The global case closures and sealers market is poised for significant growth, with an expected market value of $4,660.22 million in 2023, projected to surge to $8,670.72 million by 2033, featuring a commendable compound annual growth rate (CAGR) of 6.4%. This growth builds upon a solid historical CAGR of 5.3% during the period from 2018 to 2022.
Several key factors are driving this remarkable expansion:
- Burgeoning Demand for Packaged Food: The increasing demand for packaged food products, driven by changing consumer lifestyles and higher disposable income, is a major catalyst for the case closures and sealers market. This trend is expected to persist, underpinning continued demand for sealing and closure solutions in the food packaging industry.
- Growth of Small and Medium Enterprises: The expanding number of small and medium enterprises is contributing to the rising demand for case closures and sealers. These businesses are increasingly adopting advanced machines that offer superior performance and efficiency, further boosting the market.
- Technological Advancements: Manufacturers in this space are focusing on developing technologically advanced machines that can enhance the efficiency of sealing and closure processes. The adoption of automatic case sealers, in particular, is on the rise, leading to increased product sales.
- Speed and Efficiency: Case package sealers can operate at significantly higher speeds than human workers, and fully automatic case closures and sealing machines are gaining popularity. They not only speed up production but also reduce costs, contributing to the overall efficiency of various organizations.
- Uniform Packaging and Online Shopping: Fully automatic sealers offer the advantage of uniform packaging, ensuring consistent product quality. The surge in online shopping, especially during the pandemic, has driven demand for efficient packaging and sealing solutions, making these machines a vital component in the supply chain.
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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Case Closures and Sealers
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the industry.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Case Closures and Sealers industry. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Takeaways and Projections
- The U.S. is expected to lead the North America Case Closures and Sealers market, projecting the fastest growth in the region between 2023 and 2033
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.
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Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Case Closures and Sealers market that affected the growth in the industry for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Case Closures and Sealers industry for the forecast period 2023-2033.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Case Closures and Sealers for the assessment period. As per the study, the demand for will grow at a robust CAGR between 2023 and 2033.
- Market Trend Analysis: The latest study by FMI on the Case Closures and Sealers market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist industry players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The industry survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of industry. The survey provides a thorough industry share analysis to offer an in-depth analysis of prevailing competition.
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Key Segmentation:
Based on the Equipment Type:
- Manual
- Semi-Automatic
- Fully-Automatic
Based on the Application:
- Food and Beverages Packaging
- Electrical and Electronics Packaging
- Agricultural Packaging
- Healthcare and Pharmaceuticals Packaging
- Others
Based on the Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
Author
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.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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