The global corrugated box machines market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period from 2022 to 2032. The market value is anticipated to rise from US$ 992 million in 2022 to US$ 1,624 million by 2032, representing a substantial expansion.
Market Insights
In 2021, the USA corrugated box machines market witnessed a 3.1% year-on-year growth, with total sales across North America reaching US$ 208 million. Globally, the market experienced impressive growth, with revenues increasing by 3.8% year over year. The forecast by Future Market Insights (FMI) predicts a near doubling of corrugated box machines revenues between 2022 and 2032.
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Demand Segments and Industry Trends
The segments of up to 200 BPH (Boxes Per Hour) and 201 – 400 BPH are projected to generate revenue of US$ 742.4 million in 2022, with the food and beverages segment expected to reach US$ 353.8 million in the same year. The adoption of smart packaging to enhance product safety and shelf life is driving demand for corrugated box making machines. Leading e-commerce companies and food brands are incorporating smart packaging solutions, propelling the market forward.
Adoption of Energy-efficient Solutions Driving Corrugated Box Machines Demand
Key industries such as e-commerce and food & beverage are witnessing a surge in market players, necessitating efficient machinery solutions for production. Manufacturers are increasingly opting for corrugated box making machines with low energy consumption and optimal production speeds to meet industry demands.
In alignment with sustainability goals, manufacturers are emphasizing eco-friendly solutions, leading to increased adoption of energy-efficient box making machines. Corrugated box machines with reduced maintenance costs and lower energy consumption are enhancing profitability and productivity simultaneously, driving market traction.
Demand Outlook for the U.S. Corrugated Box Machines Market:
- The U.S. is poised to dominate the corrugated box machines market, accounting for a substantial share of approximately 78.2% in 2022.
- The country’s robust consumption of packaging solutions by manufacturers is a key factor driving market growth.
- The highly integrated supply chain network in the U.S., linking producers and consumers through various transportation modes, further supports market expansion.
According to the International Trade Administration and the Council of Supply Chain Management Professionals, the U.S. boasts a formidable logistics network, reinforcing its position as a key player in the corrugated box machines market.
Business Growth Opportunities:
- Automation Integration: Embrace advanced automation technologies to enhance production efficiency and reduce labor costs. Integrating robotics and smart technologies in corrugated box manufacturing processes can lead to significant productivity gains.
- Customization Capabilities: Offer customizable solutions to meet diverse packaging needs of clients. Providing options for personalized designs, sizes, and printing on corrugated boxes can attract a broader customer base.
- Sustainable Practices: Respond to the increasing demand for eco-friendly packaging solutions by adopting sustainable practices. Invest in environmentally friendly materials and processes, aligning with the growing preference for sustainable packaging in various industries.
- Global Expansion: Explore opportunities for expanding market presence internationally. Identify emerging markets and establish strategic partnerships or collaborations to tap into new customer bases and geographical regions.
- E-commerce Packaging Solutions: With the rise of e-commerce, focus on developing packaging solutions tailored for online retail. Design corrugated boxes that are not only durable but also optimized for efficient shipping, providing a competitive edge in the booming e-commerce sector.
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Industry Trends:
- Digital Printing Technology: Embrace digital printing in corrugated box manufacturing for more flexible and cost-effective customization. This trend allows for shorter print runs, faster turnaround times, and the ability to cater to small and medium-sized businesses.
- Lightweight Packaging: Respond to the industry trend towards lightweight packaging. Develop corrugated boxes that maintain structural integrity while using fewer materials, aligning with sustainability goals and reducing transportation costs.
- Smart Packaging Solutions: Integrate smart technologies into corrugated boxes, enabling features such as RFID tracking, temperature monitoring, or interactive packaging. This trend addresses the increasing demand for traceability, quality control, and enhanced customer engagement.
- Circular Economy Initiatives: Participate in circular economy initiatives by promoting recyclability and implementing closed-loop recycling systems. Sustainable practices in corrugated box production, from sourcing materials to end-of-life considerations, are becoming essential for meeting market expectations.
- E-commerce Packaging Innovations: Innovate in response to the evolving needs of the e-commerce sector. Develop packaging solutions that address challenges such as reducing packaging waste, enhancing product protection during shipping, and optimizing space utilization in fulfillment centers.
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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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