Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD xx Million | USD 9.2 Million | 5.1% | 2021 |
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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