According to latest research by Future Market Insights, foam cap liners is set to witness steady growth of ~4% CAGR during 2021-2031. Significant Demand for foam cap liners due to pandemic situation, with positive growth outlook in the long-run. Increasing demand from hygiene products and user-friendly liners of closures create the opportunities in near future, however, service of foam cap liners in packaging sector will provide momentum.
What is Driving Demand for Foam Cap Liners?
Growing demand of new foam cap liners for prevention of leakage, prevent oxidation of product, increase half-life of product, tamper-eveided liners drive this market. Moreover, launch of innovative product and technological advancements in cap liners for foam will fuel the growth of this market.
Foam cap liners has gaining attention over past few years due to high promotion of contactless cap liners and child resistance closures. Contactless multidose delivery cap is an extraordinary innovative packaging material, for the packaging industry.
It offers a total protected, simple arrangement for administration, and gives favorable results in good clinical practices, and in this manner its utilization is high for liquids. This act as major driver.
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COVID-19 pandemic Likely to Augment Demand of Foam Cap Liners in hygiene industry.
Demand for foam cap liners increases around the globe due COVID-19-pandamic. COVID-19 pandemic is expected rise the demand of foam cap liners to maintain hygiene without contact. Coronavirus COVID-19 (SARS-CoV-2) disease is seen to be life-threatening disease.
The demand for foam disinfectant and hand sanitizers increased multiple folds during this period to maintain hygiene. This had a positive impact on the foam caps liner market.
US and Canada Demand Outlook
The US remains one of the largest markets for foam cap liners globally. US will hold significant markets share throughout the course of the forecast period.
Due to acceptance of innovative and user-friendly cap liners by American population so leading manufacture develop more innovative liners.
For instance, in 2020 mold closures are made from High Density Polyethylene, a recyclable plastic resin known for its exceptional moisture and vapor barrier properties (MVTR) and stiffness. These containers are in liner size of 33 and 36 mm, for liquid.
Demand for foam cap liners will be increasing in US and Canada due to the consumer is looking for product which is easy to access, easy to use, fulfil the demand and need, easy to get foam. These factors create huge opportunities for the manufacturer to develop the consumer-friendly foam cap liners.
Acceptance of this cap are some other factors fueling the market growth in the country.
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Europe Demand Outlook for Foam Cap Liners
Foam cap liners demand has gained traction in European countries in recent years due to adaption of aseptic environment and hygiene in healthcare facilities. The company in Europe are consistently focuses on product development.
As the majority of the company’s revenue is generated from caps liners, the company has been introducing new caps liners in the market to sustain its profitability.
For Instances, In April 2020, MENSHEN is collaborated with interpack for the indispensable event for the food, pharmaceutical, cosmetics and non-food sectors such as cleaning agents or the chemical industry for packaging material.
Who are the Key Manufacturers and Suppliers of Foam Cap Liners?
Some of the leading manufacturers and suppliers of foam cap liners include
Many leading manufacturers and service providers have strategic acquisition to for strengthen their position for sales.
In September 2020, Baricap latest expansions were the start of a production facility in Malaysia to grow their sales.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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