Market Research Report
Beverage Carton Packaging Machinery - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||652624|
|Published||Content info||192 Pages
Delivery time: 2-3 business days
|Beverage Carton Packaging Machinery - Global Market Outlook (2017-2026)|
|Published: April 1, 2018||Content info: 192 Pages||
According to Stratistics MRC, the Beverage carton packing machinery market is estimated at $620.23 million in 2017 and is projected to reach $950.25 million by 2026, at a CAGR of 4.8%. Changing lifestyles of people, rising beverage consumption in emerging economies, technological development and increasing wine demand and wine industry globally are some factors favoring the market growth. However, factors such as packaged beverages require protection against moisture and other environmental changes which is the main challenge for the market.
In beverage packaging landscape, the major types of materials and components include Rigid Plastics, Flexible Plastics, Paper & Board, Rigid Metal, Glass, Closures and Labels. Types of packaging may include bottle, can, pouch, cartons and others. Cartons are hugely popular with consumers as they are light, unbreakable and keep the quality of the contents. They are also very popular among manufacturers.
Amongst application, the dairy products segment is leading the market due to the growing customers demand for fresh products with longer shelf-life, dairy manufacturers are turning toward packaging solutions that guarantee maximum decontamination. Asia Pacific accounted for the largest share during forecast period. The growth of the market in developing countries such as China and India can be attributed to rapid urbanization and increased disposable incomes.
Some of the key players in the Beverage Carton Packaging Machinery Market include Elopak, Econocorp, SIG Combibloc, Bosch Packaging Technology, R.A Jones Group, GPI Equipment, Gerhard Schubert, Krones, Pakmatic Company, KHS, Mitsubishi Electric, ACG Worldwide, Bradman Lake Group, Langfang Best Crown Packing Machinery and Jacob White Packaging.