NEW YORK, June 11, 2022 /PRNewswire/ — As per the Zion Market Research study, The global end cartoning machine market is expected to grow at a 5.1% CAGR during the forecast period. The global market is projected to surpass $9.2m by 2028. The report analyzes the end cartoning machine market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global end cartoning machine market.
Key Industry Insights & Findings of the End Cartoning Machine Market Reports:
- As per the analysis shared by our research analyst, the End Cartoning Machine Market is expected to grow annually at a CAGR of around 5.1% (2022-2028).
- Through the primary research, it was established that the End Cartoning Machine Market was valued at projected to reach roughly USD 9.2 Million by 2028.
- The global end cartoning machine market is anticipated to be dominated by Asia-Pacific registering the highest CAGR during the forecast period.
- The heavily invested healthcare industry is also expected to boost the global market share of North America during the forecast period.
- The Middle East and Latin America have also been showing signs of growing exponentially in the global market for the forecast period.
Zion Market Research published the latest report titled “End Cartoning Machine Market By Product Type (Less Than 70 CPM, 70 CPM To 150 CPM, 150 CPM To 400 CPM, And More Than 400 CPM), By Orientation (Horizontal And Vertical), By Dimensions (Less Than 200 CC, 200 CC To 1,000 CC, 1,000 CC To 5,000 CC, 5,000 CC To 10,000 CC, And More Than 10,000 CC), By End-Use (Food & Beverage, Personal Care, Healthcare, And Others), And By Region: Global And Regional Industry Overview , Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028” into their research database.
End Cartoning Machine Market: Overview
End cartoning machine is the equipment used at the very end of the packaging process. The global market is spread across multiple sectors including pharmaceuticals, food & beverages, and personal care which have shown the most use for the product.
Cartoning machines are used to mechanically pick one single piece of carton from a folded stack of cartons, erect the selected carton, fill the sealed carton from the open end and then completely seal it from all ends. End cartoning is an important aspect of packaging since it helps in maintaining the product’s quality.
End cartoning machines are sometimes specially designed as per business needs and are patented for further use. Cartoning machines can be categorized mainly into two types: horizontal and vertical. Their use depends on business requirements.
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End Cartoning Machine Market: Growth Drivers
- Increase in demand for sundry goods, packaged food items, FMCG products, and cosmetics to become critical growth drivers.
The global market has been witnessing a surge in demand for packaged food items, cosmetics, FMCG, and sundry goods. The changing customer preference is propelling the global market toward growth. Business leaders have also been utilizing the global market demand in their favor by launching multiple options for the same kind of products. The availability of multiple options is a key tactic to increase global market size. Consequently, this will increase the demand cycle for the end cartoning machines causing the global end cartoning machine market to grow during the forecast period .
- Increased investment in advanced technology/innovation and brand differentiation to propel market growth.
The competitive global market has forced market leaders to constantly look for innovative technologies to meet versatile market demands. The increased monetary and non-monetary investment in innovation is anticipated to become a leading growth driver in the global market.
Multiple business competitors are added to the market daily. Hence brand differentiation becomes important for businesses to leave a mark on consumers. The need for brand differentiation has been higher than ever in current market situations propelling the global market growth.
- Rise in e-commerce and automation to assist global market growth
In the last few years, e-commerce has shown exponential growth. Meeting the rising demands caused by e-commerce has forced the global market to grow simultaneously.
Market leaders are keen on automating as many processes as they can to eliminate manual errors and save time & energy. The increase in automation in monotonous processes to become a key global market growth driver.
End Cartoning Machine Market: Restraints
- Non-essential cost reduction to restrain global market growth.
The volatility of the global market has caused businesses to re-do and work within the budget to garner profits. This has caused many organizations to cut down on non-essential expenses. With this decision, packaging can sometimes become a part of the non- critical component of the product. This restrains the growth of the global end cartoning machine market.
- Changes in climatic conditions…