Watch: Beverage Caps Sales Will Increase Through 2021

Closures for bottled water will post the largest gains among established beverage categories. The reason being – packaging components and materials are seeing shifts among top-performing segments as well as evolving demands. The Freedonia Group predicts that caps and closures used for beverages will reach 1.5 trillion units in 2021. This projection is based on 3.5 percent annual growth. In terms of unit market share, bottled water’s closure usage will account for 35 percent, with “other beverages” being the next largest with 29 percent of market share. Beer and carbonated soft drinks are expected to decline their closure market share through 2021, accounting for 18 percent and 17 percent, respectively. This is in part due to consumers looking for healthier drinks with less sugar. This has impacted the way brands are positioning themselves.

Follow us on social media for the latest updates in B2B!


The Challenges of Working Capital for Small and Mid-Size Construction Businesses
September 23, 2022
Record inflation, rising interest rates, and myriad supply chain issues are an amalgamation of challenges for any business in today’s climate. For small and mid-size construction companies, any of these issues Read more
Bluedot’s Report Offers Restaurants Insight Into Consumer Spending Behaviors
September 23, 2022
Inflation and ongoing concerns of a recession are affecting consumer spending behaviors. And as always, the restaurant industry is a great place to take the temperature of what people are willing to Read more
Advancements in Bone Health Imaging with Dr. Ego Seeman
September 23, 2022
  CurveBeam AI Medical Director - Endocrinology Prof. Ego Seeman recently sat down with Vinti Singh, CurveBeam AI’s Marketing Director, to discuss the future of bone health imaging. Prof. Seeman is a Read more