A box making machine is used to manufacture corrugated boxes of different size, shape, and capacity. The machine has features such as photo sensor, touch screen display, heating, cooling, and drying chamber. These boxes are used for packaging of consumer and industrial goods. Corrugated boxes are highly preferred due to their cost efficiency and sustainability; additionally, they are easy to recycle. A box making machine is available in different production capacities and price range. The global demand for corrugated boxes is growing due to development of self-packaging technology and recyclable property of these boxes. Expansion of the packaging industry is helping to drive the box making machine market.
Rising purchasing power of consumers and growth in penetration of the internet is leading to expansion of the e- commerce industry. This is expected to increase the demand for corrugated boxes which consequently leads to growth of the box making machine market during the forecast period. Growing population in emerging countries is increasing the consumption of different goods. This also fuels the packaging industry which is expected to boost the box making market across the globe. However, rapid volatility in raw material prices is expected to hamper the growth of the global box making machine market during the forecast period.
The global box making machine market can be segmented based on type, application, distribution channel, and region. Based on type, the box making machine market can be categorized into semi-automatic machine and fully automatic machine. A fully automatic machine comes with advance technologies at a lower cost which is expected to boost its demand during the forecast period. On the basis of application, the box making machine market is classified as food and beverage, electronics, cosmetic and personal care, cloth and fabric, and others. Growing demand for electronics and clothes through e-commerce is expected to influence the box making machine market during the forecast period. In terms of distribution channel, the market is segmented into online and offline. As compared to offline distribution channel, the online distribution channel is expected to be the more attractive segment during the forecast period. However, the offline segment dominated the market over the years. Due to attitude among the population towards correct purchase of box making machine through appropriate selection and according to their preference has also resulted to the dominance of offline segment in the global box making machine market.
In terms of region, the global box making machine market can be classified into North America (the U.S. and Canada), Europe (the U.K., France, and Germany), Asia Pacific (India, China, and Japan), Middle East & Africa (GCC and South Africa), and South America (Brazil). North America and Europe are expected to retain dominant market share in the global box making machine market as a large number of box making machine manufacturers are present in these regions. Asia Pacific is showing rapid growth in the packaging industry due to e-commerce growth. Hence, this region is expected to see fast growth rate in the box making machine market in the forthcoming years. The markets in South America and Middle East & Africa are gradually seeing a rise in their share in the global box making machine market. They are expected to show low growth rate compared to other regions.
The leading players in the global box making machine market are Fosber S.p.A, CS Corrugated, Packsize, EMBA Machinery, Zemat, Box on Demand, Standard Mechanical Works, Ming Wei Paperware Machinery Co. Ltd., T-ROC EQUIPMENT, SUN Automation Group, Serpa Packaging Solutions, Mitsubishi Heavy Industries, Ltd., and others. These leading players are focusing on product innovation in order to expand their market share. Moreover, players are also focusing on collaboration and acquisitions with companies across different regions to increase their market presence.
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