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Strategy Briefing

Global Food and Drinks Closures: Performance and Opportunities

Sep 2016

US$1,325

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About This Report

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Retail sales of food and beverage closures are on the rise and will likely maintain this trend to 2020. This growth is primarily driven by a significant shift from unpackaged water and dairy towards packaged varieties in the developing world. Despite this, brand owners will need to innovate with packaging and closures in order to boost the challenged performance in beer as well as demand for a greater consumer experience in saturated food markets.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Global retail closures on the rise

In 2015 the volume of global retail closures reached 1.4 trillion units, marking 2% growth from 2014, driven by a rise in consumption in all regions.

Food and drinks still key for global closures

Food and drinks accounted for 95% of the global demand for closures thanks to the growing demand for smaller sized products in mature regions and the wider penetration of packaged products in less developed regions.

Asia Pacific and North America shape future potential for closures

China, India and the US continue to drive food and drinks growth in volumes, while other Asian and Latin American countries such as Vietnam and Indonesia are additionally ensuring that it continues to go upwards.

Plastic screw closures dominates the closures market and forecast growth

Plastic screw closures continues to be the most popular closure type for food and beverages. While for beverages this growth comes mainly from the rise of PET bottles and the pursuit of lighter overall packaging, in packaged food it is driven by resealable and on-the-go trends.

Growing demand for closure functionality

Although plastic screw closures and peel-off foil continue to be on the rise, consumers are increasingly seeking more functional closures such as push-pull, flip-tops in soft drinks and zip/press closures notable in dairy and confectionery foods categories.

Premiumisation and nostalgia help revive fallen beverage closure types

Metal crowns and corks were once the main closures for glass bottles in beer and wine, respectively, but as these fail to meet consumer demand for easy resealability, metal screw closures are threating to overtake the older closure types given steep volume growth in recent years. Nevertheless, thanks to premiumisation trends these closures are set to show positive growth over the forecast period.

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Introduction

Scope

Key findings

Global Closures Overview

Plastic screw closures continues to prevail in global retail closures

Beverages and food are key for global closure volumes

Asia Pacific and Middle East and Africa hold best closure prospects

Opportunities in Beverages

Plastic screw caps for soft drinks, but metal crowns for beer

Soft drinks, the backbone of closures in the beverages industry

Plastic screw benefits from health trends, bottled water key

Beverage flip-tops and push-pull show competition in bottled water

Hygiene drives US consumers to swap push-pull for flip-top in water

Developments that fit water trends : On the go, hygiene and premium

Asian c ountries at forefront of plastic screw in RTD Tea

Health trend in Vietnam benefits plastic screw caps in RTD tea

Outlook for beverage flip-top and push-pull in other soft drinks

Returnable and premium beers help metal crown remain relevant

Metal crowns threatened by the resealability of other closures

Wine is bringing corks back while metal screw continue to rise

Opportunities in Foods

Peel-off foil leads global retail food closures

Dairy heads global closures in packaged food

Peel-off foil growth driven by smaller sized yoghurts in Asia Pacific

Global food cans’ preference for easy-open ends continues

Ambient seafood in easy-open can ends threatened by zip/press

Snacking trends benefit zip/press closures in packaged food

Plastic dispensing innovation helps revive sauces and baby food

Plastic dispensing innovation turns attention to safety in baby food

Prospects

Recommendations

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Megatrends

Strategy Briefing

Global Food and Drinks Closures: Performance and Opportunities

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Global retail closures on the rise

Food and drinks still key for global closures

Asia Pacific and North America shape future potential for closures

Plastic screw closures dominates the closures market and forecast growth

Growing demand for closure functionality

Premiumisation and nostalgia help revive fallen beverage closure types

Want to find out more about this report?

Table of Contents

Introduction

Scope

Key findings

Global Closures Overview

Plastic screw closures continues to prevail in global retail closures

Beverages and food are key for global closure volumes

Asia Pacific and Middle East and Africa hold best closure prospects

Opportunities in Beverages

Plastic screw caps for soft drinks, but metal crowns for beer

Soft drinks, the backbone of closures in the beverages industry

Plastic screw benefits from health trends, bottled water key

Beverage flip-tops and push-pull show competition in bottled water

Hygiene drives US consumers to swap push-pull for flip-top in water

Developments that fit water trends : On the go, hygiene and premium

Asian c ountries at forefront of plastic screw in RTD Tea

Health trend in Vietnam benefits plastic screw caps in RTD tea

Outlook for beverage flip-top and push-pull in other soft drinks

Returnable and premium beers help metal crown remain relevant

Metal crowns threatened by the resealability of other closures

Wine is bringing corks back while metal screw continue to rise

Opportunities in Foods

Peel-off foil leads global retail food closures

Dairy heads global closures in packaged food

Peel-off foil growth driven by smaller sized yoghurts in Asia Pacific

Global food cans’ preference for easy-open ends continues

Ambient seafood in easy-open can ends threatened by zip/press

Snacking trends benefit zip/press closures in packaged food

Plastic dispensing innovation helps revive sauces and baby food

Plastic dispensing innovation turns attention to safety in baby food

Prospects

Recommendations

Why buy this report?

Want to find out more about this report?

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