Cap Applicators Market Scope
A cap applicator is a type of closing tool that is used for sealing different packages and are used in various food and beverages industry. There are numerous different cap applicators available in the market for different closures and are of different designs and sizes. Increasing adoption of automation capabilities in capping machines is taking the packaging industry towards a brighter future thereby propelling the cap applicators market.
According to AMA, the Global Cap Applicators market is expected to see growth rate of 6.25%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Cap Applicators market throughout the predicted period.
Krones AG (Germany), Tetra Pak (Switzerland), Crowns Holdings (United States), Closure System International (United States), Bosch Packaging Technology (Germany), Tecnocap Group (Italy), Federal Mfg. Co.(United States) and E-PAK Machinery (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Accutek Packaging Equipment Companies (United States), Karmelle Liquid Filling & Capping Solutions (United Kingdom) and IC Filling Systems (Italy).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Cap Applicators market by Type (Automatic Type and Semi-automatic Type), by Application (Food & Beverage, Pharmaceutical, Personal Care, Consumer Products and Others) and Region with country level break-up.
On the basis of geography, the market of Cap Applicators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In April 2019, announced the launch of its connected packaging platform, which will transform milk and juice cartons into interactive information channels, full-scale data carriers, and digital tools.
In October 2017, Cosmogen introduced Cosmo Plus for airless applicator systems. The development of automatic applicator caps can be an opportunity for key players in the applicator caps market. Recently, West Corporation developed the SelfDose injector for patient convenience, which is automated and designed for correct prescribed dose with video and audio indicators.
- Development in the Packaging Industry and Modifying Cap Applicators
- Ease of Usages of Cap Applicators
- Owing to Technological Advancement in the Food & Packaging Industry
- High Demand for Broad Range Packaged Food Products
- Increasing Number of Osteoarthritis and Injury cases
- Changing Consumers Preferences towards Packaged food and Increasing Disposable Income
- Preference of Refurbished Capping Machine by SMEs May Hamper the Market Growth.
- Long Workable Lifecycle of Cap Applicators Can Affect the Overall Profitability by Resulting In Lower Sales Volumes
Key Target AudienceCar Applicator Manufacturers, Potential Investors, Distributors/Suppliers/Traders, Industry Associations, Government and Regulatory Bodies and Marketing and Consulting firm