Global Cartoning Machines Market - 2021-2028

Global Cartoning Machines Market - 2021-2028

Market Overview

The global cartoning machines size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period.

Cartoning machines are packing equipment that performs numerous operations on cartons, such as erecting, closing, side seaming, folding and sealed cartoning. Mostly such operations are carried out by a single machine, equipped with automated programming and controller systems. Further, the machine has an adjustable carton conveyor with a chain design and a motorized carton picked up with vacuum cups, among others, to assist packing.

The cartoning machines are classified into two types, namely horizontal and vertical cartoning machines. Each type offers several advantages and features to reduce packaging time, cost-effective operations with mechanical design, avoiding contamination and others. Cartoning machines mainly find application in industries such as cosmetics, pharmaceutical, personal care, among others.

Market Dynamics

The global cartoning machines are driven by rising demand for the cartoning in pharmaceutical and food & beverages industries.

Increase in demand for cartoning in pharmaceutical as well as food & beverages industries

Cartoning machines are widely used in pharmaceutical and cosmetics packaging to reduce contamination and improve safety. The fast expansion of the pharmaceutical sector due to the increasing prevalence of various chronic diseases has spurred market growth. For example, according to the Global Federation of Pharmaceutical Manufacturers & Associations report, the pharmaceutical sector market reached US$ 1043 million in 2020 due to the prevalence of various infectious illnesses. For example, on April 29, 2019, Aurobindo invested about US$ 33 million to increase the production capacity of the bulk pharmaceuticals and intermediates manufacturing plant from 583.31 TPM to 1518.3 TPM. As the pharmaceutical industry is expanding exponentially, the need for packaging in the pharmaceutical industry is also growing, increasing the demand for cartoning machines.

Furthermore, cartoning machines pack various food goods into carton boxes to avoid contamination and promote safe packing. Increased global consumption of confectionary items such as pastries, biscuits and cakes and increased investment by key manufacturers to expand production capacity have fuelled the cartoning machine industry. For example, Grupo Bimbo has spent approximately for increasing confectionery product manufacturing on December 18, 2020. The expansion in the production of the food and beverages industry triggers the demand for cartoning to manage the transit of the manufactured products, thus boosting the demand and sales of cartoning machines.

Need for high initial investment along with fluctuating raw material prices

Since cartoning machines are very big pieces of machinery, the initial investment in terms of money and space is very high. Therefore, many buyers would have second thoughts before the purchase, thereby constricting the sale of cartoning machines. Further, the raw materials used to manufacture these types of machinery, such as steel, are commodities that exhibit extensive price fluctuations in the market.

As a result of the experienced price fluctuation of the raw material, the final price of various cartoning machines also tends to flux. Since such fluctuation in prices of any product damages the respective products sale, the fluctuating raw material price that resulted in market fluctuation of the end-product should be considered a major restraining factor for the global cartoning machines market.

COVID-19 Impact Analysis

The global cartoning machines experienced a declination in demand as well as sales due to the COVID-19 pandemic. The lockdown, demand for social distancing and unexpected shutdown in the production of several leading manufacturing were the major reasons for this experienced decline in demand and production. Additionally, several countries have restricted production activities, along with export and import of raw materials and finished goods due to the pandemic, particularly in food and beverages, automotive and electronics and electrical sectors which also reduced the demand and sales cartoning machines market.

Nonetheless, the demand for the cartoning machines experienced a slight increase as the production and sales of N-95 masks, medical devices and other pharmaceutical products grew during the second wave of the COVID-19 pandemic. The demand for horizontal carton machines rose rapidly and the production of N-95 masks, which motivated several manufacturers to launch new products through online platforms.

For instance, On May 7, 2020, Romaco, a leading processing and packaging equipment supplier, utilized a new virtual digital showroom to launch new products.

Segment Analysis

The global cartoning machines are segmented on machine type, carton type, capacity, distribution channel, application and region.

Growing urban population and increasing demand for packed food and beverages

Based on end-user, the global cartoning machines market is segmented into healthcare, personal care, food and beverages, home care, chemical, pharmaceutical and others.

The food and beverages segment dominates the application segment of the respective market with the highest market share due to the growing urban population and increase in demand for packaged foods among the urban crowd. As per data, the global urban population reached 4.2 million and is further expanding at a rapid pace. The experienced humongous growth in the urban population in search of greener pastures increases the demand for food and beverages among the urban crowd, thereby rapidly raising the demand for sustainable and advanced packaging solutions and machines to contain these commodities, such as cartoning machines. Since the market demand for cartoning machines is enhanced by the growing demand for packed food and beverages among the urban population, the respective segment is considered the dominating end-user segment of the global cartoning market.

Geographical Analysis

Asia-Pacific dominates the global cartoning machines market with the largest market share.

The presence of numerous manufacturers, rapid rate of industrialization and extensive growth in investments allow the Asia-Pacific to dominate the global cartoning machines market, with the largest market share. Further, governmental policies, increased government and private investments for sustainable packaging boost the market potential of the respective market in the Asia-Pacific. China dominates the Asia-Pacific due to the region's high population density, along with the colossal demand for sustainable packaging in the region’s food and beverages industry.

Though North America and Europe follow the Asia-Pacific in terms of market share, North America has a faster pace as the adoption of sustainable and advanced packaging technology is humongous in the region’s pharmaceutical, electrical, food and beverages, electronics industries, among others.

Competitive Landscape

The cartoning machines market is moderately competitive due to the presence of several local and global companies. Some of the key players who contribute to the growth of the respective market include Robert Bosch GmbH, ROVEMA GmbH, SHIBUYA CORPORATION, Cama 1 S.P.A., Körber AG., Coesia S.p.A, Mpac Group plc, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., BERGAMI USA., Jacob White Packaging Ltd., among others.

The major players adopt several strategies such as new product launches, acquisitions and collaborations to attain growth in the global cartoning machines market.

For instance, On May 21, 2018, Douglas Machine Inc. acquired integrated packaging machinery, LLC, headquartered in Rockford, Michigan. The company intends to enhance its supply of high-quality packaging machinery with this acquisition.

Robert Bosch GmbH:

Overview: Robert Bosch GmbH, founded in 1886, is a worldwide engineering and technology company located in Gerlingen, Stuttgart, Germany. The company mainly operates four business sectors: energy & building technology, mobility, consumer goods and industrial technology.

Product Portfolio: The company’s product portfolio of the Cartoning Machines includes:

BOSCH BVK 1300 A: BVK 1300 A, The Bosch BVK 1300 A, comes with horizontal form, fill and seal technology that is extremely effective for an enhanced production rate and number. The machine offers high efficiency and superior packaging quality, along with reliability and affordability.

Key Development

On August 9, 2018, Robert Bosch GmbH debuted their Kliklok midrange endload cartoner (MEC) at Pack Expo Global 2018. The new system could be utilized for bakery, confectionery and snack packaging and could easily handle up to 170 cartons per minute. The product further offers features such as impeccable sanitation, tool-less changeover and quick operator access.

Why Purchase the Report?

Visualize the composition of the cartoning machines market segmentation by machine type, carton type, capacity, distribution channel and application, highlighting the key commercial assets and players.

Identify commercial opportunities in cartooning machines market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of cartoning machines market-level 4/5 segmentation.

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global cartoning machines market report would provide access to an approx. 77 market data table, 79 figures and 180 pages.

Target Audience 2022

Carton Manufacturers/ Buyers

Industry Investors/Investment Bankers

Packaging Industry enthusiasts

Emerging Companies

Distributors"

"