As of 2024, the global Cap Liner Market is valued at USD 3.50 billion. With the exponentially expanding packaged food and beverage sector, the market for cap liners is slated to reach an overall value of USD 4.50 billion by the end of 2034. In the said period, from 2024 to 2034, the global industry is very likely to grow at a sluggish CAGR of 2.60%.
Market Analysis for Cap Liners
Attributes | Details |
---|---|
Market Value for 2024 | USD 3.50 billion |
Projected Market Value for 2034 | USD 4.50 billion |
Value-based CAGR of Market for 2024 to 2034 | 2.60% |
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While manufacturers are increasingly opting for plastic liners, heat induction cap liners are getting more preference in the industry over pressure-sensitive cap liners and foam liners.
Plastic cap liners account for 46.10% of the global cap liners market. Despite environmental concerns, manufacturers are preferring plastic materials due to:
Attributes | Details |
---|---|
Material | Plastic |
Market Share (2024) | 46.10% |
Heat induction cap liners make up the majority of the cap liner market based on the type. It holds a 41.50% share of the global market because of the following reasons:
Attributes | Details |
---|---|
Cap Liner Type | Heat Induction Cap Liner |
Market Share (2024) | 41.50% |
Based on these numbers, the market for cap liners is observed to be a lucrative one in the Asian region. This is primarily due to the expanding food and beverage, pharmaceutical, and cosmetic industries in the region. Spain is the only non-Asian country topping the charts in this market.
Countries | CAGR (2024 to 2034) |
---|---|
India | 4.70% |
China | 3.70% |
Thailand | 2.90% |
Spain | 2.50% |
South Korea | 1.90% |
For the forecast period of 2024 to 2034, the Indian cap liner market is projected to expand at a CAGR of 4.70%.
Globalization has changed the face of the Indian consumer packaged goods industry. With the advent of numerous companies and the rise of e-commerce platforms, the Indian middle class soon adopted packaged food, canned beverages, sauces, masalas, pulps, etc. in their day-to-day lives, creating a huge demand for cap liners in the packaging industry.
Besides this, the demand is also increasing in India as it is one of the largest exporters of pickles and canned sauces in the Asian region.
The market is set to progress at a sluggish CAGR of 3.70% for the forecast period of 2024 to 2034 in China.
China is one of the largest exporters of pharmaceutical and nutraceutical products in the world. The export-oriented production of the Chinese pharmaceutical industry generates tremendous demand for cap liners in the country as it is one of the fundamental components in elongating the shelf life of drugs, medications, vaccines, solutions, etc. This has indeed placed China in the driver’s seat for this market.
The Thai market for cap liners is set to grow at a lethargic CAGR of 2.90% for 2024 to 2034.
Thailand's prestige cosmetic and fragrance market has been growing significantly, thanks to the influence of social media and short video platforms.
This expansion has resulted in a humongous demand for cap liners so that manufacturers, especially domestic brands, can transport and distribute skin care products such as moisturizers, lotions, creams, gels, etc. In this limelight, Thailand has a promising future for the cap liner market in the coming decade.
The Spanish market for cap liners is expected to follow an upward trajectory with a weary CAGR of 2.50%.
The Mediterranean countries are known for their dry and mild summers which create a conducive environment for the growth of a broad spectrum of fruits such as oranges, figs, olives, grapes, berries, cherries, etc. This is one of the main reasons why the Spanish food processing industry has been flourishing since the beginning of time.
Fruit jams, pulps, condensers, canned juices, etc. are being produced on a large scale in the manufacturing companies in the country. These industries naturally create huge demand for cap liners to create air-tightness in the containers so that the content is preserved for a longer time.
The market is expected to register a CAGR of 1.90% in South Korea over the period from 2024 to 2034.
South Korea’s growing aging population and shortage of industrial workers have pushed manufacturing companies, especially in the packaging industry, to embrace automated methodologies in factory units.
The use of robotics and automatic machinery has made it easy for companies to implement heat induction cap lining to seal-pack bottled containers and jars, which has naturally created an appreciable clamor for cap liners in the country.
Recognizing the prominence of cap liners in the packaging industry worldwide, many companies entered the market when it was still in its nascent stages. With the expansion of the packaging industry, thanks to the emergence of e-commerce in developing and developed countries, the demand for cap liners, too, saw a noticeable surge.
Some of the prominent players in the global cap liners market are Selig Sealing Inc., Amcor, DuPont Teijin Films, M.F.I. Capliners, Bluemay Weston Limited, B&B Cap Liners LLC, Pres-On Corporation, Multipack Labels, etc. These companies have established themselves on a global level and have a loyal consumer base that stretches across industries.
These companies also are pouring billions of dollars into looking for a more sustainable and eco-friendly way of manufacturing cap liners so that they can cater to the demands of eco-conscious businesses and consumers. Apart from these, these companies are also experimenting with the branding opportunities these cap liners provide by making them interactive and engaging.
Recent Developments
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The cap liner market is expected to be worth USD 3.50 billion by 2024.
The cap liner market is expected to reach USD 4.50 billion by 2034.
The cap liner market is growing at a CAGR of 2.60% from 2024 to 2034.
Selig Sealing Inc., Amcor, DuPont Teijin Films, M.F.I. Capliners, Bluemay Weston Limited, B&B Cap Liners LLC, Pres-On Corporation, Multipack Labels, etc., are some of the major players in the global cap liner market.
The valuation for the global cap liner market in 2023 was USD 3.40 billion.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Heat Induction Cap Liner 5.2. Pressure Sensitive Cap Liner 5.3. Foam Liners 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Bottles 6.2. Jars 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Food & Beverages 7.2. Pharmaceutical 7.3. Cosmetics & Personal Care 7.4. Homecare 7.5. Chemical & Fertilizers 7.6. Other Consumer Goods 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Selig Sealing Inc. 18.2. Amcor 18.3. DuPont Teijin Films 18.4. M.F.I. Capliners 18.5. Bluemay Weston Limited 18.6. B&B Cap Liners LLC 18.7. Pres-On Corporation 18.8. Multipack Labels 18.9. Tekni-Plex Ltd. 18.10. Geraldiscos Ltd. 18.11. Meyer Seals Group 18.12. Lows Cap Seal Sdn Bhd 18.13. Guangzhou Cheers Packing Co., Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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