Global Beverage Carton Packaging Machinery Market Analysis & Trends - Industry Forecast to 2030
Beverage Carton Packaging Machinery: Market Size
From $979.34 million in 2024, the global Beverage Carton Packaging Machinery market is projected to reach $1,420.97 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 6.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include focus on untapped markets, technological development and rising demand for beverage consumption in emerging economies.
Global Beverage Carton Packaging Machinery Market: Market Dynamics
Increasing concerns over plastic waste and its harmful impacts on the environment including, increasing demand for beverages and quick urbanization coupled with increase in disposable income in nations. Additionally, changing lifestyles coupled with an increasing focus on convenience is driving the demand for ready-to-drink beverages, which in turn is likely to have a positive impact on the growth of the market for beverage carton packaging machinery. Moreover, the overall growing beverage industry across the globe is further predicted to drive the demand for beverage carton packaging machinery over the coming years.
On the other hand, the high initial cost and lack of skilled laborers is likely to obstruct the profit boundaries. In addition, Growth in wine demand and wine sector globally will further boost for the Beverage Carton Packaging Machinery market.
Impact of COVID-19 on Beverage Carton Packaging Machinery
COVID-19 had a huge impact on all regions, including North America, Europe, Asia-Pacific, South America, and the rest of the world. Due to the spread of COVID-19, there have been a growing number of death cases and long-term health impacts. This has resulted in the government imposing severe lockdown regulations, impacting all aspects of the economy. Governments around the world have developed policies for responding to the various impacts caused by COVID-19 for avoiding supply chain disruptions, higher raw material prices, and severe economic fallout for employees. Europe and the Asia Pacific are some of the major regions that are significantly impacted by the COVID-19 scenario. This is because of the huge number of cases recorded in the provinces, especially in the countries such as Spain, Italy, France, Germany in Europe and Japan, China, and South Korea in the Asia Pacific. Companies in different countries are coming up with innovative technologies that are friendly to the environment and protect the beverages from any kind of contamination with germs.
By Mode of Operation
Automatic Segment Dominate the Market in 2024
The Automatic segment made huge revenue in 2024 and growing its prominence during the forecast period. Automation offers several advantages, comprises a decrease in operating and labor costs, development in worker safety, and waste reduction, as well as maximizes the uptime. Labor unavailability, most notably in sparsely populated countries coupled with a growing focus on product quality consistency are expected to drive the growth of the segment. Additionally, growing demand for a wide variety of beverage products coupled with an increasing focus on reducing the operating costs is further anticipated to drive the demand for automatic beverage carton packaging machinery. Furthermore, beverage manufacturing companies are also increasingly investing in automation, which is, in turn, expected to drive the growth of this segment.
By Geography
North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period, owing to the growing demand for premium and ultra-premium beverages coupled with rising demand for ready-to-drink non-alcoholic beverages is expected to have a positive impact on the market in the province. In addition, growing cocktail culture and social media are further likely to increase the demand in the coming years. Moreover, rising demand for a variety of alcoholic beverages such as craft beer, canned wine, and pre-bottled cocktails is expected to benefit the market, and also increasing number of breweries in North America is further anticipated to have a positive impact on the market for beverage carton packaging machinery.
List of the Key Players Profiled in the Market Include: • ACG Worldwide
• Bosch Packaging Technology
• Bradman Lake Group
• Cariba
• Cornwell Products Packaging
• Econocorp
• Elopak
• Galdi
• Gerhard Schubert
• GPI Equipment
• Imanpack Packaging and Eco Solutions
• Jacob White Packaging
• Krones
• Langfang Best Crown Packing Machinery
• Loeschpack Verpackungstechnik
• Mitsubishi Electric
• N.R. Narong Group
• Nichrome Packaging Solutions
• Pakmatic Company
• R.A Jones Group
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others