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.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
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.
Expanding operations in future? To get the perfect launch ask for a custom report
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
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.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.