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According to a new market research report published by Credence Research “Cartoning Machines Market– Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the overall cartoning machines market worldwide was valued at US$ 4.67 Bn in 2018 and is set to grow with 5.9% CAGR during the forecast period.Market Insights
Globalization has removed all barriers and increased transit distance and time for products. Cartons are protective packaging solutions which ensures safety of the product throughout the supply chain. In 2018, the global packaging industry was valued at more than US$ 800.0 Bn and increasing with more than 2.7% every year. Technological advancements such as design improvements, capacity expansion and automation are the major growth drivers for cartoning machines market. Proliferating food & beverages and healthcare sector is among the most significant factors supporting the cartoning machines market growth. As a result of, we are expecting high growth in the cartoning machines market during the forecast period.
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Based on end-use, food & beverages segment is the leader in cartoning machines market with more than 36% of the market share. Food & beverages segment is the leader due to growing FMCG market around the globe with more than 3.6% every year. In cartons the product is safe and easy to carry as compared with plastic bags and paper bags. Worldwide increase of exports for FMCG products is also driving the growth for cartoning machines market. The healthcare segment will grow with the highest CAGR during the forecast period on account of rising expenditure on healthcare and personal care products. Due to all these factors, food & beverages segment will continue leading the cartoning machines market throughout the forecast period.
Based on the geography, in 2018, Asia Pacific was the leader in cartoning machines market with more than 37% of the market share worldwide. India and China are expected to remain the growth engines for cartoning machines market in Asia Pacific. The region will grow substantially due to rise in packaging industry in the region. On account of extensive industrialization and growth in food and beverages sector in developing economies such as China and India, the Asia Pacific region will continue growing with high CAGR during the forecast period. Further, rise in e-commerce industry in the region is also driving the growth for cartoning machines. As a result of all these factors, we are expecting high growth in the region throughout the forecast period.
Major market players are focusing on strategies such as new product development to improve their market position. For example, in 2016, IWK Verpackungstechnik GmbH introduced world’s fastest cartoning machine which can make 1000 cartons per minute. Feature enhancement is expected to remain key strategy in the market in years to come. Some of the major companies profiled in the report include Econocorp Inc, Robert Bosch GmbH, ACG Worldwide, Pakmatic Company (PTY) LTD, Betti s.r.l., Bivans Corporation, Engelmann & Buckham Ltd., Molins Langen, Omori Machinery Co. Ltd., OPTIMA Packaging Group GmbH, IWK Verpackungstechnik GmbH, ROVEMA GmbH, IMA Industria Macchine Automatiche SpA and others.
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Report Scope by Segments
By Machine Type (2019–2027; US$ Bn)
Top-Load
End-Load
Wrap-Around
By Capacity (2019–2027; US$ Bn)
0- 70 CPM
70-150 CPM
150-400 CPM
More than 400 CPM
By Orientation (2019–2027; US$ Bn)
Horizontal
Vertical
By Dimensions (2019–2027; US$ Bn)
0-200 CM3
200-1000 CM3
1000-5000 CM3
5000-10000 CM3
More than 10000 CM3
By End-Use (2019–2027; US$ Bn)
Food & Beverage
Healthcare
Personal Care
Homecare
Electronics
ToC:
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
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3. Global Cartoning Machines Market Analysis
3.1. Global Cartoning Machines Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Challenges
3.3. Attractive Investment Proposition, By Geography, 2019
3.4. Market Positioning of Key Industry Participants
3.4.1. Major Strategies Adopted
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4. Global Cartoning Machines Market Value, By Machine Type , 2019 – 2027 (US$ Bn)
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5. Global Cartoning Machines Market Value, By Capacity , 2019 – 2027 (US$ Bn)
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6. Global Cartoning Machines Market Value, By Orientation , 2019 – 2027 (US$ Bn)
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7. Global Cartoning Machines Market Value, By Dimensions, 2019 – 2027 (US$ Bn)
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8. Global Cartoning Machines Market Value, By End-Use, 2019 – 2027 (US$ Bn)
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9. North America Cartoning Machines Market Analysis, 2019 – 2027 (US$ Bn)
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10. Europe Cartoning Machines Market Analysis, 2019 – 2027 (US$ Bn)
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11. Asia Pacific Cartoning Machines Market Analysis, 2019 – 2027 (US$ Bn)
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12. Rest of World Cartoning Machines Market Analysis, 2019 – 2027 (US$ Bn)
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13. Company Profiles
13.1. Econocorp Inc
13.2. Robert Bosch GmbH
13.3. ACG Worldwide
13.4. Pakmatic Company (PTY) LTD
13.5. Betti s.r.l.
13.6. Bivans Corporation
13.7. Engelmann & Buckham Ltd.
13.8. Molins Langen
13.9. Omori Machinery Co. Ltd.
13.10. OPTIMA Packaging Group GmbH
13.11. IWK Verpackungstechnik GmbH
13.12. Rovema GmbH
13.13. IMA Industria Macchine Automatiche SpA
............toc continued
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