Home > Packaging > Packaging Equipment > Vertical Cartoning Machines Market
The global vertical cartoning machines market was valued at USD 1.9 billion in 2023 and is estimated to grow at a CAGR of over 4.7% from 2024 to 2032.
The vertical cartoning machines industry is growing due to increased demand for automated packaging, the rise of e-commerce, more consumer-packaged goods, expansion in the food & beverage industry, advancements in packaging materials, technological improvements in cartoning machines, and growth in the pharmaceutical and healthcare sectors. Vertical cartoning machines are efficient, reducing labor costs and boosting production speed. As industries automate packaging lines for better throughput and cost savings, these machines are becoming the preferred choice. Moreover, the e-commerce boom has created a need for flexible and efficient packaging solutions. Vertical cartoning machines offer fast and reliable packaging, especially for the smaller packages common in online retail.
Furthermore, the food and beverage industry's demand for consumer-packaged goods drives the need for reliable cartoning machines. These machines help packaging lines keep up with growing consumer demand. The availability of advanced, eco-friendly packaging materials, like biodegradable and recyclable cartons, is also driving market growth. Vertical cartoning machines are adapting to handle these new materials, aligning with sustainability trends.
Report Attribute | Details |
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Base Year: | 2023 |
Vertical Cartoning Machines Market Size in 2023: | USD 1.9 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 4.7% |
2024 – 2032 Value Projection: | USD 2.9 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 180 |
Segments covered: | Machine Type, Capacity, End Use Industry, Distribution Channel and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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