The global end cartoning machine market is expected to grow at a 5.1% CAGR during the forecast period. The global market is projected to surpass $9.2m by 2028
The global end cartoning machine market is expected to grow at a 5.1% CAGR during the forecast period. The global market is projected to surpass $9.2m by 2028. The report analyzes the end cartoning machine market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global end cartoning machine market.
End cartoning machine is the equipment used at the very end of the packaging process. The global market is spread across multiple sectors including pharmaceuticals, food & beverages, and personal care which have shown the most use for the product.
Cartoning machines are used to mechanically pick one single piece of carton from a folded stack of cartons, erect the selected carton, fill the sealed carton from the open end and then completely seal it from all ends. End cartoning is an important aspect of packaging since it helps in maintaining the product’s quality.
End cartoning machines are sometimes specially designed as per business needs and are patented for further use. Cartoning machines can be categorized mainly into two types: horizontal and vertical. Their use depends on business requirements.
The global market witnessed a halt in its otherwise growth owing to Covid-19 and its impact on the supply chain of the majority of the products or other markets. Some of the other reasons for the slow growth of the global market can be attributed to conservative spending on non-essential aspects of a product to meet budget requirements.
But with new target marketing initiatives undertaken by manufacturers and business leaders, the global market is moving forward with steady growth.
Increase in demand for sundry goods, packaged food items, FMCG products, and cosmetics to become critical growth drivers.
The global market has been witnessing a surge in demand for packaged food items, cosmetics, FMCG, and sundry goods. The changing customer preference is propelling the global market toward growth. Business leaders have also been utilizing the global market demand in their favor by launching multiple options for the same kind of products. The availability of multiple options is a key tactic to increase global market size. Consequently, this will increase the demand cycle for the end cartoning machines causing the global end cartoning machine market to grow during the forecast period.
The competitive global market has forced market leaders to constantly look for innovative technologies to meet versatile market demands. The increased monetary and non-monetary investment in innovation is anticipated to become a leading growth driver in the global market.
Multiple business competitors are added to the market daily. Hence brand differentiation becomes important for businesses to leave a mark on consumers. The need for brand differentiation has been higher than ever in current market situations propelling the global market growth.
In the last few years, e-commerce has shown exponential growth. Meeting the rising demands caused by e-commerce has forced the global market to grow simultaneously.
Market leaders are keen on automating as many processes as they can to eliminate manual errors and save time & energy. The increase in automation in monotonous processes to become a key global market growth driver.
Non-essential cost reduction to restraint global market growth
The volatility of the global market has caused businesses to re-do and work within the budget to garner profits. This has caused many organizations to cut down on non-essential expenses. With this decision, packaging can sometimes become a part of the non-critical component of the product. This restrains the growth of the global end cartoning machine market.
Changes in climatic conditions to affect the global market growth
Drastic changes in climatic conditions affect the working capacity of end cartoning machines. This adversely affects the maintenance of machines and hampers the quality of the service provided negatively impacting the growing global market.
Investment in end cartoning machines catering to multiple requirements is showing growth prospects
With the changing market demands and dynamics, investing in the manufacturing of multi-purpose machines is an excellent opportunity for business owners. This will improve the quality of the service and will help in meeting business demands on time.
Expanding mechanization to provide more opportunities for growth
The need of the hour is to mechanize redundant work to maintain demand and supply balance. With the number of businesses increasing every day, their requirements are likely to rise exponentially in the coming future. Forecasting and preparing for the future demands is showing excellent opportunities for end carton machine manufacturers.
Dynamic carton complexity and variation pose a challenge to the global market
Advancement in need for complex cartons or need-based variations in cartons poses a challenge to the global market growth. Since end cartoning machines are expensive investments, it becomes difficult to cater to the varying needs of users causing challenging situations in the global end cartoning machine market.
Lack of flexibility may challenge the global market growth
The consumer market has become flexible with its needs. Manufacturers are seen facing challenges to match up with the demand flexibility of the end-users. The lack of flexibility on time is anticipated to create challenging situations in the global market during the forecast period. Current machines are designed to create one type of end carton diminishing the capacity to meet newer needs.
Automation to create challenges due to delays in technical support
Automation solutions typically run on closed systems. Technical support is outsourced in such cases. Solving a problem related to the machines becomes time-consuming, creating a challenge for the manufacturers to deliver on time.
The global end cartoning machine market is segmented based on the product type, orientation, dimension, end-user, and region.
Based on product type, the global market is segmented into less than 70 CPM, 70 CPM to 150 CPM, 150 CPM to 400 CPM, and more than 400 CPM. The market share is led by 70 CPM to 150 CPM because they can cater to the needs of multiple manufacturers including small and large-scale manufacturers.
Based on orientation, the global market is segmented into horizontal and vertical. Horizontal machines are projected to establish higher growth owing to their cost-effectiveness and flexibility.
Based on dimension, the global market is segmented as less than 200 CC, 200 CC to 1,000 CC, 1,000 to 5,000 cc, 5000 CC to 10,000 CC and more than 10,000 cc. Dimensions of 200 cc to 1000 cc are expected to grow more than the rest since most of the packed items can fit into these dimensions.
Based on end-user, the global market is segmented into food & beverages, personal care, and healthcare amongst others. Food & beverages claim the highest share in the market because of product efficiency found in the market. Healthcare is showing signs of registering the highest CAGR following the use of tracking technology where products can be traced during the packaging process. Consumer goods are expected to show moderate to substantial growth.
Report Scope:
Recent Developments:
The global end cartoning machine market is anticipated to be dominated by Asia-Pacific registering the highest CAGR during the forecast period. India and China are expected to lead the market share in the Asia Pacific owing to the huge demand for advanced packaging solutions to meet the market demands. The spurt in e-commerce is also attributed to the high market share owned by these regions.
This is followed by North America, given the huge consumer demands for packaged food products. The heavily invested healthcare industry is also expected to boost the global market share of North America during the forecast period.
The Middle East and Latin America have also been showing signs of growing exponentially in the global market for the forecast period. The underlying reason is the growing investor portfolio in these territories along with higher awareness of well-packaged food items.
Europe has been on a steady growth curve owing to the adoption of carton 4.0 by countries like Italy and Germany. The focus of packaging manufacturers in Europe has been on tying up with domestic manufacturers to better reach the target market.
The global end cartoning machine market is dominated by industry giants like Omori Machinery Co., PMI Cartoning, Inc., ROVEMA GmbH, ACG Worldwide Private Limited, Molins Langen, EconoCorp Inc. (US), Douglas Machine Inc., IWK Verpackungstechnik GmbH, Bosch Packaging Technology, IMA AUTOMATION, Pakona, Langley Holding PLC, PMR Packaging Inc., Cama 1 S.P.A, Coesia S.P.A
The global end cartoning machine market is segmented as follows:
By Region
FrequentlyAsked Questions
Increasing demand for sundry goods, packaged food items, FMCG products, cosmetics, and personal care are critical growth drivers. Huge surge in technology investment to deliver better results pave the path for global market growth. Competition between the world leaders to develop brand differentiation amongst consumers will assist in the global market growth during the forecast period. The rise in e-commerce and automation is likely to propel the market.
According to Zion Market Research, the global end cartoning machine market is expected to grow at a 5.1% CAGR during the forecast period. The global market is projected to surpass $9.2m by 2028.
Asia-Pacific is projected to grow with the highest CAGR during the forecast period followed by North America. Advancements in technology and an increase in demand for well-packaged food products are the leading causes for these regions to share the highest market value. Middle-East and Latin America are anticipated to grow exponentially during the forecast period because of heavy investments in the region. Europe is showing steady growth during the period owing to packaging restrictions in certain countries.
The global end cartoning machine market is dominated by industry giants like Omori Machinery Co., PMI Cartoning, Inc., ROVEMA GmbH, ACG Worldwide Private Limited, Molins Langen, EconoCorp Inc., Douglas Machine Inc., IWK Verpackungstechnik GmbH, Bosch Packaging Technology, IMA AUTOMATION, Pakona, Langley Holding PLC, PMR Packaging Inc., Cama 1 S.P.A, Coesia S.P.A
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