By 2032, the global Cap Liner Market is projected to reach US$ 1,855 Mn
The cap liner market revenue totalled US$ 1.07 Bn for 2021, according to FMI. The overall cap liner market is expected to reach US$ 1.8 Bn by 2032, growing at a CAGR of 5.1% for 2022- 32. The demand for cap liners will accelerate with the top 5 providers holding 35% to 40% of the global cap liners market in 2021.
In the cap liner market, the heat induction cap liner segment by product type is projected to hold approximately 30.5% of the market value share by the end of 2022. The reason behind the same is the high preference for the finest quality cap liner for various products.
The cap liner market is projected to bolster by the increasing demand for prevention from leakage, the product keeps fresh and prevents contamination in packaging. A new forecast by FMI analysis estimates that cap liner market sales will propel during the foreseeable period and is anticipated to create a growth opportunity of US$ 1.1 Bn between 2022 and 2032.
In 2021, the US cap liner market grew by 3.5% year on year, bucking initial skepticism about how the market would perform during a global pandemic. Across the whole of North America, total sales of cap liners reached US$ 273 Mn in 2021.
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Key Companies Profiled
- Selig sealing Inc.
- DuPont Teijin Films
- M.F.I. Capliners
- Bluemay Weston Limited
- B&B Cap Liners LLC
- Pres-On Corporation
- Multipack Labels
- Tekni-Plex Ltd.
Historic Market Outlook for Cap Liner Market
The global cap liner market witnessed a growth rate of 4.6% during 2016-2021 and reached 1,073 Mn in 2021 from US$ 857 Mn in 2016. Over the upcoming decade, global sales are estimated to witness impressive growth and are anticipated to record growth at 5.1% CAGR between 2022 and 2032.
The cap liner assists as a barrier between the cap and the container’s contents, it provides an extra seal for the finished good product. There are three types of products used in cap liners markets such as heat induction cap liners, pressure-sensitive cap liners, and foam liners. The cap liners are made as per the market needs and based on the end-user requirements. Cap liners are used by various end-uses such as food & beverages, pharmaceutical, cosmetics & personal care, home care, chemical & fertilizers, and others.
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What Drives the Demand for Cap Liner Market across the Globe?
With the increasing demand for cap liners for moisture preventive and storage processes, Moreover cap liner help in the decrease of transmission of oxygen between the product content and the external environment. Thus, the reduced oxidation of packed products helps by resulting in increased shelf life and maintains the freshness of the product.
For product type, pressure sensitive cap liner is a foam liner that has an adhesive on only one side and it is useful in glass bottles, metal bottles, and plastic bottles foam liners are basically from polyethylene. It further ensures safety during the transportation of goods to the farthest markets, manufacturers as well as exporters prefer packaging for their products.
Cap Liners Market by Product Type
By Product Type, Cap Liners Market is segmented as:
- Heat Induction Cap Liner
- Pressure Sensitive Cap Liner
- Foam Liners
By Application, Cap Liners Market is segmented as:
By End Use, Cap Liners Market is segmented as:
- Food & Beverages
- Cosmetics & Personal Care
- Chemical & Fertilizers
- Other Consumer Goods
By Region, Cap Liners Market is segmented as:
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa (MEA)
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