Healthy Growth: New Ceresana Report on the Global Market for Plastic Closures

KONSTANZ, Germany - April 4, 2023 - PRLog -- 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. 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.

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. 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. 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. 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. The demand for plastic closures for the various application areas is examined: lemonades, water, fruit juices, alcoholic beverages, other beverages, food, cosmetics and pharma, other applications such as 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 65 most important manufacturers of plastic closures.

Further information about the market study "Plastic Closures – World" (3rd edition): https://ceresana.com/en/produkt/plastic-caps-closures-mar...