Press Release

Asia Pacific to Register Significant Growth in Beverage Carton Packaging Machinery Market during Forecast Period

Changes in lifestyles is boosting the growth of the ready to drink beverages which is driving the growth of the global beverage carton packaging machinery market

According to TechSci Research report, Global Beverage Carton Packaging Machinery Market, By Type, By Application, By Functional Automation, By Company and By Region, Forecast & Opportunities, 2024, Global beverage carton packaging machinery market was valued close to $ 480 million in 2018 and the market is poised to grow at impressive rate in the forthcoming years. Factors such as increasing consumption of beverages, changing lifestyle of people and driving the growth of the beverage carton packaging machinery market. Another factor that is positively influencing the growth of the market is increasing consumption of alcoholic beverages such as wine, beer, whisky, among others. However, high cost associated with setting up plant and lack of skilled labour can hinder the growth of the market.

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Beverage Carton Packaging Machinery market can be segmented based on type, application, functional automation and region. On account of changes in lifestyle, alcoholic beverages such as beer, whisky, wine, among others, are witnessing high demand, driving the growth of the alcoholic segment in the forecast period. Based on the type, market can be segmented into horizontal end side load cartons, top load carton, vertical leaflet, wraparound cartons, among others. Owing to the affordable pricing and flexible design of horizontal end side load cartons, the segment is poised to grow at impressive rate in the forthcoming years.

Langfang Best Crown Packing Machinery, Krones AG, Bosch Packaging Technology, GPI Equipment, Carlo Gavazzi Automation S.p.A, Mitsubishi Electric Corp., Elopak, KHS GmbH, OPTIMA Packaging Group GmbH, Tecnicam S.r.l, among others are the leading players operating in the market. Companies operating in the market are employing various strategies including expansion, product development and collaboration in order to increase their share in the market. Like, Langfang Best Crown Packing Machinery, which is one of the major players in the market is investing in advanced technology in order to improve the production technology of liquid filling.

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“Asia Pacific beverage carton packaging machinery market accounted for the largest share in 2018 and is anticipated to grow at highest rate during the forecast period as well on account of changing lifestyle choices, growing demand for ready to drink beverages in various economies such as China, India, among others. In the region, China is likely to dominate the market owing to high demand and presence of major players in the country.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Beverage Carton Packaging Machinery Market, By Type, By Application, By Functional Automation, By Company and By Region, Forecast & Opportunities, 2024 has evaluated the future growth potential of global Beverage Carton Packaging Machinery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global Beverage Carton Packaging Machinery market.

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Global Beverage Carton Packaging Machinery Market, By Type (Horizontal End Side-Load Cartons, Top-Load Carton, Vertical Leaflet, Wraparound Cartons and Others), By Application (Alcoholic Beverages, Soft Drinks, Dairy Beverages), By Functional Automation (Semi-Automatic Machines and Automatic Machines), By Company and By Region, Forecast & Opportunities,

Consumer Goods and Retail | Dec, 2017

Increasing consumption of ready to drink beverages, growing economic conditions and increasing demand for beverages among youth globally, drives the Global Beverage Carton Packaging Machinery Market through 2024

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