The edge board machines are used in the manufacturing of protective packaging solutions. The edge boards are widely used in protecting the edges of any product that is to be transported and requires certain protection for the corners from getting damaged. The edge boards are often made of paperboard laminated together by adhesive in multiple layers to form a perfect right angle. The protective packaging solutions like edge boards are gaining huge popularity among manufacturers as well as the consumers of various end use industries. The manufacturers prefer it because this little precautionary measure helps in reducing the damages to the product while transport and handling which in turn drastically reduces the losses incurred due to it. The edge boards are gaining popularity among the consumers as it helps in keeping the product quality intact and saves the time of returning the damaged shipment and waiting period of the returns.
The rapidly evolving logistics industry across the globe as a result of the increasing globalization is anticipated to bolster the market demand for edge board machines. As a result of globalization, many of the nations are in some way or other dependent on their partner countries for various items. The need to supply the final product with its initial quality intact to the final destination is of great importance. The protective packaging solutions like edge board or corner boards significantly helps in the securing the product content and its packaging for getting damaged during the logistic operation. As a result, with the rising logistics industry, the edge board market is anticipated to drive the market growth of edge board machines.
The growing trend of automation in the manufacturing sector has also resulted in the significant development of edge board machines over the years. In the manufacturing sector, the players are looking for solutions that can be integrated into their existing production line and have the ability to produce final output with minimal human intervention. The consistently growing demand from the manufacturers for fully automatic edge board machines that are capable of being integrated with other types of machinery is positively driving the growth of the target market.
One of the key success factors for the edge boards is the ongoing surge in demand for sustainable packaging solutions. The edge boards are made from paperboard which is often made from recycled materials and also can be reused as well as recycled. The rapid growth in the general awareness of the consumers towards sustainable products and the constant efforts of the manufacturers in reducing their carbon footprint is augmenting the demand for the edge boards in the market.
In the edge board machine market, the key players across the globe are focusing on expanding their operations and penetrating the market in emerging nations. As most of the emerging nations are major suppliers of raw materials and semi-processed products to the developed economies the demand for protective packaging solutions is considerably high. The manufacturers in the edge board machines market are focusing on expanding their operations in the small and emerging economies.
As a result of the Covid-19 pandemic, the demand for the edge board machine market suffered a major blow. This is mainly because of the restrictions imposed by several nations on the logistics and transportation of non-essential items. The logistic industry during the pandemic was drastically hampered across the globe. As edge boards are widely used in the logistics industry as protective packaging solutions its demand suffered as well. Furthermore, many manufacturers took cost-cutting measures in order to sustain the losses due to pandemic which resulted in decreasing the demand for comparatively costly automatic edge board machines in the market.
The edge board machine market can be segmented by automation, production capacity and end-use industry.
By Automation, the edge board machine market can be segmented as
By Production Capacity, the edge board machine market can be segmented as
By End-Use Industry, the edge board machine market can be segmented as
The consistent increase in the exports and drastic growth of the manufacturing sector in the countries like India, China and Japan of the Asia Pacific region is driving the market demand for the edge board machines in the region. Further, the favourable national government policies and subsidies to boost the domestic manufacturing sector in this region is supporting the growth of the target market. North America and Europe are comparatively matured markets that are generating consistent demand for the edge board machines and expanding at a steady pace.
Edge Board Machine Market: Key Players
Key players in the edge board machine market are,
The report edge board machine market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.
Regional Analysis Includes-
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