US research firm Frost & Sullivan released a research report recently that the plastic cap market in North America is currently in a golden period of development. The sales of plastic caps are huge and the growth is good. It is estimated that by 2016, the North American plastic cap market will reach 172.3 billion.
At present, the most commonly used plastic cover material in North America is polypropylene, accounting for about 81%; high-density polyethylene is the second largest plastic cover material, due to its light and strong, the next few years, the amount will be with the beverage market for a single layer seal The increase in cover demand continues to expand. Compared with these two kinds of materials, the amount of other materials is very small.
Wide range of applications
In 2009, the North American plastic closure market reached 158 billion, with a market value of 3.7 billion U.S. dollars, and continued to grow at an annual growth rate of 1.3%. Plastic closures can be divided into five categories based on their different functions: tamper-evident caps, screw caps, dispensing caps, dispensing valve system caps, and child-resistant caps. Frost & Sullivan pointed out that under this standard, the current market share of tamper-evident closures is 65%; followed by screw caps and distribution closures. Relatively speaking, the demand for dispensing valve system cover and child-resistant opening cover is currently low, but it is in the market growth period, especially the growth momentum of child-resistant closures is strong, the annual growth rate of 5.8% is the next step. Investment hot spots; tamper-proof covers and screw caps have entered the mature and recession period.
From the application perspective, beverages, food, personal protection, pharmaceuticals, household and industrial chemicals, and automation are the main areas for plastic closures in North America. Among them, the beverage market is the main application area for plastic closures, which accounts for 63% of the market and brings about 2 billion U.S. dollars in revenue. In addition to the smallest share of automation applications (only 1%), the proportion of applications in other areas is quite similar. It is worth mentioning that although plastic caps currently occupy only 8% of the pharmaceutical market, their growth is strong, with an annual growth rate of 5.8%.
The market is highly fragmented
In 2009, the North American plastic closure market was highly fragmented. No company can occupy an absolute monopoly position. Each company has its own competitive products.
Rexam, the second largest consumer goods outsourcing company in the world, is currently the leader in North America's plastic closure industry. Its partners include Coca-Cola, Procter & Gamble and other multinational giants. Its business scope covers almost all types of plastic closures and is the most competitive in the industry. s company. The second-ranked CSI company focuses on the capping system, which also occupies a considerable market share. In addition, Aptar Group Inc., Berry Plastics and other companies are also well-known companies in the industry and have the same competitive strength.
Lightweight, healthy products are popular
Behind the boom in the North American plastic closure market is several driving forces. The first is that global warming raises the temperature, thus increasing the sales of bottled water; at the same time, people’s attention to health issues and increased disease increase the demand for medicines; and the potential dangers of epidemics such as personal protection and household chemicals Increase in demand. These are the main reasons for the prosperity of the plastic cover market.
The plastic closure market also has some restrictive factors. For example, people reduce the purchase of carbonated beverages that affect health, which weakens the application of plastic closures to a certain extent; with the increase in the use of pure synthetic engine lubricants, the replacement cycle is more than that of semi-synthetic motor oils. As a result, the amount of plastic caps on the engine is reduced.
Lightweight plastic lids are currently favored on the market because lightweight plastic lids not only help reduce production costs, but are also more convenient for customers to use, leading to increased sales. In addition, lighter, healthier monolithic closures are welcomed by consumers in the beverage market.