Box and Carton Overwrapping Machines Market

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Box and Carton Overwrapping Machines Market

An Incisive, In-depth Analysis on the Box And Carton Overwrapping Machines Market

This study offers a comprehensive, 360 degree analysis on the Box And Carton Overwrapping Machines market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Box And Carton Overwrapping Machines market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Box and Carton Overwrapping Machines Market Analysis: High Demand for Consumer Appealing Packaging to Boost Sales of Overwrapping Machines

The global box and carton overwrapping machines market is estimated to be valued at nearly US$ 912 Mn in 2018 and is projected to expand at a CAGR of 4.0%, during the forecast period (2018 - 2028).

Box and carton overwrapping machines are packaging systems tasked with wrapping films around boxes and cartons. Overwrap films for boxes and cartons serve the purpose of protection from moisture and external elements, as well as enhance pack optics through transparency and clarity, thereby boosting the demand for box and carton overwrapping machines.

Box and Carton Overwrapping Machines Market: Manufacturer Preferences

Manufacturers of box and carton overwrapping machines are focusing on the production of packaging machinery which can seal boxes and cartons giving them an aesthetic appeal. Box and carton overwrapping machines are being produced to be compatible with multi-pack wrapping capabilities. In addition, box and carton overwrapping machines are being fitted with cutters which enable smooth film cutting, leading to seamless sealing. Manufacturers of box and carton overwrapping machines are also providing an array of substrate options to choose from, ranging from BOPP to cellophane, which is expected to boost demand for box and carton overwrap machines market. The wrapping process incurs low material costs, thereby driving the demand for box and carton overwrapping machines.

Box and Carton Overwrapping Machines: Market Categories

The global box and carton overwrapping machines market has been segmented on the basis of product type and end use. While the product type covers manual, semi-automatic, and automatic machines, the end-use segment encompasses the food, beverage, healthcare, and personal care & cosmetics industries, among other industries served by box and carton overwrapping machines.

Box and Carton Overwrapping Machines Market: Drivers

Growth in the Manufacturing Sector: A Key Driver for the Box and Carton Overwrapping Machines Market

The box and carton overwrapping machines market is characterized by the presence of a number of companies, ranging from small-scale to tier-1 players. Most of the companies manufacturing box and carton overwrapping machines are located in China. This is made possible by dedicated efforts by the local government in the country to promote growth in the manufacturing sector. The Made-in-China campaign encourages the use of products manufactured locally, and is expected to be a significant contributor to the growth of the box and carton overwrapping machines in China. China also happens to have the largest share of manual box and carton overwrapping machines. Similarly, in terms of machinery production, countries such as the USA and Germany have been in the leading positions for years, made possible by an established manufacturing sector, which, in turn, fuels the box and carton overwrapping machines market. Therefore, it is clear that growth in the manufacturing sector will play a critical role in increasing the production of box and carton overwrapping machines market across the globe, as the penetration of packaging automation increases over time.

Box and Carton Overwrapping Machines Market: Increasing Packaging Efficiency Through Advanced Packaging Technologies

Adoption of box and carton overwrapping machines eliminates the need to constantly hire and train a new workforce. Although box and carton overwrapping machines require heavy investment, they are useful in tackling the problems generated by high labor costs and lack of skilled labor. The ultimate goal of box and carton overwrapping machines manufacturers is to focus on ways to help their customers reduce labor costs and achieve higher production outputs in minimum time. This is expected to be a significant driver for the growth of the global box and carton overwrapping machines market as enterprises with profitable businesses look for ways to reduce costs and achieve a better bottom line. Therefore, the outlook for growth of the box and carton overwrapping machines market is expected to be positive during the forecast period.

Box and Carton Overwrapping Machines Market: Key Findings

The Western Europe box and carton overwrapping machines market is estimated to account for a share of over 27% in 2018, which is more than the estimated cumulative shares of box and carton overwrapping machines in Eastern Europe, MEA, Latin America, and Japan. The Western Europe box and carton overwrapping machines market is expected to remain at the top in terms of market share till 2023, after which, the APEJ region is forecast to surpass Western Europe. By the end of 2028, the Western Europe box and carton overwrapping machines market is forecast to account for a little more than 1/4^th of the total market.

Box and Carton Overwrapping Machines Market: Competitive Landscape

The companies studied during the course of research on box and carton overwrapping machines include Marden Edwards Ltd., JET Pack Machines Pvt. Ltd., Focke & Co. (GmbH & Co. KG), Wega Electronics sp. z.o.o., ULMA Packaging, Sollas Holland BV,ProMach, Inc., I.M.A. Industria Macchine Automatiche SpA, Tenchi Sangyo & Tenchi Kikai Co., Ltd., Minipack International Pty Ltd., S.Coop.,Chie Mei Enterprise Co., Ltd., Heino Ilsemann GmbH, and Aetnagroup S.p.A., among others.

In this report, Future Market Insights (FMI) provides a ten-year forecast and analysis of the global box and carton overwrapping machines market from 2018 to 2028, along with an historical analysis. In terms of market value, the box and carton overwrapping machines market is projected to expand with a CAGR of 4.0% during 2018-2028. The study reveals the dynamics of the box and carton overwrapping machines market in seven key geographic regions along with an analysis of the current market overview and future outlook during the forecast period.

Report Description

The key objective is to study the global box and carton overwrapping machines market between 2018 and 2028, along with providing insights and key market trends regarding the global box and carton overwrapping machines market to enable the reader to take informed decisions.

Based on the weighted average pricing and consumption for different box and carton overwrapping machines, the market numbers have been assessed. The research report starts with a crisp executive summary of the box and carton overwrapping machines market, which contains key findings on the market. A section on the dynamics of the box and carton overwrapping machines market follows, along with an outlook of the global box and carton overwrapping machines market, including analysis of key market drivers, opportunities, trends, and restraints which affect the global box and carton overwrapping machines market. Also, to assess the dominant segments of the box and carton overwrapping machines market, an attractiveness index and market share analysis with detailed insights are provided, which will reveal the market’s attractiveness depending on growth rate and growth potential. Market share analysis and Y-o-Y growth rate analysis for each country and region are provided to help assess the performance of the box and carton overwrapping machines market.

Porter’s Analysis is an additional point added in the box and carton overwrapping machines market report which dictates how the number of manufacturers affects the entire market scenario. Porter’s Analysis encompasses the bargaining power of suppliers, along with the bargaining power of buyers, and the threat of new entrants. The threat of substitutes and competition intensity among all the competitors listed in the box and carton overwrapping machines market are also studied.

The global box and carton overwrapping machines market is segmented by product type, end use, and region. On the basis of product type, the global box and carton overwrapping machines market has been segmented into manual, semi-automatic, and automatic machines. By end use, the global box and carton overwrapping machines market has been segmented as food, beverage, healthcare, personal care & cosmetics, industrial packaging, and others. The segmentation of the global box and carton overwrapping machines describes the type of machine and its usage in different applications.

Another section of the report highlights the box and carton overwrapping machines market, by region, and provides the market outlook for 2018 – 2028. The FMI study on box and carton overwrapping machines investigates Y-o-Y growth regionally. The key regions assessed in the box and carton overwrapping machines market report include North America, Latin America, Western and Eastern Europe, the Asia-Pacific region excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. The research report evaluates the present market scenario and growth prospects of the regional box and carton overwrapping machines market for 2018 – 2028.

To determine the size of the box and carton overwrapping machines market in terms of value and volume, the revenue of the key box and carton overwrapping machines manufacturers, and the installed base is taken into consideration. The forecast will help assess the overall revenue generated, across the box and carton overwrapping machines market. To provide an accurate forecast for the box and carton overwrapping machines market, we sized up the historical as well as the current market, which was key for building a fundamental theory on how the box and carton overwrapping machines market might develop post 2018. For the study on the box and carton overwrapping machines market, we have triangulated the result depending on three different types of analysis, depending on supply side scenario, the demand from downstream industry, and the economic outlook. Furthermore, it is important to note that in an ever-changing global economy, FMI conducts forecasts in terms of CAGR, along with analysis of the box and carton overwrapping machines market by key parameters, such as growth rates each year, to assess the pattern of growth of the box and carton overwrapping machines market, which helps identify key market characteristics.

The global box and carton overwrapping machines market segments have been studied on the basis of market value shares to assess the specific segment’s contribution to the growth of the box and carton overwrapping machines market. This comprehensive information is useful for highlighting key trends in the box and carton overwrapping machines market. Another feature of this report is ranking of key segments of the box and carton overwrapping machines market by their absolute opportunity (in dollars). This is critical for assessing the scope of opportunity which a manufacturer can expect to achieve, as well as to identify potential resources of the box and carton overwrapping machines market with respect to a delivery perspective. The overall opportunity is mentioned in the box and carton overwrapping machines market report.

To understand the key segments in terms of growth and adoption of box and carton overwrapping globally, Future Market Insights developed the box and carton overwrapping machines market ‘Attractiveness Index.’ The resulting index will help in understanding the real opportunities in the box and carton overwrapping machines market.

The competition analysis section of the report on the box and carton overwrapping machines market includes a competition dashboard of the key players to help compare the current industrial scenario as well as their contribution to the overall box and carton overwrapping machines market. Furthermore, it is aimed at providing the reader with a comprehensive and detailed comparative assessment of key players specific to the box and carton overwrapping machines market segments. The reader can gain manufacturer insights to assess key competitors on the basis of in-depth assessment of their core competencies and achievements in the box and carton overwrapping machines market.