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Wrap-Around Cartoning Machines Market Share

Report ID: GMI12575
Published Date: Dec 2024
Report Format: PDF

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Wrap-Around Cartoning Machines Market Share

In 2023, key companies like Cama group, Douglas machine, Econocorp, Syntegon, etc. held a combined market share of 40-45%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced wrap-around cartoning machines that aligns with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Wrap-Around Cartoning Machines Market Companies

Major players operating in the wrap-around cartoning machines industry are:

Atlanta Packaging Technology and Machinery
Cama Group
Coesia S.p.A.
Douglas Machine
Econocorp
Jacob White Packaging
Jochamp
Mpac Group
Omori Machinery
OPTIMA packaging
Shibuya Corporation
Syntegon Technology

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for wrap-around cartoning machines was valued at USD 1.8 billion in 2023 and is expected to reach USD 3.6 billion by 2032, driven by a CAGR of over 7.5% from 2024 to 2032.

The vertical segment held a market value of USD 1.01 billion in 2023 and is projected to grow at a CAGR of 6.9% during the forecast period, driven by its ability to enhance product presentation and ensure precise handling.

The U.S. market was valued at USD 350 million in 2023 and is expected to grow at a CAGR of over 7.8% from 2024 to 2032, driven by the increasing adoption of automation to enhance productivity and reduce manual labor.

Major players in the industry include Atlanta Packaging Technology and Machinery, Cama Group, Coesia S.p.A., Douglas Machine, Econocorp, Jacob White Packaging, Jochamp, Mpac Group, Omori Machinery, OPTIMA packaging, Shibuya Corporation, and Syntegon Technology.