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Demand for closures to grow by 220 billion over next five years
29/09/2008
Canadean has predicted that an additional 220 billion caps and closures will be required to meet demand from the global drinks industry over the next five years.
The Basingstoke-based beverage industry analyst said in its new report, Emerging Trends in Global Beverage Closures that the highest growth will occur in drinking yoghurt, flavoured milk, energy drinks and soya milk closures.
However, in volume terms, closures for packaged water and beer will together account for more than 50% of incremental demand by 2012.
Other key factors influencing growth include a shift to larger pack sizes, which is affecting the size and type of closure used, and a general increase in the use of closures for juice, nectar and milk cartons.
On-the-go consumption has also driven demand for smaller pack sizes for still drinks, water and sports drinks.
The overall share of plastic screw caps is expected to rise from 34% in 2007 to 37% by 2012, mainly owing to their technical versatility and a general rise in the market share of plastic and carton-based beverage packaging.
Sports caps are expected to double their share to 4%, while metal closures, such as steel crowns and aluminium ROPP caps, are expected to fall slightly.
Key market developments include the use of more lightweight closures to meet environmental demands and save on material and energy costs.
The report also predicts greater use of wide-mouth closures to assist drinking straight from the pack, one-step opening systems for cartons, and resealable can ends and closures.
www.packagingnews.co.uk
( Source: PackagingNews )