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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:
- Combi Packaging System LLC
- Lantech
- Wexxar/BEL Packaging
- Wayne Automation Corporation
How big is the automatic carton erector market?
The market size of automatic carton erector was worth USD 1.3 billion in 2023 and is anticipated to witness over 4.5% CAGR from 2024 to 2032, owing to their higher adoption to automate the process of setting up cardboard cartons or boxes for packaging purposes.
Why is the demand for semi-automatic carton erectors rising?
The automatic carton erector industry size from the semi-automatic automation type segment is expected to witness 4.7% CAGR from 2024 to 2032, driven by their higher usage of handle a wider range of carton sizes and types compared to some fully automatic machines.
How is the demand for automatic carton erectors rising in food and beverages?
Automatic carton erector industry from the food and beverage application segment reached a valuation of USD 474 million in 2023, driven by increasing disposable income, changing food preferences, and the rise of e-commerce.
What is the value of the North America automatic carton erector market?
North America dominated 37.2% share of the automatic carton erector industry in 2023, primarily due to the strong manufacturing base, high automation adoption rates, and growing demand for packaged goods in the region.