Global closures market for beauty and home care

According to a new Euromonitor report, the global market for retail closures reached 1.4 trillion units, marking 2% growth from 2014 driven by the rise in consumption in all regions.
Beauty and personal care is forecast to be the fastest growing industry for closures with a CAGR of 3.3% over 2015-2020. Home care, on the other hand, is growing at a slower pace as key products such as detergents and dishwashing liquids become more concentrated. Although plastic screw and plastic dispensing closures continue to be on the rise, consumers are increasingly seeking more functional closures such as lotion pumps and zip/press closures for both home care and beauty and personal care.
Click here for more information about the report.
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