The global cartoning machines market is likely to grow at a CAGR of 5.1% during the assessment period 2017-2025 and surpass US$ 6.7 Bn in revenues. The growth of the market will depend on a range of factors, including broader developments in the food and beverage market, advances in packaging sector, and increasing emphasis on safe handling of medical equipment. These factors are likely to provide an impetus to the growth of the cartoning machines market during the assessment period. These insights are according to a new research report “Cartoning Machines Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” that has been added to the comprehensive repository of Market Research Hub (MRH).
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There are different types of cartoning machines available in the market. Among these, demand for end-load cartoning is likely to remain formidable on account of their preference in the food industry. End-load cartoning offers easy of stacking and has been traditionally used in the food industry. In addition to end-load cartoning, demand for wrap-around cartoning has also witnessed significant demand in the recent past. Wrap-around cartoning is functional and aesthetically pleasing, which has contributed to increasing its demand in the market.
On the basis of orientation, the cartoning machines available in the market include vertical cartoning and horizontal cartoning. Among these, the demand for horizontal cartoning is higher than vertical cartoning owing to its applicability in a wide range of product packaging. Further, horizontal cartoning is a highly preferred option in end-load cartoning, and high demand for the latter has accounted for higher demand for horizontal cartoning in the market.
Demand for cartoning machines is likely to remain significantly higher in the food segment, with this segment accounting for nearly 36% revenue share of the market. While the food segment will continue to remain dominant in terms of revenues, rising spate of applications in the healthcare sector are also likely to boost demand.
Asia Pacific excluding Japan (APEJ) is one of the leading markets for cartoning machines globally. The region is home of nearly 60% of the world’s population, and food manufacturers have been tasked with the challenging job of creating quality products that cater to a behemoth population. The growth in the food processing industry has created opportunities for cartoning machines manufacturers.
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The leading companies profiled in the report include Robert Bosch GmbH, Tetra Pak International S.A., Molins Langen, Marchesini Group, Shibuya Packaging System Corpoartion, Omori Machinery Co. Ltd. IMA Industria Macchine Automatiche SpA, IWK Verpackungstechnik GmbH, OPTIMA Packaging Group GmbH, ROVEMA GmbH, Cama Group, Triangle Package Machinery Co., Bradman Lake Group Ltd., ACG Pampac Machines Private Limited, Douglas Machine Inc., Econocorp Inc., Pakona Engineers Pvt Ltd., PMI Cartoning Inc., Jacob White Packaging Ltd.,Korber Medipak Sysems North America Inc., and ADCO Manufacturing.
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