Global Beverage Cartoner Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|全球飲料用裝盒機市場:2021∼2028年 Global Beverage Cartoner Market - 2021-2028|
|出版日期: 2021年08月20日||內容資訊: 英文 180 Pages||
Beverage Cartoner Market Overview
The beverage cartoner market size was worth US$ YY million in 2020 and is estimated to reach US$ YY million by 2028, growing at a CAGR of YY % during the forecast period (2021-2028).
Beverage cartoners are multi-functional machines that produce cartons from flat blanks, secure them by slots & pre-cut tabs, and seal using adhesives. The beverage cartoner design offers valuable production floor space and allows for great accessibility to setup and load areas. Beverage cartoners are easy-to-operate machines that improve the efficiency of production.
The market is likely to expand globally due to thriving manufacturing industries in the beverages industry. A beverage cartoner can transform the production line and make the packaging of products almost effortless. Cartoners come in both semi-automatic and automatic loading varieties, with various types of speed.
Beverage Cartoner Market Dynamics
The global beverage cartoner market is expected to drive with demand for high production operations in the beverage packaging industry and increasing sales for ready-to-drink beverages.
Demand for high production operations in the beverage packaging industry
The demand for increasing production operation in the beverage packaging industry is expected to drive the global beverage cartoner market. The beverage cartoner has made it possible to handle large quantities of packaging for numerous beverages with precise working. There has been a huge need among beverage manufacturers for dynamic machines with high flexibility in all aspects of production due to expanding industry. For instance, the overall category of ready-to-drinks, from flavored drinks to hard seltzers to canned cocktails, has boosted tremendously from 2019-2020, growing at a rate of almost 80%.
The manufacturers are looking for equipment easy to operate and automated product machines in their production lines while also willing for machines that can handle various product formulations and packaging sizes and shapes. In a recent industry survey, 72% of manufactures are interested in increasing their levels of technology-based solutions.
Initial high investments needed for machines
The beverage cartoner market is impacted by the high initial investments needed for machines. The beverage cartoners are costly due to technologically advanced features and automation, which is still uneconomical for most small-scale vendors.
Most of the manufacturers still cannot afford the use of machines for packaging due to the extra cost associated with it. Moreover, many developing nations still prefer manual processes due to cheap labor wages and to maximize the profit margin. Such scenarios are responsible for hampering the beverage cartoner market demand.
COVID-19 Impact Analysis
Due to the pandemic, stakeholders across the beverage cartoner industry have seen a notable impact as all the production work, factories and other activities were closed. As a result, production for all the beverages was hindered by halts and supply chain disruption globally. The beverage industry has faced a significant downfall in sveral during the covid-19 outbreak. For instance, Europe have accounted almost 10% less demand for beer in 2020. Hence, the beverage manufacturers have to decrease their production rate with declining demand, impacting the beverage cartoner market growth. After the pandemic, the governments still impose various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market.
In contrast, the demand for packaged beverages is booming in several regions during the coronavirus pandemic, propelling manufacturers to boost manufacturing capacity to avoid shortages and capitalize on a trend. As bars and restaurants are closed across the globe, consumers rushed to buy packs of drinks, typically sold in cans in stores and supermarkets. According to the industry analysis, the Europe and North America regions noticed a surge in sales of cans for around 10% in the first half of 2020.
Beverage Cartoner Market Segment Analysis
By end-user, the beverage cartoner market is broadly classified into alcoholic beverages and non-alcoholic beverages.
The alcoholic beverages cartoner market is expected to grow at the fastest CAGR during the forecast period (2021-2028)
The alcoholic beverages are expected to hold the largest market for the beverage cartoner market and are expected to continue their dominance in the forecast period. Sales of ready-to-drink alcoholic beverages are the fastest surging segment on a global basis. The alcohol segment is growing with significant demand for hard seltzer and beer cans. In 2019, the sales of alcoholic beverages in the U. S reached over US $250 billion. Canned cocktails remained one of the largest categories of alcoholic beverages, and the growing sales are anticipated to further boost in the upcoming years.
Various alcohol manufacturers companies are shifting to the use of beverage cartoner to increase their production capacity. For instance, in 2021- Bruggsmiðjan Kaldi Brewery has installed a new versatile Econocorp E-2000 cartoning machine in its new can line. The company has developed its production facility and machine system due to increased demand for beer cans.
Beverage Cartoner Market Geographical Analysis
Europe region holds the largest market for the global beverage cartoner globally
The European region holds the largest market share for the beverage cartoner market globally and is expected to continue its dominance in the forecast period. The region holds one of the largest markets for beverages globally. The European countries consume almost 50 billion beverage cans every year for drinking soft drinks, mineral water and alcohol/beer. With such high demand for beverages production in the region, manufacturers emphasize utilizing beverage cartoner for high production packaging solutions. The demand for sophisticated products has also influenced the demand for the beverage cartoners market in Europe. The region has high growth potential for the beverage cartoners market with a growing packaged beverages market during the forecast period.
Various beverage companies have already installed high-production machines in order to deliver products with high production rates. For instance, in 2018- Vocation Brewery has installed install new 4 & 6 can pack cartoner to facilitate their pack fridge box style packs. Vocation Brewery has contacted Freemantle Ltd to install a compact high capacity can packing machine used within the beverage industry.
Beverage Cartoner Competitive Landscape
The beverage cartoner market is moderately competitive with the local player's presence, followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the market's growth are T. Freemantle Ltd, Barry-Wehmiller Companies, Douglas Machine Inc., Econo Group, Climax Packaging Machinery, Switchback Group, Graphic Packaging International, LLC, Romaco Group, R.A Jones, Tishma Technology LLC and others. The major players are adopting various new strategies to dominate the market, such as product launches, expansions, acquisitions and collaborations, contributing to the growth of the Graphene battery market globally.
T. Freemantle Ltd
Overview: T. Freemantle Ltd is the UK leading manufacturer of Sleeving and Cartoning machinery. The company provides a range of manual, semi-automated and automated machines to customers predominantly in the food & beverage industries.
Product Portfolio: The Company's offer a wide range of machines for packaging including continuous two flap sealer, fully automatic end load cartoner, semi-automatic beverage multipack cartoner, fully automatic beverage multipack cartoner and others
Key Development: In 2021- Lifco, a Swedish company with a turnover of SEK 13.9bn and has 164 companies operating in 30 countries, has completed the acquisition of T. Freemantle.
The global beverage cartoner market report would provide access to an approx: 70 market data tables, 60 figures and 180 pages.
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