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Pulished Date October, 2021
ID: 12239
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Crown Caps Market Segmentation by Material (Steel, Aluminum and Tin-plated), By Application (Beverage (Alcoholic beverages and non-alcoholic beverages) and Food); and Region - Industry Forecast of 2021 to 2026

Pulished: October, 2021
ID: 12239
Pages: 145

Crown Caps Market Value & Growth Rate:

The Global Crown Caps Market size was valued at US$ XX billion in 2021 and is anticipated to grow at US$ XX billion by 2026 and increase at a CAGR of 3.2% between 2021 and 2026. 

Crown Caps Market Scenario:

Crown caps and closures are seeing increased use in the beverage industry, owing to the widespread adoption of glass bottles. However, with plastics being chastised for their environmental effects, major beverage companies have reservations about switching to glass bottles. Also, as per Greenpeace and the Break free from Plastics Movement, the top four plastic polluters have been Coca-Cola, PepsiCo, Nestle, and Danone. Crown caps are used in various beverages, including carbonated soft drinks, energy drinks, and alcoholic beverages. Beer is the most common alcoholic beverage end-user, with most major beer companies employing crown caps to seal their bottles and cans. However, when it comes to Food, specialty uses such as sauce bottles, seasoning bottles, and condiment bottles vary depending on regional/country availability and preference. Furthermore, compared to a cork, aluminum as a material for crown applications in the wine industry is becoming more prevalent in terms of on-par insulation for the wine from oxygen and economic benefits.

Crown Caps Market Drivers:

The global crown cap market is predicted to expand in tandem with the beverage industry's expansion. Crown caps are generally utilized in the glass bottle packaging of beverages. Alcoholic and non-alcoholic beverages are sub-segments of the beverages market. The alcoholic beverages packaging is the primary driver of the worldwide crown caps industry. During the forecast period, the crown caps market is expected to expand. Cap manufacturers with the ability to create a varied selection of caps and closures for end-use industries such as Food and drinks dominate the global market for crown caps. Crown caps are commonly used in the packing of glass bottles to keep the contents from spilling. Crown caps come in various materials, including tin and aluminum, to meet the needs of multiple applications. The crown caps were distinguished by the producers' ability to provide a variety of colors and sizes to fulfill the needs of the end-users. To adequately package the bottle, the crown cap features a crown shape with teeth on its edge. Crown caps are tamper-evident caps that cannot be easily resealed after the first opening. These lids provide tamper evidence as well as spill prevention. The increased frequency of smaller pack sizes, on the other hand, is a significant driver to the worldwide crown caps market's growth. In addition, beer and carbonated soft drinks (CSD) have high consumption and have expanded in recent years.

Furthermore, as more customers want to minimize their carbonated soft drink and alcohol usage, particularly beer, smaller-sized beverage bottles are predicted to gain popularity. This is anticipated to have a favorable impact on the demand for crown caps. In the Asia Pacific region, the effect is projected to be more pronounced. As a result, the global crown caps market is expected to experience some volatility throughout the projected period. According to the Aluminum Closures Group, the usage of aluminum closures in the wine industry is on the rise, with more than 30% of all bottled still wine projected to be sealed with aluminum shortly. Another reason crown caps and closures are popular is their ease of disposal, recycling benefits, and longer shelf life. Compared to other firms, the beverage industry, one of the biggest consumers, is showing signs of possible growth in adoption in the soft drink/carbonated drink market. In addition, the study market is likely to grow as the microbrew beer canning industry expands.

Crown Caps Market Restraints:

Crown caps are used primarily utilized by manufacturers as a branding platform for their items, which aids with instinctive product purchases. However, despite the upbeat prognosis, the global crown caps market faces several significant hurdles. For example, the worldwide crown caps market is projected to be hampered by the growing popularity of flexible and closure-less packaging in the following years. Furthermore, a movement in consumer preference for plastic bottles over glass bottles is expected to slow down the worldwide crown caps market's expansion.

Recent Developments in the Global Crown Caps Market:

  • Crown Holdings Inc. declared that its acquisition of Empaque, a Mexican manufacturer of cans, bottles, and caps primarily for beverage firms, has been approved by the Federal competition commission in Mexico.

  • On 15th July 2021, PELLICONI & C. SPA decided to sign an agreement to invest in a new production base in a packaging firm in China.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

3.2%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Crown Holdings Inc., Astir Vitogiannis Bros SA, Avon Crown caps & Containers Nigeria Ltd., AMD Industries Inc., Finn-Korkki Oy, Nippon Closures Co. Ltd., PELLICONI & C. SPA, Samhwa Crown & Closure, Supertech-Crown Caps, Viscose Closures Ltd

Crown Caps Market Segmentation:

By Material 

  • Steel
  • Aluminum
  • Tin-plated 

Based on material, aluminum material attributes to hold the most significant market share and further propels the global crown caps market growth. Aluminum is a highly versatile metal that offers a lot of benefits, including being lightweight and flexible. It can be cast, melted, molded, machined, and extruded, developing into various shapes and then built to fit a wide range of applications. In addition, aluminum is a corrosion-resistant metal that produces a protective covering on its own. However, when aluminum comes into touch with an oxidizing atmosphere, a fragile coating is created.

By Application:

  • Beverage
  • Alcoholic beverages
  • Non-Alcoholic beverages
  • Food

Based on application, the beverages segment tends to dominate the global crown caps market during the forecast period. Non-alcoholic beverages are anticipated to have a significant market share. Beverages include carbonated soft drinks, carbonated juices, and sparkling water, among other non-alcoholic beverages, which have gained popularity in recent years as consumers' non-alcoholic beverage options have expanded. In addition, multiple varieties have been produced, indicating that there may be a market for crown caps shortly.

On the other hand, soft drinks account for a significant portion of the market examined, owing to their widespread popularity. Moreover, soft drinks come in a wide range of flavors and styles, so there's something for everyone.

Crown Caps Market Regional Analysis: 

The Global Crown Caps Market Report includes the segmentation of Regions:

  • Primarily, due to two densely populated countries, China and India, the Asia-Pacific region is predicted to develop the fastest. The rise of the crown caps market in these two countries will be aided by increased disposable income. Furthermore, according to the World Health Organization, China's total pure alcohol consumption per capita was 7.6 liters.

  • Beer consumption in North America has increased dramatically as a result of changing lifestyles and customer preferences. In addition, due to the growing demand in the region, enterprises operating in the area have expanded to meet the needs of other countries.

  • Furthermore, there has been a constant rise in customer desire for low-alcohol beverages, with sales of no-alcohol and low-alcohol beers increasing due to increased interest from health-conscious consumers and a more incredible selection of new ranges with superior taste. Another driving reason is that low-alcohol beers are now less expensive than their high-alcohol counterparts. The market for crown caps in Europe is expected to rise as a result of these causes.

  • Latin America

  • Middle East & Africa

Impact of COVID-19 on Crown Caps Market:

The global crown caps market is anticipated to experience a slight decline in its growth rate during 2021-2026. Moreover, the demand for crown caps tended to have a significant growth rate in the food and beverage sector since most people who remained shut in their homes were addicted to ordering Food through online sectors. Furthermore, due to the threat of lockdowns, people are panic-buying and bulk stocking. In addition, more people are obtaining daily essentials and fresh Food via the internet, increasing in demand for crown caps. Moreover, the need for crown caps was on a high due to the increasing consumption of energy drinks, soft drinks by the population across the world.

Crown Caps Market Key Players:

The companies covered in the report include:

  1. Crown Holdings Inc.

  2. Astir Vitogiannis Bros SA

  3. Avon Crown caps & Containers Nigeria Ltd.

  4. AMD Industries Inc.

  5. Finn-Korkki Oy

  6. Nippon Closures Co. Ltd.

  7. PELLICONI & C. SPA

  8. Samhwa Crown & Closure

  9. Supertech-Crown Caps

  10. Viscose Closures Ltd

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Crown Caps Market, By Material                       

                                6.1.1 Steel          

                                6.1.2 Aluminum

                                6.1.3 Tin-plated

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Crown Caps Market, By Application                  

                                6.2.1 Beverage 

                                6.2.2 Food          

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Crown Caps Market, by Region                            

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Material             

                                7.2.3 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Material             

                                7.3.3 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Material             

                                7.4.3 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Material             

                                7.5.3 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Material             

                                7.6.3 By Application       

8. Key Player Analysis                                    

                8.1 Crown Holdings Inc.                

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Astir Vitogiannis Bros SA                       

                8.3 Avon Crown caps & Containers Nigeria Ltd.                  

                8.4 AMD Industries Inc.                

                8.5 Finn-Korkki Oy                          

                8.6 Nippon Closures Co. Ltd.                       

                8.7 PELLICONI & C. SPA                 

                8.8 Samhwa Crown & Closure                    

                8.9 Supertech-Crown Caps                          

                8.10 Viscose Closures Ltd                             

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Crown Caps  Market By Region, From 2021-2026 ( USD Billion )

  2. Global Crown Caps  Market By Material, From 2021-2026 ( USD Billion )

  3. Global Steel Market By Region, From 2021-2026 ( USD Billion )

  4. Global Aluminum  Market By Region, From 2021-2026 ( USD Billion )

  5. Global Tin-plated Market By Region, From 2021-2026 ( USD Billion )

  6. Global Crown Caps  Market By Application, From 2021-2026 ( USD Billion )

  7. Global Beverage Market By Region, From 2021-2026 ( USD Billion )

  8. Global Food Market By Region, From 2021-2026 ( USD Billion )

  9. Global Crown Caps  Market By Beverage, From 2021-2026 ( USD Million )

  10. Global Alcoholic beverages  Market By Region, From 2021-2026 ( USD Million )

  11. Global Non-alcoholic beverages Market By Region, From 2021-2026 ( USD Million )

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