Ring Pull Caps Market size shall reach a value of $433.4 Million in 2027, growing with a CAGR of 5.1% during the forecast period of 2020 to 2027.
Ring Pull Caps Market Growth and Trends
The most important factor contributing to the increase in the ring pull cap market is the convenience that the ring pull market. The increase in the production of soft drinks, wine, juices, spirits, alcohol, and beer is the major factor driving the increase in the ring pull cap market growth.
The ring pull caps are generally associated with beer bottles. The beer market has a huge market share and is expected to grow at a very high pace in the coming years with the rapid increase in the population along with the soaring demand for beer thus accelerating the ring pull cap market demand and growth. Ring pull caps are used to preserve the quality of beer and also help in providing a longer shelf and hence is majorly used in the beer manufacturing industries or breweries. Beer is the highest consumed beverage in the world after water, leading to an increase in the market growth of the ring pull cap.
The other important factor contributing to the market growth is the replacement of traditional crown caps with ring pull caps in most of the soft drinks including the leading brands like Pepsi and Coca-Cola and this has catapulted the growth in the ring pull cap market.
The major hindrance in the ring pull market growth is the usage of PET bottles instead of glass bottles due to several benefits and ring pull caps are majorly used in glass bottles thus restraining its market growth.
Ring Pull Caps Market Competition
Key companies operating in this industry 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, Taiwan Hon Chuan Enterprise Co., Ltd., Finn-Korkki Oy and Yantai Yilade Packaging Technology Co., Ltd.
Coverage Highlights
• Ring Pull Caps Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Ring Pull Caps Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Material: Aluminum
• Material: Steel
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Beer
• Soft Drinks
Country (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Ring Pull Caps Market Companies
• 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
• Taiwan Hon Chuan Enterprise Co., Ltd.
• Finn-Korkki Oy
• Yantai Yilade Packaging Technology Co., Ltd.
