How Has the Beverage Carton Packaging Machinery Market Size Evolved in Recent Years?
The beverage carton packaging machinery market has seen considerable growth due to a variety of factors.
• Recent years have seen robust growth in the market size of beverage carton packaging machinery. The market is projected to expand from $1.19 billion in 2024 to $1.25 billion in the subsequent year, reflecting a compound annual growth rate (CAGR) of 5.1%. Factors such as innovative carton sealing techniques, user-friendly interfaces, expanded beverage options, stringent quality control and assurance, and a shift towards sustainable packaging have all contributed to this growth during the historic period.
What Are The Predictions for The Beverage Carton Packaging Machinery Market Size In The Coming Years?
The Beverage Carton Packaging Machinery market is expected to maintain its strong growth trajectory in upcoming years.
• The market for beverage carton packaging machinery is predicted to experience notable expansion in the coming years. The market size is projected to reach $1.59 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%.
This growth during the forecast period is likely due to factors such as user-friendly interfaces, increased demand for aseptic packaging, the application of robotics in packaging, global market proliferation, and cost efficiency. Upcoming trends during this forecast period include the surge in demand for sustainable packaging, enhanced product diversification, advancements in automation technology, emphasis on hygiene and safety standards, and a rise in customisation.
Which Drivers Are Accelerating Growth In The Beverage Carton Packaging Machinery Market?
The growth of the beverage carton packaging machinery sector is predicted to be fueled by an upswing in the utilization of green packaging materials. This type of packaging, also referred to as sustainable packaging, leverages components and production techniques aimed at reducing energy use and minimizing the environmental impact of packaging. Carton packaging, being a form of sustainable packaging, is escalating the demand for beverage carton packaging machinery. For example, the Global Buying Green Report of March 2022 states that the market for eco-friendly packaging in the United States is expected to amass US$ 42.7 billion in 2021 and US$ 252.3 billion worldwide by 2026. Approximately 71% of consumers indicate their readiness to pay extra for sustainable packaging, a figure that rises to 83% among younger buyers. As such, the proliferation of green packaging materials is instrumental to the expansion of the beverage carton packaging material market.
What Are The Core Segments Of The Global Beverage Carton Packaging Machinery Market?
The beverage carton packaging machinery market covered in this report is segmented –
1) By Type: Horizontal End Side-Load, Top-Load, Wraparound, Vertical leaflet, Vertical sleeve
2) By Form: Automatic, Semi-Automatic
3) By Application: Alcoholic Beverages, Soft Drinks, Dairy Beverages
Subsegments:
1) By Horizontal End Side-Load: Fully Automatic Horizontal Side-Load, Semi-Automatic Horizontal Side-Load
2) By Top-Load: Fully Automatic Top-Load, Semi-Automatic Top-Load
3) By Wraparound: Fully Automatic Wraparound, Semi-Automatic Wraparound
4) By Vertical Leaflet: Fully Automatic Vertical Leaflet, Semi-Automatic Vertical Leaflet
5) By Vertical Sleeve: Fully Automatic Vertical Sleeve, Semi-Automatic Vertical Sleeve
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Which Emerging Trends Are Reshaping The Beverage Carton Packaging Machinery Market Size?
A prominent trend in the beverage carton packaging machinery market is the evolution of technology. To maintain a competitive position in the market, major players in this sector are focusing on innovation, research, and the development of novel technologies. For example, Tetra Pak International SA, a Swiss firm specializing in food processing and packaging, collaborated with Stora Enso Oyj, a company based in Finland that deals with renewable materials. In June 2023, they rolled out a new recycling line for beverage cartons in Poland. This line, developed using patented separation technology from Tetra Pak and Plastigram, will separate and recycle carton fibers, polymers, and aluminum. The goal of this partnership is to enhance the circular economy by efficiently recycling all elements of beverage cartons. The recycled substances will then be reused in a variety of ways, such as in recycled board or new polymer applications.
Who Are the Key Players In The Beverage Carton Packaging Machinery Market?
Major companies operating in the beverage carton packaging machinery market include:
• KHS GmbH
• Econocorp Inc.
• Jacob White Packaging
• Mpac Group plc.
• Douglas Machine Inc.
• Sidel
• Krones AG
• Tishma Technologies
• R.A. Jones Bradman Lake Group Ltd.
• Mitsubishi Electric Corporation
• Langfang Best Crown Packing Machinery Co. Ltd.
• ACG Group
• GPI Equipment
• Syntegon Technology
• Cariba Srl
• Bosch Packaging Technology
• Tetra Pak
• SIG Combibloc Group AG
• Combi Packaging Systems LLC
• Pakmatic Company
• Pak-Tec Inc.
• Serac Group
• Elopak
• Uflex Ltd.
• IPI srl
• BERICAP
• Galdi
• Nichrome India Ltd.
• OCME S.r.l.
What Are The Regional Insights Into The Beverage Carton Packaging Machinery Market?
North America was the largest region in the beverage carton packaging machinery market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the beverage carton packaging machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
