Global end cartoning machine market expected to generate revenue of around USD 657 million by the end of 2024, growing at a CAGR of around 6.24% between 2018 and 2024. The rapid technological advancement coupled with innovation is expected to propel the growth of the market.
The report covers forecast and analysis for the end cartoning machine market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the end cartoning machine market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the end cartoning machine market on a global level.
In order to give the users of this report a comprehensive view on the end cartoning machine market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type, orientation, dimensions, and end-use segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies, according to the region.
The study provides a decisive view on the end cartoning machine market by segmenting the market based on product type, orientation, dimensions, end-use, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes demand for end cartoning machine market based on all segments in all the regions and countries.
The report also includes detailed profiles of end players such as ROVEMA GmbH, Molins Langen, Bosch Packaging Technology, IWK Verpackungstechnik GmbH, Omori Machinery Co., Ltd., ACG Worldwide Private Limited, Marchesini Group, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Douglas Machine Inc., and Shibuya Packaging System Corporation.
This report segments the global end cartoning machine market as follows:
Global End Cartoning Machine Market: Product Type Segment Analysis
Global End Cartoning Machine Market: Orientation Segment Analysis
Global End Cartoning Machine Market: Dimensions Segment Analysis
Global End Cartoning Machine Market: End-use Segment Analysis
Global End Cartoning Machine Market: Regional Segment Analysis
A cartoning machine or sometimes called as cartoner, is a type of machine that forms cartons. Cartons may be of different types. It can be side seamed, solid seamed, folded, erect, or close. There are basically of two types as per their orientation; horizontal cartoning machine and vertical cartoning machine. The horizontal cartoner selects one single piece from the stack of cartons and then it gives shape to the carton which can be erect or straight. The designed carton will eventually fill in a single product or a number of products horizontally with the help of an open end, and then the carton can be closed by tucking an end flap by putting on some glue or adhesive. The vertical cartoner helps in filling up the products vertically through an open end. After filling, it can be sealed in the same way, i.e., by applying some kind of glue or adhesive. A cartooning machine is generally used for packaging of items in various industries such as confectionery, food and beverage, pharmaceuticals, and others.
End cartoning machine market is experiencing significant progress in the developed as well as developing countries. The growth and development of the market are majorly driven by end-use industries such as food and beverage, pharmaceutical, and others. Manufacturers producing cartoning machines are making investments in cartoning machines to make it attractive. This is because the manufacturers want to enhance their brand visibility and brand loyalty by innovating new products. The growing demand for constant brand differentiation among organizations is the main factor that is accelerating the growth of the market. Moreover, technology has also put an upsurge in the growth of the market. Different technological features such as incorporation of QR codes, holographic pictures, RFID framework, Fresnel lenses, and other 3D gadgets have effectively helped in making cartons as a smart choice for packaging products. Additionally, manufacturers across the globe are desperately trying to incorporate non-destructive, lightweight, flexible, and fire retardant cartons. Also, these cartons will guarantee the safe transportation of the goods and products. Such factors are contributing to the end cartoning machine market growth over the forecast period.
Based on product type, the end cartoning machine market is segmented into less than 70 CPM, 70 CPM to 150 CPM, 150 CPM to 400 CPM, and more than 400 CPM. On the basis of orientation, the end cartoning machine market is categorized into horizontal and vertical. On the basis of dimensions, the market is fragmented into less than 200 CC; 200 CC to 1,000 CC; 1,000 CC to 5,000 CC; 5,000 CC to 10,000 CC, and more than 10,000 CC. Based on end-use, the market is segmented into food and beverage, healthcare, personal care, and others.
Europe registered the highest growth in the global end cartoning machine market in 2017. The region is probably to continue with its regional domination over the forecast period. The growth of this regional market is attributed to the rising demand of cartons and other packaging products from the end-user industries. Such factors are anticipated to further drive the industry growth in the region over the forecast period. Moreover, manufacturers in the packaging sector are similarly implementing touch-screen features to give comfort while opening and shutting the packages. Such innovations are going to open several opportunities for market growth. North America is predicted to have a substantial revenue share in the global end cartoning machine market. Manufacturers in cartoning industry are implementing robots which will help the packaging of items in a simple and flexible way. These are the factors which are expected to boost the growth and development of the global end cartoning machine market across the world.
Some of the industry players operating in the end cartoning machine market include ROVEMA GmbH, Molins Langen, Bosch Packaging Technology, IWK Verpackungstechnik GmbH, Omori Machinery Co., Ltd., ACG Worldwide Private Limited, Marchesini Group, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Douglas Machine Inc., and Shibuya Packaging System Corporation.
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