Beverage Carton Packaging Machinery Market

Beverage Carton Packaging Machinery Market Size (2023-2028)

The Global Beverage Carton Packaging Machinery Market size is valued at US$ 1000.8 Million in 2022 and is anticipated to increase at US$ 1406 Million by 2028, with a growing CAGR 5.28% of in the next six years.

Product Description:

The carton is made of cardboard or corrugated cardboard, which is biodegradable. Cardboards have gained great popularity among consumers because they are light and resistant. The beverage carton packaging machine is an equipment used for the secondary packaging of beverages in carton packs. This machine acts as a box around the primary beverage packaging and safely fills the box so that the secondary packaging can improve the level of protection during the product logistics cycle.

Recent Developments in Beverage Carton Packaging Machinery Industry:

• In February 2019 Smipack announced the launch of a new wrap-around wrapper for the WPS series. This equipment is provided through Adpack for consumers in the UK and Ireland.
• In January 2019, Sewtec Automation Ltd announced that it had installed the latest packaging equipment at its manufacturing facility in Tata Global Beverages, Eaglescliffe, UK.

Beverage Carton Packaging Machinery Market Growth:

As awareness of the environmental impact of plastic waste increases, the demand for green packaging materials is expected to increase, helping to grow the market.

REPORT COVERAGE:

Drivers:

The global beverage carton packaging machinery market is expected to prosper in the coming years. In addition, for example, packaged beverages require security against moisture and other natural changes, a major challenge in the market. Factors such as people's lifestyle change, increased beverage utilization due to economic growth, mechanical improvements, and increasing demand from the wine and wine sectors worldwide are supporting the development of the market. Rapid urbanization and rising disposable incomes in countries like India and China greatly fuel world market growth. Global wine demand and growth in the wine sector are driving the mixed beverage sector of the beverage carton packaging machine market and it is estimated to dominate the market during the forecast period. The arrival of packaging machines has facilitated the beverage packaging process. Cardboard packaging has recently gained popularity as the environmental degradation caused by plastic packaging has increased. Also, the demand for small beverage packaging machines is increasing in many end application industries. As interest in automating features to improve productivity grows alongside various beverage products, demand for high-speed beverage carton packaging machines increases. This machine shortens the process and the packaging time. It has also been shown to be safe for the storage of beverages. The aforementioned factors along with material, engineering, labor costs and profit margins contribute to the overall cost of the beverage carton packing machines. Therefore, as the demand for highly customized carton packaging machines increases, it is expected to lead the market in the coming years. With the change in lifestyle, the demand for beverage preparation has increased, which has increased the demand for cardboard packaging machines.

Furthermore, the demand for custom machines with advanced technology and reliable machine components will have a positive impact on the market. Increased demand for beverages, along with increased investment by beverage manufacturers in durable and sustainable secondary packaging, are expected to lead the market during the forecast period. Additionally, rising consumer-focused demand for super premium and premium distilled water is expected to distill growth in the beverage industry, leading the market during the forecast period. Increased demand for artisanal beverages, as well as CBD-infused beverages, is expected to have a positive impact on market growth. Besides, as interest in convenience increases, the demand for beverages is increasing due to lifestyle changes, which will have a positive effect on the growth of the beverage carton packaging machine market. The market is expected to grow as interest in automation increases to reduce operating and labor costs and maximize uptime. As demand for beverages increases and concern about the harmful effects on plastic waste and the environment increases, demand for beverage packaging machines is expected to increase over the expected period. In addition, the growing global industry is expected to drive demand for beverage carton packaging machines in the coming years. The construction industry worldwide is likely to offer significant growth opportunities for this market.

Restraints:

If the initial cost for plant installation is high, it serves to inhibit the growth of the beverage carton packing machinery market. Various business risks, such as a shortage of skilled workers in the local market and an increase in the length of the supply chain at additional cost, are associated with the establishment of a production plant. This may be a major limitation for small players because small players have to upgrade their processes and infrastructure to meet new and stricter standards with high investment. Additionally, strict government packaging regulations are considered binding factors.

Beverage Carton Packaging Machinery Market Segmentation Analysis:

Based on application,non-alcoholic beverage segment dominated the market, held a 38.0% share of sales in 2019, and are expected to remain dominant throughout the forecast period. This sector mainly includes bottled water, sports drinks and carbonated soft drinks. As concerns about health problems from consuming contaminated water increase, demand for bottled water is expected to increase, and consequently, demand for beverage packaging machines is expected to increase during the outlook period.

By type, the horizontal end side-loading carton packaging segment held the largest revenue share of 38.8% in 2019 in the market. The horizontal end side loading carton lifts a sealed carton with folded side seam, which is additionally placed in a horizontal mechanism and filled horizontally through the open end of the carton before closing in the machine. The top segment of the cargo box is expected to show an annual compound annual rate of 4.8% during the forecast period. The top or vertical loaded carton is lifted with a folded side seam sealed carton, which is additionally placed in a horizontal mechanism and filled vertically through the top of the carton before closing the box.

Depending on the operating mode, the automatic segment dominated the market, maintained a 68.4% revenue share in 2019, and is expected to remain dominant throughout the forecast period from 2020 to 2025. Semi-automatic operating mode segments are expected to record moderate growth rate. In this type of cardboard packaging machine, some of the functions are automated, while the operation requires human intervention. This semi-automatic machine is used less prominently in small breweries or requires less labor and is less expensive than a less developed automatic machine.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

The North American market is expected to grow at a compound annual rate of 4.6% during the forecast period. The growing demand for ready-to-drink non-alcoholic beverages, along with increased demand for premium and ultra-high-grade beverages, are expected to have a positive impact on the region's beverage packaging machine market. Additionally, increasing demand for a wide variety of alcoholic beverages, such as craft beers, canned wines, and prepackaged cocktails, is expected to help the market grow during the outlook period. Additionally, the increase in North American breweries is expected to have a positive impact on the beverage carton packaging machinery market. In Europe, the market is expected to grow an average of 4.3% during the outlook period. Countries like Italy, Spain and France are among the main wine producing countries in the world. Also, the demand for eco-friendly packaging materials like cardboard is increasing, especially as local interest in sustainability grows, which is expected to help market growth. The Asia Pacific region had the prominent share in the international marketplace in 2019. As interest in health and wellness increases, demand for functional beverages is expected to increase. Additionally, an increase in disposable income is expected to increase demand for premium beverage products, especially in countries such as China and India, which is expected to have a positive impact on the market.

Key Players in the Market:

Major key players in the Global Beverage Carton Packaging Machinery Market are

• Econocorp
• Elopak
• Bosch Packaging Technology
• SIG Combibloc
• RA Jones Group
• Gerhard Schubert
• GPI Equipment
• Krones
• KHS
• Pakmatic Company
• ACG Worldwide
• Mitsubishi Electric
• Langfang Best Crown
• Packers
• Bradman Lake Group
• Jacob White