The caps and closures segment of the packaging industry includes threaded caps, lug caps, roll on closures, snap caps, hinged and dispensing closures, metal/plastic closure combinations, stoppers and canning lids. The segment serves the following markets: food and beverage packaging, non-food & beverage packaging (personal care, health and beauty, etc.), pharmaceuticals, industrial packaging (home care, chemicals, paints, etc.) and automotive.
The caps and closures segment has continued to hold its ground over the last five years (2007-2012). For instance, the market for caps and closures is $37.5 billion (2012), up 3.2 % Compound Annual Growth Rate (CAGR) or $5.4 billion over five years, despite the severe economic downturn. PMG expects the global market for caps and closures to grow slightly faster over the next five years to $47.2 billion by 2017, a CAGR of 4.7% or $9.7 billion for the period. Over this coming period, plastic caps and closures are forecast to continue to dominate market share with sales rising from $26.8 billion in 2012 to $34.3 billion in 2017.
This report covers the caps and closures segment of the packaging industry for multiple markets from a global perspective. Sales figures are provided for Europe, Asia, the United States, the rest of North America and the Rest of the World (RoW).