The packaging suction cups market is likely to register a CAGR of 6.8% during the forecast period of 2022 to 2032. And the global packaging suction cups market share is anticipated to reach a value of up to US$ 16.22 Billion in 2032, from US$ 8.4 Billion in 2022.
As smart labels and digital printing for packaging have grown in popularity, the market for packaging suction cups has been adopting automation to boost efficiency.
the packaging suction cups market is a growing industry that provides a range of solutions for handling and moving products during the packaging process. With the increasing demand for automation and efficient handling of products, the market is expected to continue to grow in the coming years.
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Companies are working to create effective and cutting-edge packing technology in response to the demand for equipment that can do all tasks, from labelling and wrapping to shaping packaging items.
Packaging Suction Cups Market Overview
This Packaging Suction Cups market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Packaging Suction Cups market.
Over the years, packaging industry has been embracing automation to increase productivity, propelled further by rising popularity of smart labels and digital printing for packaging. As demand for packaging machinery that performs all functions, from forming packaging products to labelling and wrapping, companies are engaging in the development of efficient and advanced packaging machines. These machines are further aimed at reducing human intervention and delivering error-free output in seconds.
With greater emphasis on minimizing human intervention in the packing industry, vacuum cups or suction cups for packaging have been creating a buzz in the market. Suction cups for packaging enables easy handling of bags & boxes and complex-shaped products reliably in an automated process, regardless of packaging materials, goods, and fill level. Growing adoption of automated process in packaging is expected to significantly contribute to the demand for suction cups for packaging machines. Often used as grippers in automated handling applications, suction cups are finding increasing applications in food & beverage and pharmaceutical packaging.
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Packaging Suction Cups Market: Important Growth Factors
Manufacturers of packaging suction cups 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 apart from the competition. 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.
In addition to adopting product-level innovation strategy, manufacturers of suction cups, catering to the packaging industry, are focusing on identifying and leveraging white spaces in application of their products. 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 market players.
Global Packaging Suction Cups Market: Geographical Outlook
Demand for suction cups for packaging is weighing on a same scale as growing sales of packaging machinery. Rapid automation of packaging machinery will remain key growth influencer of the packaging suction cups market. North America and Europe’s suction cups markets, catering to packaging industry, remain at the forefront, attributing to strong presence of market players, greater access to advanced technology, and growing rate of automation in the industry. Growth prospects of the packaging suction cups market are expected to remain high in the developed countries such as the United States, Germany, France, Italy, and Australia.
High growth opportunities are also expected in East Asia countries, especially China, owing to growing automation in packaging and manufacturing sectors. Ever-rising demand for FMCGs and pharmaceuticals in the region is projected to work to the advantage of the market players.
Packaging Suction Cups Market: Key Players
Some of the key players operating in the global packaging suction cups market are as follows:
- Adams Manufacturing Corporation
- All-Vac Industries, Inc.
- ANVER Corporation
- Coval Inc.
- J. Schmalz GmbH
- Piab AB
- VacMotion Inc.
- Vi-Cas Manufacturing Company
- William B. Rudow, Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on packaging suction cups market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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Packaging Suction Cups Market: Segmentation
The packaging suction cups market has been segmented by product, material, diameter of cups, application, and end-use industry.
On the basis of product, the packaging suction cups market has been segmented into:
- Flat
- Bellows
On the basis of material, the packaging suction cups market has been segmented into:
- Polyurethane
- Nitrile Rubber
- Polyvinyl Chloride (PVC)
- Silicone
- Others
On the basis of diameter, the packaging suction cups market has been segmented into:
- Up To 10 mm
- 10-30 mm
- 31-50 mm
- Above 50 mm
On the basis of application, the packaging suction cups market has been segmented into:
- Canning
- Bottling
- Cartoning and Bagging
- Filling
- Labeling
- Tray Making
- Others
On the basis of end-use industry, the packaging suction cups market has been segmented into:
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Electronics & Electricals
- Logistics & Transportation
- Others
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