EUROPEAN PLASTIC CAPS AND CLOSURES
Growth in value added products to be above average / Overall market to increase by 2% annually to 2019 / AMI report
 The market structure is changing as a result of consolidations, AMI says (Photo: Messe Düsseldorf) |
The outlook for the plastic closures market is positive with overall demand growing by 2% annually, reaching 256 bn units in 2019. Growth in added value products will be well above the average, with further output growth and increasing demand for premium products, according to a recently published report, “Plastic Caps and Closures in Europe 2015”, from industry consultants AMI Consulting (Bristol / UK; www.amiplastics.com).
Plastic closures demand in Europe exceeded 230 bn units in 2014, up from 215 bn in 2010, with the fastest growing market segments being solid food and non-carbonated beverages, reflecting the economic recovery in a number of European countries.
Márta Babits, AMI Consulting’s consumer packaging market analyst, said: “Brand owners are looking for a full packaging solution for their products in which the role of closures is increasingly valued. Well designed closures can improve product differentiation, aesthetics and functionality.”
The caps and closures industry is becoming increasingly technology driven with rising levels of R&D investment and technical expertise required, the report says. Technology developments enable added value and premium products to be manufactured at lower cost and speed up time-to-market.
Whereas the beverage market is still growing, it now accounts for only 35% of consumption, with non-beverage applications growing faster and providing a number of added-value and developing niches. The report identifies strong inter-polymer competition between PE and PP with the former gaining in beverages and the latter in non-beverages.
The structure of the industry is changing with consolidation underway driven by both organic growth and mergers and acquisitions such as 3i (London / UK; www.3i.com) acquiring Weener Packaging (Weener / Germany; www.wppg.de) in July 2015 – see Plasteurope.com of 08.06.2015. The largest manufacturers in Europe include Austrian packaging and bottle producer Alpla (Hard; www.alpla.com), dispensing systems manufacturer Aptar (Crystal Lake, Illinois / USA; www.aptargroup.com), German plastic closures manufacturer Bericap (Budenheim; www.bericap.com) and Global Closure Systems (Saint-Cloud / France; www.gcs.com), AMI said. In the most recent industry news, Luxembourg-based Procap (Wiltz; www.procap.com) in late September changed its name to United Caps (www.unitedcaps.com) – see Plasteurope.com of 21.09.2015.
Plastic closures demand in Europe exceeded 230 bn units in 2014, up from 215 bn in 2010, with the fastest growing market segments being solid food and non-carbonated beverages, reflecting the economic recovery in a number of European countries.
Márta Babits, AMI Consulting’s consumer packaging market analyst, said: “Brand owners are looking for a full packaging solution for their products in which the role of closures is increasingly valued. Well designed closures can improve product differentiation, aesthetics and functionality.”
The caps and closures industry is becoming increasingly technology driven with rising levels of R&D investment and technical expertise required, the report says. Technology developments enable added value and premium products to be manufactured at lower cost and speed up time-to-market.
Whereas the beverage market is still growing, it now accounts for only 35% of consumption, with non-beverage applications growing faster and providing a number of added-value and developing niches. The report identifies strong inter-polymer competition between PE and PP with the former gaining in beverages and the latter in non-beverages.
The structure of the industry is changing with consolidation underway driven by both organic growth and mergers and acquisitions such as 3i (London / UK; www.3i.com) acquiring Weener Packaging (Weener / Germany; www.wppg.de) in July 2015 – see Plasteurope.com of 08.06.2015. The largest manufacturers in Europe include Austrian packaging and bottle producer Alpla (Hard; www.alpla.com), dispensing systems manufacturer Aptar (Crystal Lake, Illinois / USA; www.aptargroup.com), German plastic closures manufacturer Bericap (Budenheim; www.bericap.com) and Global Closure Systems (Saint-Cloud / France; www.gcs.com), AMI said. In the most recent industry news, Luxembourg-based Procap (Wiltz; www.procap.com) in late September changed its name to United Caps (www.unitedcaps.com) – see Plasteurope.com of 21.09.2015.
24.09.2015 Plasteurope.com [232234-0]
Published on 24.09.2015
German version of this article...