Europe Metal Closures Market Is Booming Worldwide by 2025 | Guala Closures Group, Sonoco Products Company, Pelliconi & C. SpA
The Europe Metal Closures Market is expected to register a CAGR of approximately 3% during the forecast period (2020 - 2025). The recyclability factor of metal packaging drives the increase in the adoption of metal closures over plastic closures. Also, materials used in metal packagings like aluminum and steel are the two most robust raw materials for packaging solutions like caps and closures owing to the superior recycling infrastructure.
Top leading Manufacturers Profiled in Metal Closures Market Report are: Crown Holdings Incorporated, Herti JSC, Guala Closures Group, Sonoco Products Company, Pelliconi & C. SpA, Silgan Group, CAN-PACK S.A., Technocap Group
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- Metal closures extend shelf-life while retaining the taste, flavor, and texture of the packaged products. It also offers leak-proof and contamination resistant features, hence, metal closures play a vital role in driving visual appeal, brand differentiation, and convenience for consumers. Metal closures find application in various end-user industries such as food, beverages, and pharmaceuticals, amongst others.
- Europe is one of the largest markets for food items such as jams, jellies, pures, and marmalades, representing around 50% of total world imports. Further, the region has a higher consumption of packed food items such as jams, pickles, and many other food products, which augment the growth of the metal closures market in the region.
- Moreover, the pharmaceutical industry is another major sector using metal closures due to its barrier properties and insulating properties. Metal closures can be sealed securely, opened easily, and resealed effectively. Due to the growing market of OTC (Over-the-Counter) drugs, especially syrup bottles, metal closures have rising demand in the region. According to the EFPIA 2019 report, the pharmaceutical market value in Europe was EUR 208,949 million, and the export value of the region was EUR 396,036 million.
Regional Analysis for Metal Closures Market:
For a comprehensive understanding of market dynamics, the Europe Metal Closures market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
United Kingdom Expected to Hold a Significant Share in the Market
- The United Kingdom is expected to hold a significant share in the European Metal Closures Market, due to the presence of major vendors such as Guala Closures Group, Bericap, and Sonoco Products Company.
- The adoption of metal closures is maximum in the beverage industry owing to its properties like recyclability, durability, and its ability to offer leak-proof and contamination resistant features. Amongst the beverages, beer is expected to show the maximum adoption of metal closures.
- According to a study by the Office for National Statistics (UK), the sale of beer in the United Kingdom amounted to approximately GBP 3.4 billion in 2018. Also, the sales of Cider and Other Fruit Wines amounted to approximately GBP 0.98 million in 2018.
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- October 2019 - SABIC, a global company in the chemicals industry opened a new Technology and Innovation Center dedicated to the caps and closures segment in Geleen, the Netherlands. The Technology and Innovation Center is located in SABICs Global Technology Center for Europe on the Chemelot Campus. This investment isexpected to aid SABICs commitment to the industry to develop new materials and technologies focused on caps and closures.
- September 2019 - Berlin Packaging, a supplier of glass, plastic, and metal containers and closures, acquired Vetroservice srl, a packaging supplier strategically located in central Italys food and olive oil region. This will help the company in expanding operations to serve as an important supplier of glass packaging for the food and wine markets.
What is the Impact of Covid-19 Outbreak on the Metal Closures?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to Europe operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Europe Metal Closures.
- Metal Closures Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Frequently Asked Questions about the Metal Closures market:
- What are the recent developments and government policies?
- What are the top trends in the Metal Closures market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Metal Closures market?
- Which region would offer high growth for vendors in the market?
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