Global Cartoning Equipment Market 2017-2021

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Overview of the global cartoning equipment market

Market research analysts at Technavio predict that the global cartoning equipment market will grow steadily at a CAGR of more than 3% by 2021. The advancements in the cartoning equipment is identified as one of the primary growth factors for this market. Cartoning equipment companies are increasingly concentrating on creating innovative machinery to assist vendors in attaining new opportunities to present merchandise and improve product convenience. Though cartoning machines were considered mechanically less efficient before 2010 advancements in technology have paved the way for developments in these machines that resulted in the automation of the various processes such as the opening, filling, and gluing at high speeds. Innovations in cartoning techniques will result in the development of advanced equipment, which will subsequently, drive market growth.

The implementation of robotics is one of the latest trends that will contribute to the growth of this market in the forthcoming years. Industrial robots are likely to revolutionize the manufacturing processes during the forecast period since the use of robotics makes the process much faster, smarter, and less expensive. Robots can carry out more tasks that are way beyond the capabilities of traditional, repetitive, and dangerous processes such as welding and materials handling. Moreover, robots are also taking on human capabilities such as sensing, memory, object recognition, and trainability. As a result, they are suitable for the cartoning equipment sector, which includes tasks such as picking and packaging, inspecting products, and assembling minute electronics.

Competitive landscape and key vendors  

The key vendors in the cartoning equipment market hold the maximum market share. Bosch is one of the key vendors that supplies technology and services to many industries. The company manufactures cartoning equipment for the packaging of cosmetic, food, and pharmaceutical products. Moreover, Bosch offers filling, processing, and packaging technology for confectionary and pharmaceutical sectors and also provides packaging solutions for food, healthcare, and personal care products.

The leading vendors in the market are -

• Bosch
• ECONOCORP
• RAMA
• LoeschPack

The other prominent vendors in the market are ADCO Manufacturing, Bradman Lake, Douglas Machine, Kliklok-Woodman, Optima, PMI Cartoning, and Serpa Packaging Solutions.

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Segmentation by end-user and analysis of the cartoning equipment market

• Food industry
• Personal care industry
• Pharmaceutical industry
• Household products industry

During 2016, the food industry accounted for the major shares of the cartoning equipment market. Factors such as the changing consumer behavior and the rising demand for convenience food that necessitate the use of carton packaging will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the cartoning equipment market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the cartoning equipment market throughout the forecast period. The increase in the use of cartoning equipment in the food industry and the rise in demand for meat products in MEA will drive the growth of the market in EMEA. Europe, the UAE, Iran, South Africa, and Israel are some of the major contributors to the market's growth in the region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cartoning equipment market?
• What are the key market trends impacting the growth of the global cartoning equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global cartoning equipment market?
• What are the market opportunities and threats faced by the vendors in the global cartoning equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global cartoning equipment market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming industry research report on the global cartoning equipment market offers insights into the key trends and emerging drivers influencing the growth of the transportation and logistics industry. Our collection of market research reports for the transportation and logistics industry follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like warehouse and storage.

By considering the market forecast and size, the market research professionals at Technavio offer an exclusive picture of the global cartoning equipment market for the estimated period of 2017 to 2021. Furthermore, our research practices help clients develop effective growth strategies and stay updated with the continually changing market landscape. This market report also presents a detailed analysis of several warehouse and storage services based on the assessment of the information gathered from specific resources such as manufacturers and decision makers. This upcoming market research report on the global cartoning equipment market also covers vendors like OYSTAR, Bosch, ONEX, ATS, GEA, and ITW.

This market research report on the global cartoning equipment market also takes into account the growth of similar markets like wrapping equipment and automated material handling equipment, which are anticipated to post an impressive CAGR of over 6% and close to 8%, respectively during the forecast period. According to our analysts, factors such as cost-effectiveness, reduced energy consumption, less raw material and limited workforce requirement may have an impact on the global demand for cartooning equipment.

The upcoming industry research report for global cartoning equipment market also categorizes the key drivers, major trends, as well as the restraints faced by the warehouse and storage industry. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the transportation and logistics industry. Technavio also provides deep-dive market assessments into the sectors such as transportation and distribution, packaging, and tags and labels.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.