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The corrugated box making machine market size is forecast to increase by USD 719.28 million accelerating at a CAGR (compound annual growth rate) of 5.23% between 2022 and 2027. In 2017, the US held the largest market share projecting an annual growth of USD 5.07 billion.
The e-commerce trend, prevalent since 2000 in developed nations like the US and the EU, is now rapidly expanding into developing markets. This shift has prompted users of corrugated boxes to seek better alternatives due to concerns about inadequate protection during transportation. Smart packaging is emerging as a popular trend, prompting a reevaluation of traditional methods. While recycling has been common in the packaging industry, there is growing interest in exploring more effective solutions to meet evolving needs.
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The report provides a comprehensive outlook on the Market, offering industry predictions that are categorized based on End-user segments including food and beverages, electronic goods, home and personal care goods, textile goods, and others, Technology including automatic, semi-automatic, and manual, and Geographic regions including APAC, North America, Europe, Middle East and Africa, and South America. The market size, historical market size (2017-2021), and forecasts are provided on the basis of value (USD million) for all the above segments.
End-User is the Leading Segment to Dominate the Market
The food and beverages segment showed a gradual increase in the market share of USD 1.55 billion in 2017 and continued to grow until 2021. The increase in food consumption among people across the world, combined with the increasing population, is the major driver of the market. Food products are a basic need for human survival, and thus, the demand for food and beverage will witness a positive trend during the forecast period. The growing demand for processed food and ready-to-eat products has surged the packaging requirement, which is driving the demand boxes and box-making machines. The increasing demand for food and beverage products will have an impact on the packaging industry and will eventually drive the demand for corrugated boxes, as the food and beverage industry is heavily reliant on corrugated boxes for its packaging needs. This is expected to proliferate the demand for corrugated box-making machines during the forecast period.
Market - Revenue Share by End-User Segment, 2017-2027
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APAC Holds a Prominent Position in the Market
APAC is estimated to contribute 50% to the growth of the global market during the forecast period. The market in APAC was dominated by China and India. The demand is also expected to increase from other Southeast Asian countries as these consumable products have not reached the maturity stage. With the increasing urbanization and the rising middle-class population, the demand for various products across different industries is expected to grow during the forecast period. An increase in the employment rates in the developing countries of Asia will also increase the purchasing parity of the population.
This increasing demand for various products across different industries will certainly be a positive driver for the packaging industry, especially the corrugated boxes used for packaging and transportation. This is anticipated to increase the demand in APAC during the forecast period.
Market Size, By Region, Global, 2017-2027
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The Market is fragmented in nature. Some significant players include Acme Machinery Co., Bobst Group SA, EMBA Machinery AB, Fosber Spa, Guangdong Hongming Intelligent Joint Stock Co. Ltd., Hebei Shengli Carton Equipment Manufacturing Co. Ltd.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
ISOWA Corp., KOLBUS GmbH and Co. KG, Mitsubishi Heavy Industries Ltd., Natraj Corrugating Machinery Co., Panotec Srl, Serpa Packaging Solutions LLC, Shanghai PrintYoung International Industry Co. Ltd., Shinko Machine Mfg. Co. Ltd., SUN Automation Group, Sunrise Pacific Co. Ltd., Valco Cincinnati Inc., Wenzhou Zhongke Packaging Machinery Co. Ltd., and Zemat Technology Group Ltd.
Exponential growth in e-commerce industry is a key factor driving the market growth. E-commerce, which emerged in developed nations like the US and the EU around 2000, is now rapidly expanding into developing countries, tapping into previously untouched markets. The global e-commerce industry saw substantial growth in 2015, with a focus on B2B trading. This growth is expected to continue, driven by increasing incomes and broader internet access worldwide.
The thriving e-commerce sector significantly influences the global market. E-commerce not only raises the demand for product packaging but also necessitates additional branding and packaging. A single online order generates double the demand for corrugated boxes: one from the manufacturer and another from the e-commerce seller. To keep up, e-commerce sites and sellers require more corrugated box suppliers. Manufacturers may have their box-making machines or partner with corrugated box suppliers. Individual e-commerce sellers are also likely to invest in these machines, boosting demand in the forecast period.
The market is experiencing growth due to the rising trend of smart packaging in various industries. Traditionally, recycling has been common in corrugated box packaging, but smart packaging allows for the same box to be reused multiple times with minimal damage. This is particularly important in the e-commerce sector, where customer-friendly return policies result in an average of 30% of online orders being returned. With such a high return rate, sellers have incurred significant losses in packaging costs. Smart packaging enables easy product access for customers and can be reused if returns are necessary, reducing the need for new packaging. Key industries benefiting from smart packaging include beverage, e-commerce, pharmaceutical, and consumer goods. Manufacturers are responding to this demand by introducing machines capable of producing smart packaging. The automation of this process is also a key factor in the market's growth.
The corrugated box making machine market may face impeded growth due to the increasing adoption of alternative packaging solutions. These alternatives offer enhanced product protection for certain industries like beverages, pharmaceuticals, and manufacturing. They also provide cost savings, easier storage and product visibility, and reusability, which is beneficial for e-commerce businesses. Plastic reusable packaging boxes, in particular, are gaining popularity as they meet these criteria and contribute to environmental sustainability. This shift may decrease the demand for corrugated fiberboards and, consequently, box making machines during the forecast period.
The market is witnessing steady growth globally, driven by various factors impacting different regions and end-use industries. With a focus on enhancing efficiency, reducing costs, and meeting evolving consumer demands, the market for these machines continues to expand. In the US corrugated box machines market, the emphasis is on automation and advanced technology to streamline production processes and improve overall productivity. Similarly, in Germany, known for its engineering prowess, manufacturers are investing in innovative solutions to stay competitive in the global market. The food & beverages segment remains a significant contributor to the demand and the machines used to manufacture them. With consumers increasingly favoring eco-friendly packaging solutions, there is a growing need for efficient and versatile machinery that can produce high-quality boxes while minimizing energy consumption.
Moreover, the pharmaceutical industry is another key sector driving demand for corrugated box machines, particularly in regions like Mexico where there's a burgeoning pharmaceutical manufacturing sector. With stringent regulations and quality standards in place, manufacturers in this segment require precision and reliability from their packaging equipment.As the market evolves, the automatic machine segment is gaining traction, offering features such as rapid changeovers, integrated quality control systems, and IoT connectivity. This enables manufacturers to enhance production efficiency and meet the diverse needs of different end-use industries such as pharmaceuticals, food & beverages, and cosmetics & personal care.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2021.
Corrugated Box Making Machine Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.23% |
Market growth 2023-2027 |
USD 719.28 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.71 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 50% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acme Machinery Co., Bobst Group SA, EMBA Machinery AB, Fosber Spa, Guangdong Hongming Intelligent Joint Stock Co. Ltd., Hebei Shengli Carton Equipment Manufacturing Co. Ltd., ISOWA Corp., KOLBUS GmbH and Co. KG, Mitsubishi Heavy Industries Ltd., Natraj Corrugating Machinery Co., Panotec Srl, Serpa Packaging Solutions LLC, Shanghai PrintYoung International Industry Co. Ltd., Shinko Machine Mfg. Co. Ltd., SUN Automation Group, Sunrise Pacific Co. Ltd., Valco Cincinnati Inc., Wenzhou Zhongke Packaging Machinery Co. Ltd., and Zemat Technology Group Ltd. |
Market dynamics |
Parent market analysis, Market growth and forecasting,market growth and trends Market Forecasting , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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