Market Trends of Europe Metal Closures Industry
This section covers the major market trends shaping the Europe Metal Closures Market according to our research experts:
Beverage Industry Expected to Exhibit Maximum Adoption
- The beverage industry is one of the major contributors to the Metal Closures market. Various types of metal closures are used in beverage packagings such as Crown Caps, Aluminum Screw Caps, Twist/Lug Closures, and others. Several kinds of beverages, such as Carbonated Soft Drinks, Energy Drinks, and Alcoholic Beverages, are among the major end-user segments for the use of metal closures.
- Beverage caps and closures demand has been increasing at a significant rate in Europe, owing to the widespread consumption of alcoholic and non-alcoholic drinks across the continent. According to Brewers of Europe, in 2018, the volume of beer produced in Europe is 402,105 thousand hectoliters. This is further driving the demand for metal closures in the region.
- Moreover, regional market players are taking several initiatives to boost their productivity through efficiency and innovation, which will expand their market presence. For instance, Herti, which serves the European wine and spirits industry, increased production of its 30×60 aluminum screw caps in June 2018, further driving the growing demand for metal closures from the wine industry.
- In January 2020, Tecnocap exhibited an extensive range of metal closures and a redesigned portfolio of aluminum aerosol cans and bottles made from 100% recycled aluminum at the ADF&PCD and PLD Paris 2020.
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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.
- Several regional market players are expanding their range of products by either innovation in the market or enhancing their productivity to capture the maximum market share. For instance, in 2019, Bericap expanded its range of caps and closures in its UK site. The new UK manufactured products will increase the diversity of caps, closures, and associated products, as well as increase its capacity to enhance the supply in the UK domestic market.
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