LEADING beverage packaging manufacturer Taiwan Hon Chuan Group (THC) is accelerating product innovations and expanding its range of metal and aluminium caps with features to match different customer needs in preparation for market uptick. Drawing upon half a century of industry experience, the Taichung, Taiwan-based company is one of few suppliers serving as a one-stop shop for beverage packaging requirements, offering caps of different materials, preforms, bottles and labels. THC even does beverage filling.
With the global beverage industry expected to continue thriving, the packaging market is likewise projected to rise. Ecommerce market data and intelligence provider PipeCandy forecasts total worldwide beverage market value this year will hit US$1813 billion and keep on its upward trajectory to reach US$1885 billion in 2024 and US$1961 billion the year after that.
This positive outlook means only good news for the beverage packaging market, itself seen to maintain an upbeat outlook for the years ahead. The variety alone of packaging designs and options as well as size and the materials used to make these reflects industry scale. Market intelligence firm Mordor Intelligence predicts a 6.2 percent CAGR for the beverage packaging sector from 2021 through 2026, by which period market value would have reached US$205.32 billion.
“Asia is where we expect to see the fastest growth. We have been strengthening not only our presence but our manufacturing capability in the Asian region these past years precisely to prepare for this demand spike,” said THC Chairman Hung Chuan Dai, in a webinar conducted by Ringier Events on 1 April 2022.
Of THC’s 45 production sites globally, 95 percent are located in Asia. In Southeast Asia alone, THC has 20 manufacturing facilities spanning Myanmar, Thailand, Malaysia, Vietnam and Indonesia, with a Philippine site to be added in the next two or two years. The company has eight plants in Taiwan and 15 in China. Outside of Asia, there are two factories in Africa.
Growing the aluminium caps line
THC has been aggressively diversifying its product
line to be able to offer a wider selection of caps, with the options not
limited to the type of material but also size, applications, features and
designs. The company is even looking beyond the food and beverage sector,
hoping to tap increasing demand for closures in the cosmetics, pharmaceuticals
and daily care segments to boost its presence in these areas.
“The aluminium caps and closures market is expanding significantly, and this is not just in the F&B sector. The pandemic pushed up demand for medicines, which raised the need for caps, especially metal and aluminium variants, because of their contamination- and leak-resistant capability. These same considerations are making aluminium caps popular in the cosmetics sector,” said Justin Huang, business development manager at THC.
THC now offers aluminium caps for different applications and in various sizes. These also come with different liners. For small-volume beverages, THC has 18.2x12.mm ROPP caps with PE liner and 90°C heating resistance and 19.8x12.4mm ROPP caps with PVC liner and 121°C heating resistance. The former can also be used for sample liquor products such as 10ml bottles and the latter for cough syrup as small as 20ml.
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