The global cartoning machines market size is anticipated to reach USD 2.83 billion by 2026, on account of the increasing demand for flexible and compact cartoning machines. Cartoning machines are packaging tools used for packaging of confectionery, medicine, bottled food products, sundry goods, cosmetics, and other products. A recently published report titled, “Cartoning Machines Market Size, Share & Industry Analysis, By Type (Vertical/Top-Load Cartoning Machine, Horizontal/End-Load Cartoning Machine), By End-Use Industry (Food & Beverage, Healthcare & Pharmaceuticals, Consumer Goods, Others) and Regional Forecasts, 2019-2026,” by Fortune Business insights™ provides a comprehensive overview on the market and its prime growth trajectories. According to this report, the market size was USD 2.17 billion in 2018 and will exhibit a CAGR of 3.4% within the forecast period 2019 to 2026.
To Gain More Insights into the Cartoning Machines Market, Browse Summary of the Research Report – https://www.fortunebusinessinsights.com/cartoning-machines-market-102424
The report on cartoning machines market provides an elaborative overview and discusses factors promoting, repelling, challenging, and providing opportunities to the market. Other details include the table of segmentation based on factors such as type, end-industry, and regions, and the names of the leading segments determining the factor responsible for its growth. The report mentions the names of key players operating in the market and the prime strategies adopted by them to gain a competitive edge in the market. Besides this, the report talks about the current cartoning machines market trends. For more information on the market or to purchase the report, log on to our company website.
List of Key Cartoning Machines Market Manufacturers include:
- Cama 1 S.P.A. (Lombardy, Italy)
- Douglas Machine Inc. (Province of Lecco, Italy)
- Mpac Group plc (Mpac Langen) (Coventry, United Kingdom)
- Packaging Equipment Inc. (Georgia, the United States)
- PMR Packaging Inc. (Ontario, Canada)
- Bivans Corporation (California, the United States)
- Langley Holdings PLC (Nottinghamshire, United Kingdom)
- Econocorp Inc. (Massachusetts, the United States)
- Robert Bosch LLC (Baden-Wurttemberg, Germany)
- Jacob White Packaging Ltd. (Kent, United Kingdom)
- Marchesini Group S.p.A. (Bologna, Italy)
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Asia Pacific to Witness Rapid Growth Rate Owing to High Packaging Demand from Healthcare Industry
Geographically, the global cartoning machines market is led by Asia Pacific with a revenue generation of USD 0.84 billion as per 2018 records. This growth is attributable to the rise in the number of innovative packaging applications in sectors such as healthcare and pharmaceuticals, food and beverage, and others. Additionally, nations such as India and China are emphasizing on the innovative technologies such as push-button changeover technology, or carton4.0, and others will help this region exhibit the fastest growth rate and attract more cartoning machines market revenue in the forecast duration.
Launch of New Website for Global Sales and Services will Encourage Players to Strive Hard in Market Competition
As far as the competitive landscape is concerned, the market is dominated by a few players holding 55% of the cartoning machines market share. These include Jacob White Packaging Ltd., Econocorp Inc., Robert Bosch LLC, and Marchesini Group S.p.A. This growth is attributed to the strong geographical presence of these players. On the other side, cartoning machines manufacturers such as Cama 1 S.P.A, Mpac Langen, and Robert Bosch LLC have launched a new website completely dedicated to cartoning machinery sale across the globe. The main objective of this new website launch is to reduce the resource consumption and increase the quality of the product especially for the pharmaceuticals and healthcare industry. Such initiatives taken by the government are likely to attract high cartoning machines market revenue in the forthcoming years.
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