Hand-Held Capping Machines Market Trends

Growth Drivers

Increasing Demand for Packaged Drinking Water and Beverages to Boost the Market Growth

Since the requirements for packaged drinking water and beverages are continuously increasing, there is a rise in the demand for machines to facilitate the capping process more quickly and easily. According to International Bottled Water Association (IBWA), 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. Innovated hand-held capping machines are being developed which can meet the increased demand from packaging industries. This is anticipated to significantly expand the global hand-held capping machines market over the years. 

Innovations in Packaging Technologies to Drive the Market Growth

Diversified products are being packaged into the bottled containers owing to the new advancements in packaging technologies. The bottled containers also serve the purpose of maintaining the quality of product and increase its shelf life. Such factors are anticipated to drive the growth of the global hand-held capping machines market over the forecast period.

Challenges

High Costs and Complexity in Capping Operations

Despite the improving technology, there are lot of complexities involved in capping operations on account of size discrepancies between machine and cap. Additionally, the high cost of hand-held capping machines is not affordable to small-scale manufacturers which is estimated to hinder the growth of global hand-held capping machines market in the future.