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Healthy Growth: New Ceresana Report on the Global Market for Plastic Closures
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. 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:
Further information about the market study "Plastic Closures – World" (3rd edition): https://ceresana.com/