The cartoning machines market is poised for significant growth, with the global market size projected to reach US$ 4,748.10 million by 2023. The cartoning machines are expected to witness a robust CAGR of 5% from 2023 to 2033. By 2033, the cartoning machines industry is anticipated to reach a valuation of US$ 7,734.15 million.
Innovating packaging solutions have been growing in demand in recent years. Furthermore, there is a high requirement for low-cost equipment. These are key drivers likely to support the market growth for cartoning machines.
There has been a switch in consumer preference for sturdy packaging, which is also recyclable, to combat environmental issues. Consumers are also looking for a more imaginative packaging arrangement. This is expected to contribute to the market expansion.
The healthcare industry requires robust storage solutions for clinical products. There has been an incredible demand for cartoning machines in the healthcare industry, accelerating the market share growth.
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The Unstoppable Rise of the Fast-growing FMCG Industry
The rise of the fast-moving consumer goods (FMCG) sector is propelled by a shift in customer behavior toward brand recognition and health-conscious food consumption. With the increase of their product line, the manufacturers are employing commercial distribution practices to grow globally.
Cartoners offer packing solutions that are as safe as possible. As small and medium-sized businesses evolve into large-scale industries, the use of cartooning equipment to transport FMCG items is increasing.
Market Growth Stifled: Analyzing the Role of Integrated Packaging Machine
Well-known manufacturers are creating improved machines by including wrapping, tagging, or palletizing features, making them more efficient by lowering operation time. It raises the total cost of production.
The climatic conditions’ imbalance impacts the operation of traditional equipment that folds and glues the carton. As a result, a cartoning machine’s unexpected failure causes wrinkling, carton tearing, or shredding, increasing the frequency of required maintenance. It is difficult for small and medium-sized equipment makers to include the high maintenance costs.
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Regional Outlook
Due to rising demand for novel packaging applications across industries such as food and beverage, Asia Pacific is expected to witness extensive CAGR. Countries like China and India are concentrating on novel technologies such as carton 4.0 and push-button switching technology to increase revenue. The development of e-commerce solutions is to blame for the rising demand.
Following Asia Pacific, North America is predicted to significantly increase the cartoning machine market share due to the presence of international manufacturers in the United States and Canada. When packaging the cartons, customer demand is taken into account.
Implementing Carton 4.0 in nations such as Germany, Italy, and others is expected to drive sustainable growth in Europe. Manufacturers focus on mergers and acquisitions with regional players to increase their European product line.
The Middle East, Africa, and Latin America are predicted to grow rapidly due to increased industrial investment, particularly in e-commerce. The growing population that expects well-packaged food with ingredient transparency is fueling market expansion.
Key Takeaways
- With an estimated revenue of 39.5%, Asia Pacific holds the leading share of the cartoning machines market.
- Europe may hold the second-leading portion of the cartoning machines industry in 2023, with a revenue share of 29%.
- North America has a 23% revenue growth in the cartoning machines business.
Competitive Landscape
The competition in the cartoning machines market is intense and dynamic. Key cartoning machine market players continuously innovate to offer advanced and efficient solutions. The cartoning machine manufacturers focus on integrating smart technology, ensuring flexibility, and meeting sustainability demands.
Cartoning machine manufacturers are vying to capture emerging markets, especially in Asia. Collaborative robotic systems and quick changeover capabilities have become differentiators for gaining a competitive edge. Overall, the market’s competitive landscape is driven by the pursuit of excellence in meeting diverse packaging requirements and addressing industry challenges.
Recent Developments
- Douglas Machine Inc. launched the ‘Axiom IM case packer’ in July 2019, with speeds of up to 34 cases per minute for packaging frozen food cartons.
In August 2018, the kliklok midrange endload cartoner was unveiled by Robert Bosch LLC. This state-of-the-art carton is designed to meet rigorous food safety standards while optimizing production efficiency. With an impressive capacity, it can pack up to 170 cartons per minute, ensuring maximum business output.
Key Segments
By Machine Type:
- Vertical
- Horizontal
By Packaging Material:
- Paperboard
- Corrugated Fiberboard
By End User:
- Food & Beverages
- Pharmaceuticals
- Cosmetics
- Personal Care
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
About Future Market Insights Inc. (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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