World Demand For Caps & Closures To Reach 2.2 Trillion Units In 2019

World demand for caps and closures is projected to increase 5.% per year to US$ 58BN in 2019. In unit terms, demand is expected to rise 4.0% annually to 2.2 trillion. Although the majority of cap and closure demand in unit terms is for low-cost commodity types such as plastic screw caps and metal crowns, market value growth will be driven by the growing use of more sophisticated closure products in packaging for pharmaceuticals and beauty products. While gains in the developing world will generally be faster than those in developed markets, growth opportunities will also exist in the large US and West European markets. These and other trends are presented in a new study from Freedonia, "World Caps & Closures."