Box and Carton Overwrapping Machines Market Anticipated to Grow at a 3.3% CAGR by 2033 | An Exclusive Report

Expected to approach a value of nearly US$ 1.1 billion in 2023, the market for box and carton overwrapping machines is primed for growth, with an anticipated Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2033. Projections indicate that by the end of 2033, the global market for box and carton overwrapping machines is likely to exceed the US$ 1.6 billion mark.

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.

Future Market Insights highlights Western Europe as a rapidly expanding market for box and carton overwrapping equipment. The surge in demand for visually appealing and eco-friendly packaging across various industries is particularly driving growth in the United Kingdom.

Request Sample Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-8198

Projections suggest that Western Europe is poised to contribute over 27% of the global revenue share in the box and carton overwrapping machines market. The growing prominence of manufacturing and packaging industries in the United Kingdom is anticipated to significantly boost the demand for box and carton overwrapping devices. This underscores the region’s commitment to embracing innovative packaging solutions that align with both aesthetic preferences and sustainability goals. As a result, Western Europe, with a focus on the UK, emerges as a pivotal hub for the expansion of the box and carton overwrapping equipment market.

Business Growth Drivers:

1. Increasing Demand for Packaged Goods: The rising demand for packaged goods across various industries, including food and beverages, pharmaceuticals, cosmetics, and consumer electronics, is driving the need for efficient packaging solutions like box and carton overwrapping machines.

2. Automation and Efficiency: As manufacturers seek to improve operational efficiency and reduce labor costs, there's a growing adoption of automated packaging solutions. Box and carton overwrapping machines offer increased speed, precision, and consistency in packaging processes, driving their demand.

3. Product Innovation: Manufacturers are continuously innovating to meet evolving consumer preferences and regulatory requirements. Advanced overwrapping machines with features such as sustainability, flexibility in packaging styles, and integration with Industry 4.0 technologies are attracting investments from industries looking to stay competitive.

4. E-commerce Growth: The exponential growth of e-commerce has led to a surge in demand for efficient packaging solutions to handle the increased volume of shipped goods. Box and carton overwrapping machines play a crucial role in optimizing packaging processes in e-commerce fulfillment centers.

5. Emerging Markets: Growing economies in regions like Asia-Pacific and Latin America are witnessing increased industrialization and urbanization, driving the demand for packaged goods. This trend creates opportunities for the expansion of the box and carton overwrapping machines market in these regions.

Industry Restraints:

1. High Initial Investment: The upfront cost of acquiring box and carton overwrapping machines can be substantial, especially for small and medium-sized enterprises (SMEs). This high initial investment can act as a barrier to adoption, particularly for businesses operating on tight budgets.

2. Maintenance Costs: While automated packaging solutions offer long-term benefits, they also entail ongoing maintenance and servicing expenses. For some businesses, especially those with limited resources or expertise in machine maintenance, these costs can be significant.

3. Regulatory Compliance: Stringent regulations governing packaging materials and processes, particularly in industries like food and pharmaceuticals, can pose challenges for manufacturers. Ensuring compliance with these regulations while using box and carton overwrapping machines may require additional investment in materials and quality control measures.

4. Technological Complexity: Advanced overwrapping machines incorporating sophisticated technologies such as robotics, IoT, and artificial intelligence may require specialized training for operators and maintenance personnel. The complexity of these systems can increase the learning curve and operational risks for some businesses.

5. Environmental Concerns: With increasing focus on sustainability, there's growing pressure on manufacturers to minimize packaging waste and adopt eco-friendly materials and processes. While some overwrapping machines offer options for sustainable packaging, transitioning existing operations to more environmentally friendly practices can be challenging and costly.

Box and Carton Overwrapping Machines Market: Competitive Landscape

• Focke & Co. (GmbH & Co. KG),
• ULMA Packaging, S.Coop.,
• Marden Edwards Ltd.,
• Sollas Holland BV,
• ProMach, Inc.,
• Wega Electronics sp. z.o.o.,
• I.M.A. Industria Macchine Automatiche SpA,
• Minipack International Pty Ltd.,
• Chie Mei Enterprise Co., Ltd.,
• Tenchi Sangyo & Tenchi Kikai Co.,Ltd.,
• JET Pack Machines Pvt. Ltd.,
• Aetnagroup S.p.A., and
• Heino Ilsemann GmbH
• among others.

Recent Development:

• 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.
• 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.

Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/8198

Box and Carton Overwrapping Machines Market by Category

By Product:

• Manual
• Semi-Automatic
• Automatic Machines

By End Use:

• Food
• Beverage
• Healthcare
• Personal Care and Cosmetics
• Industrial Packaging
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube