Press release
Cartoning Machines Market to be worth worth US$6.7 bn by 2025
The global cartoning machines market is a fragmented one that contains a large number of companies of varying sizes. Competition in the market is intense as companies outdo each other with newer offerings employing progressive technologies. Keen players are pouring substantial money into research and development to incorporate advanced technologies and devise avant-garde cartoning machinery to deliver maximum efficiency.Request PDF Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=34820
Prominent participants in the cartoning machines market include Molins Langen, IMA Industria Macchine Automatiche SpA, Robert Bosch GmbH, Omori Machinery Co. Ltd. Tetra Pak International S.A., Marchesini Group, OPTIMA Packaging Group GmbH, IWK Verpackungstechnik GmbH, ROVEMA GmbH, Shibuya Packaging System Corpoartion, Cama Group, Triangle Package Machinery Co., Douglas Machine Inc., ACG Pampac Machines Private Limited, Econocorp Inc., PMI Cartoning Inc., Pakona Engineers Pvt Ltd., Korber Medipak Sysems North America Inc., Bradman Lake Group Ltd., Jacob White Packaging Ltd., and ADCO Manufacturing.
As per a report by Transparency Market Research, the global cartoning machines market will likely expand at a CAGR of 5.1% between 2017 and 2025 to attain a value of US$6.7 bn by 2025. The market was evaluated at US$4.3 bn in 2016.
Based on machine type, end-load cartoning machine segment is likely to attract significant revenue as end-load cartons find extensive demand in food packaging sector due to better stacking capability than other carton types. Wrap-around cartoning machine segment, however, is likely to surpass in terms of growth rate as wrap-around cartons are aesthetically appealing and offer better sealing than other carton types.
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By orientation, horizontal cartoning machines currently dominate the market due to their affordability and higher flexibility in terms of accommodating carton sizes. The end-load cartons are particularly more compatible to packaged using cartoning machines with horizontal orientation. The high demand for end-load cartons account for the dominance of horizontal machines over vertical machines.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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