Cap Applicator Market Analysis

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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

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• 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.

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• 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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Figure 1. Global Cap Applicators Market, Revenue
Share (), By Region, 2018
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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. 

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Figure 2. Global Cap Applicators Market
Opportunity Analysis
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• 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.

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Figure 3. Global Cap Applicators Market, Revenue
Share (), By Cap Type, in 2018
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• 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

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Figure 4. Global Cap Applicators Market Value
Chain Analysis
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