Cap Applicator Market growing at CAGR of 6.3% during the forecast period (2019-2027)


Posted January 24, 2022 by neha_s

A cap applicator is closing equipment that is used to seal different types of packages such as bottles and other containers.
 
A cap applicator is closing equipment that is used to seal different types of packages such as bottles and other containers. Different cap applicators are available in the market for different closures with different designs and sizes. They are mainly used to seal bottles filled with dairy or liquid products. The capping equipment can be classified into three categories which include, semi-automatic capping machines, automatic capping machines, and handheld capping machines. Food & beverage, pharmaceuticals, personal care, consumer products, and others (chemical products, automotive fluids) are some of the major end-user of the cap applicator.
The global cap applicators market is projected to reach around US$ 2.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.3% during the forecast period (2019-2027).

Market Opportunities
The growing adoption of caps and closure in the pharmaceutical industry for sealing the pharma product is expected to accelerate the market growth of the cap applicator. Caps and closure offer a completely humetic seal and effective microbiological seal which helps to prevent the contamination of the medical products. Thus, the rising demand for cap and closure from the pharmaceutical industry will favor market growth over the forecast period.

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Competitive Section:
Tetra Pak, Crown Holdings, Closure System International, Krones AG, Tecnocap Group, Federal Mfg. Co., E-PAK Machine Type, Inc., Karmelle Liquid Filling & Capping Solutions Limited, Bosch Packaging Technology, Accutek Packaging Equipment Companies, Inc., and IC FILLING SYSTEMS Ltd.

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Issued By Coherent Market Insights
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Last Updated January 24, 2022