The global beverage cartoners market is anticipated to reach a valuation of USD 742.3 million in 2023, driven by expanding beverage industry. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.9% between 2023 and 2033, and reaching a total valuation of approximately USD 1.1 billion by 2033.
One of the primary factors contributing to the growth of the beverage cartoners market is the growing consumer preference for convenience. Consumers today lead fast-paced lifestyles and seek on-the-go and easily accessible beverage options. Beverage cartoners cater to this trend by offering packaging solutions that are lightweight, portable, and easy to handle. The cartons are designed with features like resealable closures and single-serve portions, providing convenience and flexibility to consumers.
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A significant factor contributing to market growth is the focus on sustainability. Consumers are actively seeking eco-friendly packaging options, with increasing environmental concerns. Beverage cartons, made from renewable and recyclable materials such as paperboard and bioplastics, align with the growing demand for sustainable packaging. The cartons reduce the use of plastic and minimize the carbon footprint, making them an attractive choice for environmentally conscious consumers.
Another factor driving the growth of the beverage cartoners market is the advancements in cartoning machinery. Manufacturers are investing in technologically advanced cartoners that offer higher production speeds, improved automation, and greater flexibility.
The machines can handle a wide range of carton sizes and shapes, allowing beverage companies to cater to diverse customer preferences and product variations. The efficient and reliable performance of modern cartoning machinery contributes to increased productivity, reduced downtime, and enhanced overall packaging quality.
Key Takeaways from the Market Study
- Global beverage cartoners market was valued at USD 707.7 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.5%.
- The United States is expected to hold a dominant CAGR of 4.8% during the forecast period.
- By product type, the Brick carton machine segment is expected to constitute a CAGR of 4.8% in 2033.
- On the basis of end-use application, the alcoholic beverages segment is expected to dominate the market with a CAGR of 4.7% in 2033.
- From 2023 to 2033, beverage cartoners market is expected to flourish at a CAGR of 4.9%.
- By 2033, the market value of beverage cartoners is expected to reach USD 1.1 billion.
Competitive Landscape
Key competitors in the beverage cartoners market are heavily focused on increasing profits from their present product portfolios while also researching potential new applications. The players are focusing on improving their beverage cartoner manufacturing capacity in order to meet demand from a wide range of end use industries. Prominent players are also seeking for geographical growth to reduce reliance on imported beverage cartoners.
Recent Developments
- Econocorp Inc. introduced the CartonXpress™ CX1200 cartoning machine for the beverage sector in 2023. It is totally automatic. The CX1200 provides high-speed operation, easy integration into existing production lines, and carton type versatility, allowing beverage makers to increase productivity while meeting market expectations.
- The same year, ProMach introduced the Brenton C-Series, a line of cartoning machines designed for the beverage packaging market. The Brenton C-Series includes configurable carton handling, high-speed operation, and advanced automation features, allowing beverage makers to increase productivity and streamline packaging processes.
Key Players
Tetra Pak; SIG Combibloc Group, Inc.; Krones AG; Econocorp, Inc.; RA Jones & Co. Inc.; Elopak AS; Gerhard Schubert; Langley Holdings plc; KHS Group; GPI Equipment; Visy Industries Holdings Pty Ltd; Shanghai Joylong Industry Co. Ltd.; Jacob White Packaging Ltd.; Syntegon Technology GmbH
Key Segments Profiled In The Global Beverage Cartoners Market
Beverage Cartoners Market by Product Type:
- Brick Carton Machines
- Gable Top Machines
Beverage Cartoners Market by Output Capacity:
- Below 9,000 Packages/Hr
- 9,000-12,000 Packages/Hr
- 12,000-24,000 Packages/Hr
- Above 24,000 Packages/Hr
Beverage Cartoners Market by End-use Application:
- Fruit Juices
- Dairy Products
- RTD Tea & Coffee
- Carbonated Soda
- Water
- Alcoholic Beverages
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
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