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Ceresana Research Publishes New Study on European Closures Market - Small Caps, Large Opportunities - Ceresana Research has investigated the European market for plastic caps and closures: Until 2017 revenues will increase from 1.7 billion Euro to more than 2 billion Euro per year
Ceresana Research Publishes New Study on European Closures Market - Small Caps, Large Opportunities

 

PRZOOM - /newswire/ - Konstanz, Baden-Wuerttemberg, Germany, 2010/10/26 - Ceresana Research has investigated the European market for plastic caps and closures: Until 2017 revenues will increase from 1.7 billion Euro to more than 2 billion Euro per year.

   
 
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Push-Pull, Twist-Top, Snip-Tip, or rather Toggle-Swing? The selection of caps and closures is not usually straightforward, and new varieties are constantly being developed. “Although inexpensive and standard products are being applied in many sectors, the trend towards more complex closure systems remains unbroken”, explains Oliver Kutsch, owner of the market research institution Ceresana: “Above all, more functionality, better technical characteristics, and convenience are in demand, in addition to weight reduction, energy saving during production, and recycling.” Ceresana has taken the European plastic closure market under the magnifying glass.

Market Worth Billions

Synthetic wine corks, spray pumps, caps for deodorant rollers, caps for tubes, and other closures are typically only small parts, but are altogether a noticeable growth market: More than 200 billion plastic closures were sold throughout Europe in the past year, 60 billion more than at the start of the decade. Ceresana Research expects to see continuous growth at an average rate of 2.3 percent per year until 2017. Revenue from plastic closures in Europe will consequently increase from 1.7 billion Euro to more than 2 billion Euro per year. Manufacturers of caps and closures, as well as producers of the corresponding machines and suppliers of plastics and additives will primarily profit from an increased use of plastic packaging for foods and drinks. Polypropylene and polyethylene are being used increasingly for closures. Significant growth can especially be seen in certain sub-segments of the beverage sector, such as beer, yogurt, milk products, and sports drinks.

Regional Differences

Production and consumption of plastic caps and closures is seeing the strongest growth in Russia, Poland, and Turkey. Manufacturers in Eastern Europe are investing above all in mass production of standardized products, such as screw-caps for PET bottles. In contrast, producers in Western Europe are concentrating, for example, on complex closures systems with seals and built-in dosing devices for medications. Optical characteristics, such as transparency and gloss, especially play an important role in packaging for cosmetics.

Detailed Overview

The multi-client Market Study: Plastic Caps and Closures analyzes on 1,100 pages the plastic closure market in 31 European countries – and gives prognoses until 2017. Production, consumption, imports, exports, and revenue are investigated in detail. In addition to a producer directory with 379 profiles of closure manufacturers, the report offers a comprehensive insight into market dynamics, innovations, and trends. The study also presents concise information on the most important varieties of closure types: advantages, application possibilities, legal situations, disposal, and recycling. The market report on plastic closures is available in English or German from Ceresana Research.

About Ceresana Research
Ceresana Research (ceresana.com) is one of the world's leading industrial market research institutions. Companies, institutions, and organizations from more than 45 countries have already benefited from our global market data and well-founded prognoses. Our core competencies include: chemicals + plastics + additives + commodities + materials + industrial components + packaging + construction materials + pipes + stabilizers + paints + varnishes + cosmetics + detergents.

 
 
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Ceresana Research Publishes New Study on European Closures Market - Small Caps, Large Opportunities

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Contact: Martin Ebner - Ceresana.com 
+49 7531 94 29 71 info[.]ceresana.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ceresana securities in any jurisdiction including any other companies listed or named in this release.

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