Research Nester released a report titled “Hand-Held Capping Machines Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the global hand-held capping machines market in terms of market segmentation by size, cap range, torque range, driven input, end user 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.
Hand-held capping machines are used for the effective and quick capping of the bottle in order to keep the liquid safe present inside the bottle. Owing to its advantages such as reduced capping time and high efficiency as well as increased production output, the hand-held capping machines market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by driven input into electric and non-electric, out of which, the segment for non-electric is anticipated to hold the leading share in the market. This can be attributed to the low costs, more torque and higher rpm range offered by the hand-held capping machines.
Based on the regional analysis, the hand-held capping machines market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America is predicted to hold the leading share in the market on account of the application of advanced technology in product packaging industries in the region, as well as for the presence of leading market players.
Growing Demand for Packaged Consumer Products to Boost the Market Growth
In 2017, bottled water volume grew to 13.7 billion, a 7 percent increase over the previous year, and bottled water sales totaled $18.5 billion, an increase of 8.8 percent as per the statistical data from the International Bottled Water Association (IBWA).
There is an increasing demand for machines to facilitate the capping process more quickly and easily in order to meet the rise in requirements for packaged drinking water and beverages. Further, the benefits such as portability and durability of the packaged bottle in handling liquid products are anticipated to increase the market growth over the forecast period. However, concerns regarding the complexities involved in capping operations coupled with the high price of hand-held capping machine is estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global hand-held capping machines market which includes company profiling of APACKS Packaging, Inc., Automation Devices, Inc. (SWAN-MATIC), Kinex Cappers®, LLC, ACCUTEK Packaging Equipment Companies, Inc., Quick Capper, The Cary Company, Spheretech Packaging India Private Limited and Medi-Pack Process & Technologies. 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 offers a detailed overview of the global hand-held capping machines market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.