Cap Liners Market Size & Share | Industry Trends Analysis Report for 2032
The Cap Liner Market has exhibited robust growth, with revenue amounting to US$ 1.07 billion in 2021, as reported by FMI. Predicted to expand at a CAGR of 5.1% from 2022 to 2032, the market’s overall value is projected to reach US$ 1.8 billion by 2032. The prominence of cap liners is underscored by the top 5 providers capturing a substantial market share of 35% to 40% in 2021.
Within this market, the heat induction cap liner segment holds a significant market value share of about 30.5% in 2022, driven by the demand for high-quality liners to ensure product freshness and prevent contamination. The increasing emphasis on leakage prevention and maintaining product integrity has further propelled the cap liner market’s growth.
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FMI’s analysis anticipates continuous sales expansion, creating a growth opportunity of US$ 1.1 billion between 2022 and 2032. Notably, even amidst the global pandemic, the US cap liner market defied expectations, recording a 3.5% year-on-year growth and contributing to the flourishing cap liner industry.
Key Takeaways:
- The cap liner market revenue totaled US$1.07 billion in 2021 and is projected to reach US$1.8 billion by 2032.
- The heat induction cap liner segment is expected to hold approximately 30.5% of the market value share by the end of 2022.
- The demand for cap liners is driven by the need for prevention from leakage, product freshness, and contamination prevention in packaging.
- The US cap liner market grew by 3.5% in 2021, reaching total sales of US$273 million.
- Globally, the cap liner market witnessed a growth rate of 4.6% from 2016 to 2021, with further growth expected at a CAGR of 5.1% between 2022 and 2032
Competitive Landscape
The players involved in manufacturing cap liners are trying to focus on expanding their presence, product portfolio, capacity, and resources to meet the growing demand for packaging in various regions. The key players are adopting merger/acquisition and expansion strategies. Some of the latest developments are as follows:
- In November 2021 – Amcor launched a new technology named “IMPRESSION” developed in collaboration with MGJ that allows a brand to modify the closure liners of bottle caps.
- In January 2021 – Selig group announced the acquisition of MGJ, MGJ is a prominent supplier of foam-based liners worldwide. The grouping provides Selig with highly corresponding together capabilities to help its customers more broadly on a global basis.
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Key Players:
- Selig sealing Inc.
- Amcor
- DuPont Teijin Films
- M.F.I. Capliners
- Bluemay Weston Limited
- B&B Cap Liners LLC
- Pres-On Corporation
- Multipack Labels
- Tekni-Plex Ltd.
- Geraldiscos Ltd.
- Meyer Seals Group
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Cap Liners Market by Product Type
By Product Type:
- Heat Induction Cap Liner
- Pressure Sensitive Cap Liner
- Foam Liners
By Application:
- Bottles
- Jars
By End Use:
- Food & Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Homecare
- Chemical & Fertilizers
- Other Consumer Goods
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
- Oceania