PET Bottles Pose Challenges to the Rising Ring Pull Cap Market

Published on : Dec 03, 2018

Albany, New York, December 3, 2018: Comfort is the sole mantra of today’s fast paced life; that is what impelling the growth of ring pull caps market. Stiff competition and soaring demand for attractive packaging has swelled the demand for ring pull caps. In addition, ring pull caps market has gained attention owing to the ease and convenience it provides in opening bottles, cans and tins. Besides, ring pull caps is resilient to the pressure of carbonated and non-carbonated drinks. Oxygen scavenger liner in ring pull caps aids in longer shelf life and protects the quality of the beer. These assimilations are according to the report titled, “Ring Pull Caps Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been lately added to the repository of Market Research Hub (MRH). According to the study, beer industry holds 75% of the global ring pull cap market share.

Polyethylene terephthalate (PET) bottles are slowly and steadily superseding glass bottles as the former incurs low transportation charges and is low in weight. Financially, it costs low as compared to glass bottles. The other challenge to the pull cap market is the high cost associated with it vis-à-vis crown caps. In a bid to counter crown caps, manufacturers are vying to design crown-like ring pull caps which is projected to boost the market.

Ring Pull Caps Market: Report Synopsis

The report does a thorough analysis on the ring pull caps market. Further, the report peruses drivers, restraints, opportunities and trends of the market. The report also includes a comprehensive analysis of the market by segmenting it on the basis of material, cap diameter, and end use. On the basis of material the market has been segmented into aluminum, steel; with respect to cap driver, the market has been fragmented into 26 mm and other sizes; on the basis of end-use, the market is segmented into beer, soft drinks and others (wine, Juices, etc.).

The report begins with the executive summary followed by market introduction and its definition. The report also does a coherent analysis on the taxonomy, macro-economic factors and opportunity analysis impacting the market. The final section contains the competitive landscape to present the readers with a dashboard view of the major players in the market. The report incorporates major strategies, essential offerings and development in the market. Some of the predominant players in the market are Jiangsu Changjiang Lids Co., Finn-korkkki Oy, Nippon Closure Co. Ltd, to name a few.

Ring Pull Caps Market: Research Methodology

A thorough research methodology has been adopted with respect to primary and secondary research. The nuggets of information in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by expert panel. One of the features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often neglected while estimating the market. Besides, the ring pull market number has been analyzed on the basis of weighted average pricing and sales of ring pull caps along with Porters’ Five Force Analysis.

The secondary research incorporates Factiva, World Bank, Hoovers, Packaging Digest, annual reports and publications. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with authentic report, a panel of expert delineates the data collected from different sources.

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