The global market for corrugated paper machines is poised for significant growth, with sales estimated at US$4.6 billion in 2021 and expected to reach US$6.8 billion by 2031. This growth represents a robust CAGR of 4.1% over the forecast period from 2021 to 2031, driven by an increasing demand for sustainable and durable packaging solutions amid the booming e-commerce and retail sectors.
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.
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 2021 and 2031
- 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 2031.
Report Benefits & Key Questions Answered
- Corrugated Paper Machine Historical Market Analysis: The detailed survey by FMI, examines key factors in the Corrugated Paper Machine market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Corrugated Paper Machine market for the forecast period 2021-2031.
- Corrugated Paper Machine Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Corrugated Paper Machine for the assessment period. As per the study, the demand for Corrugated Paper Machine will grow at a robust CAGR between 2021 and 2031.
- Corrugated Paper Machine Market Trend Analysis: The latest study by FMI on the Corrugated Paper Machine market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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.
Access Full Report: https://www.futuremarketinsights.com/reports/corrugated-paper-machine-market
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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