World Caps & Closures Market

World Caps & Closures Market

Global demand to grow 4.2% annually through 2012







Global demand for caps and closures is forecast to expand 4.2 percent per year through 2012 to $36.5 billion, representing 1.6 trillion units. Continuing urbanization and rising personal incomes in the developing world will support development of consumer nondurable goods markets, with closures and other packaging materials among the primary beneficiaries. However, over the 2008-2010 period, growth in all regions will be negatively impacted by the ongoing global economic malaise.







China to grow fastest





Above-average gains are expected in the world’s emerging markets, especially those in Asia. China will lead the way, accounting for almost 30 percent of projected unit gains in global cap and closure demand through 2012. The US, which accounts for one-fourth of global cap and closure value demand, will see strong value gains, fueled by a continued shift in the product mix toward valueadded configurations. Western Europe and Japan will see slower growth, hindered by mature markets and stagnant population growth. Gains will also be supported by the continuing growth of closure- intensive plastic packaging at the expense of closureless containers such as metal cans. Advances will be limited to some extent by competition from packaging formats that do not use closures (such as stand-up pouches and blister packs) and by environmental concerns regarding plastic waste in general. Sales revenue growth will decelerate from the strong pace seen over the 2002-2007 period during a global commodity price boom, but will be aided by a continuing shift in the product mix in favor of value-added closure types that provide increased product safety, user convenience and/or shelf appeal.





Plastics to perform favorably





The largest industry segment of plastic caps and closures will also register the strongest gains, benefitting from the continuing supplantation of metal and glass containers by their plastic counterparts in many food and beverage applications. In addition, technological improvements have enabled certain plastic closures to replace metal closures on glass food containers. Moreover, gains will be helped by further expansion of synthetic corks in the wine market at the expense of natural corks. Metal cap and closure demand will register weaker gains, and outright declines in most developed markets. The smaller rubber and cork sector will register weakest gains, largely due to further declines in cork demand in major wine producing nations. The rubber stopper sector will benefit from rapid expansion in the global pharmaceutical market as a result of growth in the older population segments and improving medical care in developing countries.







Bottled water to lead beverage sector’s prospects







Beverages will remain the dominant market for caps and closures, accounting for 64 percent of unit demand in 2012. In the beverage sector, strongest gains are expected in the bottled water segment, with nontraditional products such as sports drinks and flavored milk also performing favorably. Healthy growth is also anticipated in consumer chemical markets such as cosmetics, toiletries and household cleaners, which are enjoying rapid growth and becoming more intensive users of packaging in the developing world.





Study coverage





This new industry study, World Caps & Closures, presents historical demand data (1997, 2002 and 2007) and forecasts for 2012 and 2017 by material, market, world region and for 18 major countries. The study also considers market environment factors, evaluates company market share and profiles 36 industry competitors.

TABLE OF CONTENTS


INTRODUCTION x

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 5
Recent Economic Performance 5
Macroeconomic Outlook 8
World Demographic Outlook 10
World Population Outlook 11
World Urban Population Outlook 12
World Consumer Nondurables Trends 13
Beverages 14
Food 16
Pharmaceuticals 19
World Packaging Outlook 21
Environmental & Regulatory Overview 25

III. MARKET OVERVIEW 29

Geographic Overview 29
Per Capita Consumption Trends 31
Materials 35
Plastics 37
Metal 41
Rubber & Cork 44
Rubber 45
Cork 46
Markets 48
Beer 50
Carbonated Soft Drinks 55
Bottled Water 58
Other Beverages 60
Food 62
Pharmaceuticals 64
Other 66
Production 69
International Trade 70

IV. NORTH AMERICA 73

General 73
United States 78
Canada 89
Mexico 96

V. WESTERN EUROPE 105

General 105
France 113
Germany 121
Italy 128
Netherlands 135
Portugal 140
Spain 144
United Kingdom 150
Other Western Europe 156

VI. ASIA/PACIFIC 162

General 162
Australia 169
China 175
India 184
Indonesia 190
Japan 194
South Korea 202
Other Asia/Pacific 206

VII. OTHER REGIONS 214

Latin America 214
Brazil 218
Other Latin America 224
Eastern Europe 230
Russia 234
Other Eastern Europe 241
Africa/Mideast 247
VIII. INDUSTRY STRUCTURE 252
General 252
Market Share 254
AptarGroup 255
Rexam 256
Crown Holdings 256
Global Closure Systems 257
Alcoa 257
Mergers & Acquisitions 257
Marketing 262
Distribution 263
Cooperative Agreements 264
Company Profiles 268
Alcoa Incorporated 269
Alucaps Mexicana SA de CV 270
Amcor Limited 271
AptarGroup Incorporated 273
BERICAP Holding GmbH 278
BERICAP LLC, see BERICAP Holding & Amcor
Berry Plastics Group Incorporated 281
Captive Plastics Incorporated, see Berry Plastics Group
CarnaudMetalbox Huapeng Wuxi Closures Company
Limited, see Crown Holdings
Closure Systems International Incorporated, see Rank
Corticeira Amorim SGPS SA 285
Covit SA, see Grup Vemsa 1857
Crown Holdings Incorporated 287
Crown Seal Public Company Limited, see Toyo Seikan
Kaisha
Daetwyler Holding Incorporated 290
Emsar Incorporated, see AptarGroup
Fomento Economico Mexicano SA de CV 292
Global Closure Systems 293
Groupe Massilly 296
Grup Vemsa 1857 SL 297
Guala Closures SpA 299
Hayes Products LLC, see MeadWestvaco
Helvoet Pharma NV, see Daetwyler Holding
Industrias Innopack SA de CV 301
Ing. Erich Pfeiffer, see AptarGroup
Japan Crown Cork Company Limited, see Toyo Seikan
Kaisha
Keltec Dispensing Systems BV, see MeadWestvaco
Kerr Group Incorporated, see Berry Plastics Group
MAC Closures Incorporated, see Berry Plastics Group
Manaksia Group 303
MeadWestvaco Corporation 304
Megapak Zimbabwe Pvt Limited, see Nampak
Nampak Limited 307
Nomacorc LLC 309
Novembal SA, see Tetra Laval International
Oller Group, see Corticeira Amorim
Owens-Illinois Group Incorporated 310
Pavisa Industries SA de CV, see Rexam
Pelliconi & C. SpA 311
Petpak, see Nampak
Phoenix Closures Incorporated 312
Plastivit SA, see Grup Vemsa 1857
Portola Packaging Incorporated 313
Rank Group Limited 316
Rexam plc 319
Rio Tinto Group 324
Saint-Gobain 327
Samhwa Crown & Closure Company Limited 329
San Miguel Corporation 330
Seaquist Closures LLC, see AptarGroup
SeaquistPerfect Dispensing LLC, see AptarGroup
Shanghai Zijiang Enterprise Group Company Limited 331
Silgan Holdings Incorporated 332
Sofiplast SA, see Grup Vemsa 1857
Tech Group Incorporated, see West Pharmaceutical
Services
Tecnocap SpA 335
Tetra Laval International SA 336
TOKK Plant of Packaging Products LLC 338
Toyo Seikan Kaisha Limited 339
Tubed Products LLC, see Berry Plastics Group
Valois SAS, see AptarGroup
VEM de Tapas Metalicas SA, see Silgan Holdings
West Pharmaceutical Services Incorporated 341
ZapatA International Corporation, see Industrias
Innopack
Zeller Plastik USA Incorporated, see Global Closure
Systems
Other Companies Mentioned in Study 344



LIST OF TABLES



SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 10
2 World Population by Region 12
3 World Urban Population by Region 13
4 World Food & Beverage Manufacturing Value Added
by Region 19
5 World Pharmaceutical Shipments by Region 21


SECTION III -- MARKET OVERVIEW

1 World Cap & Closure Demand by Region 31
2 World Cap & Closure Demand by Material 37
3 World Plastic Cap & Closure Demand by Region 40
4 World Metal Cap & Closure Demand by Region 43
5 World Rubber & Cork Closure Demand by Region 44
6 World Cap & Closure Demand by Market 49
7 World Beer Cap & Closure Demand by Region 54
8 World Carbonated Soft Drink Cap & Closure
Demand by Region 58
9 World Bottled Water Cap & Closure Demand by Region 60
10 World Other Beverages Cap & Closure Demand by Region 62
11 World Food Cap & Closure Demand by Region 64
12 World Pharmaceutical Cap & Closure Demand by Region 66
13 World Other Cap & Closure Demand by Region 69
14 World Cap & Closure Production by Region 70
15 Trade Flow in Caps & Closures 72


SECTION IV -- NORTH AMERICA

1 North America -- Cap & Closure Shipments & Sales 75
2 North America -- Cap & Closure Sales by Material & Market 76
3 United States -- Cap & Closure Shipments & Sales 81
4 United States -- Cap & Closure Sales by Material & Market 82
5 Canada -- Cap & Closure Shipments & Sales 91
6 Canada -- Cap & Closure Sales by Material & Market 93
7 Mexico -- Cap & Closure Shipments & Sales 98
8 Mexico -- Cap & Closure Sales by Material & Market 100


SECTION V -- WESTERN EUROPE

1 Western Europe -- Cap & Closure Shipments & Sales 107
2 Western Europe -- Cap & Closure Sales by Material & Market 109
3 France -- Cap & Closure Shipments & Sales 115
4 France -- Cap & Closure Sales by Material & Market 117
5 Germany -- Cap & Closure Shipments & Sales 123
6 Germany -- Cap & Closure Sales by Material & Market 124
7 Italy -- Cap & Closure Shipments & Sales 130
8 Italy -- Cap & Closure Sales by Material & Market 131
9 Netherlands -- Cap & Closure Shipments & Sales 136
10 Netherlands -- Cap & Closure Sales by Material & Market 138
11 Portugal -- Cap & Closure Shipments & Sales 142
12 Portugal -- Cap & Closure Sales by Material & Market 143
13 Spain -- Cap & Closure Shipments & Sales 146
14 Spain -- Cap & Closure Sales by Material & Market 147
15 United Kingdom -- Cap & Closure Shipments & Sales 152
16 United Kingdom -- Cap & Closure Sales by Material & Market 153
17 Other Western Europe -- Cap & Closure Shipments & Sales 158
18 Other Western Europe -- Cap & Closure Sales
by Material & Market 159


SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific -- Cap & Closure Shipments & Sales 165
2 Asia/Pacific -- Cap & Closure Sales by Material & Market 166
3 Australia -- Cap & Closure Shipments & Sales 171
4 Australia -- Cap & Closure Sales by Material & Market 172
5 China -- Cap & Closure Shipments & Sales 178
6 China -- Cap & Closure Sales by Material & Market 180
7 India -- Cap & Closure Shipments & Sales 186
8 India -- Cap & Closure Sales by Material & Market 187
9 Indonesia -- Cap & Closure Shipments & Sales 192
10 Indonesia -- Cap & Closure Sales by Material & Market 193
11 Japan -- Cap & Closure Shipments & Sales 197
12 Japan -- Cap & Closure Sales by Material & Market 199
13 South Korea -- Cap & Closure Shipments & Sales 204
14 South Korea -- Cap & Closure Sales by Material & Market 205
15 Other Asia/Pacific -- Cap & Closure Shipments & Sales 209
16 Other Asia/Pacific -- Cap & Closure Sales by
Material & Market 210

SECTION VII -- OTHER REGIONS

1 Latin America -- Cap & Closure Shipments & Sales 216
2 Latin America -- Cap & Closure Sales by Material & Market 217
3 Brazil -- Cap & Closure Shipments & Sales 219
4 Brazil -- Cap & Closure Sales by Material & Market 220
5 Other Latin America -- Cap & Closure Shipments & Sales 226
6 Other Latin America -- Cap & Closure Sales by
Material & Market 227
7 Eastern Europe -- Cap & Closure Shipments & Sales 232
8 Eastern Europe -- Cap & Closure Sales by Material & Market 234
9 Russia -- Cap & Closure Shipments & Sales 237
10 Russia -- Cap & Closure Sales by Material & Market 238
11 Other Eastern Europe -- Cap & Closure Shipments & Sales 243
12 Other Eastern Europe -- Cap & Closure Sales by
Material & Market 244
13 Africa/Mideast -- Cap & Closure Shipments & Sales 249
14 Africa/Mideast -- Cap & Closure Sales by Material & Market 251


SECTION VIII -- INDUSTRY STRUCTURE

1 Selected Acquisitions & Divestitures 260
2 Selected Cooperative Agreements 266



LIST OF CHARTS



SECTION III -- MARKET OVERVIEW

1 Per Capita Cap & Closure Demand/Per Capita Food &
Beverage Manufacturing Value Added Relationship 34
2 World Cap & Closure Demand by Market, 2007 50

SECTION IV -- NORTH AMERICA

1 North America -- Cap & Closure Demand by Country, 2007:
Value versus Volume 77

SECTION V -- WESTERN EUROPE

1 Western Europe -- Cap & Closure Demand by Country, 2007:
Value versus Volume 110

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific -- Cap & Closure Demand by Country, 2007:
Value versus Volume 167

SECTION VIII -- INDUSTRY STRUCTURE

1 World Cap & Closure Market Share, 2007 255