Global Top Load Cartoning Machines Market to Grow at 4.5% CAGR through 2027

ALBANY, USA, 2018-May-09 — /EPR Network/ —A new research study titled, “Top Load Cartoning Machines Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2026)” has been added to the vast research repository of Market Research Reports Search Engine (MRRSE). According to the study, the global top load cartoning machines market is likely to grow at 4.5% CAGR and reach nearly US$ 767 million in revenues.

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According to the report, demand for top load cartoning machines will be influenced by macroeconomic and microeconomic factors. Increasing investments in high-quality packaging and end-user demand for high-quality products are some of the key factors driving the growth of the market. The broader developments in the packaging landscape are also likely to play a role in shaping this landscape.

According to the report, evolving preference for highly protective packaging is driving growth of top load cartoning machines market. End users are focusing on adopting innovative solutions that offer convenience and affordability. The growing preference for top load cartoning is likely to provide growth opportunities to key players in this landscape.

The research study also finds that the growth in the e-commerce sector is likely to open up new avenues for top load cartoning manufacturers. E-commerce has rapidly gained traction in both developed and developing markets, and it is highly likely that it will gain further ground in the years to come. On account of growth in the e-commerce sector, the top load cartoning machines market is likely to witness steady growth over the forecast period.

In a bid to offer in-depth analysis and insights, the research study offers segment-wise forecast. The market has been segmented on the basis of product type, capacity, end-use, and region. By capacity, demand for 150-400 RPM top load cartoning machines is likely to witness steady growth over the forecast period. By product type, demand for horizontal top load cartoning machines is likely to be higher than vertical top load cartoning machines – by 2026, the sales of horizontal top load cartoning machines are likely to surpass US$ 600 million.

For more information about this report visit: https://www.mrrse.com/top-load-cartoning-machines-market

Demand for top load cartoning machines is spread over a range of industries, however, food industry accounts for a significant demand. It is expected that by the end of the forecast period, the food industry will witness an incremental opportunity of nearly US$ 70 million in terms of creating demand for top load cartoning machines.

Europe continues to be one of the leading markets for top load cartoning machines globally. In addition to Europe, North America and Asia Pacific are also likely to account for significant demand for top load cartoning machines. The report projects Europe top load cartoning machines to grow at nearly 3.6% during the assessment period.

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