#COVID 19 impact on Pharmaceutical Processing Seals Market

[sramfact]

The global pharmaceutical processing seals market is projected to grow from USD 2.1 billion in 2021 to USD 3.3 billion by 2026, at a CAGR of 10.0% during the forecast period. The favorable rules and regulations for pharmaceutical manufacturing in the developing regions such as APAC, the Middle East & Africa, and South America are expected to drive the pharmaceutical processing seals market. The consumption of pharmaceutical drugs is rapidly increasing at the global level especially, in the rapidly growing economies in APAC. In order to cater to the increasing demand for pharmaceutical drugs, there is an increase in the investments made in the pharmaceutical manufacturing equipment industry for capacity expansions and R&D activities. Expansion of the healthcare sector due to increasing population and improved awareness about quality healthcare are expected to drive the pharmaceutical industry and thus, boost the demand for pharmaceutical processing seals, globally.

There are various types of pharmaceutical processing seals available in the market, namely, O-rings, gaskets, lip seals, and D seals. These seals are available in different grades, shapes, and sizes. The O-rings segment dominated the pharmaceutical processing seals market owing to its high demand in pharmaceutical manufacturing equipment. O-rings are used in pharmaceutical industry for applications such as cryogenic, bioprocessing, cleaning, and sterilization. These seals are used in pharmaceutical industry in agitators and hydraulic cylinders. The reason for the growth of the O-rings segment is its cost-effectiveness and wide range of applications.

The pharmaceutical processing seals market in APAC is projected to register the highest CAGR between 2020 and 2026. The region is emerging as the fastest-growing market for pharmaceutical processing seals due to the growth of the healthcare sector in the region. In addition, the huge capital investment in capacity expansions, R&D, and new product developments across the pharmaceutical industry is boosting the demand for pharmaceutical manufacturing equipment, which will subsequently drive the pharmaceutical processing seals market in the region. The growth of the pharmaceutical industry is attributed to the shifting focus of pharmaceutical manufacturers toward the region owing to favorable regulatory conditions, developing healthcare industry, increasing population, and incidences of chronic diseases. Owing to the increased demand from the APAC market, Saint-Gobain S.A., Morgan Advanced Materials PLC and Garlock have expanded their sealing solution business in the region. These expansions are expected to help the company cater to the growing pharmaceutical processing seals market in the region.

The companies are constantly exploring opportunities for expansion in the APAC region due to favorable trade initiatives proposed by the governments of the countries in the region for the expansion of pharmaceutical industry. These initiatives will open new opportunities for pharmaceutical processing seals manufacturers in the region.

[coldpenguintaco]

MarketsandMarkets™ Report: Sharp Growth for Pharmaceutical Processing Seals Market, Driven by Silicone Industry

MarketsandMarkets™ Report: Sharp Growth for Pharmaceutical Processing Seals Market, Driven by Silicone Industry

The global market size of pharmaceutical processing seals is estimated at USD 2.1 Billion in 2021 and is projected to reach USD 3.3 Billion by 2026, at a CAGR of 10.0% between 2021 and 2026. Seals are an important part of pharmaceutical equipment and are used for various applications in the pharmaceutical industry, such as preventing contamination and leakage, and handle friction and abrasion.…

[colinwilson11]

Pharmaceutical Caps And Closures Market Will Grow At Highest Pace Owing To High Adoption Of Safety And Tamper Evidence Features

The pharmaceutical caps and closures market caters to the capsule-filling needs of pharmaceutical companies for packing prescribed drugs. Capsules made from gelatin help improve bioavailability and protect the drug from moisture, which enhances shelf life. Closures such as screw caps offer tamper evidence and ensure safety. The demand for such caps and closures is rising globally due to an aging population and growing prevalence of lifestyle diseases.

The Pharmaceutical Caps And Closures Market is estimated to be valued at US$ 6.4 Bn in 2024and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the pharmaceutical caps and closures market are Aptar Pharma (AptarGroup), West Pharmaceutical Services, Datwyler Sealing Solutions (Datwyler Group), Lonstroff (Sumitomo Rubber Industries), and Ompi (Stevanato Group). Aptar Pharma and West Pharmaceutical Services collectively account for over 30% of the global market share.

The rising incidence of chronic diseases and increasing generic drug production are fueling demand for pharmaceutical capsules and closures globally. As per estimates, chronic diseases affect over 100 million people in the United States. This is prompting pharmaceutical companies to ramp up production.

Technological advancements are aiding capsule delivery systems. New gelatin compositions improve solubility and bioavailability, while innovative container closure combinations offer better tamper evidence. 3D printing technology is also being explored for high-quality capsule manufacturing.

Market Trends

Sustainability initiatives - Major market players are investing in eco-friendly closure and packaging solutions made from recycled PET and plant-based polymers to reduce plastic waste.

Digitalization - Pharma companies are digitizing packaging lines with track-and-trace solutions and integrating IoT sensors for automated inspection and quality control. This improves production efficiency.

Market Opportunities

Growth in emerging markets - With rising income levels, countries like India, Brazil and China offer lucrative opportunities for pharmaceutical supplies including caps and closures.

Personalized medicines - Tailored drugs require specialized delivery via advanced capsules, thus presenting attractive opportunities, especially in the orphan drug segment.

Impact Of COVID-19 On Pharmaceutical Caps And Closures Market

COVID-19 pandemic has disrupted all markets across the globe. The Pharmaceutical Caps And Closures market was also impacted severely due to disruptions in supply chain, trade restrictions, and lockdowns imposed by various governments. During the initial lockdown phase, production and operations were halted entirely. With restricted movement of goods, shortage of raw materials occurred which hampered manufacturing. Demand also dropped significantly from pharma companies as elective procedures and non-emergency treatments were postponed.

However, as the pandemic intensified, demand from pharmaceutical sector increased manifold for drugs, vaccines and medical supplies. Manufacturers ramped up production and worked on establishing alternative supply routes to meet the growing needs. Governments also took initiatives to support pharma industry and streamline approval processes. With vaccination drives currently underway worldwide, production of caps and closures is expected to remain high. Companies are making investments in expanding capacities and digitizing operations to ensure resilience against future crises. While short term impact was negative, COVID-19 has fast tracked industry’s overall growth trajectory in long run due to emphasis on health security.

In terms of geographical regions, North America region accounts for the largest share in Pharmaceutical Caps And Closures market in value terms currently. This is attributed to presence of major pharma companies, high healthcare spending and rapid adoption of new technologies. Asia Pacific region is expected to witness fastest growth during forecast period with rising incomes, healthcare reforms and increasing generic drug manufacturing in countries like India and China which will drive demand. Europe holds second largest regional market due to advanced pharmaceutical industry and strict quality and safety norms for packaging.

The United States accounts for majority value share within North American region for Pharmaceutical Caps And Closures market. This is because US is the largest pharmaceutical market globally and spends heavily on prescription drugs and medications. India from Asia Pacific region is poised to emerge as the fastest growing country level market during forecast period 2024-2031 backed by low cost manufacturing, government initiatives for domestic industry and changing disease patterns.

Get more insights on this topic: https://www.trendingwebwire.com/pharmaceutical-caps-and-closures-market-is-estimated-to-witness-high-growth-owing-to-innovations-in-tamper-evidence-solutions/

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

What Are The Key Data Covered In This Pharmaceutical Caps And Closures Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Pharmaceutical Caps And Closures's growth between 2024 and 2031.

:- Accurate calculation of the size of the Pharmaceutical Caps And Closures and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Pharmaceutical Caps And Closures Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Pharmaceutical Caps And Closures vendors

FAQ’s

Q.1 What are the main factors influencing the Pharmaceutical Caps And Closures?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Pharmaceutical Caps And Closures companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Pharmaceutical Caps And Closures’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note: 1. Source: Coherent Market Insights, Public sources, Desk research 2. We have leveraged AI tools to mine information and compile it

[industryinsightsandanalysis]

Sustainable Packaging Material Market is expected to display a steady growth by 2028

According to a new report published by UnivDatos Markets Insights, the Sustainable Packaging Material Market is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Material Type (Paper & Paperboard, Plastic, Metal, Glass); Process (Recycled, Reusable, Degradable); End-User (Pharmaceutical & Healthcare, Food &Beverage, Others); Region/Country.

The Sustainable Packaging Material market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Sustainable Packaging Material market. The Sustainable Packaging Material market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Sustainable Packaging Material market at the global and regional levels.

Market Overview

The growth in the e-commerce sector and the government’s initiative to reduce packaging waste coupled with the rising demand for packaging materials from the food & beverage sector are some of the factors helping the development of the sustainable packaging industry. The packaging helps to sell the product by providing excellent brand value and protection for the product. As a result, businesses use packaging extensively for market production and consumer demand. Packaging use and disposal practices have a detrimental effect on the environment. In order to maximize the value of the product while also protecting the environment, manufacturers are creating sustainable packaging. The total expansion of the sustainable packaging sector is presented with a lucrative opportunity by the growing public awareness of environmental effects.

The Sustainable Packaging Material Market is expected to grow at a steady rate of around 8%. Growing customers’ awareness about the harmful impact of packaging materials on the environment plays a very important role in the growth of sustainable packaging materials. When buying a product today, buyers consider a number of aspects such as the product's value and concerns like sustainability, environmental effects, product pricing, and many more. Such consumer awareness is promoting the overall expansion of the sustainable packaging sector.

In addition, the leading industry players are actively taking steps toward environmental protection. For instance: Nestle has pledged an investment of more than USD 2 billion to transform virgin plastic into food-grade and recyclable packaging The funding has been extensively used to increase the market for sustainable packaging.

Some of the major players operating in the market include BASF SE, Amcor Plc, Westrock Company, Sonoco Products Company, TetraPak International SA, Sealed Air Corporation, Mondi PLC, Ball Corporation, Ardagh Group SA, Smurfit Kappa Group PLC.

COVID-19 Impact

The industrial sector and manufacturing industries have experienced a severe economic shock as a result of the COVID-19 epidemic. Numerous industrial sectors have been severely impacted by the decreased worker force and the restricted access to the raw materials used in manufacturing. However, the demand for food and drinks as well as the pharmaceutical sector was rising, which aided in the sustainable packaging sector's overall expansion.

The global Sustainable Packaging Material market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Based on process, the market is segmented into recycled, reusable, and degradable. The recycled category witnessed a higher CAGR during the forecast period. Increased use of recycled content packaging by companies aiming to demonstrate environmental sustainability and differentiate their products, combined with increased collection and processing capacity, would promote gains in recycled content packaging.

On the basis of end-users, the market is categorized as pharmaceutical & healthcare, food & beverage, and others.  Among these, the food & beverage segment to hold a significant share in the market in 2020. The expansion is attributable to the appeal of environmentally friendly packaging, which has led to the large adoption of compostable and moulded pulp packaging by fast food chains, casual dining establishments, and restaurant chains. Moreover, the growing demand for sustainable packaging from FMCG goods, dairy products, beverages, and other items is adding pace to the market growth.

Sustainable Packaging Material Market Geographical Segmentation Includes:

North America (United States, Canada, and Rest of North America)

Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

Rest of the World

APAC is anticipated to grow at a substantial CAGR during the forecast period. The initiatives from the e-commerce sectors in the Asia-pacific region are also propelling the sustainable packaging market value in recent years. For instance, a leading e-commerce organization named SF express which is based in China was determined to reuse the packaging materials for overtimes and support the growth of the sustainable packaging market growth. The e-commerce sector has started to adopt packaging cartons from the urban regions and 1st tier and 2nd tier cities.

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The major players targeting the market include

BASF SE

Amcor Plc

Westrock Company

Sonoco Products Company

TetraPak International SA

Sealed Air Corporation

Mondi PLC

Ball Corporation

Ardagh Group SA

Smurfit Kappa Group PLC

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Sustainable Packaging Material market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the sustainable packaging material market?

• Which factors are influencing the sustainable packaging material market over the forecast period?

• What are the global challenges, threats, and risks in the sustainable packaging material market?

• Which factors are propelling and restraining the sustainable packaging material market?

• What are the demanding global regions of the sustainable packaging material market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

Browse Related Newsletter from UnivDatos Market Insights

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[tamanna31]

Packaging Machinery Market Size, Share, Growth, Analysis Forecast to 2030

Packaging Machinery Industry Overview

The global packaging machinery market size was estimated at USD 44.17 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.

The key factors propelling the industry growth include the high demand for packaged foods & beverages and rising consumer spending on pharmaceuticals & personal care products. The COVID-19 pandemic had a significant impact on the global industry. The high number of COVID-19 cases across the globe affected consumer shopping at retail shops and convenience stores. Also, disruption of the supply chain and lack of availability of the workforce negatively impacted the industry growth. However, over the forecast period, the industry is expected to recover swiftly.

Gather more insights about the market drivers, restrains and growth of the Packaging Machinery Market

Packaged food and beverages offer convenience, ease, and time efficiency. These aspects of packaged foods and beverages are the factors encouraging consumers to spend on such products. Over the forecast period, an increasing share of millennials and Gen-Z in consumer profiles is likely to boost the demand for convenience products. Furthermore, the growth is driven by growing innovations and technology improvement. Advancements, such as automation, robots, and other technologies, are improving product penetration in various industries. Automated and semi-automated packaging machines are helping the end-user industries to scale up effectively while controlling the costs of operations.

Packaging equipment is required by various logistics organizations to wrap and package their products before shipping. E-commerce is gaining momentum across the world facilitated by the rising penetration of internet connections and online retailers. Thus, the rising popularity of e-commerce and online shopping is also expected to drive the industry growth over the forecast period. Developed efficient packaging equipment and vacuum packaging techniques to encourage the established end-user industries to adopt solutions for optimal business expansion, thereby supporting growth. Furthermore, the demand for environmental packaging is being encouraged by the strict laws imposed by the governments of industrialized nations; this, in turn, is boosting industry growth.

Browse through Grand View Research's Food Safety & Processing Industry Research Reports.

• The global food glazing agents market size was valued at USD 4.43 billion in 2023 and is expected to grow at a CAGR of 8.2% from 2024 to 2030.

• The global monk fruit sweetener market size was estimated at USD 353.7 million in 2023 and is expected to expand at a CAGR of 7.7% from 2024 to 2030.

Global Packaging Machinery Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global packaging machinery market report on the basis of machine-type, end-use, and region:

Machine-type Outlook (Revenue, USD Billion, 2017 - 2030)

Filling

Labeling

Form-Fill-Seal

Cartoning

Wrapping

Palletizing

Bottling Line

Others

End-use Outlook (Revenue, USD Billion, 2017 - 2030)

Beverages

Food

Chemicals

Personal Care

Pharmaceuticals

Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

United Kingdom

Spain

Italy

Russia

Asia Pacific

China

India

Japan

Australia

South Korea

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

UAE

Key Companies & Market Share Insights

Manufacturers adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance market penetration and cater to the changing technological requirements of various end-use industries. For instance, in January 2021, ProMach acquired Bartelt (manufacturer of horizontal form fill & seal (HFFS) and fill & seal pouch packaging systems) from KHS Group, the aim of ProMach’s is to boost the portfolio of pouch packaging solutions and enable the company to grow its business by adding a new North American base for flexible packaging solutions. Some of the prominent players in the global packaging machinery market include:

Langley Holding plc

Maillis Group

Rovema GmbH

Douglas Machine Inc.

KHS Group

SIG

Tetra Laval International S.A.

Krones AG

I.M.A. Industria Macchine Automatiche S.p.A.

Syntegon Technology GmbH

ProMach

GEA Group Aktiengesellschaf

Sacmi

Coesia S.p.A.

Duravant

Order a free sample PDF of the Packaging Machinery Market Intelligence Study, published by Grand View Research.

[packaginginsight]

Flexible Plastic Packaging  Industry 2024 Trends, Growth, and Forecast by 2031

The study offers a thorough assessment of the factors that will probably have an impact on the worldwide market as a whole's future growth as well as future prospects and present trends. In-depth analysis is done on demand projections, market trends, market share, and micro and macro statistics. The market study for Flexible Plastic Packaging Industry comprises a thorough examination of the rival companies' profiles. The market research looks at production capacity, rising demand, sales, and potential for future growth.

The research employs contemporary methods to gather and analyze key primary and secondary research data and concepts in order to keep readers abreast of markets that are undergoing rapid technological change. For a more complete understanding of the market potentials, detailed information on the Flexible Plastic Packaging Market includes driving factors, development plans including the creation of new products and mergers and acquisitions, partnerships and cooperation, new trends, obstacles, and opportunities.

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Key Players:

Amcor Ltd, Berry Global Group Inc, Sonoco Products Company, Sealed Air Corporation, DS Smith, Constantia Flexibles, Transcontinental Inc, Mondi Group, Huhtamaki Oyj, Westrock Company

COVID-19 Impact on Keyword Market

The market study will go further into the current situation, the financial crisis, and COVID-19's effect on the sector as a whole. The report employs market breakdown and data triangulation approaches to complete the entire market research and analysis process, including correct information for all segments, subsections, regions, and opportunities for a more comprehensive perspective of the market potentials.

Market Segmentation

In this analysis, the global Flexible Plastic Packaging Market was segmented by type, region, application, and end-use. The report covers the status, market size, growth rate, upcoming trends, market-driving factors, opportunities, and challenges, in addition to sales channels and dealers. Market breakdown and data triangulation processes are utilized to complete the entire market research process and arrive at precise numbers for all segments, sub-segments, and market development.

By Product Type

Pouches

Bags

Roll stock

Films & Wraps

Others

By Raw Material

Plastic

Metal

Other

By Printing Technology

Rotogravure

Digital Printing

Flexography

Other

By Application

Food

Beverages

Personal Care & Cosmetics

Pharmaceutical & Healthcare

Others

Regional Overview

The report looks closely at the revenue, market share, and potential growth possibilities for the key regions and countries included in the global market segmentation. The market for Flexible Plastic Packaging Market was developed by researching the top competitors in the sector. It provides information on the market's drivers, limitations, and possibilities for future growth on both a qualitative and quantitative level. The global regional markets are all included in the market research.

Competitive Scenario

The market research examines and projects the major nations of the world, as well as current developments and prospects in the area. The primary rivals on the market were examined to create the Flexible Plastic Packaging Market report. The research explores SWOT and Porter's five forces to provide a thorough insight of the market. Secondary research was carried out to investigate and foresee market entities by collecting information on significant actors.

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About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company 's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety.

[fristam]

Critical Role of Hygienic Pumps in Pharmaceutical Processes

The pharmaceutical industry is known for its exacting standards when it comes to precision and quality. Hygienic pumps are crucial in this sector as they facilitate the movement of liquids and gases during production.

As a leading centrifugal pump manufacturer, we innovate to make our clients' operational processes efficient, safe, and cost-effective in a constantly evolving landscape.

Furthermore, the COVID-19 pandemic forced us, as contributors to the pumping industry, to develop reliable pumps for hygiene-critical applications that also offered optimum cleanability. While industries needing safety and sanitation rely on many different types of industrial pumps, centrifugal pumps are a go-to choice for the pharmaceutical industry owing to their project-specific customization.

But before we explore the types of hygienic pumps used in the pharmaceutical industry, let us first understand the critical role these play in the domain.

The Indispensable Function of Hygienic Pumps in Pharma Manufacturing

The impact of industrial pumps on maintaining the integrity and effectiveness of pharmaceuticals throughout their production is significant. Whether in processes like drying, distillation, sterilisation, or crystallisation, the efficiency and success of these operations hinge on the performance of these pumps.

When selecting a pump, such as a centrifugal pump for the pharmaceutical industry, emphasise design and quality over cost. The right choice here is vital to avoid costly mistakes and contamination risks. Inferior pumps pose a risk of non-compliance and can endanger patient health by potentially introducing impurities.

Given the variety of pumps in use, including hygienic food processing pumps, understanding their pivotal function in maintaining industry standards is essential. Join us as we explore the indispensable role these pumps play in process integrity and consistency of results.

Types of Hygienic Pumps Used in the Pharmaceutical Industry

Centrifugal Pumps

Centrifugal pumps are commonly used in the pharmaceutical industry. At Fristam, we blend our deep industry knowledge with leadership in high-purity services like Water for Injection (WFI). Our precision-engineered FPV series pumps, known for their innovative seal design, ensure sterility and efficiency in biopharmaceutical processes.

We rigorously select materials and maintain detailed records of every component, including elastomers. This commitment to traceability, stretching back to 1972, allows us to offer hygienic, safe, and reliable pumps, positioning us at the forefront of the pharmaceutical market today.

Applications include:

WFI or PW

CIP Supply

Water Loop

Liquid Ring True Self Priming Pumps

The FZ Pump, a self-priming and reversible unit, provides outstanding accuracy in fully evacuating tanks and lines. It excels in managing highly viscous products, making it an ideal choice for CIP return applications. This pump is the go-to solution for situations demanding high suction capacity.

Applications include:

CIP Return

Purified Water

Tote Unloading

Positive Displacement Pumps

The Fristam FL is a universally adaptable solution for numerous standard bio-pharmaceutical applications. It's recognised for its hygienic, gentle, low-maintenance, long-lasting, and cost-effective qualities.

Featuring distinctive helical three-winged rotors, the Fristam FL3 is tailored for revolution speeds up to 1,000 min–1 and excels in CIP return processes, eliminating the need for an extra pump in a bypass line. All models in this range are compact, easy to clean, and suitable for CIP and SIP processes.

Applications include:

Ointments

Lotions & Creams

Protein-based solutions

In the diverse world of pharmaceuticals, different pumping solutions are essential. Fristam Pumps is equipped to elevate your pharmaceutical operations with state-of-the-art pump upgrades. Specialising in technical solutions, we deliver both efficiency and reliability. Our broad selection, including the centrifugal pump for the pharmaceutical industry and the hygienic food processing pump, guarantees the best match for your company's needs.

With our expertise in efficient design and engineering, we focus on helping you find the optimal solution for your projects. If you are searching for high-performance and efficient pumps, connect with us today!

[jayanthitbrc]

Global Commodity Plastics Market Overview – Market Growth Analysis And Key Drivers

The Commodity Plastics Global Market Report 2023, provides comprehensive information on the commodity plastics market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Commodity Plastics Market’s Growth:

As per The Business Research Company’s Commodity Plastics Global Market Report 2023, the market size is expected to grow from $465.38 billion in 2022 to $498.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of commodity plastics is expected to grow to $637.15 billion in 2027 at a CAGR of 6.3%.

Get A Free Sample Of The Report (Includes Graphs And Tables):

Product advancement is a key trend gaining popularity in the commodity plastics market. Major market players are focusing on technological advancements to sustain their position in the commodity plastics market. For instance, in August 2021, Krehalon, a Netherlands based packaging company, launched the KreCycleTM to meet the demand for more sustainable packaging options, as well as a portfolio of conveniently recyclable high barrier flexible films for fresh food applications. The KreCycleTM product line includes polyester (PET), polyethylene (PE), and polypropylene (PP) based solutions with customized barrier qualities to meet the needs of specific applications. It is perfect for packaging fresh protein products such as red meat, poultry, processed meat, fish, and hard cheese. Flexible thermoforming films, flowrap films with a high barrier option, lidding films, and vacuum pouches are among the products available. For the convenience of the consumer, there are additional lock and peel seal options.

The commodity plastics market is segmented:

1) By Type: Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate (PET), Poly (Methyl Methacrylate) (PMMA)

2) By Plastic Type: Reusable, Recyclable

3) By End-User: Packaging, Construction, Consumer Goods, Automotive, Electronics, Textiles, Medical and Pharmaceutical, Other End Use Industry

Asia-Pacific was the largest region in the commodity plastics market in 2022.

The table of contents in TBRC’s commodity plastics market report includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

.

.

.

27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

Learn About Us:  The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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[rohans18]

Flow Pack Machine Market CAGR, Trends, Top Players, Analysis, Industry Size - Forecast 2032

The flow pack machine market is anticipated to US$ 4.8 Bn in 2022 and is projected to reach US$ 6.8 Bn by 2032, at a CAGR of 3.4% from 2022 to 2032. Sales in the market are expected to increase at a steady rate on the back of growing adoption of automatic machines in diverse industries such as food & beverage, personal care, and others.

The Flow Pack Machine Market is a segment within the packaging machinery industry that specializes in the production and distribution of flow pack machines. Flow pack machines, also known as horizontal flow wrappers or flow wrapping machines, are used for high-speed packaging applications in various industries. Here's an overview of the Flow Pack Machine Market:

Market Significance:

The Flow Pack Machine Market is vital for industries requiring efficient and high-speed packaging, such as food, pharmaceuticals, personal care, and household products.

These machines are essential for packaging products in airtight and tamper-evident wraps.

Flow Pack Machine Functionality:

Flow pack machines automate the process of wrapping products with a continuous film, creating a tightly sealed package around the product.

They are suitable for packaging items of different shapes and sizes, making them versatile for various industries.

Get Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15590

Types of Products Packaged:

Flow pack machines are used for packaging products like bakery goods, confectionery, fresh produce, frozen foods, medical devices, and more.

Key Features of Flow Pack Machines:

High Speed: Flow pack machines are known for their high-speed packaging capabilities, making them ideal for mass production.

Sealing Quality: They provide consistent and high-quality sealing, ensuring product freshness and safety.

Customization: These machines can be adjusted for different packaging formats, including pillow packs, gusseted bags, and more.

End-Use Industries:

The Flow Pack Machine Market caters to various industries, including food and beverages, pharmaceuticals, cosmetics, personal care, and non-food items.

Materials Used:

Packaging materials include plastic films (such as polyethylene and polypropylene), laminates, and specialty films with barrier properties.

Eco-friendly and sustainable materials are gaining traction due to environmental concerns.

Benefits of Flow Pack Machines:

Efficiency: High-speed packaging lines are cost-effective for large-scale production.

Product Protection: Flow pack packaging provides excellent protection against moisture, contaminants, and physical damage.

Tamper-Evident: The tightly sealed packages provide tamper-evident features for safety and security.

Regulatory Compliance:

Flow pack machines and packaging materials must adhere to regulatory standards, particularly in the food and pharmaceutical industries.

Technological Advancements:

Ongoing research and development efforts focus on improving machine efficiency, automation, and sustainability.

Impact of COVID-19: - The pandemic influenced packaging preferences, with increased demand for single-serve and convenience packaging, aligning with the capabilities of flow pack machines.

The Flow Pack Machine Market is an integral part of the packaging machinery sector, offering efficient and versatile solutions for packaging a wide array of products. Its high-speed capabilities and adaptability to various industries make it a vital component in modern packaging processes, meeting the demands of both manufacturers and consumers for convenience and reliability.

For More Info: https://www.futuremarketinsights.com/reports/flow-pack-machine-market

[pranalipawarshinde]

Stick and Sachet Packing Machine Market to grow with CAGR of 7.9% by 2031 | ARANOW Packaging Machinery, S.L. (Spain), Duravant LLC (Spain)

The global stick and sachet packing machine market was valued at US$ 7.2 billion in 2021 and it is anticipated to grow up to US$ 12.4 billion by 2031, at a CAGR of 5.5% during the forecast period.

Packaging machines are used for packaging products or components. The need for packaging machines to integrate with upstream manufacturing processes has resulted in the development of automation techniques for several sectors. This product area includes equipment that forms, fills, seals, wraps, cleans, and packages at different levels of automation. Packaging machines also include related machinery for sorting, counting, and accumulating.

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A stick pack machine is a single lane vertical form fill seal packaging machine where a roll of film is cut, multiple small stick pack bags are formed, and products are filled and sealed inside it. The main applications include small packagings such as sugar sachet, small ketchup sachet, and coffee stick packing machine.

Sachet packaging is extensively used in the cosmetics & personal care, food & beverages, and pharmaceutical industries. Sachets are small, sealed, flexible pouches manufactured from paper, plastic, aluminum foil, and cellulosic and contain liquid, powder, or capsule products. As they are cheaper than large-size packets, sachets are generally used either for promotional trial packs or to cater to low-income or price-sensitive customers who prefer economical packs.

Market Drivers and Trends

Sugar sachet packing machines, milk sachet filling machines, sachet stick packs, and tea sachet packing machines are some examples of sachet packaging machines that are increasing in demand, and the demand for small sachet packing machines is expected to drive the market’s revenue growth due to the presence of many food and beverage manufacturers.

Sachet packing machine is most extensively used in medicine packaging. Sachet packing machines can easily produce blister foils, slip packs, and easy-open pouches at high speed which has increased manifold due to the growing demand for pharmaceutical products are expected to drive the growth of the sachet packaging machine market.

Therefore, increasing demand in food and pharmaceutical sectors are boosting the global stick and sachet packing machine market growth.

Market Restraints and Challenges

The higher costs for the production and import activities for the integrated packaging machinery, such as wrapping, automated labeling, palletizing machines, and significant others, require higher capital costs. Such factors are hindering the overall growth of the packaging machinery industry. Further, the taxes imposed on the customs duty in developing regions such as India, Argentina, and other countries were also negatively influencing the overall growth of the packaging machinery industry. Thus, the higher costs for the production and import activities and taxes imposed on the customs duty in developing regions are anticipated to hinder the growth of the global stick and sachet packing machine market.

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Major Players in the Global Stick and Sachet Packing Machine Market

The key players studied in the global stick and sachet packing machine market are ARANOW Packaging Machinery, S.L. (Spain), Duravant LLC (Spain), Ilapak International SA (Switzerland), Körber AG (Germany), Matrix Packaging Machinery, LLC (US), Nichrome Packaging Solutions (India), OMAG Srl (Italy), SmartPac Verpackungsmaschinen GmbH (Germany), Syntegon Technology GmbH (Germany), and Universal Pack S.r.l. (Italy).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of stick and sachet packing machines worldwide. Thus, the COVID-19 pandemic negatively affected the global stick and sachet packing machine market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of stick and sachet packing machines.

Global Stick and Sachet Packing Machine Market Segmentation

By Type

Stick Pack Packing Machine

Sachet Packing Machine

By Product Type

Powder and Granule

Liquid Products

Others

By End User

Food and Beverages

Pharmaceuticals

Chemicals

Cosmetics

Others

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[market-researcher]

Global Aseptic Packaging Market to Grow by CAGR of ~10% During 2023 – 2033

Research Nester published a report titled “Aseptic Packaging Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global aseptic packaging market in terms of market segmentation by packaging type, materials, application, by region.  

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The global aseptic packaging market is projected to grow at a CAGR of ~10% by attaining robust revenue during the forecast period, i.e., 2023 – 2033. Higher demand for aseptic packaging to avoid infectious diseases is anticipated to propel the growth of the market during the forecast period. For instance, about 1 million deaths are caused by antimicrobial resistance each year. Additionally, increasing utilization of aseptic packaging for dairy products is further estimated to propel market growth over the forecast period. It is observed that in 2020 around 900 million tons of milk were produced globally.

Additionally, by application, the global aseptic packaging market is segmented into food & beverage, pharmaceuticals, chemicals, and others. Out of these sub-segments, the food & beverage segment is estimated to obtain the largest share in the market during the forecast period. The growth of the segment can be accounted to an exponentially growing consumer pool. As of 2022, the food segment was projected to generate total revenue of around USD 15 billion.

Furthermore, the global aseptic packaging market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the Asia Pacific region is estimated to grow at a rapid pace over the forecast period on the back of booming demand for ready-to-make meals. In 2022, the ready-to-eat meals segment was valued at about USD 300 billion.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Escalating Demand in Food & Beverage Industry to Foster the Growth of the Market

The food & drink segment was estimated to generate gross revenue of about USD 0.75 billion in 2022.

Rising industrialization and urbanization have led humans to a hectic where they lack time to consume proper meals. Hence, a significant demand for ready-to-eat and packaged meals emerges along with the required process of sterilizing the food to keep it bacteria-free. The main purpose of aseptic packaging is to prevent harmful organisms from entering the packages. Therefore, such factors are anticipated to propel the growth of the market during the forecast period.

However, the disrupted supply chain due to covid-19 and the negative environmental impact of aseptic packaging is expected to operate as a key restraint to the growth of the global aseptic packaging market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global aseptic packaging market which includes company profiling of Sealed Air Corporation, Amcor Limited, UFlex Limited, DS Smith Plc, Stora Enso Oyj, International Paper Company, Smurfit Kappa Group, WstRock Company, Bemis Company, Inc., and Sonoco Product Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. 

On the whole, the report depicts a detailed overview of the global aseptic packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.    

[sramfact]

The report "Pharmaceutical Processing Seals Market by Material (Metals, PTFE, Nitrile Rubber, Silicone, EPDM, FKM, FFKM, UHMWPE, PU), Type (O-Ring Seals, Gaskets, Lip Seals, D Seals), Application (Manufacturing Equipment), and Region - Global Forecast to 2026", The pharmaceutical processing seals market is projected to grow from USD 2.1 billion in 2021 to USD 3.3 billion by 2026, at a CAGR of 10.0% during the forecast period. The growth of pharmaceutical processing seals market is attributed to the increased demand for pharmaceutical manufacturing equipment due to the growing healthcare industry and increasing consumption of pharmaceutical drugs. In addition, the expansion of healthcare industry in APAC due to favorable trade policies proposed by the government of countries in this region is expected to drive the pharmaceutical processing seals market.

[kenresearchcompany]

3 Key Insights on US$ 60 Bn Opportunity in Global Packaging Machinery Market: Ken Research

Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Increasing Demand for Efficient Packaging Machinery in Various Industries Encourage Market Growth

Packaging Machinery is widely adopted by manufacturers of various industries such as food & beverages, pharmaceuticals, personal care, and others to package goods. The increasing popularity of the e-commerce sector coupled with the rising penetration of the internet and online retailing in the different sectors is likely to boost the demand for packaging as well as packaging machinery. However, the requirement for high initial investment may impede the growth of the market.

The advancement in new technologies for packaging machinery to make it more efficient and environmentally friendly is creating immense opportunities for the growth of the Global Packaging Machinery Market.

According to Ken Research estimates, the Global Packaging Machinery Market – valued at around US$ 35 Bn in 2017 and estimated to reach nearly US$ 45 Bn by 2022 – is expected to grow to around US$ 60 Bn opportunity by 2028.

2. Growing Popularity of the E-Commerce Sector is Driving the Market Growth

The change in consumer purchasing behaviour for goods such as food & beverages, medicines, nutraceuticals, chemicals, and others along with the wide adoption of e-commerce service due to its convenience is expected to boost the demand for packaging, which in turn increases the demand for packaging machinery among manufacturers. In addition, millennials and Gen-Z prefer purchasing products online as it offers convenience, discounts, price comparisons, and other advantages. The increase in demand for consumer goods and increased penetration of the internet in the industry is expected to boost the demand for packaging machinery to package goods efficiently and temper proof.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTEy

The below graph depicts the penetration of online services in retail industry in India.

3. Requirement for High Initial Investment in Packaging Machinery Pose the Most Significant Barrier to the Growth of the Market.

Automated and semi-automated packaging machines are highly expensive and difficult to afford for small and medium-scale manufacturers of any industry, which may hamper the growth of the market. Moreover, packaging machinery requires a lot of space to set up as they are huge and they need constant maintenance, which adds up to the cost of packaging machinery. The manual process for packaging is time-consuming and not feasible for any manufacturers. Thus, the requirement for a high amount of initial investment to purchase packaging machinery is expected to restrict the growth of the Global Packaging Machinery Market.

The below graph depicts the average cost for semi-automatic and automatic packaging machinery cost in US$.

Key Topics Covered in the Report

Snapshot of the Global Packaging Machinery Market

Industry Value Chain and Ecosystem Analysis of the Packaging Machinery Market

Market size and Segmentation of the Global Packaging Machinery Market

Historic Growth of the Overall Global Packaging Machinery Market and Segments

Competition Scenario of the Packaging Machinery Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Packaging Machinery Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Packaging Machinery Market

Future Market Forecast and Growth Rates of the Global Packaging Machinery Market and by Segments

Market Size of Application/End-User Segments with historical CAGR and Future Forecasts

Analysis of the Packaging Machinery Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Packaging Machinery Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

Krones AG

Robert Bosch Gmbh

Coesia

M.A. Industria Macchine Automatiche S.P.A. 

Langley Holdings Plc

KHS Group

CKD Corporation

Barry-Wehmiller Companies

The Adelphi Group of Companies

Fuji Machinery Co.,Ltd.

Notable Emerging Companies Mentioned in the Report

Tetra Laval

Marchesini Group

Aetna Group

BERHALTER AG

Syntegon Technology GmbH

PAC Machinery

Multivac

For more information on the research report, refer to below link:

Global Packaging Machinery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

[coldpenguintaco]

Pharmaceutical Processing Seals Market Expected to Grow Fast| Trelleborg AB, Freudenberg Group, Flowserve Corporation, James Walker, Parker Hannifin Corporation and Others

Pharmaceutical Processing Seals Market Expected to Grow Fast| Trelleborg AB, Freudenberg Group, Flowserve Corporation, James Walker, Parker Hannifin Corporation and Others

Pharmaceutical Processing Seals Market The pharmaceutical processing seals market is projected to grow from USD 2.1 billion in 2021 to USD 3.3 billion by 2026, at a CAGR of 10.0% during the forecast period. Seals are an important part of pharmaceutical equipment and are used for various applications under pharmaceutical industry, such as to prevent contamination and leakage, and to handle…

[researchnesterinsights]

Welded Blisters Market Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2027

According to a recently published report by Research Nester on “Welded Blisters Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the Welded Blisters Market in terms of market segmentation by market, by product, by technology, by type, by end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Welded Blisters Market has been segmented by market, product, technology, type and end user. Based on market, it is segmented into paper & paperboard, aluminium and plastic films. On the basis of product, the market is segmented into face seal, trapped blister, mock, two-piece, blister cards, full face seal, full card blister and trifold. On the basis of technology, the market is segmented into Vacuum Forming, Cold Forming, Thermoforming, Pressure Forming, Thermos- Cold Complex Forming, Clamshell and Carded and Calendar. By type, the market is segmented into cold seal blister, sliding blister, high frequency (HF) welded blisters, insert blisters and box interiors, heat seal blisters, green blisters, wrap-around blister, standard blister and other types. Based on end user, the market is segmented into industrial goods, healthcare, food and beverages, consumer goods, veterinary and nutraceuticals.

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The welded blisters market is anticipated to grow significantly during the forecast period i.e. 2019-2027. Consumer segment is anticipated to have major revenue growth by end users on account of increasing demand for such blisters as they help to provide the products with long shelf life and aid in complete exposure of the product.

North America is expected to grow at a rapid pace on the back of growing number of manufacturers in that region. Asia-Pacific is expected to grow significantly on the back of increasing demand from different end users such as food and beverages, consumer goods, healthcare etc. Europe is expected to grow significantly on the back of growth of pharmaceuticals industry in that region. Middle East and Africa is expected to grow at a significant rate on the back of increasing number of manufacturers of welded blisters.

Provides protection against theft and shoplifting

Presence of welded blister helps to protect the product against theft and shoplifting which is expected to boost the growth of the market.

More than a single product can be packed together

With the help of welded blisters, more than one product can be packed together allowing large distribution of the products. They are preferred by the brands to publicize, promote and exhibit the product which is expected to boost the growth of the welded blisters market.

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Improvement in product offering

The welded blister manufacturers are improving their product offering by adopting to a new cold blister technique for creating steeper blister angles using lesser raw material.

However, the requirement for a special sealing process and as well as the knife or scissors to cut welded blisters are expected to beakey restraints towards the growth of welded blisters market during the forecast period.

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel Email: info@researchnester.com U.S. Phone: [+1 646 586 9123] U.K. Phone: [+44 203 608 591]

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[wahid007posts]

Beverage packaging sector is the largest end-use segment of the caps & closures market

The report "Caps & Closures Market by Type (Plastic Caps & Closures (Screw Caps, Dispensing Caps)), Metal Caps & Closures (Screw & Lug, Crown Caps), Other Caps & Closures (Corks)), Raw Material, End-Use Industry - Global Forecast to 2026", The global caps & closures market size is projected to reach USD 85.0 billion by 2026, at a CAGR of 5.5% from 2021 to 2026.

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Browse 337 market data Tables and 46 Figures spread through 252 Pages and in-depth TOC on "Caps & Closures Market”

COVID-19 impact on the Global Caps & closures Market

Caps & closures are used in food & beverages, pharmaceuticals, household goods, cosmetic products, and others. They are the final components of packaging and are responsible for maintaining the integrity of the product packing. Caps & closures use polyethylene, polypropylene, steel, and aluminum as the primary raw materials for manufacturing

“Plastic segment to witness highest CAGR during the forecast period”

Plastic caps & closures are made from a wide range of polymers such as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). Plastic is widely used across several industries as a preferred raw material for manufacturing caps & closures as it can be molded into the desired shape when it is heated or when pressure is applied. After the manufacturing process, the plastic hardens and transforms into a solid substance, which is suitable for sealing products. Plastic caps & closures can be easily formed, are of high quality, are cost-effective, and provide excellent barrier properties and the freedom of design.

The type of raw material used depends on end-use sectors, product type, and the container for which it is required. The PP segment leads the market. PP is widely used owing to its high resistance to chemical corrosion, making it an excellent choice for packaging for cleaning products, bleaches, and first-aid products, among others. It also offers excellent fatigue resistance and elasticity, securing it a well-deserved reputation for toughness and durability.

“Plastic caps & closures type segment to witness highest cagr during the forecast period.”

Plastic caps and closures are mainly used for the packaging of plastic bottles. They are also used for the packaging of food, beverage, healthcare, personal care & home care, and industrial products. Plastic caps and closures are manufactured using various raw materials such as PE, PP, PET, PVC, PS, and PC. The cost-effectiveness, low weight, and compatibility of plastic caps & closures play a crucial role in the growth of the overall market.

https://icrowdnewswire.com/2022/01/25/caps-amp-closures-market-worth-85-0-billion-by-2026/

“APAC is the largest market for caps & closures”

APAC led the global caps & closures market, accounting for a share of 35.8% in 2020. APAC comprises two high-growth economies—China and India. The standard of living is improving in this region, which is accelerating the per-capita spending on packaging. Hectic lifestyles result in the demand for packaged products for on-the-go consumption. This consequently leads to the demand for closures that are easy to open, can be re-sealed, and those that keep the products fresh for a longer period. Economies such as Indonesia, Malaysia, and Singapore offer significant opportunities for the caps & closures market.

The continuous growth in the packaged food & beverage market is expected to support the growth of the plastic caps & closures industry over the next five years. The Indian packaging industry is likely to grow further because of the rising demand for plastic caps & closures, an increase in exports, and the growing food processing and beverage industry. The continuous influx of international manufacturers into the food & beverage, pharmaceutical, and cosmetic sectors is expected to increase the demand for packaging. This has also encouraged manufacturers and suppliers to shift to retail, smaller size, and unit level packaging, providing attractive growth opportunities for the plastic caps & closures market. Owing to the continuous growth and innovation in the packaging industry, the plastic caps & closures market is expected to grow over the next five years.

Key Market Players

RPC Group PLC (UK), Crown Holdings Incorporation (US), Amcor Limited Plc (Australia), Rexam PLC (UK), Berry Plastics Corporation (US), Silgan Holdings Inc. (US), AptarGroup Incorporated (US), and Guala Closures Group (Italy) are the key players operating in the caps & closures market.

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