Global Cartoning Equipment Market 2017-2021
About Cartoning Equipment
Cartoning equipment is a packaging machine that creates ready-to-use cartons by erecting, closing, folding, side seaming, and sealing the boxes. This equipment is also known as a cartoner. The equipment is of two types: horizontal and vertical.
The global packaging machinery market is the parent market of the global cartoning equipment market. The latter market is geographically segmented into EMEA, APAC and the Americas.
Technavio’s analysts forecast the global cartoning equipment market to grow at a CAGR of 3.32% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cartoning equipment market for 2017-2021. To calculate the market size, the report considers the tertiary cartoning machinery, which deals with corrugated boxes and excludes primary cartoning machinery.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cartoning Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global cartoning equipment market: Bosch, ECONOCORP, RAMA, and LoeschPack.
Other Prominent Vendors in the market are: ADCO Manufacturing, Bradman Lake, Douglas Machine, Kliklok-Woodman, Optima, PMI Cartoning, and Serpa Packaging Solutions.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is implementation of robotics. During the forecast period, industrial robots will be on the verge of revolutionizing the manufacturing processes. The use of robotics is a faster, smarter, and less expensive process in industries. Industrial robots can carry out more tasks that are well beyond traditional, repetitive, and dangerous processes such as welding and materials handling. Robots are taking on human capabilities such as sensing, memory, object recognition, and trainability. As a result, they are suitable for the cartoning equipment sector, which includes tasks such as picking and packaging, inspecting products, and assembling minute electronics.”
According to the report, one of the major drivers for this market is Increasing demand for low-cost equipment. There is a high demand from end-user industries for the cartoning equipment. This equipment is reliable, economical, and has small machine footprint. Since the replacement cost is high for a cartoning equipment, the factors mentioned above play a major role in the decision-making during the purchase of a cartoning equipment. A single cartoning machine can deliver various sizes of cartons. It can employ a range of materials, from the thinnest of paperboards to the heaviest of corrugated materials, to make varied types of cartons.
Further, the report states that one of the major factors hindering the growth of this market is Sustainability of cartoning machinery. Manufacturers in the food industry are increasingly focusing on availing sustainable packaging machinery to reduce the consumption of materials and increase shelf life. Improvement in price-performance ratio, increasing the shelf life, and faster movement between packaging systems are the areas of focus.
Bosch, ECONOCORP, RAMA, LoeschPack, ADCO Manufacturing, Bradman Lake, Douglas Machine, Kliklok-Woodman, Optima, PMI Cartoning, and Serpa Packaging Solutions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook