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

Enor expanding in S.C., moving toy production to U.S. from China

August 20, 2014 4:01 pm ET

Wal-Mart Stores Inc. has convinced toy producer Enor Corp. to expand U.S. production at the expense of sourcing from China.    More

Image

Venture Plastics adds 720-ton press

August 20, 2014 2:03 pm ET

Venture Plastics Inc. expanded its El Paso, Texas, custom molding facility in early summer to grow sales.    More

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Germany's Bolta building $50 million plating plant in Alabama

August 19, 2014 2:21 pm ET

A German company is setting up a plastics chrome plating plant in Tuscaloosa, Ala.    More

Image

Report: Graham looking to sell Infiltrator

August 19, 2014 11:32 am ET

Private equity group Graham Partners Inc. reportedly is ready to sell septic tank maker Infiltrator Systems Inc. after holding the Old Saybrook, Conn....    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events