PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628894
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628894
Cartoning Machines Market size was valued at USD 3,515.8 Million in 2023, expanding at a CAGR of 4.60% from 2024 to 2032.
In order to package goods, cartoning machines are automated systems that build, fill, and seal cartons or boxes. They load products, fold flat cartons, and securely seal them to expedite the packing process. In a variety of industries, including food & pharmaceuticals, these machines are indispensable because they increase productivity, decrease manual labour, and guarantee constant packaging quality. The growing demand for cartoning machines in the global market is being supported by the logistics and e-commerce sectors. The expansion of the carton packaging market is being supported by the growing demand, especially in the FMCG sector. Furthermore, the market value is being further increased by the quickly expanding end-use industries, such as food and beverage (non-carbonated beverages, etc.) and pharmaceuticals in developing nations.
Cartoning Machines Market- Market Dynamics
Rising FMCG Sector Increases the Demand for Cartoning Machines
The market for cartoning machines is being driven by the expanding fast-moving consumer goods industry because it offers safe and effective packing services. This industry includes various goods, including food and drink, household goods, and personal care items, all of which need bulk carton packing. As a result, the development of the cartoning machine has helped to create huge volumes at a lower cost. The younger generation is looking for ease in everything and moving about a lot, which necessitates product packaging, which has a big impact on the industry's growth. These machines are the best answer to the need for high-speed packing of goods with fewer errors, increasing customer dependability. As the need for packaging increases, so does the need to improve product quality, which may be achieved with the use of machinery. For instance, in January 2024, JASA stated that Fruit Logistica in Berlin would be introducing the newest generation of vertical packaging equipment, called NXXT. Unlike other products on the market, it is made using distinctive packaging techniques.
Cartoning Machines Market- Key Insights
As per the analysis shared by our research analyst, the global Cartoning Machines Market is estimated to grow annually at a CAGR of around 4.60% over the forecast period (2024-2032)
Based on type segmentation, the vertical/top-load cartoning machine category was predicted to show maximum market share in the year 2023
Based on end-user segmentation, the food & beverage was the leading segment in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Cartoning Machines Market is segmented on the basis of Type, End-user, and Region.
Based on type, the market is segmented into two categories: Horizontal/End-Load Cartoning Machine and Vertical/Top-Load Cartoning Machine. The vertical/top-load cartoning machine category held the largest market share in 2023 due to the fact that these were the first pieces of machinery developed by the industry for the production of cartons. Additionally, there is a significant demand for them among industrial organizations due to their widespread use in food-related scenarios. Vertical packaging machines are also perfect for products that are sold by weight or volume. The loaded products are bonded according to the specifications. They are finally sent out for different operational objectives.
On the basis of end-user, the market is segregated into Food & Beverage, Consumer Goods, Healthcare & Pharmaceuticals, and Others. During the forecast period, the food & beverage category is anticipated to hold the largest share of revenue due to the reliability and efficiency of the cartoning product. For the purpose of lowering material usage and increasing shelf life, food manufacturers are constantly concentrating on developing sustainable packaging equipment. Furthermore, because trace and track technology is widely used in the healthcare industry to track the location of products during the packing process, this industry is anticipated to grow at the fastest rate in the cartoning machines market.
Cartoning Machines Market- Geographical Insights
Geographically, the Cartoning Machines Market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In 2023, Asia Pacific will have the most market share due to growing industrialization and rising consumer demand for better product packaging. The advent of automatic cartooning equipment enables a more precise focus on consumer demand due to the growing need for packaging in the food and pharmaceutical industries. The innovation and development of cartoning machines are significantly influenced by market actors. There is a great need for inexpensive carton packaging boxes made of different materials due to the growth of companies in countries like South Korea, China, Japan, India, and Thailand.
Throughout the projected period, Europe is predicted to increase at the fastest rate. The market for cartoning machines is boosted by the growing need to use cutting-edge technologies in the packaging industry. This market has been greatly impacted by the enormous increase in demand for product packaging patterns brought about by the growth of businesses in a variety of industries. Concerns regarding eco-friendly packaging are also raised by the government's funding and growing awareness campaigns on environmental issues. European nations that export packaged fish and other goods to many nations are seeing a significant increase in trade. In order to prevent product leaks, this export-import company requires appropriate packaging, which has increased demand for carton packaging and, in turn, for cartoning machines.
The market for cartoning machines is distinguished by the presence of several well-known companies such as Warade PackTech Private Limited, Creative Packaging System, Durva Machinery, Harikrushna Machines Private Limited, Jet Pack Machines Private Limited, and others. These businesses have a presence, a broad range of products, and a significant market share. Additionally, there are small to mid-sized competitors in the market that sell a restricted range of products, some of which are self-publishing companies. Major corporations in the market also have a big influence because most of them have vast networks that allow them to connect with their enormous customer bases. Key competitors in the market, especially in North America and Europe, are concentrating on strategic efforts like collaborations, acquisitions, and the launch of new collections in order to boost revenue growth and solidify their positions in the industry. For instance, in March 2023, Optima unveiled a sustainable travel pack that uses fibre-based, renewable materials for everyday personal hygiene. This innovative solution was made possible by their role as a technological partner and collaboration across the value chain. It is expected to boost the company's future profits through new technologies.
April 2024: IWK Packaging Systems declared the CH 4 Cartoner's release. It is a high-speed, more than 20% energy-saving solution for the pharmaceutical packaging boom.
March 2024: Automatic cartoning devices for packing single or multipack items in pre-glued cases with adhesive or tuck-in closure were introduced by DM Pack.
February 2021: For improved secondary packing, Syntegon's Sigpack TTMD combined Delta robot cells with the essential TTM platform technology. By precisely detecting objects on the infeed belt, the system's camera-based vision control enables Delta robots to pack and arrange them in a variety of containers, increasing packaging flexibility.