Global Heat Induction Cap Liner Market is Expected to Generate USD 862.4 Million by 2034: Future Market Insights, Inc.

The global heat induction cap liner market value is expected to rise from USD 664.1 million in 2024 to USD 862.4 million by 2034. This estimated growth is expected to be driven by a CAGR of 2.6% in the heat induction cap liner industry over the next decade.

Consumption of bottles is rising due to the growing global demand for bottled water. Bottle packaging format has necessitated the demand for heat induction cap liners to guarantee product integrity and purity, and prevent any leakages.

Heat induction cap liners are being used in different bottles composed of various plastic materials like PET, PP, HDPE, and PVC, etc. The product is used in multiple end use industries like pharmaceuticals, food and beverages, etc., which is increasing the market's value.

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Pharmaceutical companies adhere to tamper-resistant packaging guidelines dispensed for certain over-the-counter drug products. This is increasing the use of heat induction cap liners.

Existing players in the market are expanding their operations to meet the surging demand generated via heightened demand for bottled water and food and beverages. Recent trends in the market include rising investments in research and development activities by leading players to increase efficiency and reduce overall costs.

Key Takeaways from the Heat Induction Cap Liner Market Report

• The heat induction cap liner market grew at a CAGR of 2% from 2018 to 2023. The market value increased from USD 589.7 million in 2018 to USD 651.1 million in 2023.
• Based on application, the bottles segment is projected to acquire a value share of 51.3% in 2024.
• By end use, the food segment is expected to obtain a market share of 23.8% in 2024.
• In North America, the United States is a key market for heat induction cap liners. The United States market is anticipated to register a CAGR of 1.7% through 2034.
• In Europe, Spain is projected to expand at a CAGR of 2.5% from 2024 to 2034.
• India is expected to record a CAGR of 4.7% through 2034, whereas China is projected to record a CAGR of 3.7% during the same time.

Competitive Landscape

Companies are developing new and refined liners that are compatible with different packaging materials. By doing so, they can meet the demands of varying consumer preferences and industries. Industry participants are exploring new opportunities in high-growth regions like Asia Pacific and Latin America, where demand for packaged goods is rapidly increasing.

In addition to this, players are expanding their application base, by going beyond the traditional food and beverage sector like cosmetics, pharmaceuticals, and chemicals.

Key players are further strengthening their market positions by pursuing mergers and acquisitions and developing strategic partnerships with other players. This strategy is quite effective in increasing product portfolios, gaining a competitive edge, and attaining new customer segments. Market participants are also focusing on sustainable practices as environmental concerns gain prominence.

Key Players

• Tekni-plex, Inc.
• Selig Group
• Bluemay Weston Limited
• B&B Cap Liners LLC
• Pres-On Corporation
• Low's Capseal Sdn Bhd
• Well-Pack Industries Co, Ltd.
• Tien Lik Cap Seal Sdn Bhd
• Captel International Pvt Ltd.
• Others

Latest Developments Taken Place in Heat Induction Cap Liner Market

• In January 2024, TekniPlex Consumer Products developed a series of paper-based, recyclable induction heat seal liners called ProTecSeals Recyclable IHS Liners. These are designed to seal dry nutrition, pharma, and food products in jars and bottles with similar protective properties as conventional solutions. They are said to resist leaks, prevent contamination, provide oxygen and moisture barrier properties, and prolong shelf life.
• In November 2021, Amcor introduced IMPRESSIONS, which is a technology that is created in collaboration with MGJ, that facilitates brands to customize closure liners like underside of bottle caps. Additionally, brands are able to print anything like colorful logos and QR codes for direct and digital engagement with customers with the help of CMYK color printing technology.

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Heat Induction Cap Liner Market by Category

By Material:

• Rubber
• Metal (foil)
• Plastic
• Paper

Based on Application:

• Bottles
• Jars

By End-user:

• Food and Beverages
• Pharmaceuticals
• Cosmetics and Personal Care
• Homecare
• Chemicals and Fertilizers

By Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Have a Look at Related Research Reports on the Packaging Domain:

Shrink Sleeve Labels Market - https://www.futuremarketinsights.com/reports/shrink-sleeve-labels-market

Envelope Market - https://www.futuremarketinsights.com/reports/envelope-market

Hybrid Paint Cans Market - https://www.futuremarketinsights.com/reports/hybrid-paint-cans-market

Resealable Packaging Bags Market - https://www.futuremarketinsights.com/reports/resealable-packaging-bags-market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.