The market for Cartoning Machines Market is expected to reach US$ 4.67 Bn in 2027.
The cartoning machines market worldwide is expected to grow at a CAGR of 5.90% during the forecast period from 2019 to 2027, starting from US$ 4.67 Bn in 2018. The cartoning machines market is expected to witness high growth in the near future due to the rise in food and beverages, healthcare, and the overall packaging industry worldwide. Cartons make products easier to stack, store, and present, and cartons are recyclable, which makes them environmentally friendly. The rising packaged food market, increase in the healthcare sector, and rapid increase in the e-commerce market are the major growth drivers for the cartoning machines market. As a result of these factors, we are expecting high growth during the forecast period.
End-load cartoning machines hold the highest market share in the cartoning machines market, with more than 40% of the market's revenue as of 2018. On account of the high demand for end-load cartoning machines in the food and beverage packaging sector, the end-load segment is leading the market. Due to various features of end-load cartoning machines, such as higher cost-efficiency, flexibility, waste reduction, and others, they stand apart from other cartoning machines. As a result of these factors, we are expecting the end-load cartoning machines segment to continue leading the market throughout the forecast period.
In 2018, Asia Pacific was the leader in the cartoning machines market, with 1/3 of the market share worldwide, followed by Europe and North America. On account of the substantial growth of the packaging machinery sector in China and India, the markets for cartoning machines are growing in the Asia-Pacific region. The high growth of the food and beverage industry, the e-commerce industry, and the healthcare industry in developing economies are the major growth factors for the Asia Pacific region. As a result of all these factors, we are expecting high growth in the Asia-Pacific region during the forecast period. On the other side, developed economies such as North America and Europe are expected to show sluggish growth during the forecast period due to mature industries in the region.
Some of the prominent players operating in the cartoning machines market 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.
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
The cartoning machines market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global cartoning machines market based on machine type, capacity, orientation, dimensions, end-use, and geography.
The market for Cartoning Machines Market is expected to reach US$ 4.67 Bn in 2027.
The Cartoning Machines Market is expected to see significant CAGR growth over the coming years, at 5.90%.
The report is forecasted to 2019-2027.
The base year of this report is 2018.
Econocorp IncRobert Bosch GmbH,ACG Worldwide,Pakmatic Company (PTY) LTD,Betti s.r.l. are some of the major players in the global market.