Automatic Carton Erector Market Size - By Product Type (Horizontal Carton Erector, Vertical Carton Erector), By Automation Type (Semi-automatic, Automatic), Operating Speed, Application, Distribution Channel & Forecast, 2024 – 2032
Report ID: GMI7863
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Published Date: January 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 279
Countries covered: 19
Pages: 310
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Automatic Carton Erector Market Size
Automatic Carton Erector Market was valued at USD 1.30 billion in 2023 and is set to observe 4.5% CAGR from 2024 to 2032. The surge in the demand for packaging products across diverse industries has significantly contributed to the market's growth. This heightened demand is attributed to the global emphasis on efficient and visually appealing packaging, driving companies to adopt automated solutions.
Rising demand for effective and automated packaging solutions across numerous sectors has fueled the adoption of automatic carton erectors. The growth in the e-commerce sector is another major driver, as online retailers seek streamlined and rapid packaging processes to meet the increasing demands of online shoppers. Additionally, the need to cut labor costs and minimize human error in the packaging process has become a critical driver, prompting companies to invest in automated solutions like carton erectors that enhance efficiency and precision while reducing reliance on manual labor.
The high cost of installation associated with these advanced packaging solutions is a major setback for this market. The initial investment required for acquiring and installing automatic carton erectors can be substantial, posing a challenge for smaller businesses with constrained budgets. Moreover, the ongoing operational expenses are influenced by the high costs associated with regular maintenance. The expenses incurred in maintaining the efficiency and longevity of automatic carton erectors can contribute to the overall cost of ownership, potentially hindering widespread adoption across certain market segments.
Automatic Carton Erector Market Trends
Manufacturers within this industry are actively investing in R&D initiatives to enhance the capabilities, features, and overall efficiency of automatic carton erectors. Innovations in robotics, artificial intelligence, and automation technologies are being incorporated to develop next-generation automatic carton erectors that offer increased speed, precision, and adaptability to diverse packaging requirements. The emphasis on R&D underscores a dynamic market where continual improvement and the introduction of novel products are pivotal for sustained growth and market leadership.
Automatic Carton Erector Market Analysis
The vertical carton erector segment dominated market share of about 61.6% in 2023 by generating a revenue of USD 500 million. This dominance is due to their space efficiency and flexibility as they utilize a smaller space and can handle different carton sizes and types. They are also easier to maintain and clean. Additionally, switching between carton types is typically quicker on vertical erectors compared to horizontal models.
The semi-automatic carton erectors held approximately 54.4% share of the automatic carton erector market in 2023 and is expected to witness more than 4.7% CAGR through 2032. This dominance is attributed due to their lower costs, making them more accessible for businesses with budget constraints or lower production volumes. Additionally, these erectors often handle a wider range of carton sizes and types compared to some fully automatic machines.
The 21 to 60 cartons per minute segment captured the largest market share of about 46.2% in 2023. This dominance can be attributed to its suitability for a wide range of applications, including food and beverage, consumer goods, and pharmaceuticals. These industries require high-volume packaging but may not necessitate the ultra-high speeds offered by the highest segment.
Based on the application the market is segmented into Food and Beverage, Pharmaceuticals, Personal Care & Cosmetics, Electronics & Consumer Goods, and Others such as E-commerce & Logistics, Automotive, etc. Among these segments, the food and beverage industry in 2023 commands the largest market share generating a revenue of USD 474 million with a market share of 36.4%. This is due to the substantial and ever-growing demand for packaged food and beverage products, driven by factors like increasing disposable income, changing food preferences, and the rise of e-commerce.
The indirect sales segment, where distributors and retailers provide manufacturers with access to a broader customer base than selling directly, reaching diverse markets and niche applications, currently holds the largest market share of 58.6% in 2023. This is because the indirect sales allow distributors to specialize in promoting specific product lines and have expertise in reaching targeted audiences, alleviating marketing, and sales burdens for manufacturers.
North America acquired 37.2% share of the largest share of the automatic carton erector market in 2023, primarily due to the region's strong manufacturing base, high automation adoption rates, and growing demand for packaged goods. This rapid growth can also be attributed to the region's booming e-commerce sector, rising disposable income, and increasing demand for sustainable packaging solutions. Additionally, government initiatives promoting automation and industrial development are further fueling the regional growth.
Automatic Carton Erector Market Share
In 2023, dominant market players, including Lantech, Combi Packaging Systems LLC, Wexxar/BEL Packaging, and Wayne Automation Corporation collectively hold a substantial 29% market share. The automatic carton erector industry is moderately fragmented in nature. The mentioned industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their designs and incorporate new technologies, allowing them to stay ahead of the competition.
Automatic Carton Erector Market Companies
Major players operating in the automatic carton erector industry include:
Automatic Carton Erector Industry News
This automatic carton erector market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2018 to 2032, for the following segments:
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Market, By Product Type
Market, By Automation Type
Market, By Operating Speed
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: