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What's behind rising cap and closure demand?

from Packaging World

World demand for caps and closures is projected to increase 5.6 percent per year to $58 billion in 2019 according to Cleveland-based industry research firm The Freedonia Group, Inc. In its new study, "World Caps & Closures," Freedonia notes that in unit terms, demand is expected to rise 4 percent annually to 2.2 trillion. It says that 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. more

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