Global Cartoning Machines Market: Snapshot
The global cartoning machines market is experiencing growth on the back of evolution of packaging machinery. Design improvements and efforts for capacity expansion, automation, and quick change over that have been focus of manufacturers of packaging machines have been instrumental in evolution of cartoning machines as well. This is because introduction of innovative machines which is a part of branding and marketing strategy of cartoning machine manufacturers is helping these companies earn a brand name as well.
The expanding healthcare sector is also stoking growth of the global cartoning machines market. The need to transport and store a range of clinical products is providing opportunities to product manufacturers to develop specialized machines.
A report by Transparency Market Research (TMR) estimates the global cartoning machines market will expand at a CAGR of 5.1% between 2017 and 2025, for the market to become worth US$6.7 bn by 2025 end from US$4.3 bn in 2016.
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Food End-use Segment to Hold Leading Share through 2025
The segments of the cartoning machines market based on machine type include top-load machines, end-load or side-load machines, and wrap-around machines. Of them, end-load cartoning actions is likely to continue to remain attractive due to their widespread demand in the food industry for ease of stacking. However, wrap-around cartoning machines are likely to outpace other segments in terms of growth rate over the forecast period. This is because of aesthetic appeal of wrap-around cartons as well as better sealing properties than other carton types. On the other hand, high price factor of top-load cartoning machines is restraining the growth of this segment.
In terms of orientation, the key segments of the global cartoning market are vertical cartoning and horizontal cartoning machines. Currently, the horizontal cartoning machines segment leads the market due to its affordability ad higher flexibility to accommodate a range of carton sizes. The horizontal orientation is suitable for end-load cartons, whereas the vertical orientation is suitable for top-load cartons. The high demand for end-load cartons accounts for the dominance of horizontal orientation cartoning machines.
By end-use industry, the segments into which the global cartoning machines market has been classified is beverage, personal care, healthcare, homecare, food, and other industries. Of them, the food segment is likely to hold the leading 35.6% market share over the 2017-2025 forecast period. However, the healthcare segment is likely to outpace displaying the leading CAGR of 5.7% between 2017 and 2025.
Driven by China and India, Asia Pacific holds Dominant Share
The global cartoning machines market is segmented geographically into five key regions, namely North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific. Amongst all, Asia Pacific is estimated to hold the leading 38.5% market share in 2017. Going forward, the region is expected to gain in terms of market share due to substantial growth of packaging machinery industry in China and India.
North America cartoning machines market is likely to display a sluggish growth losing 240 basis points in market share between 2017 and 2025. The Europe cartoning machines market is likely to display tepid growth over the 2017-2025 forecast period.
Key players in the global cartoning machines market include Molins Langen, IMA Industria Macchine Automatiche SpA, Robert Bosch GmbH, Omori Machinery Co. Ltd. Tetra Pak International S.A., Marchesini Group, OPTIMA Packaging Group GmbH, IWK Verpackungstechnik GmbH, ROVEMA GmbH, Shibuya Packaging System Corpoartion, Cama Group, Triangle Package Machinery Co., Douglas Machine Inc., ACG Pampac Machines Private Limited, Econocorp Inc., PMI Cartoning Inc., Pakona Engineers Pvt Ltd., Korber Medipak Sysems North America Inc., Bradman Lake Group Ltd., Jacob White Packaging Ltd., and ADCO Manufacturing.
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Cartoning Machines Market to Rise Remarkably Owing to Increasing Demand from Healthcare Sector
There has been a significant demand for cartooning machines from the healthcare industry, further attributed to the need for storing a range of clinical products. This is likely to create lucrative growth opportunities for the global cartoning machines market. The worldwide cartoning machines market is encountering development on the rear of advancement of packaging apparatus. Plan enhancements and endeavors for limit extension, computerization, and snappy change over that have been focal point of makers of packaging machines have been instrumental in advancement of cartoning machines too. This is owing to the fact that presentation of imaginative machines is a piece of marketing and branding technique that cartoning machine producers is assisting these organizations with acquiring a brand name too.
Another key factor driving the cartoning machines market is the change in purchaser preference and interest for imaginative packaging arrangements. This is convincing packaging hardware producers to devise apparatus that can deal with colossal volume with insignificant human obstruction. By and by, the selection of inventive packaging arrangements is to a great extent reliant on speed of packaging with least mistakes and the one that includes least wastage of crude material.
The expanding medical services industry in a few pieces of the world is likewise emphatically affecting the worldwide cartoning machines market. The interest for a scope of packaging answers for transport and store clinical items is giving freedoms to cartoning machine producers to create particular machines. Nonetheless, the food business is at present the main end-use industry for cartoning machines market.
Some of the key companies functioning in the global market for cartoning machines market include Robert Bosch GmbH, Pakona Engineers Pvt Ltd., ADCO Manufacturing, ADCO Manufacturing, Triangle Package Machinery Co., Jacob White Packaging Ltd., Marchesini Group, Econocorp Inc., Omori Machinery Co. Ltd., IMA Industria Macchine Automatiche SpA, Bradman Lake Group Ltd., Molins Langen, Korber Medipak Sysems North America Inc., ROVEMA GmbH, OPTIMA Packaging Group GmbH, Tetra Pak International S.A., PMI Cartoning Inc., Shibuya Packaging System Corpoartion, Douglas Machine Inc., IWK Verpackungstechnik GmbH, ACG Pampac Machines Private Limited, Cama Group, and others.
