The global top loading cartoning machines market is expected to witness steady expansion, with an estimated value of US$873 million in 2022 and a projected value of US$1,042 million by 2026, at a compound annual growth rate (CAGR) of 4.5% during the forecast period.
Automatic top loading cartoning machines dominate the market, accounting for approximately two-thirds of the global market share. Top loading models with a capacity ranging from 71 to 150 cartons per minute are the most common and enjoy strong sales in various markets.
Europe is anticipated to have the largest sales of top loading cartoning machines compared to other regions. The European region accounts for three out of ten top loading cartoning machines sold, giving it a significant market share. However, the high cost of these machines may limit the rate of market expansion.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5751
The industry has witnessed advancements such as the use of top load cartoners equipped with brushless motors for increased production. Innovation in this field is exemplified by companies like R.A Jones, who have developed new carton feed systems capable of handling 345 cartons per minute.
According to Future Market Insights, the market for top loading cartoning machines is expected to experience a rise of 50 basis share points (BPS) in H1-2022 compared to H1-2021. However, a decline of 20 BPS change has been observed when comparing the projected H1-2022 with the H1-2022 outlook period.
This change is mainly attributed to the simplification of the quality control process and the ability of these machines to maintain high product standards. Top loading cartoning machines minimize errors and contribute to efficient project management solutions
Key takeaways:
- The global market for top loading cartoning machines is estimated to reach US$1,042 million by 2026, with a CAGR of 4.5% from 2022 to 2026.
- Automatic top loading cartoning machines hold the majority of the market share.
- Top loading cartoning machines with a capacity of 71 to 150 cartons per minute are the most popular globally.
- Europe leads in terms of sales of top loading cartoning machines.
- The high cost associated with these machines may hamper the market growth rate.
- Advancements include the usage of brushless motors and higher-speed carton feed systems.
- The market is expected to show growth in H1-2022 compared to H1-2021, but a slight decline is projected for the H1-2022 outlook period.
- Top loading cartoning machines simplify quality control processes, maintain product standards, reduce errors, and aid in project management solutions.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-5751
Top Load Cartoning Machines Market Country Level Analysis
The top load cartoning machines market is analysed and market size insights and trends are provided by country, product type, capacity and end user as referenced above.
The countries covered in the top load cartoning machines market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Competitive Landscape
Major players across top loading cartoning machines market are focusing upon expanding their international footprint by acquiring domestic players in foreign countries:-
In October 2020, Mpac Group Plc acquired US based packaging firm named Switchback Group Inc., which is engaged in production of packaging machinery and automation solutions.
In May 2021, R.A Jones launched modernization options such as self-cleaning modules and air assist valves for its top loading cartoning machines.
Request Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-5751
Global Top Loading Cartoning Machines Market by Category
By Automation:
- Automatic Top Loading Cartoning Machine
- Semi-automatic Top Loading Cartoning Machine
By Capacity:
- Less than 70 CPM
- 71 to 150 CPM
- 151 to 400 CPM
- Above 400 CPM
By End Use Industry:
- Food
- Beverage
- Personal Care
- Healthcare
- Homecare
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- Japan
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com