic closures, by far the dominant closure material in value and units, will experience above-average growth, reflecting further inroads by plastic containers into markets once dominated by glass and metal, and solid gains for value-added closure types such as dispensing and CRCs. In addition, plastic closures will continue to replace metal closures on glass food containers. However, unit and value advances will decelerate from the 2004-2009 pace based on the maturity of several beverage applications and the lightweighting of closures for sustainability and cost reduction. Additionally, prospects for plastic caps and closures will be moderated by competition from packaging formats that do not typically use closures, such as stand-up pouches and blister packs. The increasing use of peelable lidding rather than rigid lids in single-serving cups will also restrict expansion.
Synthetic cork closures will see continued solid growth due to performance and cost advantages over natural corks. In addition, prospects will be aided by rising wine consumption, due in part to the aging of the US population and wine’s increasing position as not only a beverage consumed at social events but also accompanying everyday meals. Rubber stopper demand will register the fastest gains, driven by upward trends in the development and production of parenteral drugs and solutions and the adaptation of an expanding range of parenteral medication and vaccines to prefillable syringes.
Aggregate unit demand for metal caps and closures is expected to remain essentially flat, as metal closures lose further ground to plastic closures based on the ongoing supplantation of glass containers by plastic alternatives and compatible plastic closures. However, the overall outlook masks well-above average growth in aluminum roll-on closures for wine packaging. Problems of “cork taint” have enabled aluminum rollons to capture more of the wine market in recent years as alternatives to natural and synthetic corks.
Pharmaceuticals to be fastest growing market
The pharmaceutical market will register the fastest gains, aided by above-average growth among older segments of the population, which comprise many of the most intensive consumers of pharmaceuticals. In addition, opportunities will be helped by the adoption of stricter regulations and standards governing the child-resistant, senior-friendly and security features of pharmaceutical packaging. However, demand will be moderated somewhat by the increasing use of blister packs and other closureless containers (e.g., strip packs, pouches) in the unit dose packaging of medication. While beverages will remain by far the largest market in unit terms, demand will lag the overall average and will decelerate from the 2004-2009 period based on the maturity of large-volume markets such as carbonated soft drinks and beer, along with a slowdown in bottled water growth due to environmental concerns.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=154297&rt=Caps-Closures-to-2014.html
Related Reports
World Caps And Closures
http://www.bharatbook.com/detail.asp?id=94893&rt=World-Caps-And-Closures.html
World Outlook for Caps and Closures
http://www.bharatbook.com/detail.asp?id=95205&rt=World-Outlook-for-Caps-and-Closures.html
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