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Horizontal Cartoning Machines Market Trends

Report ID: GMI12563
Published Date: Dec 2024
Report Format: PDF

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Horizontal Cartoning Machines Market Trends

Technological innovation in the global packaging machinery industry is accelerating. Companies are investing in artificial intelligence, advanced software, and other advanced technologies. As more companies offer advanced machinery, the adoption of these technologies, from sensors to software, is expected to become mainstream. Additionally, many companies are focusing on customization to create innovative packaging and attract customers. Globally, companies face workforce challenges like retaining skilled operators, rising labour costs, and ensuring worker safety during the pandemic. These issues are driving increased interest in artificial intelligence and automation technologies.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for horizontal cartoning machines was valued at USD 2.9 billion in 2023 and is expected to reach USD 4.5 billion by 2032, driven by a CAGR of over 5.2% from 2024 to 2032.

The food and beverage segment held around 33% of the total market share in 2023 and is anticipated to grow at a CAGR of 5.6% from 2024 to 2032, driven by the sector's demand for packaging that ensures product freshness and safety.

The North America market, led by the U.S., was valued at USD 700 million in 2023, driven by increased automation and expansion in the pharmaceutical, healthcare, and food and beverage industries.

Major players in the industry include ADCO Packaging Solutions, BW Integrated Systems, Econocorp, Eliter Packaging Machinery, IMA Group, Infinity Automated Solutions, Jacob White Packaging, Marchesini Group, Mespack, and Mpac Group.