The size of the global Crown caps market is estimated to reach USD 2.18 billion by 2029 from USD 1.74 billion in 2024, growing at a CAGR of 4.57%% from 2024 to 2029.
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.
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. Alcoholic beverage 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 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.
The global crown caps market is anticipated to experience a slight decline in its growth rate from 2024 to 2029. 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 high due to the increasing consumption of energy drinks, and soft drinks by the population across the world.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
4.57% |
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Segments Covered |
By Material, Application, and Region |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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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 |
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.
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.
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.
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 are some of the notable companies in the global Crown Caps market.
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