CAP APPLICATOR MARKET ANALYSIS

Cap Applicator MarketSize and Trends

Cap Applicators Market 2017–2027

A cap applicator is closing equipment that is used to seal different types of packages such as bottles and other containers. Different cap applicators are available in the market for different closures with different designs and sizes. They are mainly used to seal bottles filled with dairy or liquid products. The capping equipment can be classified into three categories which include, semi-automatic capping machines, automatic capping machines, and handheld capping machines. Food & beverage, pharmaceuticals, personal care, consumer products, and others (chemical products, automotive fluids) are some of the major end-user of the cap applicator.

The global cap applicators market is projected to reach around US$ 2.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.3% during the forecast period (2019-2027).

Market Trends

The growing demand for cap and closure from the chemical industry for packaging of mild or harsh chemicals such as solvents, thinner, etc. is expected to propel the market growth of cap applicator. caps and closure offer leaking of hazardous chemicals during transportation and hence are gaining huge demand in terms of protective measures in order to prevent the accident that can cause due to highly volatile chemicals.

The growing focus of caps and closure manufacturer to introduce new and advanced closure system is projected to foster the market growth of cap applicator over the forecast period. For instance, in November 2017, LINDAL Group, a provider in aerosol packaging, has launched FlipClassic, an insert-less actuator with an integrated cap as a compelling alternative to more costly twist-lock actuators. FlipClassic is a highly cost-efficient and ergonomically appealing design ideal for regional brands and contract fillers in competitive and promising market sectors such as the personal care market.