The cap liner market has been showing steady growth, with the revenue totaling US$1.07 billion in 2021, according to FMI. It is projected to reach US$1.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2032. The demand for cap liners is expected to increase, with the top five providers holding a significant market share of 35% to 40% in 2021.
Among the different types of cap liners, the heat induction cap liner segment is projected to hold approximately 30.5% of the market value share by the end of 2022. This preference is driven by the high demand for high-quality cap liners for various products.
The growth of the cap liner market is fueled by the increasing demand for prevention from leakage, maintaining product freshness, and preventing contamination in packaging. FMI analysis forecasts strong sales growth in the cap liner market, with an estimated growth opportunity of US$1.1 billion between 2022 and 2032.
Despite initial skepticism during the global pandemic, the cap liner market in the US grew by 3.5% year on year in 2021. Across North America, total sales of cap liners reached US$273 million in the same year.
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Globally, the cap liner market witnessed a growth rate of 4.6% from 2016 to 2021, reaching US$1.07 billion in 2021 from US$857 million in 2016. Over the next decade, the market is expected to continue its impressive growth, with a projected CAGR of 5.1% between 2022 and 2032.
Key Takeaways:
- The cap liner market revenue totaled US$1.07 billion in 2021 and is projected to reach US$1.8 billion by 2032.
- The heat induction cap liner segment is expected to hold approximately 30.5% of the market value share by the end of 2022.
- The demand for cap liners is driven by the need for prevention from leakage, product freshness, and contamination prevention in packaging.
- The US cap liner market grew by 3.5% in 2021, reaching total sales of US$273 million.
- Globally, the cap liner market witnessed a growth rate of 4.6% from 2016 to 2021, with further growth expected at a CAGR of 5.1% between 2022 and 2032
Competitive Landscape
The players involved in manufacturing cap liners are trying to focus on expanding their presence, product portfolio, capacity, and resources to meet the growing demand for packaging in various regions. The key players are adopting merger/acquisition and expansion strategies. Some of the latest developments are as follows:
- In November 2021 – Amcor launched a new technology named “IMPRESSION” developed in collaboration with MGJ that allows a brand to modify the closure liners of bottle caps.
- In January 2021 – Selig group announced the acquisition of MGJ, MGJ is a prominent supplier of foam-based liners worldwide. The grouping provides Selig with highly corresponding together capabilities to help its customers more broadly on a global basis.
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Key Players:
- Selig sealing Inc.
- Amcor
- DuPont Teijin Films
- M.F.I. Capliners
- Bluemay Weston Limited
- B&B Cap Liners LLC
- Pres-On Corporation
- Multipack Labels
- Tekni-Plex Ltd.
- Geraldiscos Ltd.
- Meyer Seals Group
Country-Wise Insights: Accelerating Demand for Cap Liners Market in the UK and Growth Opportunities in China:
Increasing Production of Food and Beverages in the UK to Drive Demand for Cap Liners Market
The UK’s growing production of food and beverages is expected to accelerate the demand for cap liners in the market. As the UK’s largest manufacturing sector, the food and drink industry plays a significant role in driving the demand for cap liners. With increased sales of packed food and beverages products across the United Kingdom, the country is projected to account for approximately 6.5% of the global cap liners market value by the end of the forecast period. This growth in the food and beverages industry creates opportunities for cap liner manufacturers to cater to the packaging needs of the sector and meet the increasing demand for reliable sealing and leakage prevention.
China’s Chemical Industry Presents Growth Opportunities for Cap Liners Market
China is expected to create a growth opportunity for the cap liners market, with its cap liner market projected to grow 1.8 times the current market value during the forecast period. This growth is attributed to the increasing chemical sector in China and the consumption of chemicals across various industries. Cap liners provide effective sealing and leakage prevention for chemical bottles used in packaging. As China is the major producer of chemicals in the world, accounting for around half of the global chemical sales in 2020, the growing chemical industry in China presents significant growth opportunities for the cap liners market. The demand for cap liners in the chemical industry is driven by the need for secure and leak-proof packaging of chemicals, ensuring product safety and integrity.
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Cap Liners Market by Product Type
By Product Type, Cap Liners Market is segmented as:
- Heat Induction Cap Liner
- Pressure Sensitive Cap Liner
- Foam Liners
By Application, Cap Liners Market is segmented as:
- Bottles
- Jars
By End Use, Cap Liners Market is segmented as:
- Food & Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Homecare
- Chemical & Fertilizers
- Other Consumer Goods
By Region, Cap Liners Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
- Oceania
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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