Machinery

Estimated Growth Potential Of The Beverage Carton Packaging Machinery Market 2024-2033

February 26, 2024 by The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Robust Growth in Market Size

The beverage carton packaging machinery market has witnessed substantial growth, surging from $1.14 billion in 2023 to $1.2 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 5.4%.
Historic growth drivers include innovations in carton sealing, user-friendly interfaces, and a shift towards sustainable packaging in response to consumer demands.

Anticipated Strong Growth Trajectory

Forecasts indicate continued robust growth, with the market expected to reach $1.49 billion by 2028, with a CAGR of 5.6%.
Factors contributing to this growth include user-friendly interfaces, increasing demand for aseptic packaging, and the integration of robotics for efficiency.

Rising Demand for Green Packaging Driving Market Surge

The increasing adoption of green packaging materials is a key driver propelling the growth of beverage carton packaging machinery.
Sustainable packaging, a significant trend, is on the rise, with consumers willing to pay more for eco-friendly options.
Major players include KHS GmbH, Econocorp Inc., and Jacob White Packaging.

View More On The Beverage Carton Packaging Machinery Market Report 2024 – https://www.thebusinessresearchcompany.com/report/beverage-carton-packaging-machinery-global-market-report

Technological Advancements Fueling Innovation

Technological advancement stands out as a pivotal trend shaping the beverage carton packaging machinery market.
Companies like Advanced Tooling Systems (ATS) packaging introduce innovations like the Gemini linear capping machine, featuring programmable high-precision tightening technology.
Continuous investments in research and development drive the adoption of advanced technologies.

Strategic Acquisitions Expand Global Presence

In January 2022, SIG, a Swiss-based packaging machinery manufacturing company, acquired Evergreen carton packaging and filling machinery for $335 million.
This strategic move allows SIG to expand its chilled carton packaging business in East Asia and gain new clientele through Evergreen Asia, an India-based packaging solutions provider.

Segmentation and Market Dynamics

The beverage carton packaging machinery market is segmented by type, form, and application.
Types include horizontal end side-load, top-load, wraparound, vertical leaflet, and vertical sleeve machines.
Forms are categorized as automatic and semi-automatic, catering to diverse industry needs.
Applications span alcoholic beverages, soft drinks, and dairy beverages.

Regional Dynamics: North America Leads, Asia-Pacific Emerges Fastest-Growing

North America dominated the beverage carton packaging machinery market in 2023.
Asia-Pacific is anticipated to be the fastest-growing region in the forecast period, driven by increasing industrialization and demand for advanced packaging solutions.

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The Beverage Carton Packaging Machinery Global Market Report 2024 provides comprehensive insights on the beverage carton packaging machinery market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the beverage carton packaging machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Packaging Machinery Global Market Report 2024

Aseptic Packaging Global Market Report 2024

Eco-Friendly Food Packaging Global Market Report 2024

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