Crown Caps Market Explore Future Growth With Top Players 2028

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Crown Caps Market – Overview

The global market for crown caps is marked by the presence of cap manufacturers with capabilities to manufacture a diverse range of caps and closures for end use industries such as food and beverages. Crown caps are widely used in the packaging of glass bottles in order to prevent spillage of the content stored. Crown caps are available in materials like tin and aluminum to cater the application requirements. The manufacturers characterized the crown caps by offering the range of color and sizes to meet the requirements of the end users. Crown cap has a crown shape and have teeth on its edge to properly package the bottle. Crown caps are tamper evident caps, in which on first opening can’t be resealed easily. These caps ensure tamper evidence along with the prevention of spillage. The crown caps market is expected to be challenged by several hurdles. However, one key contributor to the growth of the global crown caps market is the growing prevalence of smaller pack sizes. Carbonated Soft Drinks (CSD) and beer witness high consumption, and have been growing in the past few years.

Furthermore, smaller sized beverage bottles are expected to witness growth in preference as more consumers look to reduce their carbonated soft drink and alcohol intake, especially beer. This is supposed to positively impact increase in demand for crown caps. The effect is expected to be more prominent in the Asia Pacific region. Therefore, the global crown caps market is likely to pass through a turbulent phase during the forecast period

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Crown Caps Market – Drivers & Restraints

The global crown cap market is expected to grow on the backdrop of the beverage industry growth. The crown caps are primarily used in the packaging of the beverages in glass bottles. The beverages segment is further sub-segmented into alcoholic and non-alcoholic beverages. The global crown caps market is primarily driven by the alcoholic beverages packaging. The crown caps market is expected to grow during the forecast period. Manufacturers use crown caps as a branding platform for the branding of the products; this helps in the instinct purchase of the products.

Despite the positive outlook, global crown caps market is facing some tough challenges. For instance the growing popularity of flexible and closure less packaging is expected to hinder the global crown caps market in the upcoming years. Moreover, there is a shift of consumers towards the plastic bottles from glass bottles is anticipated to further hurdle the growth of global crown caps market. Furthermore, consumers demanding for easy and convenient packaging which provides ease in consuming the product along with preventing content spillage. Ring pull caps are an alternative packaging solution to the crown caps. Ring pull caps are easy to open without the need of opener.

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Crown Caps Market – Segmentation

The global market for crown caps is segmented into material type, liner and end use industries.

On the basis of material type, crown caps market is segmented into:

  • Aluminum
  • Tin

On the basis of liner, crown caps market is segmented into:

  • With liner
  • Without liner

On the basis of end use industries, crown caps market is segmented into:

  • Food Packaging
  • Beverage Packaging
    • Alcohol Drinks Packaging
    • Non-Alcohol Drinks Packaging

Crown Caps Market – Regional Outlook

Geographically, the global crown caps market for is divided into seven key regions as: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa and Japan. The market for crown caps is expected to witness swift growth in regions such as Asia Pacific excluding Japan, owing to the increasing consumption of rigid beverage bottles, featuring crown caps. Therefore, the APEJ region is expected to witness above average growth during the forecast period.

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Crown Caps Market – Key Players

The company with the lion’s share in the global crown caps market is Crown Holding, Inc. Many more local and regional players are expected to contribute to the global crown caps market.

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