Projected to approach a value of nearly US$ 1.1 billion in 2023, the box and carton overwrapping machines market is poised for growth, with an expected Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2033. Anticipations suggest that by the conclusion of 2033, the global market for box and carton overwrapping machines is likely to surpass the US$ 1.6 billion mark.
The main cause of the shift in growth rate is that box and carton overwrapping machines are effective at wrapping cartons and boxes of many shapes, including cylinder, cubic, and cuboidal, among others.
Future Market Insights highlights Western Europe as a rapidly expanding market for box and carton overwrapping equipment. The surge in demand for visually appealing and eco-friendly packaging across various industries is particularly driving growth in the United Kingdom.
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Projections suggest that Western Europe is poised to contribute over 27% of the global revenue share in the box and carton overwrapping machines market. The growing prominence of manufacturing and packaging industries in the United Kingdom is anticipated to significantly boost the demand for box and carton overwrapping devices. This underscores the region’s commitment to embracing innovative packaging solutions that align with both aesthetic preferences and sustainability goals. As a result, Western Europe, with a focus on the UK, emerges as a pivotal hub for the expansion of the box and carton overwrapping equipment market.
Market Drivers-
Certainly! Here are some key market drivers for the Box and Carton Overwrapping Machines market:
- Growing Packaging Industry: The packaging industry, driven by consumer demand for convenience and product safety, has led to increased adoption of overwrapping machines in the packaging process.
- Product Protection: Overwrapping machines provide an additional layer of protection to products, preventing tampering, contamination, and damage during storage and transportation.
- E-commerce Boom: The surge in e-commerce sales has created a need for efficient and aesthetically pleasing packaging. Overwrapping machines are vital for creating appealing and secure packages for online retail.
- Cosmetics and Personal Care Industry: High-end packaging is crucial in the cosmetics and personal care sector. Overwrapping machines are used to enhance product presentation and brand image, driving their adoption in this industry.
- Food and Beverage Packaging: Overwrapping machines are integral to food and beverage packaging, ensuring product freshness, tamper-evidence, and attractive presentation.
- Pharmaceutical and Healthcare Packaging: Stringent regulations in the pharmaceutical and healthcare sectors make overwrapping machines essential for meeting safety and compliance standards.
Box and Carton Overwrapping Machines Market: Competitive Landscape
- Focke & Co. (GmbH & Co. KG),
- ULMA Packaging, S.Coop.,
- Marden Edwards Ltd.,
- Sollas Holland BV,
- ProMach, Inc.,
- Wega Electronics sp. z.o.o.,
- I.M.A. Industria Macchine Automatiche SpA,
- Minipack International Pty Ltd.,
- Chie Mei Enterprise Co., Ltd.,
- Tenchi Sangyo & Tenchi Kikai Co.,Ltd.,
- JET Pack Machines Pvt. Ltd.,
- Aetnagroup S.p.A., and
- Heino Ilsemann GmbH
- among others.
Box and Carton Overwrapping Machines Market: Global Trends and Forecasts
The Box and Carton Overwrapping Machines Market is witnessing significant growth, driven by increased demand for efficient and aesthetically appealing packaging solutions. LSI Keywords: Global Overwrapping Machines Market Trends, Market Forecasts for Overwrapping Machines.
- E-Commerce Boom: The rise of e-commerce has propelled the demand for overwrapping machines, as businesses focus on secure and visually appealing packaging to create a memorable unboxing experience.
- Pharmaceutical Sector Expansion: The pharmaceutical industry’s expansion has increased the demand for tamper-evident and protective packaging, fueling the adoption of overwrapping machines.
- Food Safety Regulations: Stringent food safety regulations have prompted food manufacturers to invest in reliable overwrapping solutions to ensure product integrity and compliance.
- Sustainable Packaging Initiatives: Consumer awareness about environmental sustainability has driven the adoption of eco-friendly overwrapping materials and machines.
Recent Development:
- Scholle IPN, a major supplier of flexible packaging solutions, announced its acquisition by SIG, a world-leading aseptic carton packaging company, in February 2022. The organisations committed to collaborate in order to give clients and end users with cost-effective, safe, and sustainable packaging solutions.
- SIG, a pioneer in aseptic carton packaging innovation and technology, announced the release of SIG NEO, a fresh advancement in filling technology, in November 2021. At a pace of up to 18,000 packs per hour, SIG NEO is regarded as the quickest filling machine for family size carton packs in the world.
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Box and Carton Overwrapping Machines Market by Category
By Product:
- Manual
- Semi-Automatic
- Automatic Machines
By End Use:
- Food
- Beverage
- Healthcare
- Personal Care and Cosmetics
- Industrial Packaging
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- MEA
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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