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The global beverage carton packaging machinery market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Beverage carton packaging machinery utilizes biodegradable and lightweight corrugated cardboard boxes for the secondary packaging of dairy-based, alcoholic and non-alcoholic beverages. These cardboard boxes assist in protecting the content against environmental factors, such as moisture, bacteria and dust, and enhancing its safety during the storage and logistics cycle. As beverage carton packaging machinery produces customized boxes in varied styles, shapes and designs while minimizing manual intervention and ensuring product quality, it finds extensive application in the packaging of dairy beverages, carbonated sodas and beer, basic water bottling lines, and hot fill items like juices and teas.
The rising incidences of water-borne diseases, in confluence with the emerging health and wellness trends, are promoting the adoption of bottled water worldwide. This represents a major growth-inducing factor driving the beverage carton packaging machinery market. Additionally, changing lifestyles and inflating income levels are shifting consumer preference towards convenient, ready-to-drink canned beverages, which is influencing the market positively. Apart from this, numerous manufacturers are emphasizing industrial automation to reduce labor costs, minimize scrap during the production process, and achieve maximum product uniformity. They are also focusing on cardboard packaging to improve the green credentials of their businesses, which, in turn, is escalating the demand for beverage carton packaging machinery worldwide. Moreover, fast speed, improved productivity, optimal product hygiene and reduced overall costs are other advantages contributing to the market growth. Furthermore, the integration of the latest sensors, programmable controllers, and human-machine interface (HMI) to introduce advanced variants with innovative features is anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global beverage carton packaging machinery market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, mode of operation and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Bradman-Lake Group Limited (Langley Holdings Plc), Cariba Srl, Douglas Machine Inc., Econocorp Inc., Jacob White Packaging Ltd., KHS GmbH (Salzgitter AG), Krones AG, Mpac Group Plc, R.A Jones (Coesia S.p.A.), Sidel (Tetra Laval International S.A.), Syntegon Technology GmbH and Tishma Technologies LLC (Intertape Polymer Group Inc).
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