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

  • 2018-09-14
  • REP-GB-7223
  • 209 pages
  • PDF PPT EXCEL
 Ring Pull Caps Market

An Incisive, In-depth Analysis on the Ring Pull Caps Market

This study offers a comprehensive, 360 degree analysis on the Ring Pull Caps market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Ring Pull Caps market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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.

This report provides forecast and analysis of the ring pull caps market at the global level. It provides historical data of 2013-2017 along with forecast from 2018 to 2028 in terms of revenue (US$ Mn) and volume (Units). The report also includes macroeconomic indicators along with an outlook on packaging demand, beverage packaging market outlook, metal caps & closures market outlook and comparison between metal and plastic caps & closures. In addition, it includes global drivers, restraints and recent trends of the ring pull caps market. The report also comprises the study of opportunities for ring pull caps manufacturers and also includes detailed value chain analysis.

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and company players with their SWOT analysis and strategy overview. The dashboard provides detailed comparison of ring pull caps manufacturers on parameters such as product offerings, total revenue, target regions, key differentiator and headquarters. The study encompasses market attractiveness analysis by material, cap diameter, end-use, and region.

The report includes volume sales of ring pull caps and the revenue generated from sales of ring pull caps globally and across all important regional economies. The global ring pull caps market is segmented on the basis of material into aluminum and steel segments.

On the basis of cap diameter, the global ring pull caps market is segmented into 26 mm and other sizes segments.

On the basis of end-use, the global ring pull caps market is segmented into beer, soft drinks and others segments.

The ring pull caps market numbers have been assessed based on sales and weighted average pricing of ring pull caps by material and then aggregate revenue is derived through country pricing trends. Ring pull caps market size and forecast for each segment have been provided in the context of regional markets. The ring pull caps market has been analyzed based on expected demand and current ring pull caps market scenario. Pricing is considered for the calculation of revenue that are average country prices obtained through primary quotes from numerous regional ring pull caps manufacturers, suppliers, and distributors. All key end users have been considered on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the ring pull caps market for various end uses of ring pull caps in different regions across the globe. Top-down approach has been used to estimate the ring pull caps market by country. Ring pull caps market numbers for all the regions by material, by cap diameter and by end-use have been derived using the bottom-up approach, which is cumulative of each region’s demand. Company-level ring pull caps market share has been derived on the basis of revenues reported by key manufacturers. The ring pull caps market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, World Bank, Packaging Digest, Hoover’s, and company’s annual reports and publications.

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.)

  • By Region

    • North America

      • US

      • Canada

    • Latin America

      • Brazil

      • Mexico

      • Rest of Latin America

    • Western Europe

      • Germany

      • Italy

      • France

      • UK

      • Spain

      • Benelux

      • Rest of Western Europe

    • Eastern Europe

      • Russia

      • Poland

      • Ukraine

      • Rest of Eastern Europe

    • Middle East & Africa (MEA)

      • GCC Countries

      • South Africa

      • North Africa

      • Turkey

      • Rest of MEA

    • Asia Pacific excluding Japan (APEJ)

      • China

      • India

      • ASEAN

      • Australia & New Zealand

      • Rest of APEJ

    • Japan

Ring Pull Caps Market Reports - Table of Contents

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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