The global Automatic Capping Machine Market is expected to be valued at USD 3,881.5 million in 2023. Advancement of new technologies in the packaging and filling machines market, changing consumer lifestyles, in filling & capping equipment are some aspects that are anticipated to propel the market throughout the forecast period.
The demand for automatic capping machines is projected to record a CAGR of 3.7% between 2023 and 2033, totaling around USD 5,581.9 million by 2033.
The automatic capping machine is manufactured with high-quality raw materials and by using advanced technology. The automatic capping machine is durable and flexible and works with different types of containers and caps. The automatic capping machine provides stable finish standards, rust-proof, and flawlessly finished packaging. The automatic capping machine has a wide range of applications in several industries.
The automatic capping machine is used in plastic and metal threaded caps, plastic snap caps, and also used in some types of plugs and corks. The automatic capping machine caps are used for packaging different varieties of bottles, including Glass and plastic bottles. Moreover, the global automatic capping machine is used in packaging a variety of caps such as Ropp, screws, crowns, corks, and Snap-On caps.
The automatic capping machine saves the time of manufacturers capping the bottles of the product. The automatic capping machine has dual servo-driven system control for bottle capping functions to ensure that caps are properly tightened so that the product meets perfection when it is sent to the market for sales
Attribute | Details |
---|---|
Global Automatic Capping Machine Market Valuation in 2022 | USD 3,750.2 million |
Estimated Global Market Share in 2023 | USD 3,881.5 million |
Forecasted Global Market Size by 2033 | USD 5,581.9 million |
Projected Global Market Growth Rate from 2023 to 2033 | 3.7% CAGR |
Historical Market Growth Rate from 2018 to 2022 | 3% |
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The global demand for automatic capping machines is projected to increase at a CAGR of 3.7%, whereas, from 2018 to 2022, sales witnessed significant growth, registering a CAGR of 3%.
During the forecast period, the market captured a total of USD 3,750.2 million in 2022, according to a report from Future Market Insights (FMI).
Over the years, the pharmaceutical industry has transformed impressively by incorporating ground-breaking technologies in packing. In addition, the adoption of automatic capping machines by global manufacturers has helped them in minimizing the capping cost and resources. However, several factors, such as the dearth of raw materials and high initial cost, have impacted the market adversely.
The changing lifestyle of the masses, combined with a growing middle-class population and its increasing expenditure on food & beverage items and soaring consumption in households, is projected to fuel the market growth of automatic capping machines over the forecast period.
Increasing Urbanization & Development in Food & Beverage Industry to Act as Key Drivers
The global automatic capping machine market is mainly driven by a rise in the food and beverage industry. An increase in demand for packaged foods leads to rising in the automatic capping machine market. Automatic machine capping has a wide range of applications in many industries, further leading to the growth of the market.
The manufacturers of different industries use automatic capping machines, which helps in reducing the time of packaging capping for the products leading to a growth of the automatic capping machine market. Moreover, a rise in disposable income, a rapid rate of urbanization, and the adoption of different cultures lead to rising in the automatic capping machine market.
Developing regions such as Asia-Pacific have a significant opportunity in the expected year owing to changes in the food and beverage industries and the pharmaceutical industry.
High Cost of Installation May Hamper the Market Expansion
Capping is a usually difficult aspect in liquid packaging lines due to several reasons, including a range of sizes of caps and bottles; therefore, automatic capping machine components become expensive in the specific type of capping machines which increases the capital cost of machinery, leading to restraining the growth of automatic capping machine. Owing to the rise in the capital cost of machinery, manufacturers prefer less automatic capping machines.
Adoption of Advanced Technologies & Significant Investments in Research and Development to Mushroom the Revenue Collection
In terms of geographic divisions, North America held the second-leading share, accounting for 26% share in the Automatic Capping Machine in 2021. According to Future Market Insights analysis, the region is estimated to witness significant growth over the forecast period. This market growth is attributed to the upward trend of packaged food & beverage, backed by the fast-moving lifestyle in the region.
The food & beverages industry has surfaced as a high-growth commerce, especially in the food processing segment in North America over the recent years owing to its considerable potential for value addition. The growing inclination of consumers toward adopting healthy food habits is anticipated to fuel the demand for food & beverages, which, in turn, may boost the demand for automatic capping machines throughout the forecast period.
Besides, the increasing shift in pharmaceutical packaging has bolstered the demand for cost-efficient materials for bottle capping. Prominent manufacturers are making huge investments in the development of environmentally friendly caps and increasing the efficiency of manufacturing units. These factors are likely to have a positive impact on the automatic capping machine market.
Germany is likely to Capture a Substantial Share in the Regional Market Growth.
Based on Future Market Insight's recent analysis, Europe is the leading region in revenue share, accounting for a 30% share of the Automatic Capping Machine market. European nations are anticipated to hold vital opportunities owing to technological advancements and the introduction of encouraging Food & Beverage policies by several governments.
Germany & France were the early adopters of automatic capping machines and are huge shareholders in regional revenue generation. According to the recently published report by UN Environment Programme (UNEP), the production capacity of the European chemical industry has nearly doubled within the last two decades. The increasing production capacity and introduction of recent upgrades are likely to fuel market sales in the coming years.
In August 2022, The Berchtesgadener Land Dairy partnered with Krones Ag to supply vital parts. The company invested in a new returnable-glass line for milk and cream.
Regional Market Comparison | Global Market Share in Percentage |
---|---|
United States | 19.6% |
Germany | 4.1% |
Japan | 5.5% |
Australia | 0.7% |
Increasing Consumption of Packaged Food Items to Foster the Regional Market
According to Future Market Insights, the Asia Pacific region captures a significant chunk of the Automatic Capping Machines market and is estimated to experience moderate growth over the coming years. Owing to the increasing adoption of Western culture and the presence of key manufacturers, the demand for crown caps & corks in the region.
Besides, emerging economies like China & India are the leading contributors in the regional revenue collection. These countries have the highest proportion of population growth with an increasing working population, leading to the soaring consumption of packaged food and other personal care goods.
Over the years, the region has witnessed a tremendous shift in the pharmaceutical and beverages packaging industry, which has opened a plethora of growth prospects for capping machine manufacturers.
Regional Markets | CAGR (2023 to 2033) |
---|---|
United Kingdom | 3.1% |
China | 4.4% |
India | 4.8% |
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The global automatic capping machine market is bifurcated into several categories, such as material types, cap types, end-use types, and regions. Based on end-use types, the Food & Beverage industry is estimated to witness a significant gain in the near future, backed by the upward trend of packaged food & beverages.
The increasing ratio of young consumers with high spending ability and preferences for healthy beverages, dairy-free beverages, hybrid beverages, sugar-free beverages, etc., are anticipated to propel the market growth during the forecast period.
Food & beverage filling and capping machines help to achieve waste elimination and minimize overfilling of beverages during packaging while improving profitability. Additionally, these machines are also highly efficient and user-friendly. This, in turn, is projected to fuel the demand for these types of machinery over the forthcoming years.
Category | By Cap Type |
---|---|
Top Segment | Automatic Screw |
Market Share in Percentage | 34% |
Category | By End Use |
---|---|
Top Segment | Pharmaceuticals |
Market Share in Percentage | 37.5% |
Attribute | Details |
---|---|
Growth Rate | CAGR of 3.7% from 2023 to 2033 |
Market Value in 2023 | USD 3,881.5 million |
Market Value in 2033 | USD 5,581.9 million |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Material, Cap Type, End Use, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East and Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Busch Machinery, Inc.; Meena Pharma Equipments; APACS; E-PAK Machinery, Inc.; Crown Holdings Inc.; Krones AG; Closure System International; Tecnocap Group; Federal Mfg. Co.; Karmelle Liquid Filling & Capping Solutions Limited; Accutek Packaging Equipment Companies, Inc.; Kulp Makine; AVS Pack-Tech; VeerKrupa Engineering |
The market is estimated to secure a valuation of USD 3,881.5 million in 2023.
The market is estimated to reach USD 5,581.9 million by 2033.
Food and beverages sector holds high revenue potential.
The United States, Japan, and China dominate the global market.
The market is forecast to register a CAGR of 3.7% through 2033.
Market Value for 2024 | USD 3.50 billion |
---|---|
Market Value for 2034 | USD 4.50 billion |
Value-based CAGR (2024 to 2034) | 2.60% |
Market Estimated Size (2023E) | USD 2.1 billion |
---|---|
Projected Market Valuation (2033F) | USD 3.0 billion |
Value-based CAGR (2023 to 2033) | 3.7% |
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