Continuous surge of the safe and convenient packaging is witnessing a significant growth of the cartoning equipment market in terms of volume. The transit distance for the product is being removed because of increasing globalization, thus safety is just an important parameter for the shipping, logistics and transportation industry. Cartoning equipment are packaging solution providing maximum safety to goods. Intensified need of such packaging has increased production of cartoning equipment around the globe. Moreover, automation leads to transformation of manufacturing industry and is expected to show a firm growth rate, with more companies switching to automated production units with minimal human intervention. This is expected to register new growth opportunities for the global cartoning equipment market.
Cartoning equipment is economical, reliable and has small machine footprint. The growth of carton packaging industry and FMCG industry is expected to propel the growth of the cartoning equipment market. Many patients the cartoning equipment market is due to innovation in the industry and the same has make the market competitive and has paved the way for key players in the market to innovate. Moreover, the rise in transportation and logistics industries is expected to provide significant growth to the cartoning equipment market during the forecast period. The increasing use of cartoning equipment for transporting goods is due to the expansion and extension of various SMEs to large-scale industries.
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Cartoning Equipment Market: Market Dynamics:
Drivers of the cartoning equipment market:
Globalization is expected to be a key driver for the cartoning equipment market because it creates opportunities for the transportation of various goods and services from one country to another. Increasing trade and business relations between countries due to the adoption of globalization policies ensure significant growth for the Cartoning Equipment market. The government rules regarding the transportation and packaging of goods also positively influence the cartoning equipment market
Increasing demand for low-cost equipment is driving the cartoning equipment market. On other hand, manufacturers in the food industry are increasingly focusing on availing sustainable packaging machinery for reducing the consumption of materials and increase shelf life. This is expected to propel the growth of the cartoning equipment market during the forecast period.
Opportunities for the cartoning equipment market:
With new upcoming entrepreneurship and import-export business ideas, cartoning Equipment are expected to find new opportunities in the forecast period. Moreover, increasing key players penetration in the emerging countries of the cartoning equipment market such as India, Thailand and others is expected to register growth opportunities for cartoning equipment market during the forecast period.
Trend for cartoning equipment market:
Innovation such as vision system and integrated barcode systems is a key trend prevailing in the global cartoning equipment market. The latest trend in the cartoning equipment market is implementation of robotics. The robotics application leads to smarter, faster and less expensive process in industries. Moreover, robots are replacing on human capabilities such as, memory, sensing, object recognition, and others. Thus, they are suitable for the cartoning equipment sectors.
Restraint of the cartoning equipment market:
Risks associated with cartoning equipment and presence of packaging types other than cartons is expected to challenge the cartoning equipment market.
Cartoning Equipment Market: Segmentation
Segmentation of the cartoning equipment market on the basis of packing material:
- Paperboard
- Corrugated fiberboard
Segmentation of the cartoning equipment market on the basis of end-use industry:
- Food & beverages
- Pharmaceuticals
- Cosmetics & personal care
- Others
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Cartoning Equipment Market: Key Players
Some key players in the Cartoning Equipment market are LoeschPack, Aagard Group, LLC., ASDCO Manufacturing, BluePrint Automation, Bosch Packaging Tech, Bosch Packaging Tech, Bradman Lake Inc., CAMA Group, Delkor Systems, Inc., Douglas Machine Inc., Econocorp Inc., Exair Corporation, Frain Industries., Graphic Packaging Intl., MG America, Mpac Langen, Nordson Corporation, Nuspark Inc., WestRock, RAMA, Kliklok-Woodman, Valco Melton, Triangle Package Mac, Somic America, Inc., Serpa Packaging Solu, Schubert North America, Robatech USA Inc., R.A JONES, PMI KYOTO Packaging, Propack Processing, and Optima Machinery Corp. These players are expected to highly influence the Cartoning Equipment market during the forecast period.
Cartoning Equipment Market: Regional Overview
Asia Pacific is expected to have one of the leading cartoning equipment market due to significant growt of food & beverages industry and extensive industrialization. North America is expected to exhibit inactive growth of the cartoning equipment market because of mature industries in the region. Cartoning equipment market in Europe is expected to spur due to growing e-commerce in Europe. The cartoning equipment market in Latin America is expected to witness stagnant growth over the forecast period due to less innovations (pertaining to the packaging) in the region. Cartoning equipment marlet in North America is expected to have moderate growth due to already presence of the significant market in the region.
The report on cartoning equipment market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies
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