The Corrugated Box Machines Market is experiencing a remarkable surge, poised for substantial growth with a projected 5.0% Compound Annual Growth Rate (CAGR) from 2022 to 2032. Anticipated to nearly double its valuation, the market’s worth is expected to escalate from US$ 992 million in 2022 to a significant US$ 1,624 million by 2032. This market evolution is fortified by a resilient performance in 2021, marked by a 3.8% year-over-year increase in revenues, setting the stage for a promising trajectory.
Notably, the food and beverage sector is emerging as a pivotal driver, forecasted to contribute substantially to the market’s expansion. The demand for corrugated box machines in this sector is projected to reach US$ 567.6 million by 2032, exhibiting an impressive 4.8% CAGR over the forecast period. This industry’s embrace of these machines underscores their vital role in meeting packaging demands efficiently and innovatively. Overall, the Corrugated Box Machines Market embodies a compelling narrative of growth, adaptability, and technological advancement in the realm of packaging solutions.
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In 2021, the U.S. corrugated box machines market grew by 3.1% year on year. Across North America, total sales of corrugated box machines reached US$ 208 Mn, opines Future Market Insights (FMI).
The corrugated box machines market witnessed impressive growth in 2021 with worldwide revenues up 3.8% year over year. A new forecast by FMI estimates that corrugated box machines revenues will nearly double between 2022 and 2032.
Hence, key players in food & beverage and e-commerce industries are capitalizing on trending corrugated box making requirements with greater saving and profitability by using these machines.
Key Takeaways from Corrugated Box Machines Market
- By operating speed, upto 200 BPH segment is leading the global corrugated box machines market, accounting for 45.6% market share by 2032.
- In the end-use industry segment, the food & beverages segment will create an incremental $ opportunity of US$ 213.8 Mn in 2022.
- East Asia and South Asia, collectively, are anticipated to generate revenue for corrugated box machines market.
- Based on technology, automatic segment will witness fastest growth over the forecast period
“Increasing demand for corrugated boxes for packaging across different industries, especially used for packaging and transportation is anticipated to propel the demand for corrugated box machines during the forecast period.” says an FMI analyst.
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Innovation in Corrugated Box Machines Industry:
- Automated Box Making Systems: Integration of advanced automation in corrugated box machines streamlines the box-making process, improving efficiency, reducing labor requirements, and ensuring precision in box production.
- Digital Printing Technologies: Adoption of digital printing technologies in the corrugated box industry allows for high-quality, customizable graphics and designs on boxes, meeting the demand for visually appealing and branded packaging.
- Die-Cutting Innovations: Advancements in die-cutting technologies enable more intricate and precise cuts in corrugated boxes, offering greater flexibility in design and enhancing the overall packaging aesthetics.
- Smart Manufacturing with IoT: Implementation of Internet of Things (IoT) in corrugated box machines allows for real-time monitoring of production processes, predictive maintenance, and optimization of machine performance, contributing to increased operational efficiency.
- Environmentally Friendly Materials and Processes: Innovations in the use of eco-friendly materials and sustainable manufacturing processes in corrugated box machines address the growing demand for environmentally responsible packaging solutions, aligning with global sustainability trends.
Corrugated Box Machines Market Landscape
- Mitsubishi Heavy Industries, Ltd.,
- EMBA MACHINERY AB,
- BW Papersystems,
- Packsize International, Inc,
- SERPA PACKAGING SOLUTIONS,
- Latitude Machinery Corp.,
- T-ROC EQUIPMENT,
- Fosber S.p.A.,
- KOLBUS AMERICA INC.,
- Zemat Technology Group, Ltd,
- Guangzhou Gaint Packaging Machinery Co. Ltd,
- Miller Weldmaster
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Corrugated Box Machines Market by Category
By Technology:
- Automatic
- Semi-Automatic
- Manual
By Operating Speed:
- Upto 200 BPH
- 201 to 400 BPH
- Above 400 BPH
By Machine Type:
- Stand Alone
- Integrated
By End Use:
- Food & Beverage
- Pharmaceuticals
- Automotive
- Cosmetic & Personal Care
- Chemicals
- Electrical & Electronics
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
- Oceania
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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