What is Global Cartoners Market?
The Global Cartoners Market is a vast and dynamic sector that plays a crucial role in various industries worldwide. This market revolves around the production and distribution of cartoners, machines designed to erect, fill, and seal carton boxes. These machines are integral to the packaging process in numerous industries, aiding in the efficient and effective packaging of a wide array of products. The market's value was estimated at US$ 1304.5 million in 2022, and it is projected to grow to US$ 1682.1 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2029.
Horizontal Cartoners, Vertical Cartoners, Top Load Cartoner in the Global Cartoners Market:
The Global Cartoners Market is segmented into three main types of cartoners: Horizontal Cartoners, Vertical Cartoners, and Top Load Cartoners. Horizontal Cartoners are the most popular, accounting for over 45% of the market. These machines are favored for their high-speed operation and versatility in handling different carton sizes. Vertical Cartoners, on the other hand, are preferred for their compact design and suitability for products that need to be packed vertically. Top Load Cartoners are ideal for products that require careful handling as they are loaded from the top. The top five companies in this market hold about 60% of the total market share, indicating a high level of market concentration.
Consumer Goods, Food & Beverage, Pharmaceutical, Others in the Global Cartoners Market:
The Global Cartoners Market finds its applications in various sectors including Consumer Goods, Food & Beverage, Pharmaceutical, among others. In the Consumer Goods sector, cartoners are used for packaging a wide range of products from electronics to household items. The Food & Beverage industry heavily relies on cartoners for packaging food items and drinks in a safe and hygienic manner. In the Pharmaceutical industry, cartoners are used for packaging medicines and other healthcare products. The use of cartoners in these industries ensures efficient packaging, thereby reducing wastage and enhancing productivity.
Global Cartoners Market Outlook:
To rephrase the market outlook, the Global Cartoners Market, which was worth US$ 1304.5 million in 2022, is expected to grow to US$ 1682.1 million by 2029. This represents a CAGR of 3.3% during the forecast period of 2023-2029. The market is dominated by the top five companies, which collectively hold about 60% of the total market share. The largest segment of the market is the horizontal cartoners, which account for over 45% of the market.
| Report Metric | Details |
| Report Name | Cartoners Market |
| Accounted market size in 2022 | US$ 1304.5 million |
| Forecasted market size in 2029 | US$ 1682.1 million |
| CAGR | 3.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Industria Macchine Automatiche SpA, Marchesini Group, Korber Medipak Sysems, Syntegon, Cama Group, OPTIMA Packaging Group GmbH, ROVEMA GmbH, Shibuya Packaging System Corpoartion, Gerhard Schubert, Molins Langen, Omori Machinery Co. Ltd, IWK Verpackungstechnik GmbH, Douglas Machine Inc, Jacob White Packaging Ltd, Bradman Lake Group Ltd, PMI Cartoning Inc, Triangle Package Machinery, ADCO Manufacturing, ACG Pampac Machines Private Limited, Econocorp Inc |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
