File Photo
The global automatic capping machine market is expected to be valued at US$ 3,881.5 million in 2023. Advancement of new technologies in the packaging and filling machines market, changing consumer lifestyles, in filling & capping equipment are some aspects that are anticipated to propel the market throughout the forecast period. The demand for automatic capping machines is projected to record a CAGR of 3.7% between 2023 and 2033, totaling around US$ 5,581.9 million by 2033.
The automatic capping machine is manufactured with high-quality raw materials and by using advanced technology. The automatic capping machine is durable and flexible and works with different types of containers and caps. The automatic capping machine provides stable finish standards, rust-proof, and flawlessly finished packaging. The automatic capping machine has a wide range of applications in several industries.
The automatic capping machine is used in plastic and metal threaded caps, plastic snap caps, and also used in some types of plugs and corks. The automatic capping machine caps are used for packaging different varieties of bottles, including Glass and plastic bottles. Moreover, the global automatic capping machine is used in packaging a variety of caps such as Ropp, screws, crowns, corks, and Snap-On caps.
The automatic capping machine saves the time of manufacturers capping the bottles of the product. The automatic capping machine has dual servo-driven system control for bottle capping functions to ensure that caps are properly tightened so that the product meets perfection when it is sent to the market for sales
Which Drivers Underpin Automatic Capping Machine Industry Expansion?
Increasing Urbanization & Development in Food & Beverage Industry to Act as Key Drivers
The global automatic capping machine market is mainly driven by a rise in the food and beverage industry. An increase in demand for packaged foods leads to rising in the automatic capping machine market. Automatic machine capping has a wide range of applications in many industries, further leading to the growth of the market.
The manufacturers of different industries use automatic capping machines, which helps in reducing the time of packaging capping for the products leading to a growth of the automatic capping machine market. Moreover, a rise in disposable income, a rapid rate of urbanization, and the adoption of different cultures lead to rising in the automatic capping machine market.
Developing regions such as Asia-Pacific have a significant opportunity in the expected year owing to changes in the food and beverage industries and the pharmaceutical industry.
Region-wise Insights
North America Holds a Significant Position in the Global Automatic Capping Machine Market
Adoption of Advanced Technologies & Significant Investments in Research and Development to Mushroom the Revenue Collection.
In terms of geographic divisions, North America held the second-leading share, accounting for 26% share in the Automatic Capping Machine in 2021. According to Future Market Insights analysis, the region is estimated to witness significant growth over the forecast period. This market growth is attributed to the upward trend of packaged food & beverage, backed by the fast-moving lifestyle in the region.
The food & beverages industry has surfaced as a high-growth commerce, especially in the food processing segment in North America over the recent years owing to its considerable potential for value addition. The growing inclination of consumers toward adopting healthy food habits is anticipated to fuel the demand for food & beverages, which, in turn, may boost the demand for automatic capping machines throughout the forecast period.
Besides, the increasing shift in pharmaceutical packaging has bolstered the demand for cost-efficient materials for bottle capping. Prominent manufacturers are making huge investments in the development of environmentally friendly caps and increasing the efficiency of manufacturing units. These factors are likely to have a positive impact on the automatic capping machine market.
What the Growth of the European Automatic Capping Machine Market Looks Like?
Germany is likely to Capture a Substantial Share in the Regional Market Growth.
Based on Future Market Insight's recent analysis, Europe is the leading region in revenue share, accounting for a 30% share of the Automatic Capping Machine market. European nations are anticipated to hold vital opportunities owing to technological advancements and the introduction of encouraging Food & Beverage policies by several governments.
Germany & France were the early adopters of automatic capping machines and are huge shareholders in regional revenue generation. According to the recently published report by UN Environment Programme (UNEP), the production capacity of the European chemical industry has nearly doubled within the last two decades. The increasing production capacity and introduction of recent upgrades are likely to fuel market sales in the coming years.
In August 2022, The Berchtesgadener Land Dairy partnered with Krones Ag to supply vital parts. The company invested in a new returnable-glass line for milk and cream.
The Start-up Ecosystem: How Key Players Are Opening Frontiers for Future Growth?
Founded in 2015, CloudNC provides artificially intelligent solutions to control and optimize the performance of CNC machines automatically. The firm is headquartered in London, United Kingdom. The AS9100D manufacturing facility utilizes top-end hardware and has the potential to resolve the most challenging manufacturing problems with state-of-the-art machining technology.
Launched in 2018, InBolt is a Paris-based company that develops machine control technology for hand-held industrial robots. The robot vision system is applicable for hand-held tools, robotic arms, and AGVs. The company develops a micro-location solution based on cutting-edge 3D computer vision algorithms. The micro-location and tracking technology used by Inbolt is based on a mix of vision and other sensors. To date, the firm has received a total funding of US$ 3 million.
Competitive Landscape: What are the Leading Players in the Automatic Capping Machine Market Up to?
Krones AG, a supplier of complete systems, provides breweries, beverage bottlers, and food producers all over the world with individual machines and with complete production lines. The company offers an extensive range of products which includes Plastic screw caps and tethered caps, Crowns and ring-pull caps, Aluminium roll-on caps, and Press-on caps.
In July 2022, Accutek Packaging Equipment Companies announced the expansion of the business to a 130,000 sq. ft building in Vista, California. This new location may feature technical packaging equipment expertise with an in-house staff equipped to service sophisticated machinery, develop turnkey integrated packaging lines, and engineer automated systems.
In April 2022, KHS developed a modular PET filler platform. This new PET filler platform allows users to tailor their requirements, reconfigure, and expand their needs anytime. The PET filler platform consumes very low energy and emits low carbon.
These insights are based on a report on
Automatic Capping Machine Market
by Future Market Insights
Source: Email/GFMM
Comment Now