Crown Closures Market Size, Share, CAGR & Forecast Report for 2033

ByNiranjan karde

The market for crown closures is anticipated to be worth US$ 1,096.1 million in 2023 and US$ 1,389.47 million in 2033. Throughout the projection period, sales of crown closures are anticipated to grow at a CAGR of 2.4%.

The last steps in the packing process are crown closures. The integrity of the final product depends on them being one of the most crucial steps in the entire process. Crown closures are crucial elements of product packaging and they significantly enhance the use and appeal of the products.

Aluminum crown closures account for more than 70% of the total consumption of crown closures, according to the report. A majority of sales is registered by small-diameter (26mm) crown closures, compared to the crown closures that have large diameter (29mm).

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Beer Accounts for More than 70% of the Demand for Crown Closures

The growth of food and beverages market has been closely influencing the performance of crown closures market. According to FMI’s analysis, alcoholic beverages, particularly beer and wine, will remain the most prominent end use categories in crown closures market. Beer currently holds just-over 70% share in the global demand for crown closures, followed by carbonated soft drinks.

While consumption of crown closures is likely to be sustained by increasing beer production as well as consumption, it has been observed that emergence of superior packaging alternatives in the beverages sector is particularly translating into the falling demand for crown closures in the carbonated soft drinks category.

According to FMI’s analysis, rapidly growing preference for PET (polyethylene) bottles over glass bottles for packaging of carbonated soft drinks will continue to hold significant impact on the demand for crown closures in years to come.

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Key Segments Covered in the Market Report

Market by Diameter:

  • 26 mm Crown Closures
  • 29 mm Crown Closures

Market by Material:

  • Aluminium
  • Steel

Market by End-user Industry:

  • Beer
  • Carbonated Soft Drinks
  • Food
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)