Beverage Cartoners Market to Represent a Significant Expansion at 4.8% CAGR by 2027
Future Market Insights (FMI) delivers key insights on the global
beverage cartoners market in its published report, titled “Beverage
Cartoners Market: Global Industry Analysis 2013 – 2017 and Opportunity
Assessment 2018 – 2027.” In terms of revenue, the global beverage
cartoners market is estimated to grow at a CAGR of 4.8% during the
forecast period, owing to numerous factors, about which FMR offers
thorough insights and forecasts in this report. The European beverage
cartoners market is expected to remain in the leading position during
the forecast period.
Beverage cartoners are multi-functional machines that create cartons
from flat blanks; secures carton by slots and pre-cut tabs and lastly
seals them by adhesives or heat. Beverage cartoners are an integration
of various machines into a single unit. The output performance of these
machines is usually measured in terms of production capacity, that is,
the number of packages created per hour. Beverage cartoners are
reliable, simple, and require a single person to operate. These machines
are highly efficient, ensuring low operating costs. Beverage cartoners
provide excellent protection against environmental factors to the
packaged products, and their high efficiency helps to reduce delivery
time of products, thereby increasing the production capacity.
In the report, FMI suggests that the brick carton machine segment is
expected to play a key role in the growth of the beverage cartoners
market during the forecast period. Beverage cartoners are expected to
witness significant growth in many emerging countries owing to the rise
of demand for aseptic packaging. Brick carton machines are used in the
packaging of various types of beverages ranging from fruits juices to
ready-to-drink tea & coffee. The research also suggests that the
brick carton machine segment is anticipated to be one of the highest
contributors to the growth of the beverage cartoners. Gable top machines
are anticipated to witness the highest growth in the beverage cartoners
market during the forecast period. The growth is mainly attributed to
the contributions of countries like Germany and UK in the European
region. In North America, beverage cartoners market has been estimated
to have high growth potential, considering that most of the
manufacturing sector has been captured by gable top machines segment of
beverage cartoners. Manufacturer are adopting beverage cartoners as it
reduces the labour cost and increases efficiency. Germany is expected to
be at the forefront, spearheading the growth of the European beverage
cartoners market during the forecast period. According to the research
by FMI, beverage cartoners market has witnessed rapid growth in the past
couple of decades and steadily rose to over-capacity of production in
Germany and the UK. Germany’s annual beverage cartoners market yield and
production enables it to tower over other European countries.
Some of the key drivers for the growth of the global beverage
cartoners market include growing demand in end-use applications such as
fruit juices, dairy products, and ready-to-drink tea & coffee, etc.
Though beverage cartoners are more expensive machines, they are more
reliable.
The key focus of companies involved in the manufacturing of beverage
cartoners is enhancing their production capacity, both by expanding new
production facilities and by improving existing sites. The key motive is
to have a worldwide presence through collaborations, acquisitions, or
by exports in the beverage cartoners market. The manufacturers of
beverage cartoners are likely to eye the lucrative regions of Europe
& North America in the coming years. Mass urbanization in countries,
coupled with upgraded standards of packaging solutions, is expected to
be the fundamental driving forces behind growth in demand for beverage
cartoners. The beverage cartoners market is in for a dramatic turn of
events in the next decade, as the focus shifts towards the Asia Pacific.
Key players considered in the report on beverage cartoners market
include Tetra Pak, Inc., Econocorp, Inc., SIG Combibloc Group, RA Jones
& Co. Inc., Gerhard Schubert, Elopak AS, Visy Industries Holdings
Pty Ltd., Krones AG, and Shanghai Joylong Industry Co. Ltd. Many
unrecognized and local players are expected to contribute to the global
beverage cartoners market in 2018-2027.