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Cartoning Machines Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Horizontal, Vertical), By Application (Food & Beverage, Healthcare, Cosmetics, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061613036 | Pages:  127

Global cartoning machines market is expected to grow at a compound annual growth rate of 4.03% to reach a market size of US$4,912.438 million by 2024 from US$3,875.946 million in 2018.

Cartoning Machines refers to a type of packaging machines used for the purpose of forming cartons. These machines are suitable for packing products into boxes with automatic loading. Products can be loaded into the machine infeed manually by the operator or automatically by a mechanical unit. The demand for these machines is expected to expand on account of the growing use of carton packaging in various industries. Further, the growing FMCG industry along with the need to transport and store products is anticipated to drive the market for these machines. Additionally, rising of e-commerce industry along with logistics industry in few regions is projected to provide growth opportunities during the forecast period. The cartoning machines market has been segemented by machine type, end user and geography. In machine type segment the horizontal cartoning machine is expected to hold a significant market share, while the vertical cartoning machine is expected to witness a substantial growth. Furthermore, in the end user segment the food and healthcare sector are projected to witness a significant growth owing to the transportation and storage of food and clinical products.

Geographically, Asia-Pacific is anticipated to hold a dominant share of the cartoning machines market on account of the rising e-commerce and logistics industry. Europe and North America are also projected to witness a steady growth during the forecast period.

DRIVERS

  • Growing FMCG industry.
  • Rising use of carton packaging by various industries.

RESTRAINTS

  • High cost

Some of the major players profiled in the cartoning Machines market include Loesch Verpackungstechnik GmbH, Shibuya Corporation, Mpac Group plc, ADCO Manufacturing, Bradman Lake Group Ltd., Pakona Engineers Pvt Ltd., Jacob White Packaging Ltd., Engelmann & Buckham Ltd., EconoCorp Inc., and Robert Bosch Packaging Technology GmbH, among others.

Cartoning Machines Market Scope:

Report Metric Details
 Market size value in 2018  US$3,875.946 million
 Market size value in 2024  US$4,912.438 million
 Growth Rate  CAGR of 4.03% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Loesch Verpackungstechnik GmbH, Shibuya Corporation, Mpac Group plc, ADCO Manufacturing, Bradman Lake Group Ltd., Pakona Engineers Pvt Ltd., Jacob White Packaging Ltd., Engelmann & Buckham Ltd., EconoCorp Inc., Robert Bosch Packaging Technology GmbH, IMA Group
 Customization scope  Free report customization with purchase

 

Segmentation

The cartoning machines market has been analyzed through the following segments:

By Type

  • Horizontal Cartoning Machines
  • Vertical Cartoning Machines

By Application

  • Food & Beverage
  • Healthcare
  • Cosmetics
  • Others

By Geography

  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the cartoning machines market size by 2024?
A1. The global cartoning machines market is expected to reach a total market size of US$4,912.438 million in 2024.
 
Q2. What are the growth prospects for cartoning machines market?
A2. The cartoning machines market is expected to grow at a CAGR of 4.03% during the forecast period.
 
Q3. What is the size of global cartoning machines market?
A3. Cartoning Machines market was valued at US$3,875.946 million in 2018.
 
Q4. What factors are anticipated to drive the cartoning machines market growth?
A4. The demand for these machines is expected to expand on account of the growing use of carton packaging in various industries.
 
Q5. Which region holds the largest market share in the global cartoning machines market?
A5. Geographically, Asia-Pacific is anticipated to hold a dominant share of the cartoning machines market on account of the rising e-commerce and logistics industry.

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