Innovation in Caps and Closures 2013 report provides detailed analysis of and insight into recent packaging innovations in the global caps and closures market related to key trends, drivers, and issues.
Lewes, DE -- (SBWIRE) -- 11/27/2013 -- The constantly changing nature of consumers’ and converters packaging demand makes it difficult to understand exactly which packaging caps and closures will be the focus of future growth. This report clarifies and quantifies future demand patterns and the types of innovations best placed to exploit them, so packaging manufactures and suppliers can plan for the future in confidence.As consumer product demand evolves, the dynamics between different packaging caps and closures also evolves – favoring some closure types and formats and leaving others increasingly out of line with demand patterns. As a result, understanding the shifting market dynamics is key to ensuring maximum sales in the future.
Packaging suppliers need to react to the changing demands of customers, consumers, and regulation in order to plan for the future. But it’s not all cost reduction and light weighting. Packaging needs to adapt to a more complex picture of how consumption needs vary by product category and its positioning. More specific product positioning by finished goods manufacturers and retailers in many cases means more specifically tailored packaging closures – creating opportunities for the industry.
This report provides a comprehensive analysis of the packaging caps and closures landscape, including data for past, current, and future demand for caps and closures in the Beverage, Food, and Health & Beauty industries, while packaging innovations are also identified by industry. In addition, the results of a survey of leading players in the packaging industry are also included, highlighting the key areas of future innovation for caps and closures.
Key findings of the report:
1) The beverage closures market saw a change in material dominance in 2012 as plastic closures took over in popularity from metal closures. The advance in use of plastic closures is primarily associated with increased use of plastic packaging in beverages, principally PET bottles.
2) The food market is made up of a variety of different closure types, with no format taking a clear majority. In 2012, film took the highest percentage of the market. Screw top was the next most popular format, followed by prize off and plastic tie.
3) While light weighting, resealability, low cost, and improved tamper evidence will all remain at the height of focus for the closure industry, innovations surrounding functionality are predicted to be the main driver over the next three years.
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