The global tamper proof packaging market is poised to witness significant growth, with an anticipated Compound Annual Growth Rate (CAGR) ranging from 7% to 8% during the forecast period from 2021 to 2031. The heightened demand for tamper-evident packaging across diverse end-use sectors, including food & beverages, pharmaceuticals, and the cosmetics & personal care industry, coupled with the increasing disposable incomes of consumers worldwide, is propelling the market’s expansion.
The surge in incidents involving counterfeit products, particularly in emerging nations, has spurred a heightened demand for packaging solutions that are not only tamper-proof but also intelligent. This has led to the adoption of intelligent tamper-proof packaging, serving as a reliable indicator of the authenticity and genuineness of the product enclosed within the packaging.
Get an Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/REP-GB-14072
Market Driving Factors
The global tamper-proof packaging market is experiencing substantial growth driven by a shift in preferences towards flexible packaging solutions, offering advantages such as lower storage costs, reduced material usage, and lower transportation expenses. Rising concerns related to safety are positively influencing market growth worldwide, with a particular boost from the expanding food and beverage industries across the globe during the forecast period.
However, stringent regulations, particularly in the pharmaceutical industry, mandating testing of tamper-evident packaging and adherence to established guidelines, are anticipated to impede market growth in the forecast period.
The increasing trend of ready-to-eat and packaged food consumption, driven by changing lifestyles and higher disposable incomes, is a significant factor contributing to market growth. The rising demand for ready-to-eat meals, packaged foods, frozen foods, and instant food products is expected to propel the market for intelligent tamper-proof packaging. As supermarkets, hypermarkets, and utility stores redefine the food and beverage shopping landscape, there is a growing need for intelligent tamper-proof packaging. This type of packaging enhances the shelf life of products by preserving their freshness and nutritional value throughout the supply chain.
Key Takeaways
- Product Dominance:
- Heat induction cap liners hold a significant share, approximately 30.5% by the end of 2022, driven by the market’s preference for high-quality liners across various products.
- Market Growth Drivers:
- Increasing demand for leak prevention, maintaining product freshness, and preventing contamination is fueling the growth of the cap liner market.
- Sales Projection:
- Forecasts by FMI analysis anticipate substantial sales growth in the cap liner market, creating a growth opportunity estimated at US$ 1.1 Billion between 2022 and 2032.
- Regional Performance:
- In 2021, the US cap liner market witnessed a notable growth of 3.5% year on year, reaching total sales of US$ 273 million. North America continues to be a significant market for cap liners.
- Significance of Cap Liners:
- Cap liners play a crucial role in minimizing the transmission of oxygen, reducing oxidation, and extending the shelf life of packaged products, ensuring sustained freshness.
Key Manufacturers and Suppliers
Some of the leading manufacturers and suppliers of tamper proof packaging
- AEP Industries Inc.
- Graham Packaging Company
- Amcor Limited
- American Packaging Corporation
- BALL CORPORATION
- Bemis Company Inc.
- CONTROLTEK
- COM
- PolyOne
- ProAmpac
- PRINTPACK
- Sealed Air
- and Winpak Ltd.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14072
Market Segmentation
Based on the Product Type:
- Shrink sleeves
- Induction seal
- Film wrappers
- Blister or strip packs
- Bubble packs
- Others (Pouches, bottle mouth inner seals, tape seals)
Based on the End Use:
- Pharmaceutical
- Food and beverages
- Cosmetics
- others
Based on the Material Type:
- plastics
- glass
- paper lids
- metal
- others
By Region:
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Russia
- Rest of Europe
- South Asia
- India
- ASEAN
- Australia & New Zealand
- East Asia
- China
- Japan
- South Korea
- Middle East and Africa
- GCC Countries
- Turkey
- S. Africa
- Northern Africa
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
