Global caps & closures market

According to a new report by Freedonia, world demand for caps and closures will exceed $55 billion in 2019. In unit terms, global demand is expected to exceed two trillion annually. Beverages will continue to account for well over half of overall demand in units. However, pharmaceuticals and a number of smaller markets are expected to register faster growth.
Although the most developed markets -- the US, Western Europe, Japan -- will retain their positions among the largest outlets, developing economies will generally register faster growth. China, already among the world’s largest markets for caps and closures, will continue to grow much more rapidly than the world average.
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