Cartoning Machines Market: Industry Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Product, Application and Region.
Cartoning Machines Market was valued at US$ 3.82 Bn. in 2022. Cartoning Machines Market size is estimated to grow at a CAGR of 6% over the forecast period.
Format : PDF | Report ID : SMR_473
Cartoning Machines Market Definition:
A Cartoning machine that chooses a single piece from a stack of folded cartons and erects it, fills it horizontally with a product or bag of items or quantity of products, then seals it by tucking the carton's end flaps or adding glue or adhesive.
Cartoning Machines Market Dynamics:
Changes in brand awareness and customer behaviour toward health-conscious food consumption are driving the rise of the FMCG sector. Players are employing business techniques to grow globally as their product portfolio expands, resulting in increased demand for Cartoning machines. As SMEs expand into larger industries, the increased use of carton machines to transport FMCG is fueling the growth of this cartoning machines market.
Globalization is a major driver of the cartoning machines market since it allows for the transportation of a variety of goods and services from one country to another. Increased economic and business ties between the two countries as a result of globalisation and government rules governing products transit and packaging. These elements are propelling the product's market expansion.
The carton machine market is being driven by rising demand for low-cost equipment. To reduce material usage and improve shelf life, food makers are increasingly turning to sustainable packaging machinery. Through the forecast period, this is expected to fuel the growth of the cartoning machines market.
Cartoning machines are likely to open up new prospects as a result of increased penetration of important players in emerging countries such as India and Thailand, as well as new entrepreneurship and import/export Company.
In the Cartoning machines market, major trends include vision systems and integrated barcode systems. The adoption of robotics is the most recent trend in the Cartoning machine industry. The use of robots in the manufacturing business results in better, faster, and more cost-effective procedures. Human abilities such as memory, sensor technology, and object identification are being replaced by robots.
Carton 4.0 encourages turnkey technology since robot integration boosts speed and efficiency when closing the most cartons per minute. Due to smooth and streamlined production flows and increasing corrugated board speeds/minute, the development of turnkey solutions incorporating OEE improvements is on the rise in this industry. Integration of turnkey solutions into packaging operations, the elimination of solvents, and the reduction of packaging waste all improved OEE. This has increased packaging solutions' long-term viability, particularly in the health and pharmaceutical industries.
Climate change has an adverse effect on the operation of traditional equipment that fold the box and glue it shut. When a carton machine fails unexpectedly, the carton may collapse, split, or shred, necessitating more frequent repair. Excessive maintenance expenses are tough for small and medium-sized equipment manufacturers to consider. To reduce downtime and boost productivity, established manufacturers are building new equipment that integrate with packaging, coding, or palletizing capabilities. It raises the overall cost of production.
Cartoning Machines Market Segment Analysis:
By Type, End Load Machines dominated the cartoning machines market with 58% in 2020. Because of its affordability and flexibility to handle a wide range of cartons in terms of product width, it is predicted to increase the most in terms of product width. By pressing manually or utilising the automatic cam drum loader, the consumer can load various products from the open end of the carton.
Through the forecast period, Top Load Machines are expected to grow at a CAGR of 4.12 %. These are ideal for packaging products that are sold by the pound or by the litre. The loaded products will be glued according to the preferences of the customers. The finished box will be delivered to a downstream business. These elements are expected to boost the segment's growth in the succeeding years.
By Application, Food and Beverage segment dominated the cartoning machines market with a 43 % share in 2020. Food and beverage sector growth, customer demand for packaged goods, e-commerce growth, food and beverage product reliability, and product efficiency These reasons are propelling the segment's expansion in the market.
Through the forecast period, healthcare and pharmaceuticals are expected to grow at a CAGR of 10%. Implementation of track-and-trace technology, which allows the product's whereabouts in the packaging process to be tracked. The requirement to store a variety of healthcare products and plan enhancements, as well as efforts for limit extension, computerization, and the selection of imaginative packaging arrangements, are all heavily dependent on the speed of packing with the fewest errors and the least waste of raw material.
Cartoning Machines Market Regional Insights:
In 2020, Asia Pacific dominated the market with a 39 % share. In this region, demand for novel packaging solutions is increasing across all industries, including food and beverage. The rise in demand for novel technologies such as Carton 4.0 and push-button change technology in nations like China and India is attributed to an increase in e-commerce solutions in the region. These factors are propelling the APAC cartoning machines market.
Through the forecast period, Europe is expected to grow at a CAGR of 4%. Manufacturers rely on mergers and acquisitions with local players to extend their product offering in Europe with the advent of Carton 4.0 in Germany and Italy.
Key Players Insights:
The cartoning machines market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in Europe and North America, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Cartoning Machines market to the stakeholders in the industry. The report provides trends that are most dominant in the Cartoning Machines market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Cartoning Machines market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Cartoning Machines market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Cartoning Machines market. The report also analyses if the Cartoning Machines market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Cartoning Machines market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Cartoning Machines market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the market is aided by legal factors.
Cartoning Machines Market Scope:
Cartoning Machines Market Scope
Market Size in 2022
USD 3.82 Bn.
Market Size in 2029
USD 5.74 Bn.
North America- United States, Canada, and Mexico
Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe
Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa
South America – Brazil, Argentina, Rest of South America
CARTONING MACHINES MARKET KEY PLAYERS:
- Marchesini Group S.p.A.
- Jacob White Packaging Ltd.
- Robert Bosch LLC
- Econocorp Inc.
- Langley Holdings PLC
- Bivans Corporation
- PMR Packaging Inc.
- Packaging Equipment Inc.
- Mpac Group plc
- IWK Verpackungstechnik GmbH
- Douglas Machine Inc.
- Cama 1 S.P.A.
- OPTIMA packaging group GmbH
- Kyoto Seisakusho Co., Ltd.
- Coesia S.p.A.
Frequently Asked Questions
The segments covered in the Cartoning Machines Market report are based on Product and Application.
Asia Pacific region is expected to hold the highest share in the Cartoning Machines Market.
The market size of the Cartoning Machines Market by 2029 is expected to reach US$ 5.74 Bn.
The forecast period for the Cartoning Machines Market is 2023-2029.
The market size of the Cartoning Machines Market in 2022 was valued at US$ 3.82 Bn.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.2.Global Cartoning Machines Market: Target Audience
2.3.Global Cartoning Machines Market: Primary Research (As per Client Requirement)
2.4.Global Cartoning Machines Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1.Market Share Analysis, By Region, 2022-2029(In %)
4.1.1.North America Market Share Analysis, By Value, 2022-2029 (In %)
4.1.2.Europe Market Share Analysis, By Value, 2022-2029 (In %)
4.1.3.Asia Pacific Market Share Analysis, By Value, 2022-2029 (In %)
4.1.4.South America Market Share Analysis, By Value, 2022-2029 (In %)
4.1.5.Middle East and Africa Market Share Analysis, By Value, 2022-2029 (In %)
4.2. Market Dynamics
4.2.6.PORTERS Five Force Analysis
4.2.7.Value Chain Analysis
4.3. Global Cartoning Machines Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.3.1.Global Market Share Analysis, By Product, 2022-2029 (Value US$ MN)
4.3.2.Global Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
184.108.40.206.Food & Beverage
220.127.116.11.Healthcare & Pharmaceuticals
4.4. North America Cartoning Machines Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.4.1.North America Market Share Analysis, By Product, 2022-2029 (Value US$ MN)
4.4.2. North America Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
18.104.22.168.Food & Beverage
22.214.171.124.Healthcare & Pharmaceuticals
4.4.3. North America Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
4.5. Europe Cartoning Machines Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.5.1.Europe Market Share Analysis, By Product, 2022-2029 (Value US$ MN)
4.5.2.Europe Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
4.5.3.Europe Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
126.96.36.199.Rest Of Europe
4.6. Asia Pacific Cartoning Machines Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.6.1.Asia Pacific Market Share Analysis, By Product, 2022-2029 (Value US$ MN)
4.6.2.Asia Pacific Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
4.6.3.Asia Pacific Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
188.8.131.52.Rest Of APAC
4.7. South America Cartoning Machines Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.7.1.South America Market Share Analysis, By Product, 2022-2029 (Value US$ MN)
4.7.2.South America Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
4.7.3.South America Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
184.108.40.206.Rest Of South America
4.8. Middle East and Africa Cartoning Machines Market Segmentation Analysis, 2022-2029 (Value US$ MN)
4.8.1.Middle East and Africa Market Share Analysis, By Product, 2022-2029 (Value US$ MN)
4.8.2.Middle East and Africa Market Share Analysis, By Application, 2022-2029 (Value US$ MN)
4.8.3.Middle East and Africa Market Share Analysis, By Country, 2022-2029 (Value US$ MN)
220.127.116.11.Rest Of ME&A
Chapter 5 Stellar Competition Matrix
5.1.Global Stellar Competition Matrix
5.2.North America Stellar Competition Matrix
5.3.Europe Stellar Competition Matrix
5.4.Asia Pacific Stellar Competition Matrix
5.5.South America Stellar Competition Matrix
5.6.Middle East and Africa Stellar Competition Matrix
5.7.Key Players Benchmarking
5.7.1.Key Players Benchmarking By Product, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
5.8.Mergers and Acquisitions in Industry
5.8.1.M&A by Region, Value and Strategic Intent
Chapter 6 Company Profiles
6.1.1.Marchesini Group S.p.A
6.1.2.Jacob White Packaging Ltd.
6.1.3.Robert Bosch LLC
6.1.5.Langley Holdings PLC
6.1.7.PMR Packaging Inc.
6.1.8.Packaging Equipment Inc.
6.1.9.Mpac Group plc
6.1.10.IWK Verpackungstechnik GmbH
6.1.11.Douglas Machine Inc.
6.1.12.Cama 1 S.P.A.
6.1.14.OPTIMA packaging group GmbH
6.1.15.Kyoto Seisakusho Co., Ltd.