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Global plastic cap market expanding

14/01/2011


World demand for caps and closures is projected to rise 4.6 percent per year to $40 billion in 2014, according to a new report from Freedonia Group Inc.

Plastic caps and closures, the largest product type, will continue to see above-average growth.
Trends favoring growth in the sector include globalization, urbanization, and a shift in product mix toward higher-value closures, such as child-resistant, tamper-evident and dispensing types.
The U.S. is the largest market, but the fastest growth is taking place in Asia, the Africa/Mideast region, Central and South America, and Eastern Europe.

Plastics.ru

     








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