Global Cartoning Machines Market: Snapshot
The global cartoning machines market is experiencing growth on the back of evolution of packaging machinery. Design improvements and efforts for capacity expansion, automation, and quick change over that have been focus of manufacturers of packaging machines have been instrumental in evolution of cartoning machines as well. This is because introduction of innovative machines which is a part of branding and marketing strategy of cartoning machine manufacturers is helping these companies earn a brand name as well.
The expanding healthcare sector is also stoking growth of the global cartoning machines market. The need to transport and store a range of clinical products is providing opportunities to product manufacturers to develop specialized machines.
A report by Transparency Market Research (TMR) estimates the global cartoning machines market will expand at a CAGR of 5.1% between 2017 and 2025, for the market to become worth US$6.7 bn by 2025 end from US$4.3 bn in 2016.
Food End-use Segment to Hold Leading Share through 2025
The segments of the cartoning machines market based on machine type include top-load machines, end-load or side-load machines, and wrap-around machines. Of them, end-load cartoning actions is likely to continue to remain attractive due to their widespread demand in the food industry for ease of stacking. However, wrap-around cartoning machines are likely to outpace other segments in terms of growth rate over the forecast period. This is because of aesthetic appeal of wrap-around cartons as well as better sealing properties than other carton types. On the other hand, high price factor of top-load cartoning machines is restraining the growth of this segment.
In terms of orientation, the key segments of the global cartoning market are vertical cartoning and horizontal cartoning machines. Currently, the horizontal cartoning machines segment leads the market due to its affordability ad higher flexibility to accommodate a range of carton sizes. The horizontal orientation is suitable for end-load cartons, whereas the vertical orientation is suitable for top-load cartons. The high demand for end-load cartons accounts for the dominance of horizontal orientation cartoning machines.
By end-use industry, the segments into which the global cartoning machines market has been classified is beverage, personal care, healthcare, homecare, food, and other industries. Of them, the food segment is likely to hold the leading 35.6% market share over the 2017-2025 forecast period. However, the healthcare segment is likely to outpace displaying the leading CAGR of 5.7% between 2017 and 2025.
Driven by China and India, Asia Pacific holds Dominant Share
The global cartoning machines market is segmented geographically into five key regions, namely North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific. Amongst all, Asia Pacific is estimated to hold the leading 38.5% market share in 2017. Going forward, the region is expected to gain in terms of market share due to substantial growth of packaging machinery industry in China and India.
North America cartoning machines market is likely to display a sluggish growth losing 240 basis points in market share between 2017 and 2025. The Europe cartoning machines market is likely to display tepid growth over the 2017-2025 forecast period.
Key players in the global cartoning machines market include Molins Langen, IMA Industria Macchine Automatiche SpA, Robert Bosch GmbH, Omori Machinery Co. Ltd. Tetra Pak International S.A., Marchesini Group, OPTIMA Packaging Group GmbH, IWK Verpackungstechnik GmbH, ROVEMA GmbH, Shibuya Packaging System Corpoartion, Cama Group, Triangle Package Machinery Co., Douglas Machine Inc., ACG Pampac Machines Private Limited, Econocorp Inc., PMI Cartoning Inc., Pakona Engineers Pvt Ltd., Korber Medipak Sysems North America Inc., Bradman Lake Group Ltd., Jacob White Packaging Ltd., and ADCO Manufacturing.
Global Cartoning Machines Market: Overview
Transparency Market Research examines the global cartoning machines market for the forecast period 2017-2025. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global cartoning machines market.
The report begins with an overview of the global cartoning machines market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.
Global Cartoning Machines Market: Research Methodology
To compute the market size, in-depth secondary research is done. Data points such as regional splits and market split by machine type, and capacity has been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the global revenue generated by the sales of cartoning machines market.
TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of cartoning machines market.
TMR not only conducts forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
Global Cartoning Machines Market: Market Segmentation
In order to understand and assess opportunities in this market, the report is categorically divided into six key sections on the basis of machine type, capacity, orientation, dimension, end-use industry and region. The report analyses the global cartoning machines market in terms of value (US$ Mn) and volume (Units).
Vital feature of this report is the analysis of the cartoning machines market by region, machine type, orientation, capacity, dimension and end-use industry; and the corresponding revenue forecast in terms of incremental dollar opportunity. This is traditionally overlooked while forecasting the market. However, incremental dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from sales perspective of the global cartoning machines market.
To understand key segments in terms of their growth and performance in the cartoning machines market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global cartoning machines market.
Global Cartoning Machines Market: Competitive Analysis
In the final section of the report, cartoning machines market competitive landscape is included to provide a dashboard view of companies that manufacture cartoning machines. The report contains company profiles of some of the players in the global cartoning machines market.
Some of the players operating in the global cartoning machines market include Molins Langen, IMA Industria Macchine Automatiche SpA, Robert Bosch GmbH, Omori Machinery Co., Ltd., Tetra Pak International S.A., Marchesini Group, OPTIMA packaging group GmbH, IWK Verpackungstechnik GmbH, ROVEMA GmbH, Shibuya Packaging System Corporation, Cama Group, Triangle Package Machinery Co., Douglas Machine Inc., ACG Pampac Machines Private Limited, Econocorp Inc., PMI Cartoning, Inc., Pakona Engineers Pvt Ltd., Körber Medipak Systems North America, Inc., Bradman Lake Group Ltd., Jacob White Packaging Ltd., and ADCO Manufacturing.
The global cartoning machines market is segmented as follows:
By Machine Type
By Capacity (Cartons per minute)
- Upto 70 CPM
- 70 to 150 CPM
- 150 to 400 CPM
- Above 400 CPM
By Dimension (Length X Breadth X Height cm3)
- Upto 200 cm3 (10X4X5 cm3 )
- 200 to 1,000 cm3 (14X14X5 cm3)
- 1,000 to 5,000 cm3 (50X10X10 cm3)
- 5,000 to 10,000 cm3 (28X28X12 cm3)
- Above 10,000 cm3
By End-Use Industry
- Personal Care
- North America
- Latin America
- Middles East and Africa (MEA)
- Asia Pacific (APAC)