Sales of heat induction cap liners in Thailand are rising at a CAGR of 2.9% through 2034. Driven by the need for accessible and tamper-evident packaging in the pharmaceutical industry, these liners are also gaining traction due to increasing demand for easy-to-use packaging for consumers with limited dexterity or strength.

NEWARK, DE / ACCESSWIRE / July 22, 2024 / The global heat induction cap liner market value is expected to rise from USD 664.1 million in 2024 to USD 862.4 million by 2034. This estimated growth is expected to be driven by a CAGR of 2.6% in the heat induction cap liner industry over the next decade.

Consumption of bottles is rising due to the growing global demand for bottled water. Bottle packaging format has necessitated the demand for heat induction cap liners to guarantee product integrity and purity, and prevent any leakages.

Heat induction cap liners are being used in different bottles composed of various plastic materials like PET, PP, HDPE, and PVC, etc. The product is used in multiple end use industries like pharmaceuticals, food and beverages, etc., which is increasing the market's value.

Pharmaceutical companies adhere to tamper-resistant packaging guidelines dispensed for certain over-the-counter drug products. This is increasing the use of heat induction cap liners.

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Existing players in the market are expanding their operations to meet the surging demand generated via heightened demand for bottled water and food and beverages. Recent trends in the market include rising investments in research and development activities by leading players to increase efficiency and reduce overall costs.

"Key players are projected to find opportunities in developing countries where demand for packaged goods is increasing at a drastic rate. Additionally, players are focusing on constant innovations to stay relevant among end users," says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

What's new with Heat Induction Cap Liners Market?

"Lift n Peel - a New Trend in Heat Induction Cap Liners Market"

As per FMI survey based on cap liners and sealing approaches, consumers are more likely to opt for easy to open lift-up tab packages and Lift ‘n' Peel foil induction cap liners are the preferred choice for sealing various containers such as bottles and jars to prevent leakage. The heat induction cap liners market is gaining traction, as use of these hermetically sealed cap liners help to maintain product integrity and avoid spills.

This breakthrough sealing solution adds value to the sealing solutions and differentiates them from the other types of cap liners. End users are providing these cap liners to gain consumers' trust and establish their brand image. Further, these types of cap liners eliminate oxygen's contact with the product, thus rendering protection to the freshness of the packaged product.

What's with Innovations?

"Innovations Leading to Significant Sales of Heat Induction Cap Liners"

Technology plays a vital role in the manufacturing of cap liners as it ensures quality and precision in the manufacturing process. These days, many cap liners' manufacturers are investing more in robotics technology, which helps in reducing the risk of error and also ensure the quality of product supplied to its customers.

Further, to compete in the coming years with the other players, being technology-oriented helps the manufacturers reduce the cost of the product and provide better products within less time.

Moreover, companies such as Tekni-Plex, Inc. emphasize on product development with the help of advanced technology and research & development. For instance,

• In October 2019, Geraldiscos, which is part of Tekni-Plex's Tri-Seal business, was honored with a gold Brazilian Packaging Association (ABRE) award in the technology category for its induction seal liner featuring a venting system.

Key Takeaways from the Heat Induction Cap Liner Market Report

• The heat induction cap liner market grew at a CAGR of 2% from 2018 to 2023. The market value increased from USD 589.7 million in 2018 to USD 651.1 million in 2023.

• Based on application, the bottles segment is projected to acquire a value share of 51.3% in 2024.

• By end use, the food segment is expected to obtain a market share of 23.8% in 2024.

• In North America, the United States is a key market for heat induction cap liners. The United States market is anticipated to register a CAGR of 1.7% through 2034.

• In Europe, Spain is projected to expand at a CAGR of 2.5% from 2024 to 2034.

• India is expected to record a CAGR of 4.7% through 2034, whereas China is projected to record a CAGR of 3.7% during the same time.

Competitive Landscape

Companies are developing new and refined liners that are compatible with different packaging materials. By doing so, they can meet the demands of varying consumer preferences and industries. Industry participants are exploring new opportunities in high-growth regions like Asia Pacific and Latin America, where demand for packaged goods is rapidly increasing. In addition to this, players are expanding their application base, by going beyond the traditional food and beverage sector like cosmetics, pharmaceuticals, and chemicals.

Key players are further strengthening their market positions by pursuing mergers and acquisitions and developing strategic partnerships with other players. This strategy is quite effective in increasing product portfolios, gaining a competitive edge, and attaining new customer segments. Market participants are also focusing on sustainable practices as environmental concerns gain prominence.

Key Players

• Tekni-plex, Inc.

• Selig Group

• Bluemay Weston Limited

• B&B Cap Liners LLC

• Pres-On Corporation

• Low's Capseal Sdn Bhd

• Well-Pack Industries Co, Ltd.

• Tien Lik Cap Seal Sdn Bhd

• Captel International Pvt Ltd.

• Others

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What's brewing in terms of Strategy?

"Manufacturers and Brands Focusing on Consumer Convenience and ‘On-the-go' Strategy"

Manufacturers are focused on expanding their portfolio of induction cap liners to better meet the growing demand for sanitized and hygienic product packaging from on-the-go consumers. Induction sealing reduces the risk of glue contamination of the product. These cap liners are easy to set up and shut down too. This thing also gives confidence to manufacturers and brand owners that the product is fully sealed and the quality of the product is maintained. Also, there seems to be a key focus on design, to enable optimum consumer convenience.

There is an increase in the production of heat induction cap liners, especially for food and beverages. Manufacturers are ramping up their production lines to produce heat induction cap liners designed to be compatible with the changing needs of end-users. There has been a steady development in induction sealing technology, which has paved the way for more advanced and smart induction cap liners.

Millennials have an increasing preference for on-the-go food and beverage products such as liquid food, bakery & confectionery, alcoholic and non-alcoholic beverage products, etc. The millennial population in regions such as South-East Asia is expected to increase significantly, which is why heat induction cap liners manufacturers are targeting growth in countries such as China and India. The idea is to ensure a high degree of consumers' convenience in line with the needs of the modern consumer, as well as impart a fresh look and feel to the product.

Heat Induction Cap Liner Industry by Category

By Material:

• Rubber

• Metal (foil)

• Plastic

• Paper

Based on Application:

• Bottles

• Jars

By End-user:

• Food and Beverages

• Pharmaceuticals

• Cosmetics and Personal Care

• Homecare

• Chemicals and Fertilizers

By Region:

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• Latin America

Authored by:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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