Dublin, Oct. 04, 2024 (GLOBE NEWSWIRE) — The “Corrugated Box Making Machines – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Corrugated Box Making Machines was estimated at US$2.6 Billion in 2023 and is projected to reach US$3.3 Billion by 2030, growing at a CAGR of 3.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Corrugated box making machines are vital for the packaging industry as they enable the efficient and cost-effective production of corrugated boxes, which are widely used for packaging goods across various industries. As the demand for packaging continues to grow, driven by e-commerce, retail, and industrial sectors, the importance of high-performance corrugated box making machines is increasing, making them indispensable for packaging manufacturers.
What Is Driving the Growth in the Corrugated Box Making Machines Market?
The growth in the corrugated box making machines market is driven by several factors. The increasing demand for packaging solutions, driven by the growth of e-commerce, retail, and industrial sectors, is a major driver of market growth. Technological advancements in automation, digital controls, and material handling are also contributing to market growth by improving the efficiency, precision, and flexibility of box making machines.
The rising focus on sustainable packaging and the need for eco-friendly and recyclable boxes are further supporting the adoption of advanced machines that can produce high-quality packaging with minimal environmental impact. Additionally, the expansion of global trade and the increasing need for efficient and reliable packaging solutions are creating new opportunities for growth in the corrugated box making machines market. These factors, combined with the ongoing innovation in the packaging industry, are driving the expansion of the corrugated box making machines market.
How Are Technological Advancements Enhancing Corrugated Box Making Machines?
Technological advancements are significantly enhancing the efficiency, precision, and flexibility of corrugated box making machines. Innovations in automation and digital controls are streamlining the production process, allowing for faster and more accurate box cutting, folding, and printing. The development of modular and multi-functional machines is enabling manufacturers to produce a wide variety of box sizes and designs with minimal setup time, improving production flexibility and reducing waste.
Additionally, advances in material handling and cutting technologies are improving the precision and consistency of box production, ensuring that boxes meet strict quality standards. These technological advancements are driving the adoption of advanced corrugated box making machines, supporting the growth of the market.
What Market Trends Are Driving the Demand for Corrugated Box Making Machines?
Several key market trends are driving the demand for corrugated box making machines, including the growth of e-commerce, the increasing focus on sustainable packaging, and the rise of automation in manufacturing. The growth of e-commerce, driven by the shift towards online shopping, is boosting demand for corrugated boxes that can protect products during shipping and provide a positive unboxing experience for customers. The increasing focus on sustainable packaging, driven by environmental concerns and consumer preferences, is also driving demand for machines that can produce eco-friendly and recyclable corrugated boxes.
Additionally, the rise of automation in manufacturing, supported by advancements in digital technologies, is encouraging the adoption of automated box making machines that can improve efficiency, reduce labor costs, and meet the high-volume demands of modern packaging operations. These trends are shaping the future of the corrugated box making machines market, driving innovation and growth in the industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automatic Technology segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 4.2%. The Semi-Automatic Technology segment is also set to grow at 2.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $700.3 Million in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $685.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ACME Machinery Co. Pvt. Ltd., AOPACK Ltd., BW Papersystems (a division of Barry-Wehmiller), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 296 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $2.6 Billion |
| Forecasted Market Value (USD) by 2030 | $3.3 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Corrugated Box Making Machines – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- E-Commerce Growth Drives Demand for Corrugated Box Making Machines
- Sustainability Trends Propel Innovations in Eco-Friendly Packaging Solutions
- Automation and Robotics Revolutionize Corrugated Box Production
- Supply Chain Efficiencies and Their Impact on Box Manufacturing
- Consumer Demand for Customized Packaging Spurs Technological Advancements
- Rising Raw Material Costs and Their Influence on Production Economics
- Labor Market Trends and Automation in the Packaging Industry
- Shifts in Consumer Goods Consumption Patterns Influence Demand
FOCUS ON SELECT PLAYERS (Total 53 Featured)
- ACME Machinery Co. Pvt. Ltd.
- AOPACK Ltd.
- BW Papersystems (a division of Barry-Wehmiller)
- Friends Engineering Company
- Hebei Shangli Carton Machinery Co., Ltd
- ISOWA Corporation
- KOLBUS AutoBox Ltd
- KOLBUS GmbH and Co. KG
- Natraj Corrugating Machinery Co.
- Panotec Srl
- Shanghai PrintYoung International Industry Co. Ltd.
- Shinko Machine Co., Ltd.
- Sunrise Pacific Co. Ltd.
- T-ROC Equipment LLC
- WestRock Company
- Zemat Technology Group Sp. z o.o.
For more information about this report visit https://www.researchandmarkets.com/r/1qzx0f
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