QYResearch: Global Plastic Closure Market Analysis
Analyst: Shan Lixin
Company: QYResearch
Recently, QYResearch have published a report on Plastic Closure market. In this report, we learned that the large downstream demand for Plastic Closure has been and still remains fast. The global compound growth rate of Plastic Closure sales is about 4.4% in the past 5 years due to the prosperity of Beverage Industry.
China occupied about 30 % of the production market in 2016. It is followed by Europe and North America, which respectively account for around 22% and 18% of the global total industry. Other countries have a smaller amount of production. Geographically, China was the largest consumption market in the world, which took about 28% of the global consumption volume in 2016.
Plastic Closure industry is not concentrated and top five producers only account for about 25 % of the revenue market. Bericap is the global leader of Plastic Closure manufacturing and sells Plastic Closures for beverage, food, and non-food markets internationally with 6 % of the market. Closure Systems International is another leader with more than 25 manufacturing sites all over the world.
More than half of Plastic Closures are used for the beverage industry and we predict that there would be larger market of Plastic Closures due to the demand of convenience.
This article was first released by QYResearch analyst, if reproduced, please indicate the source.
Marketing: sales@qyresearch.com
Analyst: shanlixin@qyresearch.com
Media Contact: press@qyresearch.com
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