In 2023, the market for hinged food containers is projected to reach a value of US$ 87.4 billion, and from 2023 to 2033, it is projected to grow at a CAGR of 5.1% to reach US$ 145 billion. From 2018 to 2022, there was a 3.9% CAGR growth in the market for hinged food containers.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Corrugated Paper Machine
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Corrugated Paper Machine market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Corrugated Paper Machine Market Takeaways and Projections
- The U.S. is expected to lead the North America Corrugated Paper Machine market, projecting the fastest growth in the region between 2023 and 2033
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Corrugated Paper Machine market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Global Corrugated Paper Machine Market Segmentation
Segmentation Based On Machine Type:-
- Automatic
- Manual
Segmentation Based On The End Use:
- Food & Beverages
- Electronics
- E-commerce
- Logistics & shipping
- Household
- Healthcare
- Industrial & Institutional
Segmentation Based On Region:-
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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