Beverage Carton Packaging Machinery Report 2024, with Profiles of 40+ Players Including ACG, Bosch Packaging, Cariba, Econocorp, Elopak, Galdi, GPI Equipment and Imanpack Packaging and Eco Solutions
Group 1 AutomotiveGroup 1 Automotive(US:GPI) GlobeNewswire News Room·2024-11-21 09:03

Core Insights - The global market for Beverage Carton Packaging Machinery is projected to grow from US$1.2 Billion in 2023 to US$1.9 Billion by 2030, with a CAGR of 6.3% [1][11]. Market Trends and Drivers - The growth of the beverage carton packaging machinery market is driven by increasing demand for sustainable packaging solutions, advancements in automation technology, and the expansion of the beverage industry [4][6]. - Consumers and regulatory bodies are pushing for environmentally friendly packaging, leading beverage companies to prefer carton packaging over plastic or glass due to its recyclability [4][6]. - Advancements in automation and IoT have improved the performance and monitoring capabilities of packaging machinery, enhancing productivity and reducing operational costs [4][5]. - The rise of health-conscious consumer segments has increased demand for specialized packaging solutions in functional and plant-based beverages [5][6]. Market Segmentation - The report categorizes the market by type, mode of operation, and application, highlighting significant growth in the Horizontal End Side-Load Cartoner segment, expected to reach US$726.9 Million by 2030 with a CAGR of 6% [8]. - The Top-Load Cartoner segment is projected to grow at a CAGR of 6.4% during the analysis period [8]. - The U.S. market is estimated at US$324.0 Million in 2023, while China's market is forecasted to grow at a 9.3% CAGR to reach US$429.9 Million by 2030 [8]. Key Players - Major companies in the Beverage Carton Packaging Machinery market include ACG Worldwide, Bosch Packaging Technology, Bradman Lake Group, Cariba, and Cornwell Products Packaging [10][13].

Group 1 Automotive-Beverage Carton Packaging Machinery Report 2024, with Profiles of 40+ Players Including ACG, Bosch Packaging, Cariba, Econocorp, Elopak, Galdi, GPI Equipment and Imanpack Packaging and Eco Solutions - Reportify