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People in the nuclear post-apocalyptic world use bottle caps as barter money.
I love the series, so I can definitely answer with enthusiasm!
How would inflation work in such an economic environment?
In a fiat-monetary system, the supply of cash circulating in the system is defined and controlled by a central bank. Although the amount may seem arbitrary, i.e.let us print 100 million tomorrow, this would be extremely inflationary and as a result devalue the currency and its use within the economy. See Zimbabwe Dollar
But with bottle caps, the amount is fixed, but to a certain extent. Bottle caps can still be made. But as with all counterfeiting operations, newly minted caps =/= the consistency of old caps. The type of metal, paint, and even evidence of bottling may be distinctive enough to discern authentic caps from counterfeited caps. Nevertheless, the premise of the quest is that the trading company doesn't wish for the supply of caps to increase relative to demand, thereby retain the value of each cap in the long run.
In addition, metal caps wear out through use just like regular money. Although not represented in the game, this fact would act as a mechanism of which caps that have sufficiently deteriorated are removed from the system, acting as a deflationary mechanism.
How can people buy expensive objects like houses or maybe vehicles, (they cost at least 10000)?
Take a look at the table of items and their assigned values. Given that markets will reach an equilibrium in terms of price for each item bartered, the cost of a rare or expensive item would be determined by those who produce the item and desire the item. Although one might argue that current theories of the value of labor may apply in a post-apocalyptic world, I don't think there would be a high need for economists in that dystopian future, despite the dismal setting.
But as for how, there will be a need for banks for wealthy individuals to store their caps given the weight and bulk of caps. At established settlements, it would be a simple matter for me to write out a contract to you stipulating and instructing the bank to transfer my caps to your name.
How would a bank know if another has launched a new version of purple coin that is worth more than any other single bottle cap?
At least in lore, there are a handful of caps widely recognized by all factions: Nuka-Cola caps, Sunset Sarsaparilla Caps, and Bawls. At the same time, there are secondary currency systems: New California Republic Dollars, Legion currency, and Pre-War Money. All of which have (or had) a central authority, but not widely circulated or accepted. NCR money is not accepted in the Legion and vice versa. Pre-War Money has value, but isn't the primary means of currency use.
Given that all caps are equal, meaning no denominations, a user (regardless of status as a bank) would see if the logo on the caps would match his or her experience of caps that would be accepted by other participants in the market.
If a new bottle cap of unique color appears, how to corroborate that a bank in another village supports its value? (that is, that is not false).
Over time, and given that there is no significant production anymore, there will be a set amount of produced bottles and their corresponding caps. Just like there are authenticity experts today to verify the origins of cars the same can be said for a new cache of bottles found. The drinks are opened and an article is published by the media that either supports or refutes the authenticity of the new cache.
Future Market Insights Global and Consulting Pvt. Ltd.
The United States bottle cap market is expected to grow at a 3.5% CAGR through 2034. Considering the consumer's nature in the United States, price, quality, and convenience are still consumers’ top buying criteria for products. As a result, they prefer buying top-packaging goods.
NEWARK, Del, March 26, 2024 (GLOBE NEWSWIRE) -- The bottle cap market is estimated to reach a size of US$ 3.95 billion in 2024 and US$ 5.7 billion by 2034. The market share is expected to grow at a CAGR of 3.70% from 2024 to 2034, with the increasing demand for sealed or packaged products being a major contributor.
The food and beverage industries are major contributors to the production and demand for bottle caps, as consumers prefer products that have a longer shelf life and can be stored easily. Ongoing research and technological advancements in manufacturing high-quality and efficient caps have also accelerated their demand in multiple industries. With the growth of eCommerce, bottle caps have become an important part of the packaging process for products sold online, as they protect the products from spoilage, damage, and deterring.
Changing consumer preferences and market trends, such as the demand for sustainable and eco-friendly packaging, pose challenges for manufacturers. Heavy investments in existing and new market players to upgrade their manufacturing processes may cause depreciation, while the increasing regulations and environmental concerns regarding the disposal and recycling of plastic and other non-biodegradable bottle caps require more attention.
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The inherent design of roll-on pilfer-proof (ROPP) closures provides tamper-evident packaging solutions that generate trust among consumers that their product is untouched. ROPP closures also allow more branding elements to pop in, making the product stand out on the shelf.
“The market for bottle caps is expected to grow in the coming years due to increasing demand from the beverage industry and the rising popularity of convenience packaging. The adoption of eco-friendly and sustainable materials in the production of bottle caps is also likely to create new opportunities in the market,” Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Key Takeaways from the Market Study
The bottle cap market in India can potentially increase at a 4.5 % CAGR through 2034.
The market in China is projected to inflate at a CAGR of 4.2% through 2034.
The market in Thailand is predicted to rise at a 4.2% CAGR through 2034.
The market in the United States is estimated to rise at a 3.5% CAGR through 2034.
The market in Spain is anticipated to develop at a CAGR of 3.1% through 2034.
Based on the application, the packaging segment is expected to account for a share of 85.00% in 2024.
ROPP or roll-on pilfer-proof material holds a share of 65.00% of the market in 2024.
Competitive Landscape
Major companies and manufacturers are expanding the bottle cap market by investing in research to create innovative and sustainable designs. Some are also partnering with startups focused on developing environmentally friendly bottle caps. The aim is to meet the growing demand for eco-friendly packaging options and stay competitive.
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Key Companies in the Market:
E2Global
Glassnow
Auberst
MJS Packaging
Caplugs
Illing Company
Autronic Plastics
Advantech Plastics
Kaufman Container
Canyon Plastics
Valencia Plastics
Containers Plus
W.R. Kershaw
Inmark
Bulk Apothecary
Genesis Industries
Dahl-Tech
Mr. Nozzle
MATERIAL MOTION
Recent Developments
In March 2024, Beyond Plastic launched a biodegradable bottle cap made of PHA, which was recyclable and compostable, thus revolutionizing sustainability in the beverage industry.
Brandon B. and Denton B. from Clinton, UT invented The Mister Saver bottle cap, featuring two connected caps for transferring viscous products.
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Market Segmentation
By Material:
ROPP
PE
PP
PET
Glass
By Application:
Food & Beverages
Pharmaceuticals
Personal Care Products
Cosmetic Products
Household and Cleaning Products
By Neck Size:
Up to 20 mm
21-28 mm
29-32 mm
Above 32 mm
By Region:
North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe
About the Packaging Division at Future Market Insights.
The packaging team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Million+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Have a Look at Related Research Reports on Packaging Domain:
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The cap and closure market is set for significant expansion, with an anticipated valuation of US$ 81.1 billion by 2024. The market displays a considerable trend, featuring a moderate CAGR of 5.3%, expected to endure until 2034. The market is projected to be valued at US$ 137.2 billion by 2034.
Anticipated to exhibit notable growth, the global bottles market is poised to attain a noteworthy market valuation of US$ 113.6 billion by the culmination of 2023. Over the course of the forecast period, it is projected to sustain an impressive CAGR of 5.2%, ultimately surging to touch around US$ 188.7 billion by 2033.
The global PCR bottles market is set to enjoy a market valuation of US$ 23.3 Billion in 2022 and further grow at 6.1% CAGR during the forecast period (2022 to 2032).
Valued at slightly over US$ 8 Billion in 2021, the dosing bottles market is expected to reach a valuation of US$ 8.3 Billion in 2022. From 2022 to 2032, the market is expected to surge at a CAGR of 4%, reaching US$ 12.3 Billion.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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