Cap Liners Market Booming to Reach US$4.5 Billion by 2034, Fueled by Convenient and On-the-Go Food Consumption
The expanding packaged food and beverage industry due to urban dwellers' need for convenient and on-the-go consumption has played a significant role in the growth of the cap liner market. It can be confidently projected that the market is very likely to follow an upward trajectory of 2.60% CAGR in the forecast period of 2024 to 2034.
The acceptance of cap liners, especially heat induction cap liners, in the booming cosmetics and pharmaceutical industries is also one of the major drivers for this market. Manufacturing units are still preferring plastic liners despite environmental concerns by eco-conscious consumers and businesses due to their cost-effectiveness and non-reactiveness.
The cap liner market is all set to surpass an overall valuation of US$ 4.50 billion by the end of 2034. The rapid industrialization and use of automated machinery and robots in the packaging world are very likely to change the way bottle and container packaging is implemented today.
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"Companies in the cap liners industry must look for branding opportunities on the liners as they are the first thing visible when a consumer opens the container. This will help them create a memorable brand image in the minds of the consumers," opines an Ismail Sutaria (Lead Consultant, Packaging and Materials at Future Market Insights, Inc.).
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About the 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.
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