According to the research report titled ‘Global Beverage Carton Packaging Machinery Market Size study, by Type (Horizontal end side-load, Top-load, Wraparound, Vertical leaflet and Vertical sleeve), by Form (Automatic and Semi-automatic), by Application (Alcoholic beverages, Soft drinks and Dairy beverages) and Regional Forecasts 2020-2027’, available with Market Study Report, global beverage carton packaging machinery market was valued at USD 785.7 million in 2019 and is projected to reach USD 949.2 million by the year, growing at a yearly rate of 2.39% throughout. 
 

Rising awareness about adverse environmental impact of plastic waste has proliferated the demand for biodegradable packaging materials, which is driving the global beverage carton packaging machinery market expansion. Furthermore, an increase in consumption of beverages coupled with lifestyle changes in developing countries are boosting the industry share.
 

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For the unversed, beverage carton packaging machinery produces corrugated or biodegradable cardboard. It is utilized for secondary packaging of beverages in carton packs.
 

The report cites that alliances among leading companies, and growing technological developments are proliferating the worldwide beverage carton packaging machinery market growth. Citing an instance, Graphic Packaging International Inc. launched a new packaging machinery system which provides creative carton designs and virtually creates any pack configuration with one piece of packaging equipment seamlessly. This system was launched on 24 August 2017 to showcase ReShape technology for the beverage sector.
 

On the other hand, strict government rules concerned with packaging, and high expenditure for setting up plants are likely to hamper global beverage carton packaging machinery industry outlook over the ensuing years.
 

Based on type, the industry is classified into top-load, horizontal end-side load, vertical leaflet, wraparound, and vertical sleeve. Speaking of form, the report divides the market into automatic, and semi-automatic. Moving on to application scope, the industry is segregated into soft drinks, alcoholic beverages, and dairy beverages.
 

From the regional frame of reference, Asia Pacific beverage carton packaging machinery market is reckoned to display modest growth over 2020-2027, owing to factors like speedy urbanization, and growing disposable income in economies like India and China. 
 

Key players influencing the global beverage carton packaging machinery market trends are Mitsubishi Electric Corporation, GPI Equipment, Econocorp Inc., Bradman Lake Group Limited, Krones AG, ACG Group, KHS Group, Jacob White Packaging, Langfang Best Crown Packing Machinery Co. Ltd., and Bosch Packaging Technology.