Global cap market stays stable with 2 percent growth

Charlotte Eyre

Published: November 26, 2012 6:00 am ET

Related to this story

Topics Packaging, Injection Molding

BRUSSELS (Nov. 26, 10:50 a.m. ET) — — The global caps and closures market showed only some movement last year with 2 percent growth, said industry analyst Dominic Cakebread at the Caps and Closures Conference.

Cakebread, director of packaging services at research group Canadean, said fluctuations in the economy, despite a slight recovery in Europe in early 2011, means the industry has not shown significant changes in terms of growth.

“There were some recent signs of a pickup in Europe and North American in the third quarter this year but the overall situation remains fragile and pretty mixed,” he said.

Cakebread also noted that the long-term drivers of market change, for example population growth and urbanization, do not really change.

Asia is still the largest market for caps and closures, followed by North American and then Europe. Latin America is just behind Europe in terms of sales and is rapidly catching up with the region, while eastern Europe fell back slightly in 2011.

In terms of type of material, plastics are still dominant, accounting for 46 percent of the market in 2011, up from 37 percent in 2003.

Moving forward, there needs to be more innovations in terms of technology, which are “the enablers of packaging”, said Cakebread.

“There are market drivers – governments and consumers – but we also need new technologies to drive change,” he said.

Technological innovations are particularly important during this time of economic slowdown, as manufacturers are looking to spend less but achieve a higher technical performance. Improvements in existing materials, processing and filling technologies can also help firms address environmental concerns, he added.

The Plastics Caps and Closures Conference — Europe 2012 was hosted by European Plastics News and took place Nov. 20-21 in Brussels.


Comments

Global cap market stays stable with 2 percent growth

Charlotte Eyre

Published: November 26, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Bubbles add some flair to 'Plain Jane' PET bottles

December 17, 2014 1:05 pm ET

Ron Puvak and the folks over at Plastic Technologies Inc. see big things coming from some very tiny bubbles.    More

Image

Amcor unveils hot-fill PET jars that accept metal lug closures

December 17, 2014 8:47 am ET

Amcor Rigid Plastics has developed hot-fill PET jars that accept metal lug closures — which the company claims is a first for food packaging.    More

Image

Milacron opening Mexico technical center, considers another in Brazil

December 16, 2014 12:58 pm ET

Milacron LLC plans to officially open a new technical center in Querétaro, 140 miles northwest of Mexico City, early in 2015, and the company is consi...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events