The report "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", 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 growth of the beverage carton packaging machinery market can be attributed to an increase in the consumption of personal care & hygiene products in emerging economies and rise in the number of production facilities of beverage carton packaging machinery.
Asia Pacific accounted for the largest share of the beverage carton packaging machinery market in 2016. This market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. Among all countries in the Asia Pacific region, the beverage carton packaging machinery market in China is projected to grow at the highest CAGR during the forecast period. The North American market is expected to grow at the second-highest CAGR between 2017 and 2022, with the US registering the highest growth rate in the region.
Key players operating in the beverage carton packaging machinery market include 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).
