Research Nester has released a report titled “Cap Liner Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global cap liner market in terms of market segmentation by product type, end use 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.
The global cap liner market is segmented by product type into polyethylene foam liners, ps22 liners, induction liners, polyvinyl liners, foil liners and others, out of which, the polyvinyl liners segment registered the largest market share of 26.59% in the year 2019 and is anticipated to record an incremental $ opportunity of USD 20.5 million in the year 2020 as compared to the previous year. Moreover, the segment is expected to grow by a CAGR of 6.06% during the forecast period, i.e. 2020-2028 and further grow by 1.6x during the forecast period and reach a value of USD 679.9 million by the end of 2028.
The global cap liner market is anticipated to achieve a CAGR of 6.18% during the forecast period. Increasing research and development activities for the cap liners by prominent market players to decrease overall expenditure and increase overall efficiency of the cap liners, increasing investments by several manufacturers in the industry to expand their business backed by global developmental strategies, along with the growing advancements in raw material for developing combination liners are some of the factors anticipated to promote towards the growth of the global cap liner market. The market is anticipated to garner USD 2582.6 million by the end of 2028 from USD 1520 million in the year 2019 by growing at 1.62x during the forecast period. Additionally, the market is also expected to gain an incremental $ opportunity of USD 78.8 million in the year 2020 as compared to the previous year and gain an absolute $ opportunity of USD 983.8 million during the forecast period.
Regionally, the global cap liner market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, the market in North America held the largest market share of 33.50% in the year 2019 and anticipated to grow by a CAGR of 5.86% during the forecast period. The market in the region is further expected to reach a value of USD 841.9 million by the end of 2028 and gain an absolute $ opportunity of USD 307.9 million during the forecast period along with an incremental $ opportunity of USD 24.8 million in the year 2020 as compared to the previous year.
Increasing Demand for Cap Liners From End User Industries
In the packaging industry, especially for the packaging of food & beverages or other products in the home care, cosmetic or chemicals, cap liners are used widely as its application possesses several benefits, such as it preserves the texture, taste, flavor and further enhance shelf life of food & beverages products. Moreover, cap liners are also known to prevent leakage, keep food products fresh, reduce product contamination and enhance the integrity of the product. Hence, they are found to be used widely in several end user industries. Moreover, with the growing concerns for food packaging safety and the growing cases of food contamination are raising the need amongst food manufacturers as well as other related sectors to increasingly use cap liners to protect their product. Such factors are anticipated to drive the growth of the global cap liner market.
However, concerns regarding the fluctuating price of raw materials, which is known to affect the profitability of the manufacturers of cap liners, coupled with the risk of contamination from certain few reactive chemicals that may contaminate the product are some of the factors anticipated to limit the growth of the global cap liner market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global cap liner market, which includes company profiling of Dupont Teijin Films U.S. Limited, Merck KGaA (ETR: MRK), M-industries, Qorpak, Selig Liners, Bluemay Weston Limited, Yantai Yongsheng Packing Material Co., Ltd., Tekni-Plex, Selpac Europe and The Cary 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 detailed overview of the global cap liner market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.