During the projected period of 2022 to 2032, the packaging suction cups market is expected to grow at a 6.8% CAGR. Furthermore, the global packaging suction cups market is expected to reach up to US$ 16.22 billion in 2032, up from US$ 8.4 billion in 2022.
Over the years, the packaging suction cups market has embraced automation to boost production, which has been aided by the growing adoption of smart labels and digital printing for packaging. Companies are developing efficient and innovative packaging machines to meet the growing demand for packaging suction cups machinery that can execute all operations, from shaping packaging products to labelling and wrapping.
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What is the Competitive Outlook for the Packaging Suction Cups Market?
Adams Manufacturing Corporation, All-Vac Industries, Inc., ANVER Corporation, Coval Inc., J. Schmalz GmbH, Piab AB, VacMotion Inc., Vi-Cas Manufacturing Company, and William B. Rudow, Inc. are the prominent competitors mentioned in the packaging suction cups market survey.
Recent Developments in the Packaging Suction Cups Market
PIAB (a Swedish-based global manufacturer of gripping, lifting, and moving solutions) will offer piGRIP suction cups in December 2020. Suction cups are available in a variety of diameter ranges to accommodate a wide range of picking applications. Recently, Piab Ab introduced Kenos® KVG series of vacuum grippers with suction cups, specially designed for objects with wet or oily surfaces. In September 2019, Schmalz introduced a new line of packaging suction cups made of ElastoDur material for handling abrasive cardboard boxes and rigid packaged products.
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What are the Growth Propellers for the Packaging Suction Cups Market?
Manufacturers contributing to the worldwide packaging suction cups market remain focused on improving the functionality and suitability of suction cups to all shapes and sizes of packaging products. In order to set their product unique in the market along with boosting sales of packaging suction cups most of the market players are experimenting with innovative materials.
In addition to adopting product-level innovation strategy, manufacturers of packaging suction cups, catering to the packaging industry, are focusing on identifying and leveraging white spaces in application of their products that has also surged the demand for packaging suction cups in the global market.
For instance, as flexible packaging continues to gain momentum in a number of industries, especially the F&B sector, manufacturers are targeted towards developing advanced vacuum cups that align with flexible packaging process. Development of suction cups with FDA approved materials for the packaging industry also remains a key focus area of the packaging suction cups market players.
Packaging Suction Cups Market: Segmentation
By Product:
Flat Bellows By Material:
Polyurethane Nitrile Rubber Polyvinyl Chloride (PVC) Silicone Others By Diameter:
Up To 10 mm 10-30 mm 31-50 mm Above 50 mm By Application:
Canning Bottling Cartoning and Bagging Filling Labeling Tray Making Others By End-Use Industry:
Food & Beverages Personal Care & Cosmetics Pharmaceuticals Electronics & Electricals Logistics & Transportation Others
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Market Benefits
The study provides an in-depth analysis of the global Packaging Suction Cups Market along with the current trends and future estimations to elucidate the imminent investment pockets. The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry. An extensive analysis of the market based on application assists in understanding the trends in the industry. The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.
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