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The corrugated packaging software market size is estimated to grow by USD 9.13 billion at a Compound annual growth rate (CAGR) of 13.47% between 2022 and 2027. The growth of the market depends on several factors, including the availability of packaged solutions, the operational efficiency in managing different customers with different specifications, and the growing demand for online shopping in the e-commerce sector.
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The availability of packaged software solutions is driving growth in the corrugated packaging software market. The corrugated packaging solution can be installed on its own, which is capable of controlling the cutting, printing, and packing of corrugated boards. The packaged solutions are a part of ERP software, which helps in inventory management, planning, managing corrugated boards, billing, and shipment of corrugated boxes.
However, with the availability of packaged solutions, the adoption is increasing as it becomes easy to implement and manage. The cost-effectiveness of packaged solutions compared to standalone corrugated packaging software is higher. Therefore, it helps in increasing the profit margin of manufacturers. Such factors will propel the growth of the global corrugated packaging market during the forecast period.
The availability of cloud-based software is one of the major market trends. The TCO will include a significant upfront cost for the license when compared to traditional on-premises deployment and software implementation costs coupled with a high maintenance cost. In cloud-based deployment, the vendors take on the responsibility of implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration.
Additionally, the pricing model of cloud-based solution is based on a pay-per-use model, where customers, as opposed to traditional on-premises requiring a one-time high capital investment and constant operational costs, are being charged based upon their use of services. In an on-premises deployment, a large amount of money is spent on the creation of connections in the IT infrastructure of the enterprise and its partner systems to achieve an integrated flow of information.
The problems related to customization and flexibility is a major challenge in the market. The software is intended to make it easy for users to develop precise designs and manufacturing instructions relating to Corrugated Packaging so that they can speed up their processes. In this market, however, many software solutions may not offer the necessary level of customization or flexibility, which can impede users' ability to adjust to business needs.
However, certain software may not be able to support design variations or meet specific customer requirements. As a result, the production process can become inefficient as users must manually make modifications or search for workarounds rather than rely on automated solutions. Few factors will hamper the growth of the market in focus during the forecast period.
The market share growth by the on-premises segment will be significant during the forecast period. The major reason for the growth of the on-premises segment is increased data security. A number of customers have unique design specifications for the CRBs, which are produced by larger manufacturers.
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The on-premises segment showed a gradual increase in the market share of USD 4.11 billion in 2017 and continued to grow by 2021. On-premises products are easily modifiable or customizable. A one-time license fee with additional costs for training, updates, and support is also purchased for on-premises product. For the abovementioned reasons, this software is suited for larger enterprises. Such factors will propel the growth of the global corrugated packaging market during the forecast period.
One of the major reasons for the higher share of this segment was the high adoption of ERP software integrated with the software. Numerous large-scale vendors, such as Oracle and Epicor, are offering such packaged solutions, which are highly preferred among large-scale integrated manufacturing plants. The growing use of packaged solution for multiple uses in larger-scale production plants and the cost-effectiveness of packaged software are key factors contributing to this. Packaged solutions can help to run a manufacturing plant in full automation. However, it may lack complete customization of the corrugated packaging solution. Few factors will thereby exert a positive impact on the growth of the market during the forecast period.
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APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. China, Japan, and India are a few major revenue contributors in the region. This is due to the fact that demand for Corrugated boxes increases as a result of increased container shipments from these countries. The increase in the adoption of corrugated boxes by e-commerce vendors is also encouraging new corrugated box manufacturers to enter the market.
Moreover, the growing popularity of Chinese goods around the world has contributed significantly to China's position as a major contributor. The acceptance of cloud-based solution is currently low in this region, mainly owing to the lack of infrastructure. However, this low acceptance phenomenon is expected to increase during the forecast period, mainly in countries such as Australia and Singapore.
The market research and growth report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Abaca Systems Ltd. - The company offers Packing 3000 business management system which helps improve efficiency and reduce errors.
The market growth analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market responds to environmental concerns by facilitating sustainable solutions in end-use industries like food and beverage products. Customized branding options enhance client loyalty, encouraging repeat purchases. Biodegradable and recycled materials align with eco-friendly initiatives, supported by advancements in Machine Learning (ML) and 3D printing, reducing labor expenses and optimizing supply chains.
Collaboration with industry bodies like The European Federation of Corrugated Board Manufacturers (FEFCO) and The International Corrugated Case Association (ICCA) promotes initiatives like Corrugated Recycles. Various types of linerboard including Kraft liner and recycled linerboard cater to diverse needs in sectors such as food & beverages, electronic goods, pharmaceuticals, and personal care. Brand owners and merchants benefit from efficient secondary packaging solutions, enhancing product presentation and distribution routes.
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 to 2027.
Corrugated Packaging Software Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.47% |
Market growth 2023-2027 |
USD 9.13 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
13.0 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 34% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abaca Systems Ltd., Advantive, AICOMP Consulting GmbH, Amtech Software LLC, Arden Software Ltd., Dexciss Technology Pvt. Ltd., Eastern Software Systems Pvt. Ltd., Electronics For Imaging Inc., Epicor Software Corp., Erpisto, Esko Graphics BV, Finsys ERP, Onesys Ltd., Oracle Corp., Prestige Atlantic Asia Sdn Bhd, RITC Pvt. Ltd., Sistrade Software Consulting SA, theurer.com GmbH, Volume Software, and WITRON Logistik Informatik GmbH |
Market dynamics |
Parent market analysis, 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 the forecast period |
Customization purview |
If our market forecasting 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 Deployment
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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