Ring Pull Caps Market

Ring Pull Caps Market: Beer to be the Largest End-use Segment Followed by Soft Drinks: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

Global Ring Pull Caps Market Analysis: Beer segment is projected to further rise in penetration in the ring pull caps market

The key driving factor propelling the demand for ring pull caps market globally is the convenience provided by the ring pull caps to the consumers in opening the cap. The global ring pull caps market is projected to expand at a CAGR of 5.1% by the end of 2028. The ring pull caps are primarily incorporated with glass bottles of beverages. Beer and soft drinks producers are the major end-users of the ring pull caps market globally. Thus, the global ring pull caps market is segmented on the basis of end-use as beer, soft drinks and others (including wine, spirits, juices, functional drinks, etc.).

The ring pull caps were initially introduced with the beer glass bottles. At present, the beer segment is estimated to account for around 3/4th of the global market share and further projected to witness high growth rate during the forecast period. Although, the ring pull caps have the highest penetration in the beer packaging industry, less than 5% of beer glass bottles have the ring pull caps as a closure and majority of them still have the metal crown caps on the top. The ring pull caps are provided with oxygen scavenger liner for the beer glass bottles to preserve the quality of the beer for a longer time period and results in longer shelf life for the beer.

PET bottles for the beer packaging are gradually replacing the glass bottles due to several benefits of PET bottles over glass bottles, which includes high impact resistant strength, low weight, low cost, low transportation charges, and ultimately leading to one time use PET bottles unlike returnable glass bottles for beer packaging. As beer is one of the highest consumed packaged beverage in the world after bottled water, tea and coffee, the beer industry has provided a large opportunity for the ring pull caps market.

Another barrier created for the expansion of the ring pull caps market is the much higher price of the ring pull caps as compared to the price of crown caps. The proper designing of an efficient ring pull cap takes much higher effort as compared to that of crown caps, along with special machinery and higher amount of raw material which adds up to the cost of ring pull caps. Some of the key beer producers in world using ring pull caps include Carlsberg, SABMiller and Heineken.

The soft drinks end-use segment follows the beer segment in terms of market share in the global ring pull caps market. Some of the global leaders of the soft drinks industry, such as Pepsi Cola and Coca Cola, are promoting their products by replacing the traditional crown caps with ring pull caps.

The glass bottles are majorly preferred by the beverage producers due to highly aesthetic packaging solution. Although, the beverage producers are gradually shifting to metal cans and PET bottles due to various disadvantages associated with the glass bottles, limiting the ring pull caps demand for the soft drinks.

Others end-use segment of the ring pull caps market include primarily beverages other than beer and soft drinks. Various juice producers, functional drink producers, ciders & spirits producers and energy drinks producers have incorporated ring pull caps for glass bottles. The penetration of others segment is even lower than 10% in the global ring pull caps market and is further projected to witness slight fall during the forecast period.

 

Detailed profiles of companies are also included in the report to evaluate their strategies, key product offerings and recent developments. The key players of the global ring pull caps market are Finn-Korkki Oy, The TNN Development Limited, Fuzhou SKT Co., Ltd., Jiangsu Changjiang Lids Co., Ltd, Pelliconi & C. SPA, Nippon Closures Co. Ltd., World Bottling Cap, LLC and Taiwan Hon Chuan Enterprise Co., Ltd.

Key Segments Covered

  • By Material
    • Aluminum
    • Steel
  • By Cap Diameter
    • 26 mm
    • Other sizes
  • By End-use
    • Beer
    • Soft drinks
    • Others (wine, Juices, etc.)

Key Regions covered:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • APEJ
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

Need specific information?

In the news

How Businesses Can Utilize Market Research to Create Reactive, Recession-proof Strategies for Survival

by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights

Our Clients

View Our Reports from Packaging

View Reports

Recommendations

Ring Pull Caps Market