Report aims at estimating beverage carton packaging machinery market size and future growth potential of beverage carton packaging machinery market across different segments, namely, type, application, functional automation, & region. It also provides detailed information regarding major factors influencing growth of market (drivers, restraints, opportunities, and industry-specific challenges).
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Beverage carton packaging machinery market is estimated at USD 746.9 million in 2017 & is projected to reach USD 840.7 million by 2022, at a CAGR of 2.39%. Increasing consumption of beverages, mainly alcoholic drinks like beer and vodka, drives market for beverage packaging. Packaged beverages require protection against moisture & other environmental changes, which is major challenge for market.
The key players profiled in the report are as follows:
- Langfang Best Crown Packing Machinery(China)
- ACG Worldwide (India)
- Krones (Germany)
- GPIE quipment (US)
- Bosch Packaging Technology(Germany)
- Econocorp (US)
- Jacob White Packaging(UK)
- Bradman Lake Group (UK)
- Mitsubishi Electric (Japan)
The beverage carton packaging machinery market has been segmented into dairy products, soft drinks, and alcoholic beverages. The dairy products segment led the beverage carton packaging machinery market in 2016. With the consumers’ growing demand for fresh products with longer shelf-life, dairy manufacturers are turning toward packaging solutions that ensure maximum decontamination.
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The market ecosystem includes various stakeholders involved in the supply chain of the beverage carton packaging starting from the procurement of raw materials, research & development, and manufacturing. Post this, the marketing and sales of products take place, which is possible if an efficient distribution channel is developed. Finally, end products are made available to potential consumers.
- Raw material suppliers
- Beverage carton packaging machinery manufacturers
- Beverage carton packaging machinery equipment manufacturers
- Packaging consultants
- Machinery suppliers
- Regulatory bodies and governments
Asia Pacific beverage carton packaging machinery market is projected to grow at the highest CAGR between 2017 and 2022. Among all Asia Pacific countries, China was the largest market for beverage carton packaging machinery in 2016 and is projected to grow at the highest CAGR during the forecast period. The increase in disposable income of individuals has led to a rise in demand for ready-to-drink products, which, in turn, has contributed to the growth of the beverage carton packaging machinery market in the Asia Pacific region.
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The high initial cost for setting up the plant acts as a restraint to the growth of the beverage carton packaging machinery market. Various business risks such as lack of skilled laborers in the local market and increase in the length of the supply chain with additional costs are associated with the establishment of production plants.
This may prove to be a greater restraint for smaller players as they need to upgrade their processes and infrastructure to meet the new and more stringent standards with high investments. Furthermore, stringent government regulations for packaging is considered as a restraining factor.