The global wrap around cartoners market is projected to experience robust growth, with an estimated market value of USD 1,561.1 million in 2024 and an anticipated reach of USD 2,017.9 million by 2034. This growth reflects a steady CAGR of 2.6% during the forecast period. The market’s expansion is fueled by increasing demand for high-speed, efficient packaging solutions across various industries, as well as the rising preference for recyclable and sustainable packaging materials.
Wrap around cartoners play a vital role in the packaging industry, offering efficient solutions for cartoning various products, including bottles, cans, pouches, and more. These machines are designed to fold and seal cartons around products, providing secure and aesthetically pleasing packaging for retail display and distribution.
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Key factors driving the growth of the wrap around cartoners market include:
1. Design Improvements and Capacity Expansion: Manufacturers are focusing on enhancing the design and capabilities of wrap around cartoners to improve performance and productivity. These advancements include innovations in carton forming, product feeding, sealing mechanisms, and control systems, enabling higher throughput and efficiency.
2. Quick Changeover and Flexibility: With the rise of customization and shorter product life cycles, manufacturers require packaging machinery that can quickly adapt to changing production requirements. Wrap around cartoners with modular designs and tool-less changeover features offer greater flexibility and agility in responding to market demands.
3. Automation and Industry 4.0 Integration: The integration of automation technologies and Industry 4.0 principles into wrap around cartoners is driving efficiency gains and cost savings for manufacturers. Automated carton loading, precision control systems, and remote monitoring capabilities enable smoother operation, reduced downtime, and improved overall equipment effectiveness (OEE).
Key Wrap Around Cartoners Market Takeaways and Projections
- The U.S. is expected to lead the North America Wrap Around Cartoners market, projecting the fastest growth in the region between 2021 and 2031
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.
Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Wrap Around Cartoners market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Wrap Around Cartoners market for the forecast period 2021-2031.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Wrap Around Cartoners for the assessment period. As per the study, the demand for Wrap Around Cartoners will grow at a robust CAGR between 2021 and 2031.
- Market Trend Analysis: The latest study by FMI on the Wrap Around Cartoners market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Wrap Around Cartoners market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Key Segments:
By Capacity:
- Upto 70 CPM
- 70 to 150 CPM
- 150 to 400 CPM
- Above 400 CPM
By Orientation:
- Horizontal
- Vertical
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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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