Product Code: ETC105528 | 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 Philippines crown closure market is estimated to reach USD 842 million, registering a moderate CAGR during the forecasted years. Factors such as burgeoning use of beer cans due to urbanization coupled with expanding brewery industry is likely propelling the remuneration graph upwards owing its wide range applications ranging from soft drink bottles, beers, juices, energy drinks etc. Substantial development witnessed amidst bottled water production sector based on stringent government regulations encouraging business operations largely attributed responsible behind healthy industrial developments. Moreover, escalating preference amongst beverage companies pertaining convenient packaging solutions provided through crown closures aiding immense potentials ahead.
The Philippines crown closure market, encompassing the production and distribution of bottle caps for various beverages, is driven by factors such as the thriving beverage industry, growth in consumer preferences for bottled drinks, and the demand for effective packaging solutions. The rising consumption of bottled water, soft drinks, and alcoholic beverages contributes to the steady demand for crown closures. Furthermore, the increasing trend of convenience and on-the-go consumption fuels the market, as crown closures ensure the freshness and safety of the packaged beverages, supporting the market`s growth.
The Philippines crown closure market, encompassing the production and distribution of closures for beverage and food containers, faces several challenges. These challenges include ensuring the compatibility of closures with different packaging materials and designs to maintain product integrity and prevent leakage. Additionally, as sustainability becomes a growing concern, manufacturers in this market may need to address issues related to the recyclability and environmental impact of crown closures. Meeting stringent quality and safety standards, keeping up with technological advancements, and maintaining cost-effectiveness are ongoing challenges in this market.
The Philippines crown closure market faced significant challenges as a result of the COVID-19 pandemic. Crown closures are widely used in the beverage and food industries. The disruptions in manufacturing activities, reduced consumption of non-essential products, and changes in consumer preferences impacted the demand for crown-capped products. As beverage and food consumption patterns normalize and economic activities stabilize, the crown closure market is projected to recover. The market`s resurgence will be driven by the need for secure packaging solutions and the revival of consumer goods sectors.
The Philippines crown closure market, which involves the production of closures for bottles and containers, could feature key players like San Miguel Yamamura Packaging Corporation. This packaging solutions provider offers a range of closures, contributing to the beverage and packaging industries. Another significant participant might be Can-Pack Philippines, known for its packaging solutions, including crown closures, shaping the market by providing quality closures for various applications.
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 Philippines Crown Closure Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Crown Closure Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Crown Closure Market - Industry Life Cycle |
3.4 Philippines Crown Closure Market - Porter's Five Forces |
3.5 Philippines Crown Closure Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Crown Closure Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Philippines Crown Closure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Crown Closure Market Trends |
6 Philippines Crown Closure Market, By Types |
6.1 Philippines Crown Closure Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Crown Closure Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Philippines Crown Closure Market Revenues & Volume, By Metal, 2018 - 2031F |
6.1.4 Philippines Crown Closure Market Revenues & Volume, By Plastic, 2018 - 2031F |
6.2 Philippines Crown Closure Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Crown Closure Market Revenues & Volume, By Beer, 2018 - 2031F |
6.2.3 Philippines Crown Closure Market Revenues & Volume, By Carbonated Soft Drinks, 2018 - 2031F |
6.2.4 Philippines Crown Closure Market Revenues & Volume, By Others, 2018 - 2031F |
7 Philippines Crown Closure Market Import-Export Trade Statistics |
7.1 Philippines Crown Closure Market Export to Major Countries |
7.2 Philippines Crown Closure Market Imports from Major Countries |
8 Philippines Crown Closure Market Key Performance Indicators |
9 Philippines Crown Closure Market - Opportunity Assessment |
9.1 Philippines Crown Closure Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Crown Closure Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Philippines Crown Closure Market - Competitive Landscape |
10.1 Philippines Crown Closure Market Revenue Share, By Companies, 2024 |
10.2 Philippines Crown Closure Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |