The heat induction cap liners market is projected to achieve a value of US$ 1,020 million by 2030, with a growth rate of 5.5%.
The heat induction cap liners market is under scrutiny in seven distinct regions, namely North America, Europe, South Asia, East Asia, Latin America, Middle East & Africa, and Oceania. A noticeable trend in these regions over the past three years has been the gradual shift from pressure-sensitive cap liners and foam liners to heat induction cap liners.
According to the analysis by FMI, North America is poised to maintain its leading position in the global heat induction cap liners market for the next decade. It is expected to command nearly 25% of the global market share due to the significant presence of key industry players and advanced technologies in the region.
Europe ranks second, with a forecasted incremental opportunity valued at US$ 72 million during the projection period. The growing demand for on-the-go food among European consumers presents substantial growth prospects for heat induction cap liner manufacturers.
East Asia and South Asia are anticipated to experience consistent growth during the forecast period, with projected compound annual growth rates of approximately 7.8% and 7.3%, respectively. The rising demand for heat induction seals in pharmaceutical, food, and beverage industries is expected to drive growth in these regions, particularly in countries like China, Japan, and India, where expanding verticals are likely to generate a demand for heat induction cap liners.
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Some of the key takeaways from the report are:
- The heat induction cap liners market is poised to surge at above 5.5% CAGR between 2022 and 2030
- Among materials used, plastic will account for more than half of the market. Paper however will constitute the fastest growing segment
- While demand in pharmaceutical packaging is forecast to surge, the food segment will continue leading the market through the forecast period
- Macroeconomic factors rising willingness to spend and focus on environmental impacts will augur well for the market
- North America is likely to remain a key market through the course of the forecast period
Some of the leading companies are dedicating their resources towards product development to gain competitive advantage. FMI’s report includes profiles of some of the most prominent names in the market including
- Tekni-plex, Inc.,
- Selig Group,
- Bluemay Weston Limited,
- B&B Cap Liners LLC,
- Pres-On Corporation,
- Low’s Capseal Sdn Bhd,
- Well-Pack, industries Co., Ltd.,
- Tien Lik Cap Seal Sdn. Bhd,
- Captel International Pvt Ltd., and
- others.
Advantages of Heat Induction Cap Liners
The widespread adoption of heat induction cap liners can be attributed to the numerous advantages they offer:
Airtight and Leak-Proof Seal
Heat induction cap liners provide an airtight and leak-proof seal, ensuring that the contents of the container remain intact and uncontaminated.
Tamper-Evidence
These liners offer tamper-evidence, assuring consumers of the product’s authenticity and safety.
Extended Shelf Life
By preventing air and moisture from entering the container, heat induction cap liners extend the shelf life of perishable products.
Eco-Friendly Packaging
Many heat induction cap liners are made from recyclable materials, contributing to eco-friendly packaging practices.
Cost-Effective
The efficiency of heat induction cap liners reduces the need for excessive packaging, leading to cost savings for businesses.
“Rising ecommerce penetration will aid the expansion of the market. The volume of order places online is rising at a staggering pace. Therefore the demand for convenient, flexible, and sustainable packaging is rising. Spurred by the rising focus on online delivery, heat induction cap liners have emerged as an important component to ensure leakage and tamper-proof packaging so that the product within bottles or jars are not damaged during transit,” said a lead analyst at FMI.
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Key Segments Covered in Heat Induction Cap Liners Industry Research
Heat Induction Cap Liners Market by Material:
- Rubber
- Metal (foil)
- Plastic
- Paper
Heat Induction Cap Liners Market by Application:
- Bottles
- Jars
Heat Induction Cap Liners Market by End-user:
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Homecare
- Chemicals & Fertilizers
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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