The global wrap-around cartons market is expected to exhibit a gradual yet consistent Compound Annual Growth Rate (CAGR) of 2.9% through the forecast period, reaching a value of US$ 887.3 million by 2032. Currently valued at US$ 664.1 million in 2022, the market is undergoing a transformative phase driven by advancements in packaging machinery. Manufacturers are enhancing design, capacity, and automation to bolster sales of wrap around cartoners.
These machines, integral to wrap around packaging, are streamlining production, augmenting manufacturing facility productivity, and curbing manual labor. Notably, they offer superior aesthetics and sealing options compared to other carton types, contributing to their market edge. The rise of automation in manufacturing, reducing human intervention and enhancing efficiency, is a chief growth catalyst. Additionally, the food and beverage industry’s substantial investments in automation, driven by a desire to minimize human contact with products, are further propelling market expansion.
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The eco-friendliness and recyclability of wrap around cartoners are also pivotal factors fostering growth. Their environmentally benign nature and cost-effective secondary packaging capabilities across various industries are driving adoption. Moreover, the expanding healthcare sector is generating opportunities for specialized machines as clinical product transportation and storage requirements grow. These dynamics collectively indicate a favorable outlook for the wrap around cartoners market, positioning it for significant growth in the foreseeable future.
The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Wrap Around Cartoners
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Wrap Around Cartoners market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Wrap Around Cartoners Market Takeaways and Projections
- The U.S. is expected to lead the North America Wrap Around Cartoners market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Wrap Around Cartoners Historical Market Analysis: The detailed survey by FMI, examines key factors in the Wrap Around Cartoners market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Wrap Around Cartoners market for the forecast period 2022–2032.
- Wrap Around Cartoners Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Wrap Around Cartoners for the assessment period. As per the study, the demand for Wrap Around Cartoners will grow at a robust CAGR between 2022 and 2032.
- Wrap Around Cartoners Market Trend Analysis: The latest study by FMI on the Wrap Around Cartoners market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Wrap Around Cartoners market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Key Segments in the Wrap Around Cartoners Market:
By Capacity:
- Upto 70 CPM
- 70 to 150 CPM
- 150 to 400 CPM
- Above 400 CPM
By Orientation:
- Horizontal
- Vertical
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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