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Insights into the Corrugated Box Making Machine Market: Trends and Analysis || EMBA Machinery AB, Acme Machinery Pvt Ltd, Serpa Packaging Solutions
Corrugated Box Making Machine Market
The Business Research Company presents an extensive market research report on the Corrugated Box Making Machine Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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..
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Key Market Players:
EMBA Machinery AB, Acme Machinery Pvt Ltd, Serpa Packaging Solutions, Shanghai PrintYoung International Industry Co Ltd, Hebei Xinguang Carton Machinery Manufacturing Co Ltd, WestRock Box on Demand, Ding Shung Machinery Co Ltd, Bobst Group SA, Valco Melton Inc., T-ROC Equipment LLC, Fosber S.p.A., Isowa Corporation, KOLBUS. GmbH & Co. KG, Mitsubishi Heavy Industries Ltd., Zemat Technology Group Ltd., SUN Automation Group, Wenzhou Zhongke Packaging Machinery Co Ltd., Packsize International LLC, Saro Packaging Machine Industries, Natraj Industries, Marquip Ward United Inc., Shinko Machine Mfg. Co Ltd, Latitude Machinery Corp., Miller Weld master Corporation, BW Paper Systems Inc. are prominent players in the industry.
Market Drivers:
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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Market Segments Include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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