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Small bottles made up of glass or plastic like polypropylene are called as vials. These vials use special capping systems employed to keep the powder and liquids free from contamination. For pharmaceutical applications, crimped seals are used due to its exceptional strength and formability. Non-crimped seals are generally made from plastic, rubber, or other materials. increased importance d hygiene in packaging to maintain the quality and workability of product is driving the market.
Increasing demand for vial cap sealing machines from chemical and pharmaceutical sector is expected to drive the market. Growing demand for powder and liquid medicines from all across the world shall positively impact the market. Additionally, surging demand from food & beverages sector shall fuel market growth.
However, technological advancement in the cap sealing process shall replace the old vial cap sealing method. This is expected to hinder the market growth.
Key Market Driver -
Growing demand from pharmaceutical industry.
Key Market Restraint -
Technological advancement in cap sealing solutions.
Based on Technology the market is segmented into automatic cap sealing machines, semi-automatic vial cap sealing machine, and manual vial cap sealing machine. Based on end-user industry, market is segmented into chemical, pharmaceutical, food & beverages, personal care & cosmetics, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global vial cap sealing machines market consists of global & regional players operating. Some of the key players in the market include, NK Industries Ltd, Shenzhen Penglai Industrial Corporation Limited, Closure Systems International, Inc, Flexicon Corporation, Cozzoli Machine Company, Cropharm Inc, The Adelphi Group of Companies, Dynamic Engitech Pvt Ltd, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold largest share in market attributed to the large manufacturing base for chemicals and pharmaceuticals. Asia Pacific is expected to hold significant share due to the increasing demand for various kinds of beverages. Europe shall show substantial growth attributed to the increasing demand form pharmaceutical sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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