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The latest industry survey conducted by FMI reveals that the automatic top loading cartoning machines are the most popular product type across the globe with almost 2/3rd of the market share across the global top loading cartoning machines market.
As per the global market analysis, top loading cartoning machines with capacity ranging from 71 to 150 cartons per minute are the most sold ones across all parts of the world. The sales of top loading cartoning machines with a capacity of 71 to 150 CPM is expected to rise at 5.5% CAGR between 2022 and 2026.
A cartoner is a type of packaging machine that creates cartons to store the products inside the cartons. This can be done manually or automatically and then folding or sealing the carton with glue for further transportation process.
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The shift in consumer’s behaviour towards brand awareness and health-conscious food consumption is likely to drive the demand of top load cartoning machines market. The rising level of disposable income of people and high demand for cartons in transporting goods are some of the factors driving the top load cartoning machines market. Other significant factors such as the rise in the awareness and increasing concern for safety packaging will accelerate the market growth rate.
Furthermore, upsurge in the strong demand for various end-use industries will positively impact the market’s growth rate. Additionally, increase in the utilization of refrigerated cartons will cushion the growth rate of market. Also, development in packaging technologies and rising demand for fully automatic cartoning machines will further increase the demand of top load cartoning machines market.
Global Top Load Cartoning Machines Market Scope and Market Size
The top load cartoning machines market is segmented on the basis of product type, capacity and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of product type, the top load cartoning machines market is segmented into horizontal and vertical.
On the basis of capacity, the top load cartoning machines market is segmented into less than 70 CPM, 70 to 150 CPM, 150 to 400 CPM, and above 400 CPM.
On the basis of end user, the top load cartoning machines market is segmented into food, beverage, personal care, healthcare, homecare, and others.
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Top Load Cartoning Machines Market Country Level Analysis
The top load cartoning machines market is analysed and market size insights and trends are provided by country, product type, capacity and end user as referenced above.
The countries covered in the top load cartoning machines market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Major players across top loading cartoning machines market are focusing upon expanding their international footprint by acquiring domestic players in foreign countries:-
In October 2020, Mpac Group Plc acquired US based packaging firm named Switchback Group Inc., which is engaged in production of packaging machinery and automation solutions.
In May 2021, R.A Jones launched modernization options such as self-cleaning modules and air assist valves for its top loading cartoning machines.
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Global Top Loading Cartoning Machines Market by Category
Explore FMI’s Extensive ongoing Coverage on Packaging
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Europe Top Loading Cartoning Machines Market is valued at US$ 266 Mn in 2022 and is anticipated to reach US$ 318 Mn in 2026 appeared first on Future Market Insights.
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