The carton folding and gluing machine market is predicted to grow at a moderate CAGR of 4% during the forecast period covering 2022 to 2032. The carton folding and gluing machine market share is estimated to reach a value of nearly US$ 858.5 Million by 2032 expanding from a total worth of US$ 580 Million in 2022.
| Attributes | Details |
|---|---|
| Carton Folding and Gluing Machine Market Share (2021) | US$ 557.7 Million |
| Carton Folding and Gluing Machine Market Size Value (2022) | US$ 580 Million |
| Carton Folding and Gluing Machine Market Size Value (2032) | US$ 858.5 Million |
| Carton Folding and Gluing Machine Market Growth Rate (2022 to 2032) | 4% |
Due to the rising need for food, drink, and other healthcare and every other type of item that needs to be packaged and transported, the carton folding and gluing machine business is anticipated to rise steadily.
Increased exports and imports of diverse goods between different states and nations are one of the important elements influencing the expansion of the carton folding and gluing machines industry base in emerging economies. So, besides the pre-existing participants, these parts of the world are witnessing a rise in the number of carton folding and gluing machine start-ups that have emerged in recent years to profit from such growth opportunities.
In the carton folding and gluing machine market, prominent players are rapidly integrating robotic features to compete with fully automated machines at manufacturing units that perform almost all the functions.
Also, the integration of high-end technologies for autonomous feeding, automatic gluing, automatic folding, automatic counting, etc. that promote optimal performance, hassle-free operations, and indirect labor cost savings is transforming the general perception of the product, consequently benefiting the c carton folding and gluing machine market players to penetrate new regional markets.
Additionally, the packaging is the initial visual point of communication with clients, so the market players are shifting their focus toward the production of machines that can cater to the demand for providing cartons with new fold types and designs. Such endeavors and investment by the carton folding and gluing machine market key players are expected to contribute to its adoption and expansion in the global market.
However, the machine's high investment cost may serve as a market restraint for carton folding and gluing machines. So ultimately, reducing the cost and installation price of the carton folding and gluing machine by acquiring a sufficient amount of client base is the major strategy adopted by the traditional players in the worldwide market.
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Carton folding and gluing machine is a folding cum gluing machine or packaging machine used for the manufacturing of cartons. The process involves folding carton made of paperboard that is cut, printed, laminated, then folded and glued before delivering to the packagers. These cartons are sent to packagers which have their own machinery to give it final shape for their product which will act as a container for the product.
A Carton folding and gluing machine takes a single piece from stacks of cartons, erects it, fills with a product through an open end and closes by applying glue or adhesive or by tucking the carton. The folding carton is simple, four-sided and two-dimensional box, with the glue flap at one end, which allows the carton to be folded into its three-dimensional shape.
In carton folding and gluing machine, the cartoning portion produces cartons which have significant properties. The gluing machine possess extremely fast switching technique and is service friendly and also wear free. The various applications of carton folding and gluing machine are in the field of pharmaceutical, food, household, cosmetics and other products.
The carton folding and gluing machine contains automation features like automatic feeder, gluing, folding, counting etc. which leads to optimum performance, hassle free operations and indirectly saves the labor cost.
The carton folding and gluing machine is expected to experience a healthy growth due to increase in consumption of food and beverages and other healthcare products.
One of the significant factors contributing towards the growth of carton folding and gluing machine is increased exports and imports of various products between different states and countries. Moreover, another factor towards the growth of carton folding and gluing machine is packaging which is the first point of visual contact with the customers and of course the high quality standards of the cartons.
In addition to that, high capacity carton manufactured simultaneously and low maintenance is another factor towards the growth of carton folding and gluing machine market.
However, the high investment cost of the machine can act as restraining factors in the carton folding and gluing machine market.
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The carton folding and gluing machine is segmented based on material type, machine type, product type, and application. On the basis of material type, carton folding and gluing machine can be segmented into paperboard, white Kraft, plastic and other materials.
On the basis of machine type, carton folding and gluing machine can be segmented into a horizontal cartoning machine, vertical cartoning machine and gluing machine can be segmented into hot melt gluing machine and cold melt gluing machine. On the basis of application, carton folding and gluing machine can be segmented into food, personal care, pharmaceutical, household and others
The carton folding and gluing machine market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Eastern, Western Europe and North America combined are expected to lead the carton folding and gluing machine market owing to the government policies in behalf of sustainable packaging.
In Latin America, the emerging economies such as Brazil, China, and India are expected to make a rapid growth in the market of carton folding and gluing machine due to the presence of densely populated areas in the region and heavy industrialization over the forecast period.
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The main players of carton folding and gluing machine market are Suba solutions Pvt. Ltd, Precision machines & automation, Kirti Engineering works, Vijaya grakiks Inc., Boxtech Ltd, Senzani Brevetti Spa, Shanghai longing machinery co. Ltd, British converting solution Ltd, EMC industry Co. Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Carton Folding And Gluing Machine Market
