Global Heat Shrink Capsules Market – Overview
The packaging is one of the crucial part to keep the product away from external interventions and to extend the shelf life. The packaging is not only limited to store and ship the product but also used for the prevention of counterfeiting. The heat shrink capsule is beneficial to differentiate & stand out the product on shelves and prevent counterfeit. The end-users are using the heat shrink capsules to stand their product unique and avoid the tampering of their expensive products. The heat shrink capsules are usually made up of PVC and aluminum foil due to high barrier properties. The ample space for branding and guiding is anticipated to make heat shrink capsules as a crucial part in the beverage packaging. The manufacturers are focusing to offer the printed or customer specific heat shrink capsules, which provide choosing ability to the end users.
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Global Heat Shrink Capsules Market – Dynamics
The beverage industry is key end-user for the heat shrink capsules market due to its high consumption of bottles in packaging and needs to secure the caps and closures. The alcoholic beverage industry is at its fast-paced growth. The demand for beer and wine beverages is expected to increase from emerging countries across the globe. The growing demand for alcoholic beverages is also creating a counterfeiting threat to manufacturers, due to which the heat shrink capsules are anticipated to increase in the market. The global player from the beverage industry is finding the heat shrink capsules as an excellent tool for promoting the product. In addition to this, the companies adopting heat shrink capsules as anti-counterfeiting packaging and labeling. The high-quality shrink capsules are also used by end-users to offer premiumization to their products.
Global Heat Shrink Capsules Market – Geographical Outlook
The demand for heat shrink capsules is increasing from emerging countries such as China, India, Brazil, & ASEAN countries. The rapid growth in the consumption of beverages in these countries is playing a key role in the increased demand for heat shrink capsules. The Asia Pacific is expected to be the largest market for heat shrink capsules with a high number of small scale manufacturers. After the Asia Pacific region, Europe is expected as the second huge market for heat shrink capsules. As the home of premium alcoholic beverages brand, Europe is anticipated to be a consumer of premium and high-quality heat shrink capsules. North America heat shrink capsules market is expected to show sluggish growth as compared to Europe and Asia Pacific region. Brazil and Mexico are expected to provide lucrative market growth for Latin America heat shrink capsules in the next ten years. The Middle East & Africa is likely to depend upon Europe and Asian countries to import the beverages, which tends to witness less demand for heat shrink capsules in the region.
Global Heat Shrink Capsules Market – Segmentation
The global heat shrink capsules market has been segmented into material type, diameter, & end-user industry. The pricing for heat shrink capsules has being done based on material type segment in US$ million, and the volume is considered in tonnes.
On the basis of material type, the global heat shrink capsules market has been segmented into:
- PVC (Polyvinyl Chloride)
- PET (Polyethylene Terephthalate)
On the basis of diameter, the global heat shrink capsules market has been segmented into:
- Below 25 mm
- 25-40 mm
- Above 40 mm
On the basis of end-user industry, the global heat shrink capsules market has been segmented into:
- Food Industry
- Sauces & Pickles
- Beverage Industry
Global Heat Shrink Capsules Market – Key Players
Some of the companies operating in the global heat shrink capsules market are as follows:
- Vinpac International Pty Ltd.
- Eurocork NV
- Viscose Closures Ltd.
- Klöckner Pentaplast of America, Inc.
- Mondial Capsule S.r.l.
- Janson Capsules Group
- Rankin Brothers & Sons
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The following regional segments are covered comprehensively:
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