Crown Caps Market size is expected to reach USD 3 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of crown caps was USD 1 Billion. The primary reason behind the growth of the market because of the wide use of crown caps in packaging glass bottles. Acknowledged for its look, the crown cap is used to seal beer bottles, carbonated beverages, brilliant mineral water, and zymolysis wine. The dimensions adopted by big-sized punch presses are 907×1018mm (width × length), with 702 closures generated from each sheet, while the dimensions taken by small-sized punch presses are 508×712mm (width × length), with 270 closures generated from each sheet. The usual steel sheet density is 0.23mm. Another reason that will propel the market of crown caps by the end of 2036 is the increasing sale of beer glass bottles worldwide. According to the newest research, there are 155,448 restaurants and +71,634 bars and nightclubs in North America. That's a complete maximum of 227,082 places that sell alcohol. The objective is to gather information from an extensive range of places so that it will be more precisely assumable across the US. For some of the techniques of reutilizing or recycling glass containers, the chemistry of the glass is crucial. The data given here is quite usual, but should be of guidance for those utilizes who rely on the chemical composition. Moreover, Western Europe was the only regional crown caps market to record reduced volume sales of beer sold in glass bottles from 2003. This was somewhat because of pack-type transformation in favor of PET bottles and somewhat because of less consumption of beer in countries like Germany.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
∼5% |
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Base Year Market Size (2023) |
~USD 1 Billion |
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Forecast Year Market Size (2036) |
~USD 3 Billion |
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Regional Scope |
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Material (Aluminum, Steel, Tin-Plated)
The aluminum segment of the crown caps market will notice the biggest growth during the forecast period and will hold around 69% of the revenue share owing to the increasing use of aluminum to develop crown caps in the beverage packaging industry. The aluminum beverage packaging industry is increasing immensely worldwide. In line with Ball Corp., the world’s biggest can manufacturer, about 100 billion cans are utilized each year in North America. The organization is purchasing a rising amount of aluminum cans utilized from outside the U.S. Ball told investors it planned to add 4-5 billion additional cans to its existing 105 billion yearly potential by mid-2021. U.S. requirement for aluminum can stock will increase by about 3-5% yearly by 2025, as metal cans arrest further market share over plastic, in line with Harbor Intelligence. But, it is noteworthy that this anticipation started before the coronavirus epidemic began. The newest information demonstrates that the requirement for can stock may rise even higher as an outcome of lockdowns. Moreover, Aluminum cans have acquired a huge reputation as a packaging choice for an extensive range of beverages because of their lightweight nature, reusability, and skill to preserve greenness. These cans present a multipurpose canvas for beverage creators to demonstrate their exceptional combinations and capture client attention.
Application (Alcoholic Beverages, Non-Alcoholic Beverages)
The non-alcoholic beverages segment in the crown caps market is expected to hold 60% of the revenue share by 2036. The non-alcoholic beverages will increase massively because of the increasing consumption of non-alcoholic beverages across the world. At-home profit in the non-alcoholic beverages market amounts to USD 953.30bn in 2024. The market is projected to increase yearly by 5.72% (CAGR 2024-2028). Client preferences play a critical role in pushing the expansion of the non-alcoholic beverages market. Customers are more and more seeking healthier beverage choices, taking to an increase in the requirement for non-alcoholic drinks without sugar. This conversion in preferences can be delivered to increasing health awareness, increased awareness about the adverse impacts of alcohol consumption, and the attempt for more various and creative beverage choices.
Our in-depth analysis of the global market includes the following segments:
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Material |
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Type |
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Application |
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Liner |
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End-Use Industries |
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APAC Market
The crown caps market in the APAC region will have the biggest growth during the forecast period with a revenue share of around 56%. This growth will be noticed owing to the rising consumption of packaged beverages in countries like China and India. For instance, the most famous beverages in China in 2022 were packed drinking water, carbonated beverages, dairy materials, and illuminating water, with utilization rates of 63%, 55%, 54%, and 45% individually. Additionally, health concerns are reshaping clientele preferences, taking to the increase of healthy nutrition materials. Benefit and newness are also essential to Chinese clients; however, material quality surpasses all the other characteristics. This transformation in consumption preferences has limited the requirement for conventional carbonated drinks. Simultaneously, health is increasing and impacting the beverage industry.
North American Market
The crown caps market in the North American region will also encounter huge growth during the forecast period and will hold the second position owing to the increasing demand for beer and the increase in the beer industry in this region. The alcohol packaging industry in this region is increasing due to the increasing consumption of alcohol in the countries of North America. Moreover, the percentage of U.S. adults elderly 18 and older who say they drink alcohol middle 63% over the past two years, whereas 36% explained themselves as “total abstainers.” The drinking rate is equal to 65% when constricted to adults of lawful drinking age, which is 21 and older across the nation.
Author Credits: Rajrani Baghel
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