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Revenue from plastic closures in Europe to rise to over ? 2 bln pa

October 27/2010

(Plastemart) -- Ceresana Research expects to see continuous growth at an average rate of 2.3% pa until 2017. Revenue from plastic closures in Europe will consequently increase from ?1.7 bln to more than ?2 bln pa. The selection of caps and closures is not usually straightforward, and new varieties of push-pull, twist-top, snip-tip, toggle-swing are constantly being developed.


Although inexpensive and standard products are being applied in many sectors, the trend towards more complex closure systems remains unbroken.


Synthetic wine corks, spray pumps, caps for deodorant rollers, caps for tubes, and other closures are typically only small parts, but are altogether a noticeable growth market: more than 200 billion plastic closures were sold throughout Europe in the past year, 60 bln more than at the start of the decade.


Polypropylene and polyethylene are being used increasingly for closures. Significant growth can especially be seen in certain sub-segments of the beverage sector, such as beer, yogurt, milk products, and sports drinks.


Production and consumption of plastic caps and closures is seeing the strongest growth in Russia, Poland, and Turkey. Manufacturers in Eastern Europe are investing above all in mass production of standardized products, such as screw-caps for PET bottles.


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