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Oct 15, 2024

Global Hand-held Capping Machines Market Set to Reach USD 426.5 Million by 2032, Driven by Increasing Demand for Packaged Beverages and Technological Advancements – FMIBlog

The global hand-held capping machines market is projected to witness significant growth, with market valuation expected to increase from USD 290.9 million in 2022 to an impressive USD 426.5 million by

The global hand-held capping machines market is projected to witness significant growth, with market valuation expected to increase from USD 290.9 million in 2022 to an impressive USD 426.5 million by 2032, according to a recent study by Future Market Insights (FMI). This represents a compound annual growth rate (CAGR) of 3.9% over the forecast period. The rising demand for packaged drinking water, beverages, and other bottled products requiring efficient capping processes is driving the market.

However, in addition to the high initial cost of these equipment, additional costs for the distribution systems are necessary, which could impede the expansion of the global industry. In contrast, manufacturers are implementing strategies and broadening their product lines in response to technological advancements, which are expected to open up new opportunities for market expansionTop 5 Companies

Transforming the Market for Hand-Held Capping MachinesDue to the presence of numerous market players, the market share for hand-held capping machines is extremely competitive. Various regional level businesses are also active in important growth zones, particularly in Europe, through mergers and acquisitions.

Key Market Players of the Hand-Held Capping Machines Market:

OTHER MARKET PARTICPANTS OF HAND-HELD CAPPING MACHINES MARKET:

Sales of Hand-held Capping Machines Flourish in Europe & North America

Europe is the most dominating hand-held capping machines market, with a revenue of 22%. This is attributed to the technological advancements in hand-held capping machines and the increasing benefits that are provided by these machines.

North America is a growing hand-held capping machines market with a revenue of 18%. This is owing to the presence of leading market players who manufacture and market these machines in this region. Moreover, the innovation observed in the packaging equipment and advancements in technology are further likely to increase product demand.

Access Full Report: https://www.futuremarketinsights.com/reports/hand-held-capping-machines-market

Key Segments Profiled in the Hand-held Capping Machines Market Survey

By Size:

By Cape Range:

By Torque Range:

By Driven Input:

By Region:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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