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Cap Applicator Market Analysis

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Title: Cap Applicator Market Analysis


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
CAP APPLICATOR MARKET ANALYSIS
  • Cap Applicator Market, By Machine Type (Automatic
    Capping Machine, Semi-automatic Capping Machine,
    Hand-held Capping Machines), By Cap Type (Roll On
    Pilfer Proof (ROPP) Caps, Screw Caps, Snap-On
    Caps, Crown Caps), By End-use (Food Beverages,
    Pharmaceutical, Personal Care, Consumer
    Products, Others (Chemical Products, Automotive
    Fluids)), and By Region (Asia Pacific, Europe,
    North America, Latin America, Middle East, and
    Africa) - Size, Share, Outlook, and Opportunity
    Analysis, 2019 - 2027

3
  • A cap applicator is closing equipment that is
    used to seal different types of packages such as
    bottles and other containers. Different cap
    applicators are available in the market for
    different closures with different designs and
    sizes. They are mainly used to seal bottles
    filled with dairy or liquid products. The capping
    equipment can be classified into three categories
    which include, semi-automatic capping machines,
    automatic capping machines, and handheld capping
    machines. Food beverage, pharmaceuticals,
    personal care, consumer products, and others
    (chemical products, automotive fluids) are some
    of the major end-user of the cap applicator.
  • The global cap applicators market is projected to
    reach around US 2.2 billion by the end of 2027,
    in terms of revenue, growing at CAGR of 6.3
    during the forecast period (2019-2027).
  • Drivers
  • The growing food and beverage industry with the
    growing demand for packaged food products is
    expected to propel the market growth of the cap
    applicator over the forecast timeframe. Cap
    applicator is used to packaged beverages and
    other food products in order to maintain the
    freshness until the time of opening. According to
    the India Brand Equity Foundation, the Indian
    food processing industry accounts for 32 percent
    of the countrys total food market, one of the
    largest industries in India and is ranked fifth
    in terms of production, consumption, export and
    expected growth.

4
  • Market Restraints
  • Long-life cycle low replacement rate for cap
    applicators is expected to impact the
    profitability of the manufacturer resulting in
    lower sales volume for packaging manufacturers.
    Hence, this factor is projected to hinder the
    overall sales of cap applicators, in the long
    run, thereby hindering the market growth of the
    cap applicator.
  • The availability of other packaging technology
    for the packaging of the product is expected to
    impede market growth. Packaging system which does
    not require capping and also offer freshness to
    the product such as tubes, cans, etc. is
    anticipated to restrict the market growth of cap
    applicators over the forecast period.

5
Figure 1. Global Cap Applicators Market, Revenue
Share (), By Region, 2018
6
  • Market Opportunities
  • The growing adoption of caps and closure in the
    pharmaceutical industry for sealing the pharma
    product is expected to accelerate the market
    growth of the cap applicator. Caps and closure
    offer a completely humetic seal and effective
    microbiological seal which helps to prevent the
    contamination of the medical products. Thus, the
    rising demand for cap and closure from the
    pharmaceutical industry will favor market growth
    over the forecast period.
  • Increasing usage of caps and closure systems for
    packaging of personal care cosmetic products is
    expected to foster the market growth of the cap
    applicator. New designed of closure can easily
    attract customer attention due to captivating
    design and also ensure ease of use. Caps and
    closure are widely used to seal the conditioners,
    shampoos, and lotions. Hence, the growing demand
    from the personal care industry is expected to
    propel the market growth of the cap applicator. 

7
Figure 2. Global Cap Applicators Market
Opportunity Analysis
8
  • Market Trends/Key Takeaways
  • The growing demand for cap and closure from the
    chemical industry for packaging of mild or harsh
    chemicals such as solvents, thinner, etc. is
    expected to propel the market growth of cap
    applicator. caps and closure offer leaking of
    hazardous chemicals during transportation and
    hence are gaining huge demand in terms of
    protective measures in order to prevent the
    accident that can cause due to highly volatile
    chemicals.
  • The growing focus of caps and closure
    manufacturer to introduce new and advanced
    closure system is projected to foster the market
    growth of cap applicator over the forecast
    period. For instance, in November 2017, LINDAL
    Group, a provider in aerosol packaging, has
    launched FlipClassic, an insert-less actuator
    with an integrated cap as a compelling
    alternative to more costly twist-lock actuators.
    FlipClassic is a highly cost-efficient and
    ergonomically appealing design ideal for regional
    brands and contract fillers in competitive and
    promising market sectors such as the personal
    care market.

9
Figure 3. Global Cap Applicators Market, Revenue
Share (), By Cap Type, in 2018
10
  • Competitive Section
  • Key players operating in global cap applicator
    market are Tetra Pak, Crown Holdings, Closure
    System International, Krones AG, Tecnocap Group,
    Federal Mfg. Co., E-PAK Machine Type, Inc.,
    Karmelle Liquid Filling Capping Solutions
    Limited, Bosch Packaging Technology, Accutek
    Packaging Equipment Companies, Inc., and IC
    FILLING SYSTEMS Ltd.
  • Few Recent Developments
  • Tetra Pak
  • In February 2015, Crown Holdings Inc. announced
    the acquisition of EMPAQUE, a Mexico-based
    company that manufactures bottle caps and glass
    bottles for the beverage industry

11
Figure 4. Global Cap Applicators Market Value
Chain Analysis
12
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  • Reference https//https//www.coherentmarketinsig
    hts.com/market-insight/cap-applicator-market-3527

13
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
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    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
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14
Contact Us
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  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

15
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