Research Nester released a report titled “Hand-Held Capping Machines Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers 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.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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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 Middle East & Africa region. The market in North America is predicted to hold the leading share in the market on account of 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 totalled $18.5 billion, an increase of 8.8 percent as per the statistical data from International Bottled Water Association (IBWA).
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
There is an increasing demand for machines to facilitate the capping process more quickly and easily in order to meet the rise in requirements of packaged drinking water and beverages. Further, the benefits such as portability and durability of packaged bottle in handling the liquid products is anticipated to increase the market growth over the forecast period. However, concerns regarding complexities involved in capping operations coupled with the high price of hand-held capping machine is estimated to hamper the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-748
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 depicts 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 possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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