Corrugated Box Machines Market Overview:
As per MRFR analysis, the Corrugated Box Machines Market Size was estimated at 13.45 (USD Billion) in 2022. The Corrugated Box Machines Market Industry is expected to grow from 14.2(USD Billion) in 2023 to 23.01 (USD Billion) by 2032. The Corrugated Box Machines Market CAGR (growth rate) is expected to be around 5.52% during the forecast period (2024 - 2032).
Key Corrugated Box Machines Market Trends Highlighted
The corrugated box machines market is driven by the growing demand for corrugated boxes, driven by the e-commerce and packaging industries. Key market drivers include the increasing need for sustainable packaging solutions, the rising demand for customized boxes, and the growth of the food and beverage industry.
Opportunities to be explored or captured include the development of innovative and efficient machines, the expansion into emerging markets, and the adoption of automation technologies. Trends in recent times have shown an increase in the adoption of digital printing and flexographic printing technologies, as well as the integration of smart sensors and IoT devices to enhance productivity and reduce downtime.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Corrugated Box Machines Market Drivers
Rising Demand for Sustainable Packaging Solutions
The growing awareness of environmental sustainability has led to an increasing demand for eco-friendly packaging solutions. Corrugated boxes are widely recognized as a sustainable alternative to traditional plastic and foam packaging due to their biodegradability and recyclability. This demand is expected to drive the growth of the Corrugated Box Machines Market Industry as manufacturers seek to meet the evolving needs of consumers and businesses alike.
E-commerce and Online Retail Boom
The rapid growth of e-commerce and online retail has fueled the demand for corrugated boxes. The increasing number of online purchases translates into a greater need for protective packaging to ensure the safe delivery of goods. Corrugated boxes, with their durability and cost-effectiveness, are a preferred choice for e-commerce businesses, contributing to the expansion of the Corrugated Box Machines Market Industry.
Advancements in Printing and Finishing Technologies
Industry Review As the market of Corrugated Box Machines Market Industry is growing, there are technologies in the printing and finishing process that are enabling manufacturers to meet the demands of the industries. These technologies enable printing a wide assortment of colors, allowing intricate and vibrant designs. In addition to color printing, the advanced printing technologies also enhanced other protective features of corrugated boxes to cater to various industries, including food, beverages, pharmaceutical, and consumer electronics.
As the extended use cases of the corrugated boxes are found from the innovations in printing and finishing, it has further enhanced the aesthetic appeal of the corrugated boxes which are driving more usage in the industry. Bibliography Corrugated Industry Forecast and Review, Smithers Pira, March 2017.
Corrugated Box Machines Market Segment Insights:
Corrugated Box Machines Market Corrugation Type Insights
The corrugated box machines market is segmented by corrugation type into single facer, double facer, and triple wall corrugator. The double facer segment held the largest market share in 2023, and is expected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for double-walled corrugated boxes, which offer superior strength and protection compared to single-walled boxes. The single facer segment is expected to witness a steady growth rate during the forecast period.
Single-walled corrugated boxes are widely used for packaging a variety of products, including food, beverages, and electronics. The growth of this segment can be attributed to the increasing demand for lightweight and cost-effective packaging solutions. The triple wall corrugator segment is expected to grow at a moderate pace during the forecast period. Triple-walled corrugated boxes are used for packaging heavy and fragile items, such as machinery and furniture. The growth of this segment can be attributed to the increasing demand for heavy-duty packaging solutions.
The corrugated box machines market is expected to grow from a value of 14.20 billion U.S. dollars in 2023 to 23.01 billion U.S. The growth of the market can be attributed to the increasing demand for corrugated boxes from various industries, such as e-commerce, food and beverage, and pharmaceuticals.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Corrugated Box Machines Market Capacity Insights
The Corrugated Box Machines Market is segmented by capacity into low capacity (less than 250 boxes per hour), medium capacity (250-500 boxes per hour), and high capacity (over 500 boxes per hour). The high capacity segment is expected to hold the largest market share in 2023, and is projected to continue to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing demand for corrugated boxes from various industries, such as e-commerce, food and beverage, and pharmaceuticals.
The low capacity segment is expected to account for the smallest market share in 2023, but is projected to grow at a steady pace during the forecast period. This growth is attributed to the increasing demand for corrugated boxes from small and medium-sized businesses. The medium capacity segment is expected to hold a significant market share in 2023, and is projected to grow at a moderate CAGR during the forecast period. This growth is attributed to the increasing demand for corrugated boxes from a wide range of industries, such as manufacturing, retail, and logistics.
Corrugated Box Machines Market Sheet Size Insights
The Corrugated Box Machines Market is segmented by Sheet Size into Small (less than 700mm in width), Medium (700-1000mm in width), and Large (over 1000mm in width). In 2023, the Medium segment held the largest market share of 45%, followed by the Small segment with 30% and the Large segment with 25%.
The Medium segment is expected to continue to dominate the market in the coming years, with a projected market share of 47% by 2032. The growth of the Medium segment is attributed to the increasing demand for corrugated boxes in the e-commerce and retail sectors, which require boxes of medium size to package a wide range of products.
Corrugated Box Machines Market Printing Capability Insights
The Corrugated Box Machines Market is segmented by Printing Capability into Flexographic, Gravure, and Offset. Flexographic printing machinery holds the largest market share due to its versatility and cost-effectiveness. The Flexographic printing segment is expected to reach a market valuation of USD 5.8 billion by 2024, growing at a CAGR of 5.2%. Gravure printing is another popular printing technology used in the production of corrugated boxes. It offers high-quality printing with intricate designs, making it suitable for premium packaging applications.
The Gravure printing segment is projected to reach a market size of USD 4.2 billion by 2024, exhibiting a CAGR of 4.8%. Offset printing, while less common in the corrugated box industry, provides precise and consistent printing results. The Offset printing segment is anticipated to grow at a CAGR of 4.5%, reaching a market valuation of USD 3.4 billion by 2024. The growth of the Flexographic, Gravure, and Offset printing segments is driven by factors such as increasing demand for customized packaging, advancements in printing technology, and the rise of e-commerce.
Corrugated Box Machines Market Automation Level Insights
The automation level segment of the Corrugated Box Machines Market is segmented into manual, semi-automatic, and fully automatic machines. In 2023, the fully automatic segment held the largest market share of over 60%, and is expected to grow at a CAGR of 7.5% from 2023 to 2032. Semi-automatic machines are expected to grow at a CAGR of 6.5% during the same period, while manual machines are expected to decline in popularity.
The growth of the fully automatic segment can be attributed to the increasing demand for high-speed and efficient packaging solutions.Fully automatic machines offer higher productivity and lower labor costs compared to manual and semi-automatic machines. Additionally, the growing adoption of Industry 4.0 technologies is driving the demand for fully automatic machines that can be integrated with other automation systems.
Corrugated Box Machines Market Regional Insights
The regional segmentation of the Corrugated Box Machines Market provides insights into the market's geographic distribution and performance across different regions. North America is expected to hold a significant market share due to the presence of established packaging and manufacturing industries.
Europe is another key region, with a high demand for corrugated boxes in various sectors such as food and beverage, electronics, and pharmaceuticals. The Asia-Pacific region is projected to witness substantial growth, driven by the increasing demand from emerging economies like China and India. South America and the Middle East Africa (MEA) are expected to contribute to the market's growth, albeit at a slower pace compared to other regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Corrugated Box Machines Market Key Players And Competitive Insights:
Major players in Corrugated Box Machines Market industry are constantly trying to develop new and innovative products to stay ahead of the competition. Leading Corrugated Box Machines Market players are focusing on expanding their global footprint by establishing new manufacturing facilities and distribution channels. The Corrugated Box Machines Market industry is expected to witness significant growth in the coming years, owing to the increasing demand for corrugated boxes from various end-use industries such as food and beverage, e-commerce, and pharmaceuticals.
The Corrugated Box Machines Market Competitive Landscape is expected to remain highly competitive, with key players focusing on product innovation and strategic partnerships to gain a competitive edge.Among the leading Corrugated Box Machines Market players, Bobst Group is a global supplier of equipment and services to the packaging and printing industry. The company offers a wide range of corrugated box machines, including flexo folder-gluers, die-cutters, and printing presses. Bobst Group has a strong global presence, with manufacturing facilities and sales offices in over 50 countries. The company's commitment to innovation and customer service has made it a leading player in the Corrugated Box Machines Market industry.
Another leading Corrugated Box Machines Market player is Koenig Bauer AG. The company offers a comprehensive range of corrugated box machines, including corrugators, flexo folder-gluers, and die-cutters. Koenig Bauer AG has a strong focus on research and development, and its machines are known for their high quality and performance. The company has a global presence, with manufacturing facilities and sales offices in over 100 countries. Koenig Bauer AG's commitment to innovation and customer satisfaction has made it a leading player in the Corrugated Box Machines Market industry.
Key Companies in the Corrugated Box Machines Market Include:
- ISOWA
- SATO
- Zhejiang Jiejing Machinery
- Ouya Machinery
- Wenzhou Wansheng Packaging Machinery
- SUNNYMAC
- Maxson Automatic Machinery
- Fosber
- JIANGSU XINGTONG MECHANICS
- Harris Bruno
- Changzhou Kaituo Machinery
- Bobst
- DGM
- MHI
- Hangzhou Chengxing Machinery
Corrugated Box Machines Market Industry Developments
The corrugated box machines market is expected to reach a value of USD 23.01 billion by 2032, exhibiting a CAGR of 5.52% during the forecast period (2024-2032). The growth of the market is attributed to the increasing demand for corrugated boxes from various end-use industries such as food and beverage, e-commerce, and pharmaceuticals.
Recent news developments in the market include the launch of new and innovative corrugated box machines by leading manufacturers. For instance, in 2023, Bobst launched the EXPERTFOLD 165 folder-gluer, which is designed to meet the growing demand for high-quality corrugated packaging.Some of the key players in the global corrugated box machines market include Bobst, Mitsubishi Heavy Industries, and Fosber. These companies are focusing on expanding their product portfolios and entering new markets to gain a competitive edge.
Corrugated Box Machines Market Segmentation Insights
-
Corrugated Box Machines Market Corrugation Type Outlook
- Single Facer
- Double Facer
- Triple Wall Corrugator
-
Corrugated Box Machines Market Capacity Outlook
- Low capacity (less than 250 boxes per hour)
- Medium capacity (250-500 boxes per hour)
- High capacity (over 500 boxes per hour)
-
Corrugated Box Machines Market Sheet Size Outlook
- Small (less than 700mm in width)
- Medium (700-1000mm in width)
- Large (over 1000mm in width)
-
Corrugated Box Machines Market Printing Capability Outlook
- Flexographic
- Gravure
- Offset
-
Corrugated Box Machines Market Automation Level Outlook
- Manual
- Semi-automatic
- Fully automatic
-
Corrugated Box Machines Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
13.45(USD Billion) |
| Market Size 2023 |
14.2(USD Billion) |
| Market Size 2032 |
23.01(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.52% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
ISOWA ,SATO ,Zhejiang Jiejing Machinery ,Ouya Machinery ,Wenzhou Wansheng Packaging Machinery ,SUNNYMAC ,Maxson Automatic Machinery ,Fosber ,JIANGSU XINGTONG MECHANICS ,Harris Bruno ,Changzhou Kaituo Machinery ,Bobst ,DGM ,MHI ,Hangzhou Chengxing Machinery |
| Segments Covered |
Corrugation Type ,Capacity ,Sheet Size ,Printing Capability ,Automation Level ,Regional |
| Key Market Opportunities |
Ecommerce Surge Packaging Innovations Sustainability Demands Rising Industrialization Automation Advancements |
| Key Market Dynamics |
Increasing demand for corrugated boxes technological advancements growing ecommerce sustainability concerns and expanding food and beverage industry |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global Corrugated Box Machines Market was valued at USD 14.2 billion in 2023 and is projected to reach USD 23.01 billion by 2032, exhibiting a CAGR of 5.52% during the forecast period (2023-2032).
Asia-Pacific is expected to dominate the global Corrugated Box Machines Market during the forecast period. The growth in this region can be attributed to the increasing demand for corrugated boxes from various industries, such as food and beverage, e-commerce, and pharmaceuticals.
The key growth factors driving the Global Corrugated Box Machines Market include the rising demand for corrugated boxes, increasing e-commerce activities, growing awareness about environmental sustainability, and technological advancements in corrugated box making machinery.
Some of the key competitors in the Global Corrugated Box Machines Market include Bobst Group, Koenig Bauer AG, Mitsubishi Heavy Industries, Ltd., J.H. Rotary Machine Co. Ltd., FOSBER, and SML Maschinengesellschaft mbH.
Corrugated Box Machines are primarily used in the production of corrugated boxes, which find applications in various industries, including food and beverage, e-commerce, pharmaceuticals, consumer electronics, and automotive.
The Global Corrugated Box Machines Market faces certain challenges, such as fluctuations in raw material prices, intense competition, and stringent environmental regulations.
The Global Corrugated Box Machines Market presents several growth opportunities, including the increasing adoption of automation and digital technologies, growing demand for sustainable packaging solutions, and expanding e-commerce activities.
Some of the key trends in the Global Corrugated Box Machines Market include the integration of Industry 4.0 technologies, the development of lightweight and eco-friendly corrugated boxes, and the adoption of advanced printing techniques.
The Global Corrugated Box Machines Market is anticipated to register a CAGR of 5.52% during the forecast period from 2023 to 2032.
The Global Corrugated Box Machines Market can be segmented based on machine type, end-use industry, and region. The major machine types include rotary die-cutters, flatbed die-cutters, and folder-gluers. The end-use industries include food and beverage, e-commerce, pharmaceuticals, and consumer electronics.
