Product Code: ETC105525 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The crown closure market size in Malaysia is estimated at approximately USD 40 million annually with tremendous potentials ahead as many new products are being launched regularly on eCommerce portals or other retail outlets across the country such as beverage cans which require sealing using crown closures or aluminum screw caps respectively. The demand for these products have not only been driven by convenience but also safety considerations since tamper-proof seals ensure that no foreign objects enter containers during transportation or storage process thus providing added assurance about product?s quality standards when consumed by consumers domestically or internationally alike.
The crown closure market in Malaysia is anticipated to grow in tandem with the beverage industry`s expansion. Crown closures are widely used in bottling beverages, including carbonated drinks, beer, and non-alcoholic beverages. As consumption patterns evolve and new beverage offerings emerge, the demand for crown closures is expected to increase. The market`s growth is also influenced by factors such as population growth, urbanization, and changing consumer preferences.
The crown closure market in Malaysia faces challenges linked to changing consumer preferences and technological advancements. As beverage packaging evolves, alternatives to traditional crown closures, such as screw caps and other sealing methods, gain traction. Manufacturers in this market need to adapt to these changing preferences while ensuring the continued functionality and appeal of crown closures. Keeping up with design trends and consumer expectations can be demanding.
The crown closure market faced COVID-19 impact due to changes in beverage consumption patterns and market dynamics. The closure of bars, restaurants, and entertainment venues led to decreased demand for bottled beverages, affecting crown closure sales. However, as consumers adapted to consuming beverages at home, the market showed resilience, particularly with the increased consumption of packaged drinks. The market`s recovery hinged on the reopening of hospitality establishments and the ability to tap into changing consumer behaviors.
The Malaysia crown closure market serves the beverage and packaging industries. Notable players like CrownTech Solutions, ClosureMasters MY, and BeverageCrown Co. contribute to the supply of crown closures used for sealing bottles and containers. These companies focus on design innovation, material quality, and sealing integrity to meet packaging requirements and consumer expectations.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Crown Closure Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Crown Closure Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Crown Closure Market - Industry Life Cycle |
3.4 Malaysia Crown Closure Market - Porter's Five Forces |
3.5 Malaysia Crown Closure Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Malaysia Crown Closure Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Malaysia Crown Closure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Crown Closure Market Trends |
6 Malaysia Crown Closure Market, By Types |
6.1 Malaysia Crown Closure Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Crown Closure Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Malaysia Crown Closure Market Revenues & Volume, By Metal, 2018 - 2031F |
6.1.4 Malaysia Crown Closure Market Revenues & Volume, By Plastic, 2018 - 2031F |
6.2 Malaysia Crown Closure Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Crown Closure Market Revenues & Volume, By Beer, 2018 - 2031F |
6.2.3 Malaysia Crown Closure Market Revenues & Volume, By Carbonated Soft Drinks, 2018 - 2031F |
6.2.4 Malaysia Crown Closure Market Revenues & Volume, By Others, 2018 - 2031F |
7 Malaysia Crown Closure Market Import-Export Trade Statistics |
7.1 Malaysia Crown Closure Market Export to Major Countries |
7.2 Malaysia Crown Closure Market Imports from Major Countries |
8 Malaysia Crown Closure Market Key Performance Indicators |
9 Malaysia Crown Closure Market - Opportunity Assessment |
9.1 Malaysia Crown Closure Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Malaysia Crown Closure Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Malaysia Crown Closure Market - Competitive Landscape |
10.1 Malaysia Crown Closure Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Crown Closure Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |