increasing demand for beverages is driving the Beverage Carton Packaging Machinery Market
Technavio analyzes that the Beverage Carton Packaging Machinery Market is expected to grow at a CAGR of 3.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 181.3 million.There are various factors that contribute to the growth of the market. The beverage carton packaging machinery market is experiencing significant growth due to the increasing demand for beverages in various formats, particularly in developing economies. This trend is driven by the convenience and portability of carton packaging, which caters to the on-the-go lifestyle of consumers. Moreover, advancements in technology have led to the production of eco-friendly and lightweight cartons, making them an attractive alternative to traditional glass and plastic bottles. As a result, the market for beverage carton packaging machinery is expected to expand at a steady pace in the coming years.
In the global beverage carton packaging machinery market, automatic systems held the largest market share in 2023. Automation offers numerous benefits, including increased production speed, simplified operations, cost savings on labor, enhanced worker safety, and reduced raw material wastage. The labor shortage is a prevalent challenge in the carton packaging industry, particularly in underpopulated regions. Moreover, the emphasis on product quality consistency is anticipated to fuel the expansion of the automatic segment throughout the forecast period. Furthermore, the increasing preference for a diverse range of beverage offerings and the ongoing efforts to minimize operating expenses are additional factors expected to boost the demand for automatic beverage carton packaging machinery.
Know which region is leading the market growth by requesting a sample report
Beverage Carton Packaging Machinery Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The Beverage Carton Packaging Market encompasses specialized equipment designed for the high-quality packaging process of various beverage types, including health drinks, electrolyte beverages, ready-to-drink beverages, bottled water, soft drinks, and alcoholic beverages. Carton sizes are customized, with carton forming, filling, sealing, labeling, and automation ensuring efficient production. Industrial sensors, human-machine interface (HMI), top load cartoners, wraparound cartoners, vertical leaflet, couponing equipment, and vertical sleeve containers are integral components. Functional automation and high-speed operation are key features, reducing plastic waste and catering to non-alcoholic beverages. Automatic and semi-automatic machines streamline the packaging style.
The Beverage Carton Packaging Machinery Market is a specialized segment of the larger Industrial Machinery and Supplies and Components Market. This market caters to the production of equipment used in the high-quality packaging of various beverage types, including health drinks. The packaging process involves carton forming, filling, sealing, and labeling. The market's growth is driven by the increasing demand for processed food and beverages in developing economies, leading to capacity expansions in the food and beverage industry. Technavio, a leading market research firm, estimates the global Industrial Machinery and Supplies and Components Market size based on the combined revenue generated by manufacturers of machinery and components used in industrial settings. This market encompasses the production of presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The expansion of industries such as energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages is fueling the growth of this market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
