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Beverage Carton Packaging Machinery Market 2024 -2033: Global Outlook, Industry Share, Business Growth And Major Players | KHS GmbH, Econocorp Inc., Jacob White Packaging, Bradman Lake Group, Mpac Group plc
Beverage Carton Packaging Machinery Market
The Business Research Company presents an extensive market research report on the Beverage Carton Packaging Machinery Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The beverage carton packaging machinery market size has grown strongly in recent years. It will grow from $1.14 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to innovation in carton sealing, user-friendly interfaces, diversification in beverage offerings, quality control and assurance, shift towards sustainable packaging..
The beverage carton packaging machinery market size is expected to see strong growth in the next few years. It will grow to $1.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to user-friendly interfaces , aseptic packaging demand, robotics in packaging, global market expansion, cost optimization.. Major trends in the forecast period include sustainable packaging demands, increased product diversification, advancements in automation, focus on hygiene and safety, rise in customization..
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Key Market Players:
Major companies operating in the beverage carton packaging machinery market report are KHS GmbH, Econocorp Inc., Jacob White Packaging, Bradman Lake Group, Mpac Group plc., Douglas Machine Inc., Sidel, Krones AG, Tishma Technologies, R.A. Jones Bradman Lake Group Ltd., Mitsubishi Electric Corporation, Langfang Best Crown Packing Machinery Co. Ltd., ACG Group, GPI Equipment, Syntegon Technology, Cariba Srl, Bosch Packaging Technology, Tetra Pak, SIG Combibloc Group AG, Combi Packaging Systems LLC, Pakmatic Company, Pak-Tec Inc., Serac Group, Elopak, Uflex Ltd., IPI srl, BERICAP, Galdi, Nichrome India Ltd., OCME S.r.l.
Market Drivers:
An increase in the use of green packaging materials is expected to propel the growth of the beverage carton packaging machinery. Green packaging, also known as sustainable packaging, employs components and production methods to lower energy consumption and lessen the damaging effects of packaging on the environment. Carton packaging is one of the sustainable packaging options that is increasing the need for beverage carton packaging machinery. For instance, in March 2022, according to the Global Buying Green Report 2021, the market for environmentally friendly packaging in the United States is anticipated to reach US$ 42.7 billion in 2021 and US$ 252.3 billion globally by 2026. Consumers claim to be willing to pay more for sustainable packaging in about 71% of cases, and younger purchasers are even more willing, at 83% of the time. Therefore, an increase in green packaging materials is driving the growth of beverage carton packaging materials.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/beverage-carton-packaging-machinery-global-market-report
The beverage carton packaging machinery market covered in this report is segmented -
1) By Type: Horizontal end side-load, Top-load, Wraparound, Vertical leaflet, Vertical sleeve
2) By Form: Automatic, Semi-automatic
3) By Application: Alcoholic beverages, Soft drinks, Dairy beverages
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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