NEW YORK, Feb. 2, 2024 /PRNewswire/ — The corrugated box making machine market is estimated to grow by USD 719.28 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.23% during the forecast period. Exponential growth in the e-commerce industry is a key factor driving the growth. The rise of e-commerce, initially prominent in the US and EU around 2000, is now rapidly expanding into developing countries, tapping into new markets. This growth, particularly in B2B trading, is expected to continue due to increased incomes and broader internet access globally. The thriving e-commerce sector significantly influences the demand for corrugated box making machines, as it requires more boxes for product packaging and branding, doubling the demand from manufacturers and e-commerce sellers. Consequently, e-commerce sites and sellers need more corrugated box suppliers to meet this demand.
Technavio has announced its latest market research report titled Global Corrugated Box Making Machine Market 2023-2027
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Technavio has segmented the market based on End-user (Food and beverages, Electronic goods, Home and personal care goods, Textile goods, and Others), Technology (Automatic, Semi-automatic, and Manual), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).
The food and beverages segment is estimated to witness significant growth during the forecast period. The rise in global food consumption and population is a key driver for the food and beverage market. This surge has increased the demand for processed and ready-to-eat foods, leading to a higher need for packaging, particularly corrugated boxes and their manufacturing machines. This trend is expected to drive the packaging industry’s demand for corrugated boxes.
By geography, the global corrugated box making machine market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global corrugated box making machine market.
APAC is estimated to contribute 50% to the growth of the global market during the forecast period. In the APAC region, China and India dominate the corrugated box making machine market. Other Southeast Asian countries are expected to drive increased demand for corrugated boxes due to growing urbanization, a rising middle class, and increasing employment rates. This surge in demand across industries will positively impact the packaging industry, particularly for corrugated boxes.
Insights on the contribution of various segments including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) – Download a Free Sample Report
Production of lightweight corrugated boxes is a primary trend shaping the growth.
The rising cost of raw materials used in corrugated boxes is a significant challenge restricting growth.
Insights on Drivers, trends, & Challenges, historic period (2017 to 2021), and forecast period(2023 to 2027)- Request a Free sample report!
Benefits and Features of Corrugated Box Making Machines
Corrugated box making machines offer various benefits for packaging and manufacturing processes. These machines, also known as packaging machinery, enable efficient box forming, manufacturing, and processing. They include equipment such as box forming, folding, sealing, flexo folder gluers, die-cutting, corrugating, stitching, printing, cutting, bundling, stacking, palletizing, and inspection machines. Corrugated box making machines are available in automatic and semi-automatic configurations, with high-speed and low-speed options to suit different production needs. They can handle various types of corrugated boxes, including single-wall, double-wall, and triple-wall boxes. Additional features like rotary die cutters, inline printing, creasing, scoring, slitting, sheet feeding, and labeling capabilities enhance their versatility and efficiency in box production processes.
What are the key data covered in this Corrugated Box Making Machine Market report?
CAGR during the forecast period
Detailed information on factors that will drive the growth between 2023 and 2027
Precise estimation of the size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the Corrugated Box Making Machine industry across APAC, North America, Europe, the Middle East and Africa, and South America
A thorough analysis of the competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of Corrugated Box Making Machine companies
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Sizes
Five Forces Analysis
Segmentation by End-user
Segmentation by Technology
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changing scenarios.
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SOURCE Technavio
