Showing posts with label Cap Applicators Market. Show all posts
Showing posts with label Cap Applicators Market. Show all posts

Monday, 20 August 2018

Global Cap Applicators Market is Witnessing Growth Due to Emergence of Customized Products

The global car applicators market is anticipated to witness a tough competition among the players, due to high fragmentation with presence of big, medium, and small players all over the world. This practice is obstructed by established players in the market. , In order to expand their global reach, the major firms in the market are indulging in mergers and acquisitions, so that they can set their foot in bigger regions. For an instance, Bosch Packaging Technology took over a well-known industrial firm, Kliklok, in 2015. This is a clear depiction of inclination towards acquisition. Some of the major players in the global cap applicators market are Closure System International, Tetra Pak, Tecnocap Group, Accutek Packaging Equipment Companies, Inc, Federal Mfg. Co., Krones Ag, Karmelle Liquid Filling & Capping Solutions Limited, Crowns Holdings Inc., Bosch Packaging Technology, and E-PAK Machinery, Inc.
According to a recent report by Transparency Market Research (TMR), the global cap applicators market is prognosticated to expand at a steady CAGR of 6.6% within the forecast period from 2016 to 2024. In, 2016, the market was value around worth of US$1,133.8 mn, which is likely to reach around worth of US$1,866.7 mn by the end of forecast period, 2024. On the basis of variety, the automatic cap applicators segment is estimated to lead all other segments in the category, as far as revenue is concerned, in terms of revenue, surpassing the semi-automatic and hand-held types. On the basis of geography, Asia Pacific region is likely to dominate the market undisputedly, with a significant CAGR of 6.6% within the forecast period.
Manufacturers of the products have advanced with immensely customized and newer versions of caps and closures at the time of designing the products. This is a key pattern in the business as it would as well surge the demand for different capping applicators that can be used with changing designs. Owing to this, the market is foreseen to benefit enormously from the newer designs of caps within the manufacturing sector.
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Besides, the inclinations of the customers continue to change which prompts the producers to acquire development, and take into account the requests of the customers. This is estimated to make massive space for the cap applicators market once it begins getting customization demands from producers.
Long Life of Equipment to Hamper Market Growth
There is a surge in the market with respect to the accuracy of refurbished or utilized or restored capping machines that could perform the majority of the task of the new apparatus. This encourage the producers to keep utilizing the old tools with a specific end goal to evade additional cost for new tools. The proclivity to utilize old apparatus holds back the growth of the market, making it difficult for the cap utensil firms in the market. Additionally, an impossible to miss issue looked by these organizations is the good usage-life of the cap applicators. Despite the fact that, it ought to be a positive sign for the business, and stress on the reliability of the market players, the durable equipments keep the share of new ones and hampers market development. In spite of the difficulties, the developments in the packaging sector alongside the presentation of modified capping designs, the market is likely to remain healthy.

Wednesday, 7 March 2018

Cap Applicators Market – Growth in Food and Beverages to Up Market Game

The market for cap applicators is largely characterized by a high level of fragmentation due to the coexistence of sizable players, medium businesses, and small vendors. This differential placement of players within the market is being challenged by the large market players. Mergers and acquisitions have surfaced across the market due to the quest of the large players to capture a greater market share while expanding their geographical reach. An ardent packaging machinery player, Kliklok Woodman was acquired by Bosch Packaging Technology in 2015, which is an example of the growing inclinations towards acquisitioning. The contemporary day players in the global market for cap applicators include Tetra Pak, Closure System International, Tecnocap Group, Federal Mfg. Co., Accutek Packaging Equipment Companies, Inc.Krones Ag, Bosch Packaging Technology, Karmelle Liquid Filling & Capping Solutions Limited, E-PAK Machinery, Inc., and Crowns Holdings Inc.
A recent report by Transparency Market Research (TMR) finds that the global cap applicators market would be valued at US$1,866.7 mn by 2024 growing from US$1,133.8 mn in 2016, thus, registering a CAGR of 6.4% over the forecast period of 2016-2024. The automatic cap applicators are expected to outreach all other varieties of applicators in terms of revenue, beating the hand-held and semi-automatic types. On a geographical outlay, Asia Pacific is expected to be the undisputed leader of the market, and is expected to register a CAGR of 6.6% during the forecast period.
The packaging industry is expected to be assisted by the growth of the food and beverages industry in the coming years. Currently, 55% of the sales of the packaging industry is attained from the supplies to the food and beverage industry, which is anticipated to underhandedly aid the market for cap applicators. Moreover, the invention of rinsing machines, fillers, and capping technologies in the packaging machinery domain is due to a dire need for these equipment in the food industry.
Product manufacturers have evolved newer and highly customized versions of closures and caps while designing their products. This is a key trend in the industry because it would also augment the demand for multiple capping applicators that can affix into the changing designs. The market would, henceforth, benefit hugely from the new designs of caps within the manufacturing industry.
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Moreover, the preferences of the clients keep changing which prompts the manufacturers to bring in innovation, and cater to the demands of the clients. This is expected to create immense room for the cap applicators market once it starts receiving customization requests from manufacturers.
Employing Refurbished Applicators to Inhibit Market Growth
There is an awakening in the market with regards to the efficiency of used or refurbished capping machines that could perform most of the functions of the new machinery. This inclines the manufacturers to continue using the old equipment in order to avoid extra cost for new machinery. The affinity to use old machinery slackens the progress of the market, making it woeful for the cap applicator companies. Moreover, a peculiar problem faced by these companies is the long life of the cap applicators. Although, it should be a positive sign for the industry, and emphasize the credibility of market players, the long lasting equipment prevents the sale of new ones and hampers market growth. Despite the challenges, the innovations within the packaging industry along with the introduction of customized capping designs, the market is expected to remain affluent.

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