Caps and closures are an important part of packaging of liquid products. They chiefly extend shelf life of contents by restricting the interaction with their surroundings. Crucial part of sealing and packaging involves precise positioning and interlocking of the cap. Cap applicators is an important and integral part of the packaging industry used to accurately position and seal bottles, cartons and other various enclosures. The demand for cap applicators is majorly for packaging of products from the food and beverage industry. However not limited to food and beverage industry, cap applicators are highly sought for applications in pharmaceutical industry such as packaging of syrups, vial and other products. Likewise, cap applicators are also used for the packaging of personal and cosmetic products such as lotions, oil, shampoos and others.
The escalating demand for cap applicators is chiefly fueled by the proliferating food and beverage industry. The increasing demand for customized sizes and geometries of caps or closures for various beverage and pharmaceutical industry is one of the major drivers in the cap applicator market. Flourishing demand for cap applicators from the personal care and cosmetic industry is contributing to the growth of the cap applicator market. Cap applicators with high output volume and capability to handle multiple cap geometries is highly sought by the industry. However capital intensive nature of the equipment and presence of integrated packaging equipment acts as deterrent to the cap applicator market.
The cap applicators market can be segmented on the basis of cap type and application. On the basis of cap type applicators are crown cap, screw cap, friction fit cap and snap on cap.
Cap applicators can be segmented on the basis of application such as cosmetics and personal care, pharmaceuticals, food and beverage, and other consumer products.
The cap applicator market is also segmented on the basis of region. The regions include North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa (MEA). Asia Pacific cap applicator market is anticipated to contribute maximum revenue contribution to the global cap applicator market owing to blooming food and beverage and consumer care industry in the region. In Asia Pacific, India and China are expected to exhibit double digit growth in the cap applicator market in the region. Followed by Asia Pacific, North America and Western Europe are expected to contribute significantly to the cap applicator market. However, the demand from Western Europe is expected to be relatively higher than that of North America, owing to strong presence and growth of beverage and cosmetic industry. North America cap applicator market is anticipated to exhibit modest growth in the demand for cap applicators. Emerging economies in Latin America such as Brazil and Mexico are expected to drive the demand of cap applicator in the region. Likewise, strong demand from food packaging industries in Middle East and Africa are expected to boost the sales of the cap applicator market in the region.
Cap Applicators Market: Market Players
The cap applicators market is highly fragmented however there is high presence of regional manufactures. The major players identified in the cap applicators market are TetraPak, Crown Holdings, Closure system International, Changzhou Huituo Technology Co. Ltd., Guangzhou Guanhe Light Industry Machine Co. Ltd., Bericap Holdings among many others.
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