A beverage packaging carton is used for safe storage, shelf-life enhancement, and transportation of liquid products. Beverage carton packaging machinery is designed to erect cartons from paperboard blanks, pack or fill, close, and/or seal the cartons as well as the associated equipment used for placing or inserting leaflets into the cartons. The beverage carton packaging machinery market is estimated at USD 746.9 Million in 2017 and is projected to reach USD 840.7 Million by 2022, at a CAGR of 2.39%. The rising demand for beverages such as functional beverages, alcoholic beverages, and dairy products is anticipated to drive the growth of the beverage carton packaging machinery market
The beverage carton packaging machinery market is led by major players in the packaging machinery industry. Langfang Best Crown Packing Machinery (China), ACG Worldwide (India), KHS (Germany), Krones (Germany), GPI Equipment (US), Bosch Packaging Technology (Germany), Econocorp (US), Jacob White Packaging (UK), Bradman Lake Group (UK), and Mitsubishi Electric (Japan) are the key players operating in the beverage carton packaging machinery market. These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by leading players operating in the beverage carton packaging machinery market.
The mergers & acquisitions strategy accounted for the largest share of all strategic developments in the beverage carton packaging machinery market in 2016. Companies such as Krones (Germany) and Bosch Packaging Technology (Germany) adopted this strategy to expand their geographic reach, strengthen their product & service portfolios, and enhance growth prospects in the beverage carton packaging machinery market.
Krones (Germany) is a leading packaging and bottling machine manufacturer for filling beverages in plastic and glass bottles or beverage cans. In 2017, the company acquired Javlyn Engineering (US), a process system integrator, which concentrates on highly automated food, dairy, and beverage process systems and is an expert in the field of industrial control system integration. This acquisition helped Krones expand its process integration capabilities and broaden its customer base.
Bosch Packaging Technology (Germany) is another key player in the beverage carton packaging machinery market. The company provides a wide range of cartoning machines. In 2013, the company acquired Tecsor Machines et Systèmes (France). Tecsor develops and sells machinery for making and filling PET containers for the food & beverage industry. This acquisition helped Bosch to expand its base in France.
Beverage Carton Packaging Machinery Market by Type (Horizontal End Side-Load, Top-Load, Wraparound, Vertical Leaflet, Vertical Sleeve), Functional Automation (Automatic, Semi-Automatic), Application, Region - Global Forecast to 2022
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