ASIA: Asia drinks demand boosts closure sales - study
Ring-pull can ends accounted for 24% or about 250bn closures globally in 2010
The growth in soft drinks consumption in Asia is driving future bottle and can closure demand, according to figures from Canadean.
The report Innovation in Beverage Closures, published today (28 February), says that total demand across the global soft drinks, dairy drinks and beer markets amounted to around 1,055bn closures in 2010. Of this, ring-pull can ends accounted for 24% or about 250bn closures, plastic closures took a 42% share at 440bn units and metal closures 31% or 325bn.
However, of all global markets, Asia is the largest market and fastest growing for closure sales. The continent is expected to have an annual growth rate for the period between 2003 and 2015 of more than 7% - double the global average.
The mature markets of North America and West Europe have eked out growth, the former adding around 1% per year to annual volumes, the latter only 0.2% to 2010, as demand, particularly for bottled water, has decelerated.
"On a regional basis, Asia already accounts for the largest share of total annual closure volumes at 36%, equivalent to around 375bn units," said Canadean. "Collectively, the Americas combine for just under 400bn, Europe for around 250bn, the rest of the world around one tenth of that."
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