Corrugated Box Making Machine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Corrugated Box Making Machine Market: Introduction

• Corrugated box making machine is an equipment used to make corrugated boxes, used for packaging consumer and industrial goods. Corrugated packaging is best suited for shipping and transporting products that are fragile in nature across developed and developing economies. These boxes are very durable and have high safety standards compared to other modes of packaging such as cardboard packaging. Corrugated boxes protect goods and are lightweight compared to wooden packaging.
• The COVID-19 outbreak has led to the decline of industries, as governments of developed and developing economies have imposed lockdown, due to which the working of industries such as food & beverages, packaging, and retail among others have stopped. This, in turn, has impacted production and manufacturing, and adversely affected the global economy. Thus, demand for corrugated box making machines has also been impacted.

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Global Corrugated Box Making Machine Market: Dynamics

Global Corrugated Box Making Machine Market: Key Drivers

• Paper and paper products are versatile industrial raw materials with a wide variety of applications. Wooden packing cases are more and more replaced with corrugated board- boxes and cartons due to shortage of softwood. This, in turn, is expected to accelerate the growth of the corrugated box making machine market.
• The food and beverage industry includes all the manufacturers involved in processing raw food materials, and packaging and distributing them. The growing demand for processed food and ready-to-eat products has surged the packaging requirement, which is driving the demand for corrugated boxes and subsequently, corrugated box making machines.
• Increase in demand for corrugated boxes for packaging products ordered through online platforms is expected to fuel the growth of the corrugated box making machine market. Thus, increasing popularity of smart packaging in the e-commerce industry is also likely to drive market growth. In addition, manufacturers are developing corrugated box making machines that can support the manufacturing of smart packaging due to growing popularity and demand from the online retail industry, which in turn is set to boost the corrugated box making machine market.

Asia Pacific to Account for Major Share of the Global Corrugated Box Making Machine Market

• In terms of region, the global corrugated box making machine market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• The corrugated box making machine market in Asia Pacific is expected to hold leading share due to growing adoption of corrugated box making machines in various industrial applications. Rise in disposable income and growing penetration of the Internet has fueled the growth of the retail industry, which in turn is expected to enhance the demand for corrugated box making machines.
• North America is anticipated to hold a significant share of the global corrugated box making machine market due to growth of e-commerce industry, which is one of the major factors driving market growth.

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Global Corrugated Box Making Machine Market: Competitive Landscape

Key Players Operating in the Global Corrugated Box Making Machine Market

Companies operating in the corrugated box making machine market are increasingly investing in research and development to develop new and innovative techniques to manufacture corrugated box making machines. Manufacturers are also focusing on offering highly-efficient and reliable corrugated box making machines with advanced technology such as IoT (Internet of Things) and artificial intelligence (AI). The corrugated box making machine market is highly fragmented with the presence of numerous manufacturers, primarily in developing regions. Furthermore, manufacturers are striving to gain a competitive edge by increased product differentiation. Key players operating in the global corrugated box making machine market are:

• Saro Packaging Machine Industrie
• ACME Machinery Co. Pvt. Ltd.
• Bobst Group SA
• EMBA Machinery AB
• Fosber Spa
• ISOWA Corporation
• KOLBUS. GmbH & Co. KG
• Mitsubishi Heavy Industries Ltd.
• Packsize International
• Serpa Packaging Solutions
• Shanghai PrintYoung International Industry
• Shengli carton Equipment Manufacturing
• Shinko Machine Mfg. Co. Ltd.
• Wenzhou Zhongke Packaging Machinery Co. Ltd.
• Zemat Technology Group Ltd.

Global Corrugated Box Making Machine Market: Research Scope

Global Corrugated Box Making Machine Market Segmentation, by Function Type

• Semi-automatic
• Automatic

Global Corrugated Box Making Machine Market, by Distribution Channel

• Direct Sales (OEM)
• Indirect Sales

Global Corrugated Box Making Machine Market, by Application

• Industrial
• Commercial

Global Corrugated Box Making Machine Market Segmentation, by End-user

• Food & Beverages
• Electronic & Consumer Goods
• Home & Personal Goods
• Textile Goods
• Others

Global Corrugated Box Making Machine Market Segmentation, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • U.A.E.
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
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• Competitive landscape
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• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.