Global Beverage Carton Packaging Machinery Market Research Report: Analysis by Sales, Price, Revenue and Share - 2022

 Bharat Book
  4th-Dec-2017
 469

The increasing consumption of beverages, in the main alcoholic drinks like beer and vodka, drives the market place for beverage packaging. Prepacked beverages need protection against wetness and different environmental changes, that is the major challenge for the market. The beverage carton packaging machinery market is calculable at USD 746.9 million in 2017 and is projected to achieve USD 840.7 million by 2022, at a CAGR of 2.39%. The rise in disposable income has led to an increase in demand for ready-to-drink product, which, in turn, has contributed to the expansion of the beverage carton packaging machinery market.

Beverage Carton Packaging Machinery Market is projected to grow at a CAGR of 2.39% from 2017 to 2022

The beverage carton packaging machinery market is estimated at USD 746.9 million in 2017 and is projected to reach USD 840.7 million by 2022, at a CAGR of 2.39%. The increasing consumption of beverages, mainly alcoholic drinks such as beer and vodka, drives the market for beverage packaging. Packaged beverages require protection against moisture and other environmental changes, which is the major challenge for the market.

Based on type, the horizontal end side-load cartoners segment accounted for the largest share of the beverage carton packaging machinery market in 2016

The horizontal end side-load cartoners segment led the beverage carton packaging machinery market in 2016; this segment is projected to retain its leading position through 2022. Horizontal end side-load cartoners are most commonly used in the packaging industry owing to their characteristics such as compact footprint, flexible design, and affordable price. Horizontal end side-load cartoners are extensively used in low-speed applications and for products that have a stable base.

Based on application, the dairy products segment accounted for the largest share of the beverage carton packaging machinery market in 2016

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Based on application, the beverage carton packaging machinery market has been segmented into dairy products, soft drinks, and alcoholic beverages. The dairy products segment led the beverage carton packaging machinery market in 2016. With the consumers’ growing demand for fresh products with longer shelf-life, dairy manufacturers are turning toward packaging solutions that ensure maximum decontamination.

The Asia Pacific beverage carton packaging machinery market is expected to witness the highest growth during the forecast period

The Asia Pacific beverage carton packaging machinery market is projected to grow at the highest CAGR between 2017 and 2022. Among all Asia Pacific countries, China was the largest market for beverage carton packaging machinery in 2016 and is projected to grow at the highest CAGR during the forecast period. The increase in disposable income of individuals has led to a rise in demand for ready-to-drink products, which, in turn, has contributed to the growth of the beverage carton packaging machinery market in the Asia Pacific region. Furthermore, the evolving retail landscape in China also indirectly supports the beverage carton packaging machinery market growth.

Breakdown of Primaries
- By Company Type: Tier 1 – 35%, Tier 2 – 30%, and Tier 3 – 35%
- By Designation: C Level – 65%, Manager Level – 35%
- By Region: Europe – 28%, North America – 25%, Asia Pacific – 22%, Middle East & Africa – 15%, and South America – 10%

The key players profiled in the report are as follows:
1. Langfang Best Crown Packing Machinery (China)
2. ACG Worldwide (India)
3. KHS (Germany)
4. Krones (Germany)
5. GPI Equipment (US)
6. Bosch Packaging Technology (Germany)
7. Econocorp (US)
8. Jacob White Packaging (UK)
9. Bradman Lake Group (UK)
10. Mitsubishi Electric (Japan)

To browse full research report with TOC, click the link below :
https://www.bharatbook.com/packaging-market-research-reports-958807/beverage-carton-packaging-machinery-type-application-region-global-forecast.html

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Domain: Business
Category: Management
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