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...

Cap Applicators Market 2017-2027
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).

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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 country's total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth.

The booming packaging industry, especially across developing countries, is projected to augment the market growth of the cap applicator over the forecast timeframe. According to the Coherent Market Insights analysis, plastics caps & closures accounted for 74% of the global packaging industry sales which is projected to be the fastest-growing packaging material due to the manufacturer's preference in ease of processing and consumer preference for safety and convenience. Hence, the growing packaging industry is expected to foster the market growth of the cap applicator.

On basis of the region, Asia Pacific region has dominated the global cap applicators market in 2018, accounting for 34.8% share in terms of value, followed by Europe and North America respectively.

Cap Applicator | Coherent Market Insights

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.

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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.

Cap Applicator | Coherent Market Insights

Market Trends

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.

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