February 27, 2020
Cartoning Machines

Cartoning Machines Market | Expansion in Industrialization Boost the Market

The global market for cartoning machines was valued at US$ 4.67 billion in 2018 and is set to grow at 5.9 per cent CAGR during the forecast period.

Globalization removed all barriers and increased transit distance and time for products. Cartons are protective packaging solutions that ensure the safety of the product throughout the supply chain. In 2018, the global packaging industry was valued at more than US$ 800.0 billion and increased by more than 2.7 per cent each year. Technological advancements such as design improvements, capacity expansion and automation are the main growth drivers for the cartoning machines market. Proliferating food & beverages and the healthcare sector are among the most important factors supporting the growth of the market for cartoning machines. As a result, we expect high growth in the market for cartoning machines during the forecast period.

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Based on end-use, the food & beverage segment is the market leader in carton machines with more than 36% of the market share. The Food & Beverages segment is a leader in the growing FMCG market around the globe with more than 3.6 per cent per year. In cartons, the product is safe and easy to carry compared to plastic bags and paper bags. The increase in exports of FMCG products worldwide is also driving the growth of the market for cartoning machines. 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, the food & beverage segment will continue to lead the market for cartoning machines throughout the forecast period.

Based on geography, Asia Pacific was the market leader in cartoning machines in 2018, accounting for more than 37% of the global market share. India and China are expected to remain the growth engines of the cartoning machines market in Asia Pacific. The region will grow substantially due to rise in packaging industry in the region. Due to the extensive industrialization and growth of the food and beverage sector in developing economies such as China and India, the Asia-Pacific region will continue to grow with a 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 expect high growth in the region throughout the forecast period.

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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.

Segmentation
Machine Type (2019–2027; US$ Bn)
• Top-Load
• End-Load
• Wrap-Around

Capacity (2019–2027; US$ Bn)
• 0- 70 CPM
• 70-150 CPM
• 150-400 CPM
• More than 400 CPM

Orientation (2019–2027; US$ Bn)
• Horizontal
• Vertical

Dimensions (2019–2027; US$ Bn)
• 0-200 CM3
• 200-1000 CM3
• 1000-5000 CM3
• 5000-10000 CM3
• More than 10000 CM3

End-Use (2019–2027; US$ Bn)
• Food & Beverage
• Healthcare
• Personal Care
• Homecare
• Electronics

Geography Segment (2019–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

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