New report shares details about the Ring Pull Caps Market by 2028

Posted by Shirish Wadaskar on February 5th, 2019

Global Ring Pull Caps Market - Overview:

Ring pull caps are closures used for sealing the top of a bottle. Ring pull caps are an efficient aspect of packaging, which deal with the protection of products packed within the bottle, and prevents it from leakage. Traditional crown cork mainly faces problems related to the opening of the closure, which makes it a little difficult for the user to open without using a cork opener. Ring pull caps are made up of a widespread variety of material such as plastic, steel, aluminum, and tin. Ring pull caps are lightweight and durable closures, which are of the same diameter as that of crown corks, and can be easily pulled without any need for a bottle opener. Ring pull caps are mainly used for carbonated beverages such as water, soft drinks, beer, non-pasteurized drinks, energy drinks, etc. All these factors would help the ring pull caps market grow significantly over the forecast period.

Global Ring Pull Caps Market - Dynamics:

Ring pull caps outperform their use as lightweight, yet strong closures that seal bottles and prevents a beverage from spilling. The growing demand for packaging to certify the longer shelf life of beverages is recognized as a key feature driving the ring pull caps global market. Another potential aspect that supports ring pull caps is that they act as a tamper-evident closure to the packaged content. Ring pull caps are known to act as good sealers for glass bottles and prevent premature opening, while allowing easy opening features. Furthermore, ring pull caps provide a greater barrier to moisture, oxygen, dirt, and others. However, ring pull caps being more costly as compared to plastic caps is hampering the market for ring pull caps.

Global Ring Pull Caps Market - Segmentation:

The global ring pull caps market is segmented by material type and by end use application. The pricing for ring pull caps has being done based on material type segment in US$ million, and the volume is considered in tonnes.

On the basis of material type, the global ring pull caps market is segmented into - Aluminum Ring Pull Caps,Tin Ring Pull Caps,Steel Ring Pull Caps & Plastic Ring Pull Caps

On the basis of end use application, the global ring pull caps market is segmented into - Food & Beverages,Personal Care & Cosmetics,Pharmaceuticals,Food Service,Industrial Wrapping Paper,Others

Ring pull caps are mainly used for gift wrapping several different applications such as food, beverages, personal care & cosmetics, etc., which is preferred by consumers.

Global Ring Pull Caps Market – Regional Overview:

The global ring pull caps market is divided into seven major regions, which are as follows - North America,Asia - Pacific excluding Japan (APEJ),Latin America,Eastern Europe,Western Europe,Japan & Middle East & Africa (MEA)

The North American ring pull caps market is expected to be largely positive during the forecast period. Though, a marginal decline in the demand for ring pull caps is expected due to low consumption of alcoholic beverages. Americans now drink more bottled water than any other beverage. The Western European ring pull caps market is expected to trail behind its North American counterpart. The Asia Pacific ring pull caps market is expected to witness steady growth during the forecast period, owing to a rise in the consumption of premium beverages, and the growing need for tamper-evident packaging. The ring pull caps market in the Middle East is expected to be rather dormant, due to limited alcoholic beverage consumption.

Global Ring Pull Caps Market – Key Players:

A few of the key players in the ring pull caps market are Finn - Korkki Oy, Pelliconi & C. SPA, World Bottling Cap, LLC, Wonderfly International Trade Co., Ltd., Hongning International Trade Co., Ltd., Original Import And Export Co., Ltd., Evergreen Industry Co., Ltd., etc.