Cap Liner Market to Reach US$ 1.8 Billion by 2032 with 5.1% CAGR

The cap liner market has been showing steady growth, with the revenue totaling US$1.07 billion in 2021, according to FMI. It is projected to reach US$1.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2032. The demand for cap liners is expected to increase, with the top five providers holding a significant market share of 35% to 40% in 2021.

Among the different types of cap liners, the heat induction cap liner segment is projected to hold approximately 30.5% of the market value share by the end of 2022. This preference is driven by the high demand for high-quality cap liners for various products.

The growth of the cap liner market is fueled by the increasing demand for prevention from leakage, maintaining product freshness, and preventing contamination in packaging. FMI analysis forecasts strong sales growth in the cap liner market, with an estimated growth opportunity of US$1.1 billion between 2022 and 2032.

Despite initial skepticism during the global pandemic, the cap liner market in the US grew by 3.5% year on year in 2021. Across North America, total sales of cap liners reached US$273 million in the same year.

Globally, the cap liner market witnessed a growth rate of 4.6% from 2016 to 2021, reaching US$1.07 billion in 2021 from US$857 million in 2016. Over the next decade, the market is expected to continue its impressive growth, with a projected CAGR of 5.1% between 2022 and 2032.

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Key Takeaways:

• The cap liner market revenue totaled US$1.07 billion in 2021 and is projected to reach US$1.8 billion by 2032.
• The heat induction cap liner segment is expected to hold approximately 30.5% of the market value share by the end of 2022.
• The demand for cap liners is driven by the need for prevention from leakage, product freshness, and contamination prevention in packaging.
• The US cap liner market grew by 3.5% in 2021, reaching total sales of US$273 million.
• Globally, the cap liner market witnessed a growth rate of 4.6% from 2016 to 2021, with further growth expected at a CAGR of 5.1% between 2022 and 2032

Competitive Landscape

The players involved in manufacturing cap liners are trying to focus on expanding their presence, product portfolio, capacity, and resources to meet the growing demand for packaging in various regions. The key players are adopting merger/acquisition and expansion strategies. Some of the latest developments are as follows:

• In November 2021 – Amcor launched a new technology named “IMPRESSION” developed in collaboration with MGJ that allows a brand to modify the closure liners of bottle caps.
• In January 2021 – Selig group announced the acquisition of MGJ, MGJ is a prominent supplier of foam-based liners worldwide. The grouping provides Selig with highly corresponding together capabilities to help its customers more broadly on a global basis.

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Key Players:

• Selig sealing Inc.
• Amcor
• DuPont Teijin Films
• M.F.I. Capliners
• Bluemay Weston Limited
• B&B Cap Liners LLC
• Pres-On Corporation
• Multipack Labels
• Tekni-Plex Ltd.
• Geraldiscos Ltd.
• Meyer Seals Group

UK’s Food and Beverage Industry Drives Cap Liners Market, China’s Chemical Sector Presents Growth Opportunities:

• The UK’s growing food and beverage production is expected to boost the demand for cap liners in the market, as the sector accounts for a significant portion of cap liner usage. The country is projected to hold approximately 6.5% of the global cap liners market value by the end of the forecast period. Cap liner manufacturers can cater to the packaging needs of the food and beverages industry and provide reliable sealing and leakage prevention solutions.
• China’s chemical industry offers growth opportunities for the cap liners market, with the country’s cap liner market expected to grow 1.8 times the current market value during the forecast period. Cap liners are in demand for secure and leak-proof packaging of chemicals, and China’s position as a major global producer and consumer of chemicals drives the need for effective sealing and safety measures in chemical packaging

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