The global box and carton overwrapping machines market is projected to grow substantially, with a valuation close to US$ 1.1 billion in 2023. According to Future Market Insights (FMI), the market is anticipated to expand at a CAGR of 3.3% from 2023 to 2033, reaching over US$ 1.6 billion by the end of the forecast period.
Key Drivers of Market Growth
- Rising Demand for Attractive and Eco-Friendly Packaging:
- Increased consumer and end-user demand for visually appealing and environmentally friendly packaging solutions is propelling market growth. Manufacturers of box and carton overwrapping machines are focusing on developing equipment that seals boxes effectively and enhances their visual appeal.
- Cost-Effectiveness and Efficiency:
- The adoption of semi-automatic box and carton overwrapping machines is expected to surge due to their cost-effectiveness and enhanced efficiency. These machines significantly reduce human errors and the need for continuous hiring and training of workers, thereby streamlining operations in the packaging industry.
- Automation in Packaging:
- Automation is becoming a critical component of the packaging sector. The growing demand for processed and packaged foods necessitates the use of quick and efficient overwrap packaging machines. Food manufacturers are increasingly investing in semi-automated and automated box and carton overwrapping devices to meet rising demand.
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Global Trends and Forecasts
The Box and Carton Overwrapping Machines Market is witnessing significant growth, driven by increased demand for efficient and aesthetically appealing packaging solutions. Global Overwrapping Machines Market Trends, Market Forecasts for Overwrapping Machines.
- E-Commerce Boom: The rise of e-commerce has propelled the demand for overwrapping machines, as businesses focus on secure and visually appealing packaging to create a memorable unboxing experience.
- Pharmaceutical Sector Expansion: The pharmaceutical industry’s expansion has increased the demand for tamper-evident and protective packaging, fueling the adoption of overwrapping machines.
- Food Safety Regulations: Stringent food safety regulations have prompted food manufacturers to invest in reliable overwrapping solutions to ensure product integrity and compliance.
- Sustainable Packaging Initiatives: Consumer awareness about environmental sustainability has driven the adoption of eco-friendly overwrapping materials and machines.
Core Concepts in Box and Carton Overwrapping Machines Market
- Higher Growth in the United States Market: The growing food & beverages industry is fueling the demand for box and carton overwrap films in the United States.
- Surging Sales in Europe: The rising focus on sustainable packaging in Europe has significantly increased the demand for box and carton overwrapping machines.
- Global Market Drivers: The global market is being driven by the increasing demand for eco-friendly packaging solutions.
- United States Market Contribution: In 2023, the United States held a CAGR of 1.3% of the global box and carton overwrap films market.
- Lucrative Growth in North America: North America is expected to witness lucrative growth opportunities in the box and carton overwrap films market through 2033.
- Influence of Food & Beverages Industry: The expanding food and beverages sector in the United States is a key factor contributing to the higher market growth in the region.
- Sustainability Trends in Europe: The demand for sustainable packaging solutions is a major driver for the increase in sales of overwrapping machines in Europe.
Competitive Landscape:
- Focke & Co. (GmbH & Co. KG),
- ULMA Packaging, S.Coop.,
- Marden Edwards Ltd.,
- Sollas Holland BV,
- ProMach, Inc.,
- Wega Electronics sp. z.o.o.,
- I.M.A. Industria Macchine Automatiche SpA,
- Minipack International Pty Ltd.,
- Chie Mei Enterprise Co., Ltd.,
- Tenchi Sangyo & Tenchi Kikai Co.,Ltd.,
- JET Pack Machines Pvt. Ltd.,
- Aetnagroup S.p.A., and
- Heino Ilsemann GmbH
- among others.
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Market by Category:
By Product:
- Manual
- Semi-Automatic
- Automatic Machines
By End Use:
- Food
- Beverage
- Healthcare
- Personal Care and Cosmetics
- Industrial Packaging
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- META
About Future Market Insights (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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