"Expansion in Industrialization to Boost the Cartoning Machines Market"

The cartoning machines market worldwide is expected to grow with a CAGR of 5.90% during the forecast period from 2019 to 2027, starting from US$ 4.67 Bn in 2018. Cartoning machines market is expected to witness high growth in the near future due to rise in food & beverages, healthcare and overall packaging industry worldwide. Cartons make products easier to stack, stored & presented and cartons are recyclable which makes them environment friendly. Rising packaged food market, increase in healthcare sector and rapid increase in e-commerce market are the major growth drivers for cartoning machines market. As a result of these factors, we are expecting high growth during the forecast period.

"End-Load Cartoning Machines to Continue as the Market Leader"

End-load cartoning machines segment holds the highest market share in the cartoning machines market with more than 40% of the market revenue, as of 2018. On account of high demand of end-load cartoning machines in food & beverages 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 are set them apart from other cartoning machines. As a result of these factors, we are expecting end-load cartoning machines segment to continue leading the market throughout the forecast period.

"Asia Pacific to Continue as the Market Leader"

In 2018, Asia Pacific is the leader in cartoning machines market with 1/3rd of the market share worldwide, followed by Europe and North America. On account of substantial growth of packaging machinery sector in China and India, the cartoning machines markets is growing in Asia Pacific region. High growth of food and beverages industry, e-commerce industry and healthcare industry in the 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 Asia Pacific region during the forecast period. On the other side, developed economies such as North America and Europe is expected to show sluggish growth during the forecast period due to matured 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.

Unique data points of this report

• Statistics on packaging industry worldwide
• Recent trends across different regions in terms of adoption of cartoning machines
• Notable developments going on in the cartoning machines industry
• Attractive investment proposition for cartoning machines segment as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cartoning Machines market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Cartoning Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Cartoning Machines market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Cartoning Machines market?
• Which is the largest regional market for Cartoning Machines market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Cartoning Machines market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Cartoning Machines market worldwide?