The North America Metal Caps and Closures Market is excepted to grow at a high CAGR by 2029
The U.S. is the fastest growing country in North America in the consumption of beer every year. As per the statistics, in 2019 U.S. beer industry shipped nearly 2.8 billion cases of 24-12 ounce containers and reported 6,400 reporting brewery facilities/locations in the country. The changing lifestyle and rising adoption of pop culture in the country is the prime factor for increasing beer consumption coupled with growing disposable income in the region. Rising consumption of beer in the U.S. is more likely to improve the usage of crown-metal caps for beer packaging, as the packaging provides excellent sealing for long-distance coverage
In March 2020, Crown Embalagens Metálicas da Amazônia S.A., a subsidiary of Crown Holdings, Inc. and a U.S.-based packaging manufacturer, partnered with Brazil-based craft beer brand Bierland to convert 100% of its product portfolio to be packaged in beverage cans. The metallic cans and closures are infinitely recyclable and can be transformed into new cans in as little as 60 days.
The U.S. is known as the most extensive wine consumer and the fourth-largest wine producer globally. Although wine is produced in different states in North America, California wine still dominates. Increasing cardiovascular disease in the country is the prime factor adding value to the increasing consumption of wine coupled comes in numerous varieties with many qualities to explore
In Canada, the most favored alcoholic drink is wine, followed by domestic and imported beer. Vodka is the leading spirit consumed in Canada and Rum holds the second position in the consumption list of spirits. Growing awareness about wine production, increasing wine growers and brands and regular drinkers in the Canadian region is uplifting wine consumption and production. Also, the rising number of vodka and rum in Canada increases demand for crown metal caps and twist metal caps in the Canada region as the packaging is user-friendly and can re-seal easily
North America is the first region that created ketchup with its native crop, tomato. Heinz ketchup is predominately manufactured and consumed by the American population. Many companies switch their ketchup packaging from plastic to glass bottles with a twisted metal cap over its top due to increasing regulatory norms. These caps are recyclable and can store the ingredient quality in the ketchup for a longer duration
Steel and Aluminum twist-on metal caps are predominantly used in the U.S. and Mexico for packaging milk glass bottles. The packaging can be easily recyclable and imparts excellent sealing for storing milk compared to plastic and paper packaging.
The US cosmetics industry has seen unprecedented growth since 2018, particularly in skincare, haircare, make-up, perfumes, toiletries and deodorants, and oral cosmetics. The growing demand for cosmetic products has improved the packaging behavior of various cosmetics and industries, particularly over metal caps and closures, as they maintain the stored product quality and add to the shelf life of the cosmetic product as compared to plastic packaging, which is more prone to damage and the waste product of the packaging shows severe effects on the environment.
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