Freedonia Consulting has recently released the “Global Plastic Bottle Cap Market Report”, predicting that the global demand for plastic caps will increase at a rate of 4.1% per year. By 2021, the global demand for plastic caps will reach 1.9 trillion. This is mainly due to bottled water. Due to rapid development, bottled water has become the largest application area for plastic bottle caps.
The report pointed out that in 2016, threaded plastic caps accounted for the largest share of plastic caps, and demand will continue to rise. It is expected that by 2021 it will account for more than 67% of the market share. The development of threaded plastic caps is to some extent affixed Values such as dispensing, prevent children from opening and other functions.
Plastic caps are increasingly popular in disposable bottled water and sports drink applications, which are usually packaged in plastic bottles with flip or push-pull caps for easy opening without the need to remove the caps.
In terms of geographical distribution, the Asia-Pacific region is still the fastest growing region in the world in terms of demand for plastic caps, with the growth of food, beverage and pharmaceutical production exceeding the average growth rate.