Press release
Cap Applicators Market Asia Pacific to Continue Being Dominant Revenue Contributor
The global capping applicators market, similar to its parent industry of packaging machinery, is highly fragmented. However, the market is witnessing the rise of the trend of consolidation as key companies are increasingly following the course of strategic mergers and acquisitions with an aim of expanding their global footprint, observes a recent report by Transparency Market Research.A large number of mergers and acquisitions are taking place across the globe, such as the September 2015 acquisition of Kliklok Woodman, a US based packaging machinery manufacturer by Bosch Packaging Technology.
The global cap applicators market is expected to exhibit a 6.4% CAGR in terms of revenue over the period between 2016 and 2024. As a result, the market is expected to rise from US$1,133.8 mn in 2016 and to US$1,866.7 mn by 2024.
In terms of machine type, automatic capping machines are expected to remain the most lucrative ones, with the segment accounting for over 87% of the global market by 2024.
In terms of geography, the market in Asia Pacific is expected to retain its position as the dominant contributor to the global market’s revenue throughout the forecast period. In 2016, the regional market is expected to account for a share of 34.6% in the global market.
Flourishing Food and Beverages Industry to Drive Demand for Cap Applicators
Obtain Report Details:
https://www.transparencymarketresearch.com/cap-applicators-market.html
The global food and beverages industry has shown an exponential growth over the last few years. The industry accounts for nearly 55% of the packaging industry and thus plays a major role in aiding many changes in the way the packaging industry develops or adopts a new technology.
The food and beverages industry has also been a key driver of the recent technological advancements observed in packaging machinery such as combo-machines of rinsing, liquid fillers, and capping.
Backed with vast growth prospects, which assure of a good run in the near future as well, the food and beverages industry will be a key determinant of the global capping applicators market over the forecast period.
The ongoing trend of product manufacturers to launch new configurations and versions of caps and closures in packaging of their products is also expected to stimulate the demand for new cap applicators capable of accommodating the changes.
While many existing capping machines are able to handle the newly adopted cap and closure designs with only minor amendments, a vast number and variety of older models fail to adhere to the changes and therefore require replacement.
Consistent with the pattern of recent years, the packaging industry will be willing to change according to the shifting preferences of their clients, leading to a significant rise in demand for new capping machineries across the globe.
Rising Demand for Refurbished/Used Capping Machines to Affect Market Negatively
Make Enquiry @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11780
Realization of the fact that used or refurbished capping machines are a plausible alternative to purchasing new machines has shifted the inclination of small scale industry manufacturers and packaging companies towards refurbished or used machines lately. Naturally, this factor is negatively affecting the volume of sales of new capping machines in the global market.
Adding to the concerns of the global cap applicators market is the fact that cap applicator machines have a long workable life cycle. Although this is an added benefit for the end-users of these machines, it also poses a threat for cap applicator machine manufacturers.
The long workable lifecycle of cap applicators can affect the overall profitability by resulting in lower sales volumes. This scenario is expected to significantly hinder the overall growth prospects of the cap applicators market in the long run.
Get TOC @ https://www.transparencymarketresearch.com/report-toc/11780
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cap Applicators Market Asia Pacific to Continue Being Dominant Revenue Contributor here
News-ID: 766332 • Views: …
More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…

North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…

Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…

Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Cap
Curved Bill Baseball Cap
Curved Bill Baseball Cap
A popular go to hat for the active lifestyle. A Cotton Twill based Custom Trucker Hat with a Pre Curved Visor and Classic Snapback. From Mountain Top to Point Break this one goes everywhere.
https://wildhatco.com/hats/curved-mesh-baseball-hat.html
1333 E 8th St
Lincoln, NE 68372
WILD Hat Company (Whc) is an up and coming brand of hats, caps, beanies and merch. The Whc headwear brand was launched in order to reach a portion of…
High-Quality Floating Wheel Cap/LED Floating Wheel Cap Product in South Korea
Boswell Korea Co., Ltd. developed the LED emblem and spinning wheel cap for the first time in Korea.
Great Benefits of Bosswell Korea
✔Car dress-up tuning products
✔LED floating wheel cap patent introduction (Korea, USA, Japan, China),
✔Floating wheel cap patent (September 2020)
✔Janine, Spain, introduces NSV in Dubai, floating wheel cap to the world, Reliability Test Pass Test Report
The floating Wheel Cap is the logo of the car manufacturer that stays upright all…
Global Ingestible Smart Pills Market 2020 Business Strategies – Body-Cap Medic …
The market report titled “Ingestible Smart Pills Market by Component (Smart Pills and Workstation), by Application and by End-Users: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Ingestible Smart Pills Market market. The report willfunction as a medium for the better assessment of the existing and future situations of the…
The Klear Cap
The Klear Cap: the UV Light Cap that Self-Cleans Your Reusable Bottle
All around the world, one million plastic bottles are being sold every minute. 90% of Americans report preferring bottled water due to safety and quality, and this concern has likely become even stronger as the pandemic continues.
Reusable water bottles may be friendly towards the environment, but constantly re-using them also poses a health risk: a study conducted in…
Hats Market Statistics 2017 and Competitive Analysis: Chautuan, TTD, Berman, Cap …
Worldwide Market Reports has announced the addition of the “Asia-Pacific Hats Market Report 2017”, The report classifies the Hats Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the Hats market, analyzes and researches the Hats development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the…
Global Hats Market 2017 - Chautuan, TTD, Berman, Cap BAIRY, Henschel, Headwear, …
In this report, the global Hats market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Request For Sample Report @ https://www.fiormarkets.com/report-detail/65378/request-sample
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Hats in these regions, from 2012 to…