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According to Technavio’s research analysis, the growing conveyor belt market will be one of the major factors that will have a positive impact on the global vial cap sealing machines market during the forecast period. One of the important part in the vial cap sealing machines is the conveyor belt that allows movement of feed container into an in-feed star wheel during the vial cap sealing process. The advantages of the conveyor belts such as faster loading and unloading of items, controlled speeds while moving heavy materials, and automating the tasks of movement with reduction in manpower costs will increase its demand. As the productivity of a vial cap sealing machine is highly reliant on speed, the conveyor belts provide flexible and adjustable settings based on user requirements. The rising fitment of conveyor belts will drive the vial cap sealing machines market size. Our market research analysts predict that this market will grow at a CAGR of close to 5% by 2022.
The rising usage of multipacks is one of the key trends that will gain traction in the vial cap sealing machines market in the forthcoming years. The multipack packaging consists of many packaging types such as paperboard overwraps, corrugated fibreboard boxes, and cartons. The benefits such as the prevention of pilferage of products and reduction of overall packaging costs, increases the demand for multipack packaging from retailers, manufacturers, and consumers.
The vendors in the vial cap sealing machines market compete based on machine quality, reliability, pricing, and the use of latest technologies. The vial cap sealing machines manufacturers are concentrating on global events to display their products and technologies and are increasingly focusing on gaining competitive leverage with innovative solutions.
The leading vendors in the market are –
The other prominent vendors in the market are Cozzoli Machine Company, CroPharm, M.G. Industries, N K Industries, R-V Industries, and SHENZHEN PENGLAI.
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During 2017, the automatic vial cap sealing machines marketsegment accounted for the major shares of the vial cap sealing machines market. Factors such as the presence of several features that drive manufacturers to fit these machines into their production lines will contribute to the growth of the automatic vial cap sealing machines market segment in the coming years.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. The rising demand for vial cap sealing machines in the pharmaceutical industry will drive the market’s growth in the region. Also, the increased consumption of medicines in the Americas drive the need for vials that in turn generates the demand for vial cap sealing machines.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY TECHNOLOGY
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
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