Press release
Corrugators Market Share, Regions, Top Key Players and Forecast by 2031
Corrugators Market
The global corrugators market size was valued at $2.7 billion in 2021, and is projected to reach $4.2 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031
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Top Companies
BHS Corrugated Maschinen- und Anlagenbau GmbH, ISOWA Corporation, HIC Machinery Co., Champion Corrugated Co., LTD., BW Papersystems, Sai Engineering, Acme Machinery Co. Pvt. Ltd, Wenzhou Kingsun Machinery Industrial Co.,Ltd., Guangdong Dongfang Precision Science & Technology Co., Ltd (Fosber S.p.A.), Mitsubishi Heavy Industries, Ltd.
There is an increase in the demand for corrugators machines with the increase in demand for sustainable packaging from industries such as food and beverages, and logistics & supply chain industry. Commonly observed types of corrugator machines in the market are automatic and manual. Out of these, the automatic segment accounted for the highest market share in 2021, owing to its higher productivity, and automated operation. On the basis of production capacity, the market is analyzed across the segments; less than 10 ton, 11-50 ton, 51-100 ton, and more than 100 ton.
Among these, the 11-50 ton segment accounted for the highest revenue in 2021. Furthermore, the market is analyzed with respect to different end users of the corrugators machines; food & beverages, electronics, pharmaceuticals, logistics & shipping, and other industries. Among these, the food and beverages segment registered higher revenue in 2021, owing to increase in demand for eco-friendly packaging from food and beverages manufacturers, and distributors.
The corrugators market has witnessed an impressive surge in recent years, driven by the escalating demand for efficient and eco-friendly packaging solutions. With the global packaging industry projected to reach unprecedented heights, corrugators are poised to play an even more pivotal role in shaping this landscape. The market is mainly driven by the increasing demand for sustainable packaging materials, the growth of the food & beverages industry, and high demand for corrugated boxes. However, volatility in raw material prices negatively impacts corrugator machine manufacturers, and users; thereby, constraining the growth of the market.
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Despite the promising growth, the corrugators market faces challenges such as fluctuating raw material prices and the need for skilled labor. However, these challenges are being met with innovative solutions, including material recycling and workforce training programs. Looking ahead, the corrugators market is poised for continued expansion. As technological advancements continue to redefine the industry, corrugators will play an increasingly integral role in the global packaging ecosystem.
The corrugators market stands at the forefront of packaging innovation, driving efficiency, sustainability, and customization. As industries continue to evolve and consumer preferences shift towards eco-conscious solutions, corrugators will remain a linchpin in the packaging landscape. With a blend of technological prowess and a commitment to sustainability, the corrugators market is set to shape the future of packaging in ways we can only begin to imagine.
With environmental consciousness on the rise, corrugated packaging has emerged as a sustainable alternative to plastic. The recyclability and biodegradability of corrugated materials align with the global push for greener practices. This eco-friendly aspect has significantly boosted the popularity of corrugators. Advancements in corrugator technology have been a driving force behind market growth. Modern corrugators are equipped with cutting-edge features such as precision control systems, automatic changeovers, and enhanced energy efficiency. These improvements not only increase production rates but also contribute to cost savings for manufacturers.
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