The market for induction sealing machines is projected to be worth US$ 1.2 billion in 2022. By 2032, the market is expected to grow at a CAGR of 6% and reach US$ 2.15 billion in value.
The trend of shifting manufacturing from Europe & North America to the Asia Pacific (APAC) region, especially to India, Bangladesh, Thailand, Malaysia, and China is expected to influence the dynamics of the global induction sealing machines market. Due to their counterfeit protection, tamper evidence, and leak-proof features, induction sealing machines are creating their space in the majority of packaging and converting companies. Overall the global induction sealing machine market is expected to grow at a healthy CAGR, during forecast period.
Growing demand for bottle sealing from pharmaceuticals, personal care & cosmetics and food & beverages sectors to drive the global demand for induction sealing machines market. Induction sealing machines market is highly dominated by small scale manufacturers, whose annual revenues falls within US$ 20- 25 Mn. Europe & North America has large number of manufacturers.
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Induction Sealing Machines: Market Dynamics
Induction sealing machines helps in counterfeit protective packaging for pharmaceuticals, cosmetics and food & beverages. A statistics show that annually approx. one million people die from consumption of counterfeit medicines. Counterfeit protection is also a major problem in cosmetics where counterfeiting can cause loss of brand equity. Induction sealing is very eco-friendly, because it requires less energy and uses less foil & sealant material compared to conductive sealers. Induction liners in cap sealing acts as hermetic seals, which will not allow oxygen, dust, moisture and other foreign material into the bottles. So, the product shelf-life can be extended up to 10 to 12 weeks.
Induction sealers get heated as soon as power on, no wastage of time in heating & cooling. The high speed sealing and less changeover times, no touching or handling will increase packaging productivity. Induction sealing also helps in leak prevention, because they use air tight sealing, which can withstand high pressures. These aforementioned features make induction sealing machines, top choice of packaging manufacturers and converters. Rising intolerance towards plastic is expected to hamper the growth of induction sealing machines market. Overall the market is expected to grow at a healthy CAGR over forecast period.
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Induction Sealing Machines: Market Segmentation
The global induction sealing machines market is segmented on the basis of technology, throughput and end-use. On the basis of technology, the global induction sealing machines market is segmented into manual, semiautomatic and automatic. On the basis of end use, the global induction sealing machines market is segmented into pharmaceuticals, food & beverages, cosmetics & personal care, home care & toiletries, sealants & adhesives and others. Food & beverages and pharmaceuticals together is expected to dominate the overall global induction sealing machines market. Cosmetics is expected to grow at a highest growth during the forecast period.
Induction Sealing Machines Market: Regional outlook
Induction sealing machines market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Induction sealing machines market in APEJ is expected to dominate the overall global market. This is due to dominating concentration of global middle class population and their rising demand for food & beverages, pharmaceuticals and cosmetics & personal care products.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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 in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Induction Sealing Machines Market
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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