Induction Sealing Machines Market Outlook (2022-2032)
In 2022, the induction sealing machine market is anticipated to be worth US$ 1.2 billion. The market is projected to inflate at a CAGR of 6% to reach a market size of US$ 2.15 billion by 2032.
Attributes
Details
Induction Sealing Machine Market CAGR
6%
Induction Sealing Machine Market (2022)
US$ 1.2 Billion
Induction Sealing Machine Market (2032)
US$ 2.15 Billion
The machine market is the result of an increase in product development efforts made by manufacturers in different regions. The packaging sector, however, is technology-driven. In order to achieve the best revenue growth, package manufacturers are adopting technology, particularly filling, forming, sealing, labeling, and inspection solutions, in today's extremely competitive and dynamic market.
These devices are widely used by manufacturers in the personal care and cosmetics, food and beverage, home care, and pharmaceuticals sectors. The market for induction sealing machines is heavily dominated by small producers, whose annual revenues range from $20 million to $25 million.
Induction sealers are widely used by food and beverage producers. Food that has been packaged is shielded from the weather, protected from heat, and spared from any physical damage. Aluminum foils and sheets are used by manufacturers as an extra layer of protection to keep food and beverages safely contained in bottles and containers.
The food is kept fresh, and the product's shelf life is extended in addition to providing protection. Along with the food and beverage sector, the packaging is also used in the pharmaceutical and cosmetic sectors.
A broader range of products is a focus for several global players. Equipment that will satisfy their diverse demands is preferred by end users. As a result, the businesses seal caps with a diameter of 50 to 150mm. Additionally, businesses are able to seal caps on a wider scale owing to the employment of cutting-edge technology. The businesses not only concentrate on improving their equipment but also try to solve troubleshooting glitches.
The focus of several new businesses is on designs that are simple to open. The end consumers are now more demanding improved usability. Additionally, they create and manufacture induction sealing devices. These devices provide a hermetic induction seal that is utilized to shield the material from harm and prevent tampering.
Certain businesses provide spotless peel liners. They exclusively concentrate on precisely sealing liquid items, which benefits the products by making them leak-proof. Manufacturers thread and seal plastic and aluminum caps on packaged goods that are sold in plastic bottles and containers using induction sealing machines. In order to soften the sheets and seal the bottle caps, the business also employs equipment that creates high temperatures using the electromagnetic induction method.
Several manufacturers offer continuous band sealing equipment that is often used to seal laminated or non-laminated pouches. These devices are utilized in large production settings where pouches are filled and sealed. These devices are employed for various packet kinds.
These are in high demand all across the world. Cosmetic, dairy, food, grocer, chemical, auto parts, electronic components, and seed processing units are the main industries that employ these devices.
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Induction Sealing Machines Market: Introduction
Packaging industry is technology driven. In today’s highly competitive and dynamic marketplace, to achieve the highest revenue, growth packaging manufacturers are embracing the technology, especially filling, forming, sealing, labelling and inspection solutions. Induction sealing, which is widely known as heat sealing uses electromagnetic induction principle. The sealant under cap foil liner automatically gets heated and attached to neck of the bottle.
These machines are extensively used in personal care & cosmetics, food & beverages, homecare, pharmaceuticals industries. Growing demand for bottle sealing from pharmaceuticals, personal care & cosmetics and food & beverages sectors to drive the global demand for induction sealing machines market. Induction sealing machines market is highly dominated by small scale manufacturers, whose annual revenues falls within US$ 20- 25 Mn.
Europe & North America has large number of manufacturers. The trend of shifting manufacturing from Europe & North America to Asia Pacific (APAC) region, especially to India, Bangladesh, Thailand, Malaysia and China is expected to influence the dynamics of the global induction sealing machines market.
Due to their counterfeit protection, tamper evidence and leak-proof features, induction sealing machines are creating their space in majority of packaging and converting companies. Overall the global induction sealing machine market is expected to grow at a healthy CAGR, during forecast period.
Induction Sealing Machines: Market Dynamics
Induction sealing machines helps in counterfeit protective packaging for pharmaceuticals, cosmetics and food & beverages. A statistics show that annually approx. one million people die from consumption of counterfeit medicines. Counterfeit protection is also a major problem in cosmetics where counterfeiting can cause loss of brand equity.
Induction sealing is very eco-friendly, because it requires less energy and uses less foil & sealant material compared to conductive sealers. Induction liners in cap sealing acts as hermetic seals, which will not allow oxygen, dust, moisture and other foreign material into the bottles. So, the product shelf-life can be extended up to 10 to 12 weeks.
Induction sealers get heated as soon as power on, no wastage of time in heating & cooling. The high speed sealing and less changeover times, no touching or handling will increase packaging productivity. Induction sealing also helps in leak prevention, because they use air tight sealing, which can withstand high pressures.
These aforementioned features make induction sealing machines, top choice of packaging manufacturers and converters. Rising intolerance towards plastic is expected to hamper the growth of induction sealing machines market. Overall the market is expected to grow at a healthy CAGR over forecast period.
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Induction Sealing Machines: Market Segmentation
The global induction sealing machines market is segmented on the basis of technology, throughput and end-use. On the basis of technology, the global induction sealing machines market is segmented into manual, semiautomatic and automatic.
On the basis of end use, the global induction sealing machines market is segmented into pharmaceuticals, food & beverages, cosmetics & personal care, home care & toiletries, sealants & adhesives and others. Food & beverages and pharmaceuticals together is expected to dominate the overall global induction sealing machines market. Cosmetics is expected to grow at a highest growth during the forecast period.
Induction Sealing Machines Market: Regional outlook
Induction sealing machines market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Induction sealing machines market in APEJ is expected to dominate the overall global market.
This is due to dominating concentration of global middle class population and their rising demand for food & beverages, pharmaceuticals and cosmetics & personal care products.
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Induction Sealing Machines Market
Key players
Some of the players in the global Induction sealing machines market are Enercon Industries Corporation, Pillar Technologies, Inc., Zhejiang Brother Packing Machinery Co., Ltd, me.ro S.p.a., Lepel Corporation, KWT Machine Systems Co., Ltd., Relco UK, Y-Fang Sealing Machine Ltd. and others.
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The report covers exhaust analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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.
