Press release
Evolving Beverage Cartoners Market: Projected to Reach US$ 1.1 Billion by 2033, Fueled by Personalized Packaging Trend and Advanced Printing Technologies
The global beverage cartons market is poised for substantial growth, with an anticipated valuation of US$ 742.3 million in 2023. Bolstered by the escalating demand for extended shelf life, this market is projected to expand at a 4.9% CAGR between 2023 and 2033, reaching a significant milestone of around US$ 1.1 billion by 2033. A pivotal trend driving this growth is the increasing demand for personalized packaging, aligning with consumers' desire for unique and tailored experiences.Beverage cartoners stand out for their capacity to deliver high-quality printing and labeling on carton packaging. Leveraging advanced technologies like digital printing, manufacturers can craft vivid and intricate graphics, enabling captivating designs and personalized artwork on beverage cartons. This innovation opens a realm of customization possibilities, from brand logos to promotional messages and even individualized designs for special editions.
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Personalized packaging goes beyond brand differentiation; it establishes a potent brand presence. Striking, distinctive carton designs capture consumer attention on shelves, setting manufacturers apart from competitors. The emotional impact of personalized packaging, along with its exclusivity, elevates perceived product value, influencing purchasing choices and fostering brand loyalty.
This tailored approach enables manufacturers to target specific consumer segments and align packaging with preferences. By understanding demographics and preferences, personalization establishes a sense of connection and relevance, amplifying consumer engagement and brand loyalty.
Beverage cartoners are multi-functional machines that create cartons from flat blanks; secures carton by slots and pre-cut tabs and lastly seals them by adhesives or heat. Beverage cartoners are an integration of various machines into a single unit. The output performance of these machines is usually measured in terms of production capacity, that is, the number of packages created per hour. Beverage cartoners are reliable, simple, and require a single person to operate.
These machines are highly efficient, ensuring low operating costs. Beverage cartoners provide excellent protection against environmental factors to the packaged products, and their high efficiency helps to reduce delivery time of products, thereby increasing the production capacity.
In the report, FMI suggests that the brick carton machine segment is expected to play a key role in the growth of the beverage cartoners market during the forecast period. Beverage cartoners are expected to witness significant growth in many emerging countries owing to the rise of demand for aseptic packaging.
Brick carton machines are used in the packaging of various types of beverages ranging from fruits juices to ready-to-drink tea & coffee. The research also suggests that the brick carton machine segment is anticipated to be one of the highest contributors to the growth of the beverage cartoners.
Gable top machines are anticipated to witness the highest growth in the beverage cartoners market during the forecast period. The growth is mainly attributed to the contributions of countries like Germany and UK in the European region.
In North America, beverage cartoners market has been estimated to have high growth potential, considering that most of the manufacturing sector has been captured by gable top machines segment of beverage cartoners. Manufacturer are adopting beverage cartoners as it reduces the labour cost and increases efficiency. Germany is expected to be at the forefront, spearheading the growth of the European beverage cartoners market during the forecast period.
According to the research by FMI, beverage cartoners market has witnessed rapid growth in the past couple of decades and steadily rose to over-capacity of production in Germany and the UK. Germany's annual beverage cartoners market yield and production enables it to tower over other European countries.
Some of the key drivers for the growth of the global beverage cartoners market include growing demand in end-use applications such as fruit juices, dairy products, and ready-to-drink tea & coffee, etc. Though beverage cartoners are more expensive machines, they are more reliable.
The key focus of companies involved in the manufacturing of beverage cartoners is enhancing their production capacity, both by expanding new production facilities and by improving existing sites. The key motive is to have a worldwide presence through collaborations, acquisitions, or by exports in the beverage cartoners market.
The manufacturers of beverage cartoners are likely to eye the lucrative regions of Europe & North America in the coming years. Mass urbanization in countries, coupled with upgraded standards of packaging solutions, is expected to be the fundamental driving forces behind growth in demand for beverage cartoners. The beverage cartoners market is in for a dramatic turn of events in the next decade, as the focus shifts towards the Asia Pacific.
Key players considered in the report on beverage cartoners market include Tetra Pak, Inc., Econocorp, Inc., SIG Combibloc Group, RA Jones & Co. Inc., Gerhard Schubert, Elopak AS, Visy Industries Holdings Pty Ltd., Krones AG, and Shanghai Joylong Industry Co. Ltd. Many unrecognized and local players are expected to contribute to the global beverage cartoners market in 2018-2027.
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Key Segments of Beverage Cartoners Industry Survey
Beverage Cartoners Market by Product Type:
Brick Carton Machines
Gable Top Machines
Beverage Cartoners Market by Output Capacity:
Below 9,000 Packages/Hr
9,000-12,000 Packages/Hr
12,000-24,000 Packages/Hr
Above 24,000 Packages/Hr
Beverage Cartoners Market by End-use Application:
Beverage Cartoners for Fruit Juices
Beverage Cartoners for Dairy Products
Beverage Cartoners for RTD Tea & Coffee
Beverage Cartoners for Carbonated Soda
Beverage Cartoners for Water
Beverage Cartoners for Alcoholic Beverages
Beverage Cartoners Market by Region:
North America Beverage Cartoners Market
Latin America Beverage Cartoners Market
Europe Beverage Cartoners Market
East Asia Beverage Cartoners Market
South Asia & Pacific Beverage Cartoners Market
Middle East & Africa (MEA) Beverage Cartoners Market
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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