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The growth of plastic bottles and plastic caps worldwide is maintained at more than 4.6% per year, and the growth rate of plastic caps and sealing products, which are the largest product types, will continue to be higher than uniformity.
It is reported that the United States is still the largest market for plastic bottles, and the fastest growing markets are Asia and Africa, the Middle East, Central and South America and Eastern Europe.
The beneficial ingredients that urge the growth of this market to collect trends in globalization, urbanization, and product combinations to higher value sealed products, such as children's security covers, tamper-evident covers, and dispensing caps.
Recently, according to a statement issued by the Freedonia Collective Corporation, by 2014, global demand for plastic bottle caps and sealed products is estimated to increase by 4.6% per year to reach $40 billion.
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