The European plastic bottle cap mold market demand is huge
The plastic bottle cap mold market is a market with huge demand, many market segments and high competition pressure. According to Luo Baihui, the head of the International Mould, Hardware and Plastic Industry Suppliers Association, in 2008, the European market produced 200 billion bottle caps, and achieved an annual growth of 6% during the three-year period from 2006 to 2008. One-piece (one-piece) hdpe caps have grown even more significantly, with an annual growth rate of 9% over the same period and occupying 65% of the market for beverage caps, compared with 55% in 2004. The rapid growth of hdpe one-piece caps has benefited from lower product cost and weight, a trend that will be more pronounced when the economy improves. Non-standard bottle caps represent high value-added products in bottle caps. These high value-added products include sports bottle caps, flexible packaging nozzles (found in large bags of yogurt), paper cup lids (found in coffee shops) and flat lids. The substantial growth in demand for sports caps has led to the overall growth of non-standard caps. Non-standard caps account for about 55% of the cap market, and standard caps account for 45%. Luo Baihui believes that the European plastic bottle cap market is a mature market, and the market environment is complex for the companies involved. Although the market growth rate is not fast, the development prospects of plastic bottle caps are widely optimistic, and opportunities and challenges coexist. In the next five years, the following innovations will determine the demand for plastic bottle caps and caps in the European market: 1. Develop products that meet more food needs 2. Develop products that are more convenient for consumers 3. Re-examine beverages 4. Eliminate uncompetitive players in the industry 5. Plastic cap industry creates an environmentally friendly image For the non-beverage food industry, the pace of change is looming. The trend of glass packaging being replaced by blow molding packaging is becoming more and more intense, repeating the history of the beverage industry. This development trend is the possibility of standardized non-food cap products, such as packaging caps and caps for liquid food. By maximizing the production of standardized products and high value-added products, suppliers can increase the value of industrial output. The emergence of heat-resistant pet products, anti-reflection pp and multi-layer co-extruded materials has opened up a new world of plastic caps and caps, such as juices, sauces, soups and baby food. Previously they all used glass containers and steel vacuum lids. Future opportunities arise in cold-fill applications such as honey products. This will help to expand the application of European plastic cap products in the food industry. For the non-food industry, more and more brands pay attention to the appearance, personalization and transportation convenience of cap products. Demand for caps in the non-food industry is also driven by these unique effects, while delivering more lucrative returns to cap producers than other packaging components. To adapt to this trend, European plastic cap manufacturers are also actively developing. Development trends include: 1. There is no specialized production enterprise, each enterprise is trying to increase the added value of products 2. Purchasing in markets other than Europe 3. The trend of adopting overall purchasing for household consumer goods to reduce costs once again challenges the local cap product market plastic The global trend of production and procurement of cap products will challenge suppliers in the European market for a long time to come, but in the face of these threats, European suppliers should strive to see and seize opportunities instead of defending themselves in the face of crises.