Crown Closure Market Report Scope And Overview:
The Crown Closure Market size was USD 1100 million in 2023 and is expected to Reach USD 1340.24 million by 2031 and grow at a CAGR of 2.5% over the forecast period of 2024-2031.
Market Dynamics
Crown caps are vital for sealing various products, ensuring their integrity and adding a touch of visual appeal. They're used across numerous industries, from food and beverages to pharmaceuticals. The market is driven by factors like partnerships, product innovation, and a growing focus on sustainability. Manufacturers are increasingly using recycled materials and promoting recyclability to attract eco-conscious consumers. With rising demand for packaged goods and easy-to-open solutions, the future of crown closures looks bright.
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The crown closure market is expected to see modest growth despite facing some challenges. Anti-contamination closures are a recent innovation gaining traction in the market. Leading closure manufacturer BERICAP's recognition as a top innovator in Germany for their work on these closures in February 2022 highlights this growing trend. While the shift from glass bottles to PET bottles could hinder sales, factors like the demand for anti-contaminating closures and continued popularity of glass bottles in beverages are providing a boost.
KEY DRIVERS:
The demand for packaged foods is experiencing significant growth.
The booming middle class with more disposable income is driving a surge in packaged goods, and beverage packaging is a prime example. Glass bottles with crown closures remain popular for beer and other alcoholic beverages, further fueled by manufacturers using these caps as mini-billboards to entice impulse purchases. This, coupled with the growing demand for packaged beverages in general, and the versatility of crown closures across various industries, is propelling the market forward.
Healthier drink options are gaining popularity as people become more health-conscious, while rising disposable income in developing economies fuels this trend.
RESTRAIN:
Tighter environmental rules and restrictions on landfills are slowing the growth of the crown closure industry.
Growing worries about plastic's biodegradability and potential health risks are dampening the use of plastic crown closures, hindering market growth.
OPPORTUNITY:
The crown closure market is experiencing a surge in innovation, with a focus on creating user-friendly designs that enhance consumer experience.
The crown closure market is poised for promising growth thanks to a focus on innovation and user-friendly design. Key players are actively developing new and improved crown closure variants, creating lucrative opportunities. These advancements, coupled with the existing benefits of user-friendliness and recyclability, position crown closures for a bright future with expanding market reach.
Mergers and acquisitions in the crown closure industry are expected to rise, creating exciting growth opportunities for major players.
CHALLENGES:
Surging plastic waste has prompted stricter packaging rules for beverages and other products.
IMPACT OF RUSSIAN UKRAINE WAR
The war in Ukraine threatens to disrupt the crown closure market in several ways. Soaring energy prices, a consequence of the conflict, could increase production costs for crown closures across the entire manufacturing chain, from plastic resin to metal components. Furthermore, some Middle Eastern and North African countries, reliant on wheat imports from Ukraine and Russia, could face food insecurity, potentially impacting their disposable income and ultimately, their consumption of beverages is a key market for crown closures. Disruptions in global supply chains due to the war could also make it harder to obtain raw materials needed for crown closure production, leading to potential shortages and price hikes. Additionally, the war could lead to political instability in some regions, further dampening economic activity and consumer spending on non-essential goods like beverages.
IMPACT OF ECONOMIC SLOWDOWN
An economic slowdown in a major developed economy could dampen demand for crown closures. Rising interest rates and potential government shutdowns could tighten consumer spending, particularly on non-essential goods like beverages, a key market for crown closures. Furthermore, supply chain disruptions stemming from geopolitical tensions could make it harder to obtain raw materials, potentially leading to shortages and price hikes for crown closures. While demographics in some developed nations remain more favorable, many countries are grappling with aging populations and slowing labor force growth. This could put a strain on disposable income and overall economic activity, further impacting consumer spending on beverages and consequently, the demand for crown closures. Ultimately, the health of the crown closure market hinges on whether developed economies can reignite productivity growth, a key factor in boosting living standards and consumer spending power.
KEY MARKET SEGMENTS
By Diameter
26 mm Crown Closures
29 mm Crown Closures
By Material
Aluminum
Steel
Aluminum leads the crown closures market, making up over 69.8% of the market. This dominance is likely to hold as aluminum offers both aesthetics and convenience, while keeping products fresh. Steel, however, is gaining ground due to its sustainability and durability, finding use in beverage bottles, food cans, and even pharmaceuticals.
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By End-user Industry
Beer
Carbonated Soft Drinks
Food
Others
Beer dominates in the crown closure market with market share of 68%, driven by the booming beverage industry and changing consumer preferences for alcoholic drinks. Aluminum closures, with their visual appeal and convenience, are a popular choice for brewers, further solidifying beer's dominance. Even fancier closures are emerging, with brands using them to stand out and create a unique experience for beer drinkers.
REGIONAL ANALYSIS
Asia-Pacific is leading the crown closure market, projected to grab 39% share. This dominance stems from two factors like massive populations in China and India, and their growing disposable incomes. These trends are fueling a thirst for beverages, particularly beer, which is increasingly popular among a youthful demographic. Beyond consumption, the rise of custom crown closures reflects a shift in consumer preferences. These unique caps allow breweries to stand out and create a memorable experience for their customers. As beer consumption soars across Asia-Pacific, regional manufacturers are not only satisfying domestic demand but also exporting to quench the thirst of international markets.
Fueled by rising consumption of beverages, both alcoholic and non-alcoholic, and the demand for innovative packaging solutions across various industries, all regions are expected to witness growth in the crown closures market. Latin America is projected to see a steady increase driven by beer and sparkling wine production. North America's market is bolstered by its established beverage consumption habits and the introduction of new drinks like CBD-infused beverages. The Middle East and Africa are poised for significant growth due to a surge in demand for packaged goods across multiple sectors, including food and beverage.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Key players
Major players in the Crown Closure Market are Crown Holdings Inc., Group Plc, Amcor plc, Berry Global Inc., Guala Closures S.p.a, Rexam PLC, Reynolds Group Ltd., Silgan Holdings Inc., BERICAP, AptarGroup Inc. and others.
Crown Holdings Inc-Company Financial Analysis
RECENT DEVELOPMENT
As of April 2021, Crown Holdings Inc., a major caps and closures company, sold its European Tinplate division to KPS Capital Partners. Crown retained a 20% stake in the business, which operates 44 facilities across 17 countries.
In June 2021, closure manufacturer BERICAP GmbH & Co. KG acquired German aluminum closure producer Mala Verschluss-Systeme. This move aims to develop innovative, sustainable closure solutions by combining plastic and aluminum.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1100 Million |
| Market Size by 2031 | US$ 1340.24 Million |
| CAGR | CAGR of 2.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Diameter (26 Mm Crown Closures, 29 Mm Crown Closures) • By Material (Aluminum, Steel) • By End-User Industry (Beer, Carbonated Soft Drinks, Food, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Crown Holdings Inc., Group Plc, Amcor plc, Berry Global Inc., Guala Closures S.p.a, Rexam PLC, Reynolds Group Ltd., Silgan Holdings Inc., BERICAP, AptarGroup Inc. |
| Key Drivers | • The demand for packaged foods is experiencing significant growth. • Healthier drink options are gaining popularity as people become more health-conscious, while rising disposable income in developing economies fuels this trend. |
| Opportunity | • The crown closure market is experiencing a surge in innovation, with a focus on creating user-friendly designs that enhance consumer experience. • Mergers and acquisitions in the crown closure industry are expected to rise, creating exciting growth opportunities for major players. |
Ans: The Crown Closure Market is expected to grow at a CAGR of 2.5%.
Ans: The Crown Closure Market size was USD 1100 million in 2023 and is expected to Reach USD 1340.24 million by 2031.
Ans: The demand for packaged foods is experiencing significant growth.
Ans: Tighter environmental rules and restrictions on landfills are slowing the growth of the crown closure industry.
Ans: The Asia-Pacific region held the largest market share and will continue to dominate the market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Crown Closure Market Segmentation, By Diameter
9.1 Introduction
9.2 Trend Analysis
9.3 26 mm Crown Closures
9.4 29 mm Crown Closures
10. Crown Closure Market Segmentation, By Material
10.1 Introduction
10.2 Trend Analysis
10.3 Aluminum
10.4 Steel
11. Crown Closure Market Segmentation, By End-user Industry
11.1 Introduction
11.2 Trend Analysis
11.3 Beer
11.4 Carbonated Soft Drinks
11.5 Food
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Crown Closure Market By Country
12.2.3 North America Crown Closure Market By Diameter
12.2.4 North America Crown Closure Market By Material
12.2.5 North America Crown Closure Market By End-user Industry
12.2.6 USA
12.2.6.1 USA Crown Closure Market By Diameter
12.2.6.2 USA Crown Closure Market By Material
12.2.6.3 USA Crown Closure Market By End-user Industry
12.2.7 Canada
12.2.7.1 Canada Crown Closure Market By Diameter
12.2.7.2 Canada Crown Closure Market By Material
12.2.7.3 Canada Crown Closure Market By End-user Industry
12.2.8 Mexico
12.2.8.1 Mexico Crown Closure Market By Diameter
12.2.8.2 Mexico Crown Closure Market By Material
12.2.8.3 Mexico Crown Closure Market By End-user Industry
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Crown Closure Market By Country
12.3.2.2 Eastern Europe Crown Closure Market By Diameter
12.3.2.3 Eastern Europe Crown Closure Market By Material
12.3.2.4 Eastern Europe Crown Closure Market By End-user Industry
12.3.2.5 Poland
12.3.2.5.1 Poland Crown Closure Market By Diameter
12.3.2.5.2 Poland Crown Closure Market By Material
12.3.2.5.3 Poland Crown Closure Market By End-user Industry
12.3.2.6 Romania
12.3.2.6.1 Romania Crown Closure Market By Diameter
12.3.2.6.2 Romania Crown Closure Market By Material
12.3.2.6.4 Romania Crown Closure Market By End-user Industry
12.3.2.7 Hungary
12.3.2.7.1 Hungary Crown Closure Market By Diameter
12.3.2.7.2 Hungary Crown Closure Market By Material
12.3.2.7.3 Hungary Crown Closure Market By End-user Industry
12.3.2.8 Turkey
12.3.2.8.1 Turkey Crown Closure Market By Diameter
12.3.2.8.2 Turkey Crown Closure Market By Material
12.3.2.8.3 Turkey Crown Closure Market By End-user Industry
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Crown Closure Market By Diameter
12.3.2.9.2 Rest of Eastern Europe Crown Closure Market By Material
12.3.2.9.3 Rest of Eastern Europe Crown Closure Market By End-user Industry
12.3.3 Western Europe
12.3.3.1 Western Europe Crown Closure Market By Country
12.3.3.2 Western Europe Crown Closure Market By Diameter
12.3.3.3 Western Europe Crown Closure Market By Material
12.3.3.4 Western Europe Crown Closure Market By End-user Industry
12.3.3.5 Germany
12.3.3.5.1 Germany Crown Closure Market By Diameter
12.3.3.5.2 Germany Crown Closure Market By Material
12.3.3.5.3 Germany Crown Closure Market By End-user Industry
12.3.3.6 France
12.3.3.6.1 France Crown Closure Market By Diameter
12.3.3.6.2 France Crown Closure Market By Material
12.3.3.6.3 France Crown Closure Market By End-user Industry
12.3.3.7 UK
12.3.3.7.1 UK Crown Closure Market By Diameter
12.3.3.7.2 UK Crown Closure Market By Material
12.3.3.7.3 UK Crown Closure Market By End-user Industry
12.3.3.8 Italy
12.3.3.8.1 Italy Crown Closure Market By Diameter
12.3.3.8.2 Italy Crown Closure Market By Material
12.3.3.8.3 Italy Crown Closure Market By End-user Industry
12.3.3.9 Spain
12.3.3.9.1 Spain Crown Closure Market By Diameter
12.3.3.9.2 Spain Crown Closure Market By Material
12.3.3.9.3 Spain Crown Closure Market By End-user Industry
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Crown Closure Market By Diameter
12.3.3.10.2 Netherlands Crown Closure Market By Material
12.3.3.10.3 Netherlands Crown Closure Market By End-user Industry
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Crown Closure Market By Diameter
12.3.3.11.2 Switzerland Crown Closure Market By Material
12.3.3.11.3 Switzerland Crown Closure Market By End-user Industry
12.3.3.1.12 Austria
12.3.3.12.1 Austria Crown Closure Market By Diameter
12.3.3.12.2 Austria Crown Closure Market By Material
12.3.3.12.3 Austria Crown Closure Market By End-user Industry
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Crown Closure Market By Diameter
12.3.3.13.2 Rest of Western Europe Crown Closure Market By Material
12.3.3.13.3 Rest of Western Europe Crown Closure Market By End-user Industry
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Crown Closure Market By Country
12.4.3 Asia-Pacific Crown Closure Market By Diameter
12.4.4 Asia-Pacific Crown Closure Market By Material
12.4.5 Asia-Pacific Crown Closure Market By End-user Industry
12.4.6 China
12.4.6.1 China Crown Closure Market By Diameter
12.4.6.2 China Crown Closure Market By Material
12.4.6.3 China Crown Closure Market By End-user Industry
12.4.7 India
12.4.7.1 India Crown Closure Market By Diameter
12.4.7.2 India Crown Closure Market By Material
12.4.7.3 India Crown Closure Market By End-user Industry
12.4.8 Japan
12.4.8.1 Japan Crown Closure Market By Diameter
12.4.8.2 Japan Crown Closure Market By Material
12.4.8.3 Japan Crown Closure Market By End-user Industry
12.4.9 South Korea
12.4.9.1 South Korea Crown Closure Market By Diameter
12.4.9.2 South Korea Crown Closure Market By Material
12.4.9.3 South Korea Crown Closure Market By End-user Industry
12.4.10 Vietnam
12.4.10.1 Vietnam Crown Closure Market By Diameter
12.4.10.2 Vietnam Crown Closure Market By Material
12.4.10.3 Vietnam Crown Closure Market By End-user Industry
12.4.11 Singapore
12.4.11.1 Singapore Crown Closure Market By Diameter
12.4.11.2 Singapore Crown Closure Market By Material
12.4.11.3 Singapore Crown Closure Market By End-user Industry
12.4.12 Australia
12.4.12.1 Australia Crown Closure Market By Diameter
12.4.12.2 Australia Crown Closure Market By Material
12.4.12.3 Australia Crown Closure Market By End-user Industry
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Crown Closure Market By Diameter
12.4.13.2 Rest of Asia-Pacific Crown Closure Market By Material
12.4.13.3 Rest of Asia-Pacific Crown Closure Market By End-user Industry
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Crown Closure Market By Country
12.5.2.2 Middle East Crown Closure Market By Diameter
12.5.2.3 Middle East Crown Closure Market By Material
12.5.2.4 Middle East Crown Closure Market By End-user Industry
12.5.2.5 UAE
12.5.2.5.1 UAE Crown Closure Market By Diameter
12.5.2.5.2 UAE Crown Closure Market By Material
12.5.2.5.3 UAE Crown Closure Market By End-user Industry
12.5.2.6 Egypt
12.5.2.6.1 Egypt Crown Closure Market By Diameter
12.5.2.6.2 Egypt Crown Closure Market By Material
12.5.2.6.3 Egypt Crown Closure Market By End-user Industry
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Crown Closure Market By Diameter
12.5.2.7.2 Saudi Arabia Crown Closure Market By Material
12.5.2.7.3 Saudi Arabia Crown Closure Market By End-user Industry
12.5.2.8 Qatar
12.5.2.8.1 Qatar Crown Closure Market By Diameter
12.5.2.8.2 Qatar Crown Closure Market By Material
12.5.2.8.3 Qatar Crown Closure Market By End-user Industry
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Crown Closure Market By Diameter
12.5.2.9.2 Rest of Middle East Crown Closure Market By Material
12.5.2.9.3 Rest of Middle East Crown Closure Market By End-user Industry
12.5.3 Africa
12.5.3.1 Africa Crown Closure Market By Country
12.5.3.2 Africa Crown Closure Market By Diameter
12.5.3.3 Africa Crown Closure Market By Material
12.5.3.4 Africa Crown Closure Market By End-user Industry
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Crown Closure Market By Diameter
12.5.3.5.2 Nigeria Crown Closure Market By Material
12.5.3.5.3 Nigeria Crown Closure Market By End-user Industry
12.5.3.6 South Africa
12.5.3.6.1 South Africa Crown Closure Market By Diameter
12.5.3.6.2 South Africa Crown Closure Market By Material
12.5.3.6.3 South Africa Crown Closure Market By End-user Industry
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Crown Closure Market By Diameter
12.5.3.7.2 Rest of Africa Crown Closure Market By Material
12.5.3.7.3 Rest of Africa Crown Closure Market By End-user Industry
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Crown Closure Market By country
12.6.3 Latin America Crown Closure Market By Diameter
12.6.4 Latin America Crown Closure Market By Material
12.6.5 Latin America Crown Closure Market By End-user Industry
12.6.6 Brazil
12.6.6.1 Brazil Crown Closure Market By Diameter
12.6.6.2 Brazil Crown Closure Market By Material
12.6.6.3 Brazil Crown Closure Market By End-user Industry
12.6.7 Argentina
12.6.7.1 Argentina Crown Closure Market By Diameter
12.6.7.2 Argentina Crown Closure Market By Material
12.6.7.3 Argentina Crown Closure Market By End-user Industry
12.6.8 Colombia
12.6.8.1 Colombia Crown Closure Market By Diameter
12.6.8.2 Colombia Crown Closure Market By Material
12.6.8.3 Colombia Crown Closure Market By End-user Industry
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Crown Closure Market By Diameter
12.6.9.2 Rest of Latin America Crown Closure Market By Material
12.6.9.3 Rest of Latin America Crown Closure Market By End-user Industry
13. Company Profiles
13.1 Crown Holdings Inc.
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Group Plc
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Amcor plc
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Berry Global Inc.
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Guala Closures S.p.a
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Rexam PLC
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Reynolds Group Ltd.
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Silgan Holdings Inc.
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 BERICAP
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 AptarGroup Inc.
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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