The global Beverage Carton Packaging Machinery Market size is expected to reach USD 1.5 billion by 2027, expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising awareness pertaining to the adverse environmental effects of plastic waste is expected to drive the demand for green packaging materials, in turn, benefitting market growth.
Increasing demand for drinks coupled with growing investment by beverage manufacturers for durable and sustainable secondary packaging is expected to drive the market over the forecast period. In addition, the demand for customized machines with high-tech and reliable machine components is likely to have a positive impact on the market.
Changing consumer lifestyles coupled with growing disposable incomes and increasing demand for a wide range of drinks are expected to positively impact the market. In addition, companies manufacturing drinks are focusing on innovation, which is expected to increase the number of drink options available in the market.
Rising demand for craft drinks as well as CBD-infused drinks is expected to have a positive impact on market growth. In addition, increasing consumer-driven demand for super-premium and premium distilled spirits is further anticipated to drive the growth of the drink industry, thereby driving the market over the forecast period.
Growing focus on automation to reduce the operating and labor costs, and maximize the uptime, is expected to drive the market. However, semi-automatic machines are also likely to generate a sizeable demand, most notably from microbreweries owing to less costly nature compared to the automatic versions.
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Beverage Carton Packaging Machinery Market Report Highlights
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Beverage Carton Packaging Machinery Market Segmentation
Grand View Research has segmented the beverage carton packaging machinery market on the basis of type, mode of operation, application, and region:
Beverage Carton Packaging Machinery Type Outlook (Revenue, USD Million, 2016 – 2027)
Beverage Carton Packaging Machinery Mode of Operation Outlook (Revenue, USD Million, 2016 – 2027)
Beverage Carton Packaging Machinery Application Outlook (Revenue, USD Million, 2016 – 2027)
Beverage Carton Packaging Machinery Regional Outlook (Revenue, USD Million, 2016 – 2027)
List of Key Players in the Beverage Carton Packaging Machinery Market
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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