The box sealing machine market is anticipated to expand its roots at an average CAGR of 4.0% between 2023 and 2033. The market is expected to have a market share of US$ 4.94 billion by 2033 while it is likely to be valued at US$ 3.34 billion in 2023.
- The increased penetration of E-commerce platforms and several people shopping online is projected to garner market growth. The companies adopting the modern packaging line system with automatic machinery are also helping the packaging sector expand its boundaries.
- The rising demand for sustainable and environment-friendly packaging is also making companies revisit their box-sealing technology. The high pressure and extended supply chain are anticipated to enable different aspects of the market.
- Companies are looking for labor cost cuts and high productivity. These efficient machines deliver these factors and help the market flourish. Alongside this, the mass production of cartons is also increasing with the adoption of these machines.
- Proliferating food and beverages, and the pharmaceutical sector is leading the adoption of these box-sealing machines. Moreover, the growing automation in the manufacturing and packaging line operations is helping the market flourish within its boundaries.
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Key Points
- The United States market leads the box sealing machine market in terms of market share in North America. The United States region held a market share of 14% in 2022. The growth in this region is attributed to the presence of leading e-commerce brands and increased online shopping. North American region held a market share of 19.4% in 2022.
- Germany’s market is another important market in the Europe region. The market thrived at a CAGR of 6.0% between 2023 and 2033. The growth is attributed to expanding the product line. Europe Region held a market share of 22.7% in 2022.
- India’s box sealing machine market thrives at a CAGR of 5.1% from 2023 to 2033. The growth is attributed to expanding manufacturing, high imports, and growing online businesses. Furthermore, the introduction of local businesses to online platforms is also garnering regional growth.
- China’s market also thrives at a CAGR of 2.6% during the forecast period. The increased number of exports and imports, along with the country being the manufacturing hub, is expected to flourish the market growth.
- Based on automation type, the automatic segment leads the market as it held a significant share of 67.3% in 2022.
- Based on the end-user, the food and beverages segment leads the market as it held a leading market share of 41.1% in 2022.
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Competitive Landscape
The key vendors focus on delivering high efficiency, integrated systems, advanced handling of the boxes, and high productivity. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- BestPack Packaging Systems has introduced a long range of carton sealing machines with adjustable manual, random manual, adjustable fully manual, and random fully manual functionalities.
- Endoline Automation has introduced case sealers with pre-set case sealing and random case sealing.
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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