The Corrugated Box Making Machine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Corrugated Box Making Machine Global Market Report 2024, The corrugated box making machine market size has grown steadily in recent years. It will grow from $3 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to rise in e-commerce activities, growth in packaging industry, emphasis on sustainable packaging, globalization of trade.
The corrugated box making machine market size is expected to see steady growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to continued e-commerce growth, innovation in packaging designs, focus on lightweight packaging, rising popularity of direct-to-consumer (d2c) brands, shift towards sustainable packaging materials.. Major trends in the forecast period include remote monitoring and predictive maintenance, rise of compact and modular machines, increased demand for e-commerce packaging solutions, global supply chain challenges driving localized production, enhanced operator training and safety features..
The rising demand from the online retail industry is expected to propel the growth of the corrugated box-making machine market going forward. The online retail industry, also known as e-commerce or electronic commerce, refers to the buying and selling goods and services over the Internet. Corrugated box-making machines play a significant role in online retail by providing efficient and customized packaging solutions for shipping products to customers. Additionally, in the online retail industry, corrugated box-making machines contribute to efficient operations, brand consistency, customer satisfaction, and sustainable packaging practices. For instance, in April 2023, according to the US Census Bureau, a US-based government agency, the total retail e-commerce sales for the second quarter of 2023 were $277.6 billion, an increase of 2.1% (0.9%) from the first quarter of 2023. Therefore, the rising demand from the online retail industry is driving the growth of the corrugated box-making machine market.
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The corrugated box making machine market covered in this report is segmented –
1) By Type: Semi-Automatic, Fully Automatic
2) By Distribution Channel: Direct Sales, Indirect Sales
3) By End-User: Food And Beverages, Electronic And Consumer Goods, Home And Personal Goods, Textile Goods, Other End Users
Top Major Players
EMBA Machinery AB
Acme Machinery Pvt Ltd.
Serpa Packaging Solutions
Shanghai PrintYoung International Industry Co Ltd
Hebei Xinguang Carton Machinery Manufacturing Co Ltd.
Major companies operating in the corrugated box-making machine market are developing advanced solutions in corrugated box machines, such as flatbed die-cutters, to support the vision for the packaging industry. A flatbed die-cutter is a piece of equipment used to manufacture and process various materials, including paper, cardboard, corrugated board, foam, plastics, and more. For instance, in March 2022, Bobst Group SA, a Switzerland-based company specializing in machinery, equipment, and services for the packaging and label industries, launched MASTERCUT 1.65, a flatbed die-cutter. It is the only machine specially designed for litho-laminated converting that handles cartons and corrugated boards with litho-laminate, making it one machine for all applications. The MASTERCUT 1.65 is a unique option to deliver single, double, and full sheets. Its remarkable ergonomics, which include a high level of automation and accessibility, as well as the entirely intuitive HMI SPHERE, enable quick and easy handling for optimum productivity.
The corrugated box making machine market report table of contents includes:
1. Executive Summary
2. Corrugated Box Making Machine Market Characteristics
3. Corrugated Box Making Machine Market Trends And Strategies
4. Corrugated Box Making Machine Market – Macro Economic Scenario
5. Global Corrugated Box Making Machine Market Size and Growth
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32. Global Corrugated Box Making Machine Market Competitive Benchmarking
33. Global Corrugated Box Making Machine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Corrugated Box Making Machine Market
35. Corrugated Box Making Machine Market Future Outlook and Potential Analysis
36. Appendix
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