Beverage carton packaging machinery market projected to grow at 5.28% CAGR, reaching $1373.89 million by 2029.
From GlobeNewswire: 2024-07-04 13:27:00
Exactitude Consultancy, the research arm of Ameliorate Digital Consultancy, has released a comprehensive report on the Beverage Carton Packaging Machinery Market. The market is projected to grow at a 5.28% CAGR from 2022 to 2029, reaching over USD 1373.89 million by 2029. Key players include R.A. Jones, Bradman Lake Group, and KHS GmbH. Recent developments include innovation at R.A. Jones and layout improvements at Bradman Lake to enhance efficiency.
The Beverage Carton Packaging Machinery Market has seen significant growth and is expected to continue expanding from 2024 to 2030. Market dynamics point towards continued growth with projections indicating strong development rates in the future. The report covers distinct segments, trends, and factors shaping the market landscape, considering internal and external factors such as drivers, restraints, opportunities, and challenges.
The market is segmented based on type, mode of operation, and application. The horizontal end side-load cartoner accounts for the largest market share, while automated mode of operation dominates with a revenue share of 68.4%. Alcoholic beverages application sector is expected to exhibit the highest CAGR over the forecast period, driven by increasing demand and rising purchasing power.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region’s market share and growth rate are analyzed, providing insights for businesses operating in these regions. Additional customization options are available for clients based on specific requirements, including country-level analysis, competitive analysis, and more.
Other market reports from Exactitude Consultancy include Agrochemicals, Agricultural Surfactants, Water-Soluble Vitamin & Mineral Feed Supplements, and more. These reports provide insights on market growth, trends, and projections, helping businesses make informed decisions for strategic growth and development. With a focus on in-depth research and accurate data, Exactitude Consultancy offers valuable market intelligence for various industries.
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