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The global cartoning machines market size was USD 2.26 billion in 2019 and is projected to reach USD 3.02 billion by 2027, exhibiting a CAGR of 3.8% during the forecast period.
A cartoner refers to a packaging machine that forms cartons for storing products inside the carton, either manually or automatically, and then folding or sealing the carton with glue for further transportation process.
Integrating the overall equipment effectiveness (OEE) enhancements with the adoption of turnkey solutions is a growing trend. The manufacturers are focusing on technological developments owing to, the increased market demand for innovative and lightweight cartons. For instance, in January 2020, Marchesini Group S.p.A. introduced a reliable horizontal machine that can be adjusted according to product width and is equipped with a digital indicator.
However, federal regulations in the United States and in other countries governing the norms for safe handling instructions for cartons may cause hindrance to the cartoners machine market growth in the forecast period.
High Demand for Food & Beverage Cartons amid COVID-19 to Benefit the Market
The COVID-19 pandemic has had an unprecedented impact on the global economy since the first case was reported in China in December 2019. The cartoning machines market growth is also expected to get moderately impacted by this pandemic. This is owing to the exceeded demand for healthcare & pharmaceuticals equipment and food wrapping cartons in this unprecedented time across the globe. The transportation of healthcare & pharmaceuticals products has generated the need for extra cartons, which complements the growth of the market.
Prominent players have manufacturing plants in Europe, the U.S., and China, where the impact has been disruptive. However, the governmental bodies across these countries have implemented new counter-measures that will positively impact the cartoning processes. For instance, in March 2020, the Italian government announced measures to work efficiently in the manufacturing industries. Cartoning machine manufacturers including Cama 1 S.p.A. are operating at full capacity and following the health standards set up by the World Organization of Health (WHO) and the Ministry of Health in Italy.
Additionally, manufacturers such as Marchesini Group S.p.A., Jacob White Packaging Ltd., and others have reinforced technologies including augmented reality, 3D animation tools, and digital mobility tools to avoid physical contact as much as possible. This is complementing the rising demand for cartoning machines even in the on-going pandemic situation.
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Introduction of Turnkey Solutions and Customized Machinery to Influence Market Growth
Developing the turnkey solutions by integrating the OEE enhancements is a growing trend in this market owing to the smooth streamlined production flow and increased carton speed/minute. OEE enhancements came into picture when the turnkey solutions were integrated with the packaging equipment to eliminate solvents and reduce packaging waste. This ultimately increased the sustainability of packaging solutions primarily for the healthcare & pharmaceutical industries. Carton 4.0 is supporting the turnkey technology as robotic integration increases the speed and efficiency of sealing the maximum number of cartons per minute.
Fast Growing FMCG Sector is Positively Impacting the Market
The growth of the fast-moving consumer goods (FMCG) sector is fueled by the shifting of consumer behavior towards brand awareness and health-conscious food consumption. With the expansion of their product portfolio, the players are implementing business distribution practices to grow globally. Moreover, cartoners provide packaging solutions with maximum safety. Furthermore, increasing utilization of cartoning equipment to transport FMCG goods, owing to the expansion of small and medium enterprises to large-scale industries is augmenting this market growth.
Availability of Integrated Packaging Machines is Restraining Market Growth
Well-established manufacturers are developing advanced machines by integrating them with wrapping, coding, or palletizing capabilities, making them more efficient by reducing the operation time. However, it increases the overall production cost. Additionally, the imbalance of climatic conditions is adversely affecting the working operation of traditional machines as they deal with folding and sealing the carton with glue. As a result, the sudden breakdown of a cartoning machine results in wrinkling, carton tearing, or shredding, which increases the frequency of required maintenance. Small and medium-sized machine manufacturers find it difficult to incorporate the excessive maintenance cost.
Horizontal Cartoning Machine to Grow at Higher CAGR
Based on type, the market is categorized into horizontal and vertical cartoning machines. The horizontal machine category is expected to witness the highest growth, owing to its affordability and flexibility to accommodate a wide range of cartons concerning product width. Multiple products can be loaded through the open end of the carton by manual pushing or by utilizing an automatic cam barrel loader. On the other hand, vertical machines are suitable for packaging the products that are sold by weight or volume. The loaded products are glued, depending on the requirements. The finished carton is then discharged to downstream operations. Therefore, the horizontal machine segment is expected to have the highest CAGR during the forecast period.
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Food & Beverage Industry to Witness Highest Market Share
Based on end-use industry, the market is divided into food & beverage, healthcare & pharmaceuticals, and consumer goods. The highest market share is held by the food & beverage industry owing to reliability and product efficiency of food and beverage products. The healthcare & pharmaceutical segment is anticipated to witness the highest CAGR on account of the implementation of track and trace technology that allows the tracing the location of the product in the packaging process. The consumer goods industry is expected to witness substantial growth, owing to the customers' demand for customized packaging.
Asia Pacific Cartoning Machines Market Size, 2019 (USD Million)
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Revenue generated across Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America is considerably increasing.
Asia Pacific is anticipated to witness the highest CAGR in the near future owing to the increased demand for innovative packaging applications across industries including food & beverage and others. Countries such as China and India are focusing on innovative technologies such as carton 4.0 and push-button changeover technology to attract more revenue. Moreover, the increasing demand is attributable to rise in e-commerce solutions in the region.
Following Asia Pacific, North America is expected to witness substantial growth in the cartoning machines market share due to the presence of international manufacturers in the United States and Canada. Moreover, customer demand is also taken into consideration while packaging the cartons.
Europe is anticipated to experience steady growth as a result of the adoption of carton 4.0 in countries such as Germany, Italy, and others. The manufacturers are focusing on mergers and acquisitions with regional players to expand their product portfolio in Europe. For instance, in Italy, in May 2018, Marchesini Group S.p.A. acquired 80% of Creinox to broaden its product portfolio for the food & beverage, cosmetics, and pharmaceutical industries.
The Middle East & Africa and Latin America are expected to grow exponentially, owing to rising industrial investment, especially in the e-commerce sector. Moreover, the emerging population that demands well-packaged food with ingredients awareness is also propelling market growth.
An Infographic Representation of Cartoning Machines Market
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The cartoning machines market research report provides a detailed analysis of the global market and focuses on key aspects such as leading companies, product/service types, and leading end-use industries of the product. Besides this, the report offers insights into the market trends and highlights the key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the growth rate in the recent years.
Value (USD Billion)
By End-Use Industry
Fortune Business Insights says that the market stood at USD 2.17 billion in 2018.
In 2026, the global market is expected to be valued at USD 2.83 billion.
The global market is set to exhibit a compound annual growth rate (CAGR) of 3.4% during the forecast period (2019-2026).
Asia Pacific is anticipated to be the dominant region and was valued at USD 0.84 billion in 2018.
In the end-use industry criterion, the healthcare & pharmaceuticals sub-segment is expected to witness the highest CAGR during the forecast period.
Cartoning machines with a turnkey solution and overall equipment effectiveness (OEE) enhancements are the current market trends.
The fast-growing FMCG sector is the key driver of the market.
Robert Bosch LLC, Marchesini Group, Jacob White Packaging, Econocorp Inc. Group are the top players in the market.
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