In 2023, the box and carton overwrapping machines market is expected to be worth close to USD 1.1 billion, and it is anticipated to grow at a CAGR of 3.3% from 2023 to 2033. By the end of 2033, it is anticipated that the global box and carton overwrapping machines market would have exceeded USD 1.6 Billion.
Increased consumer and end-user demand for attractive and environmentally friendly packaging is responsible for the market's expansion. Box and carton overwrapping machine producers are concentrating on creating packing equipment that can seal boxes while giving them an appealing appearance in an effort to profit from the box and carton overwrapping machines market trend.
Due to their cost-effectiveness and increased efficiency, sales of the semi-automatic box and carton overwrapping machines are anticipated to soar as a result. According to the survey, the total sales of box and carton overwrapping machines are anticipated to account for more than 26.0% of the wrapping machines market worldwide.
Attributes | Details |
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Box and Carton Overwrapping Machines Market HCAGR (From 2017 to 2022) | 4.4% |
Box and Carton Overwrapping Machines Market FCAGR (From 2023 to 2033) | 3.3% |
Box and Carton Overwrapping Machines Market Size (2023) | USD 1.1 billion |
Box and Carton Overwrapping Machines Market Size (2022) | USD 1.0 billion |
Box and Carton Overwrapping Machines Market Size (2033) | USD 1.6 billion |
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Future Market Insights foresees a comparison and review study for the dynamics of the box and carton overwrapping machines industry, which is primarily influenced by a variety of industrial elements as well as a few clear effects on the development of the newest technology.
The application of AI and robots in the wrapping of boxes and cartons is one of the most recent market innovations.
The main cause of the shift in growth rate is that box and carton overwrapping machines are effective at wrapping cartons and boxes of many shapes, including cylinder, cubic, and cuboidal, among others.
Despite these possibilities, the box and carton overwrapping equipment market is anticipated to be constrained by the availability of substitute products for overwrapping.
According to FMI, the global box and carton overwrapping machines market grew at a 4.4% CAGR between 2017 and 2022. Demand for box and carton overwrapping machines is estimated to exceed USD 1.6 billion by 2033.
Since these machines can wrap and seal boxes and cartons of all shapes and sizes, demand for semi-automatic box and carton overwrapping machines in the food and beverage industry is predicted to skyrocket.
The increasing use of box and carton overwrapping machines in industrial overwrap packaging machine and the healthcare industry is also predicted to drive box and carton overwrapping machine sales. Aside from that, the increasing penetration of social media is driving up demand for aesthetically pleasing packaging, particularly among millennial.
Small businesses tend to utilize box and carton overwrapping machines to wrap gift boxes, bundles, cigarettes, and other items in diamond folds.
So, to add more visual appeal, producers are utilizing cutting-edge technology and various materials like polypropylene, biaxially oriented polypropylene (BoPP), cast un-oriented polypropylene (CPP), and polymers.
These reasons are projected to fuel a rapid increase in box and carton overwrapping machine demand over the ensuing years.
The adoption of box and carton overwrapping machines eliminates human mistakes and the requirement for on-going hiring and training of workers. Aside from that, automation is becoming an essential component of the packaging sector.
The growing demand for processed and packaged foods necessitates quick and effective overwrap packaging machine. To meet rising demand, food manufacturers are increasingly turning to semi-automated and automatic box and carton overwrapping devices.
Recognizing this trend, box and carton overwrapping machines manufacturers are producing innovative machines with varying capacities to entice end customers and boost efficiency and innovation in packing. Focke & Co. (GmbH & Co. KG), for example, introduced box and carton overwrapping equipment capable of packing up to 800 packs per minute.
The company also provides a diverse range of machines with capacities ranging from 1 to 16 CPM. The prominent firms such as Minipack International Pvt. Ltd. provide multi-functional digital indicator frequency meters to improve machine performance.
The growing use of social media has opened up new avenues for the growth of small enterprises all around the world. The growing aesthetic packaging trend for food and beverage items, gift-packing products, and others is driving the adoption of box and carton overwrapping machines.
Since these machines and the wrapping process have minimal material costs, their adoption by small firms is boosting demand for box and carton overwrapping machines. Leading personal care and cosmetics industries are also utilizing box and carton overwrapping devices to meet the growing need for sustainable packaging.
Box and carton overwrapping equipment market growth may get hampered by the pandemic's impact on the supply chain as well as by the long and expensive trips to landfills or incinerators. The market growth rate for box and carton overwrapping machines is going to be slowed by fluctuations in raw material prices and the non-recyclability of some packaging materials and overwrap packaging machine.
The box and carton overwrapping machines market growth rate to be hampered by inadequate infrastructural facilities, high machine operating and maintenance costs, and rigorous international trade restrictions.
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Attributes | Details |
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Top Product Type | Semi-Automatic |
CAGR % 2017 to 2022 | 4.7% |
CAGR % 2023 to End of Forecast(2033) | 3.5% |
Semi-automatic machines may offer around 53.8% of sales for box and carton overwrapping equipment.
The semi-automatic box and carton overwrapping machines are anticipated to account for the leading revenue share in terms of product category over the forecasted period. The demand for semi-automatic box and carton overwrapping machines and automatic carton overwrapping machine has grown as automation becomes more widespread in the packaging sector leaving manual overwrapping machine behind.
Semi-automatic box and carton overwrapping machines may rule the market, according to Future Market Insights, with automatic carton overwrapping machine coming in second and manual overwrapping machine in the third position. The automatic carton overwrapping machine makes up over 46.2% of sales of box and carton overwrapping equipment.
Attributes | Details |
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Top End Use | Food |
CAGR % 2017 to 2022 | 4.5% |
CAGR % 2023 to End of Forecast(2033) | 3.3% |
Food may grow at a 3.3% CAGR in the box and carton overwrapping equipment market.
According to end use, the box and carton overwrapping equipment market is predicted to expand at a rapid pace in the food sector. Other important box and carton overwrapping equipment sales, according to FMI, are contributed by the hospital business, followed by industrial overwrap packaging machine.
Box and carton overwrapping devices are becoming more popular due to rising global demand for packaged and processed food. Also, food industries are moving away from plastic packaging and towards sustainable alternatives, which is anticipated to open up significant growth opportunities for box and carton overwrapping equipment participants.
Country | United States |
---|---|
HCAGR (From 2017 to 2022) | 1.8% |
CAGR (From 2023 to 2033) | 1.3% |
Country | United Kingdom |
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HCAGR (From 2017 to 2022) | 2.5% |
CAGR (From 2023 to 2033) | 2.1% |
Country | Germany |
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HCAGR (From 2017 to 2022) | 3.0% |
CAGR (From 2023 to 2033) | 2.3% |
Country | Japan |
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HCAGR (From 2017 to 2022) | 2.8% |
CAGR (From 2023 to 2033) | 2.2% |
Country | China |
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HCAGR (From 2017 to 2022) | 8.5% |
CAGR (From 2023 to 2033) | 5.8% |
Attributes | Details |
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United States Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 259.8 Million |
United States Market Absolute Dollar Growth (USD million/ billion) | USD 31.0 Million |
Increase in Demand for Box and Carton Overwrapping Equipment the Industrial Sector Has Changed
The United States box and carton overwrapping devices market is predicted to surpass USD 259.8 Million in the anticipated time frame, showing a CAGR of 1.3% from 2023 to 2033.
Local manufacturing is consistently supported by governments worldwide. Due to the rising packaging machinery market, a growth in the box and carton overwrapping machine market is projected.
The food and beverage industry in the United States is steadily developing. The popularity of organic and plant-based foods has fuelled market expansion. The United States' market share is also being boosted by the expansion of the pharmaceutical industry.
Attributes | Details |
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United Kingdom Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 57.6 Million |
United Kingdom Market Absolute Dollar Growth (USD million/ billion) | USD 10.7 Million |
Concerns about sustainability in the packaging industry are driving sales of box and carton overwrapping machines.
According to Future Market Insights, Western Europe is one of the most rapidly increasing box and carton overwrapping equipment market. The increased need for aesthetically pleasing and environmentally friendly packaging in a variety of industries is driving growth in United Kingdom.
According to the survey, Western Europe is expected to account for more than 27% of the global revenue share in the box and carton overwrapping machines market. The rise of the manufacturing and packaging industries in the United Kingdom is expected to increase demand for box and carton overwrapping devices.
Attributes | Details |
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Germany Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 81.0 Million |
Germany Market Absolute Dollar Growth (USD million/ billion) | USD 16.8 Million |
In the anticipated time frame, the box and carton overwrapping machines market is anticipated to surpass USD 81.0 million. Adoption of box and carton overwrapping machines may increase labour costs and demand significant investment in the packaging business. Demand for box and carton overwrapping machines is growing in the market as a result of the rise in demand for practical packaging solutions in the food and beverage or retail industries.
The establishment of machines in Germany fueled the manufacture of machinery, which in turn boosted the market. The overwrap machine manufacturers are being drawn in and creating new prospects due to the convenience of multi-pack wrapping capabilities and cutters with smooth film cutting.
Attributes | Details |
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China Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 223.9 Million |
China Market Absolute Dollar Growth (USD million/ billion | USD 96.4 Million |
Box and carton overwrapping machines may become more noticeable as the manufacturing sector expands.
The box and carton overwrapping machine market is predicted by FMI to be dominated by China. A large presence of box and carton overwrapping manufacturing companies is one of the main drivers supporting the market's growth.
A favourable atmosphere for market growth is also being created by the government's positive actions to encourage the growth of the manufacturing sector. The box and carton overwrapping device market, for instance, is expanding rapidly as a result of the Made-in-China initiative.
The adoption of box and carton overwrapping equipment is anticipated to soar because the majority of manufactured items, including industrial packaging and electronic goods, are produced in China. This is anticipated to be good news for China's market expansion.
Attributes | Details |
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Japan Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 103.9 Million |
Japan Market Absolute Dollar Growth (USD million/ billion) | USD 20.5 Million |
Strong Growth of Small Companies to Increase Sales of Box and Carton Overwrapping Equipment
Box and carton wrapping machines have become increasingly popular in Japan as a result of social media and small companies. The demand for beautiful food, drink, personal care, and cosmetic items is on the rise, which is fuelling the growth of the need for sustainable box and carton packaging.
This is likely to cause Japan to dominate the Asia Pacific market, where it is going to have a sizable share of the box and carton overwrapping machines business over the projection period.
To enhance revenue, leading players in the global box and carton overwrapping machines business are offering new packaging formats with superior technologies. To extend their consumer base, some players are using inorganic expansion techniques such as acquisitions and partnerships with regional players.
Recent Development:
Acquisition - To offer environmentally friendly packaging options
Date | February 2022 |
---|---|
Company | Scholle IPN |
Details | Scholle IPN, a major supplier of flexible packaging solutions, announced its acquisition by SIG, a world-leading aseptic carton packaging company, in February 2022. The organisations committed to collaborate in order to give clients and end users with cost-effective, safe, and sustainable packaging solutions. |
Launch
Date | November 2021 |
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Company | SIG |
Details | SIG, a pioneer in aseptic carton packaging innovation and technology, announced the release of SIG NEO, a fresh advancement in filling technology, in November 2021. At a pace of up to 18,000 packs per hour, SIG NEO is regarded as the quickest filling machine for family size carton packs in the world. |
The growing food & beverages industry is fueling the demand in the United States.
The rising focus on sustainability packaging in Europe have increased the demand.
The growing demand for eco-friendly packaging is driving the global market.
The United States held a CAGR of 1.3% of the global market in 2023.
North America to witness a lucrative growth opportunities through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Manual 5.2. Semi-Automatic 5.3. Automatic 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Food 6.2. Beverage 6.3. Healthcare 6.4. Personal Care & Cosmetics 6.5. Industrial Packaging 6.6. Others 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. Asia Pacific Excluding Japan 7.6. Japan 7.7. Middle East and Africa 8. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Marden Edwards Ltd. 17.2. JET Pack Machines Pvt. Ltd. 17.3. Focke & Co. GmbH & Co. KG 17.4. Wega Electronics SP Z.O.O. 17.5. ULMA Packaging 17.6. Sollas Holland BV 17.7. ProMach Inc. 17.8. I.M.A. Industria Macchine Automatiche SpA 17.9. Tenchi Sangyo & Tenchi Kikai Co. Ltd. 17.10. Minipack International Pvt. Ltd. 17.11. Chei Mei Enterprise Co. Ltd. 17.12. Heino Ilsemann GmbH 17.13. Aetnagroup S.p.A. 18. Assumptions & Acronyms Used 19. Research Methodology
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