The market demand of European plastic bottle cap mold 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 and 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.
Luo Baihui believes that the European plastic bottle cap market is a mature market, and the market environment is relatively 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  in the European market:
1. Develop products suitable for more food needs.
2. Develop products that are more convenient for consumers.

3. Re-examine supply strategies in the beverage industry.

4. Eliminate uncompetitive players in the industry.

5. The plastic bottle cap industry creates an environmentally friendly image.