The global sales of foam cap liners are estimated to be worth USD 3.3 billion in 2021 and are anticipated to reach a value of USD 5.7 billion by 2031. Sales are projected to rise at a CAGR of 5.7% over the forecast period between 2021 and 2031. The revenue generated by foam cap liners in 2020 was USD 3.1 billion.
The growth in the demand of the foam cap liners market is triggered by increasing demands for better protection of the products and convenience to users. It is thus seen that the trend towards high-benefit packaging solutions has helped augment the use of foam cap liners within the sector of food and beverages, since these provide quality sealing and are effective against moisture.
Fresh product issues and contamination problems trigger the urge for manufacturers to invest in technological advancements of the foam liners. The market dynamics have been ever-changing, especially with the advent of new, improved types of foam materials that are much more cushioning and, not to say, eco-friendly.
Further, e-commerce is fettered by increased demand for effective packing, and consequently, there is greater demand for cap liners. As sustainability has become the epicentre, so the transition to eco-friendly types of foam material is very likely to affect the course of the market in the future.
Global Foam Cap Liners Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 3.1 billion |
| Estimated Size, 2021 | USD 3.3 billion |
| Projected Size, 2031 | USD 5.7 billion |
| Value-based CAGR (2021 to 2031) | 5.7% |
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Growing demand of new foam cap liners for prevention of leakage, prevent oxidation of product, increase half-life of product, tamper evident liners drive this market. Moreover, launch of innovative product and technological advancements in cap liners for foam will fuel the growth of this market.
Foam cap liners has gaining attention over past few years due to high promotion of contactless cap liners and child resistance closures. Contactless multi dose delivery cap is an extraordinary innovative packaging material, for the packaging industry.
It offers a total protected, simple arrangement for administration, and gives favourable results in good clinical practices, and in this manner its utilization is high for liquids. This act as major driver.
The USA remains one of the largest markets for foam cap liners globally. USA will hold significant markets share throughout the course of the forecast period. Due to acceptance of innovative and user-friendly cap liners by American population so leading manufacture develop more innovative liners.
For instance, in 2020 mold closures are made from High Density Polyethylene, a recyclable plastic resin known for its exceptional moisture and vapour barrier properties (MVTR) and stiffness. These containers are in liner size of 33 and 36 mm, for liquid.
Demand for foam cap liners will be increasing in USA and Canada due to the consumer is looking for product which is easy to access, easy to use, fulfil the demand and need, easy to get foam. These factors create huge opportunities for the manufacturer to develop the consumer-friendly foam cap liners. Acceptance of this cap are some other factors fueling the market growth in the country.
Principal Consultant
Foam cap liners demand has gained traction in European countries in recent years due to adaption of aseptic environment and hygiene in healthcare facilities. The company in Europe are consistently focuses on product development.
As the majority of the company’s revenue is generated from caps liners, the company has been introducing new caps liners in the market to sustain its profitability.
For Instances, In April 2020, MENSHEN is collaborated with interpack for the indispensable event for the food, pharmaceutical, cosmetics and non-food sectors such as cleaning agents or the chemical industry for packaging material.
Some of the leading manufacturers and suppliers of foam cap liners include
Many leading manufacturers and service providers have strategic acquisition to for strengthen their position for sales. In September 2020, Bericap latest expansions were the start of a production facility in Malaysia to grow their sales.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Foam Cap Liners Market
