Corrugated Box Making Machine Market Size
Corrugated Box Making Machine Market was valued at USD 2.6 billion in 2023 and is estimated to grow at a CAGR of 4.4% during 2024 to 2032. The production of consumer goods, including electronics, food and beverages, and personal care products, is highly growing. These goods require effective packaging, often provided by corrugated boxes, which drives the demand for box making machines.
To get key market trends
Online buying has swept the planet, and with it has come a great need for strong and dependable packing to keep all those things safe on their way to consumers' doorsteps. That is where corrugated boxes find application. These sturdy small crates have purposes beyond just house relocation now. Businesses of various kinds, particularly in sectors like automotive, healthcare, and farming where robust packaging is absolutely necessary, depend on them. These boxes can manage the work, hence demand for machines that fit them is explosive. More and more individuals have the means to acquire packaged goods as new cities blossom and economies expand. And suppose what they could need to pack all that? proper, corrugated boxes. Therefore, the increasing need for these boxes indicates the great demand for the manufacturing of the related machinery.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Corrugated Box Making Machine Market Size in 2023 | USD 2.6 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 4.4% |
| 2032 Value Projection | USD 3.9 Billion |
| Historical Data for | 2021 - 2023 |
| No. of Pages | 487 |
| Tables, Charts & Figures | 428 |
| Segments covered | Type, Box Type, End-use, Distribution Channel, Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
For small and medium-sized businesses (SMEs), the expenses of obtaining and configuring corrugated box producing machinery can be absolutely prohibitive. This covers operator training, installation, and sophisticated machinery costs. The best performance of corrugated box producing equipment depends on regular maintenance. Maintenance or repair downtime can cause notable manufacturing delays and higher running expenses.
Corrugated Box Making Machine Market Trends
Imagine yourself in a facility producing cardboard boxes. Rather than people stooping over conveyor belts all day, elegant machines are whizzing and whirling to handle the heavy lifting. Since these automated machines run solely on their own, they produce more boxes faster and better than any human could have. Not only that, but these devices are environmental conscious. Green materials used in their construction can be recycled or organically broken down, so avoiding ending up in landfills. They're better for our earth since they consume less energy as well. And the best part is running these computers is simple. Their touchscreen controls are as simple as those of your phone. Anyone can thus learn to run them in no time, which will help businesses to save some money and pay less personnel. Moreover, there is a great need for these fantastic cardboard box-making equipment with all these new companies sprouting up in China and Mexico. Like a gold rush, but for machinery!
Corrugated Box Making Machine Market Analysis
Learn more about the key segments shaping this market
Type-wise, the fully automatic machines segment is predicted to reach USD 2.3 billion by 2032 and valued USD 1.5 billion in 2023. Designed for fast, high-volume manufacturing, fully automatic machinery Large-scale production finds them perfect since they can run constantly with minimum downtime. Since fully automatic machines need far less human effort, labor expenses are lowered and human mistake is minimized. Completely automatic machines offer a workable answer to keep output levels in areas experiencing labor shortages or expensive labor expenses.
Expanding companies would find fully automatic equipment appropriate since they can readily scale manufacturing to meet rising demand. Small and medium-sized businesses (SMEs) with limited resources will find semi-automated equipment more affordable than fully automatic ones generally. In managing a range of box sizes and shapes, semi-automatic machines provide more adaptability. This qualifies them for companies running tailored or small-batch orders.
Learn more about the key segments shaping this market
With regard to box type, the segment holding the largest market share—81% in 2023—is multi layer boxes. Particularly strong and protective, multi-layer corrugated boxes are appropriate for shipping delicate, heavy, or bulky goods including appliances, electronics, and glassware. Higher load-bearing capacity multi-layer boxes provide is necessary for goods that must be stacked for transportation and storage. Usually composed of recyclable materials, multi-layer boxes fit with environmental objectives. Multiple times of use by them also help to lower waste and encourage environmental responsibility.
Looking for region specific data?
North America corrugated box making machine market size surpassed around USD 500 million in 2023 and is predicted to hit USD 800 million by 2032, driven by companies like Amazon, Walmart, and other online retailers, has significantly increased the demand for corrugated packaging. These platforms require a constant supply of boxes to ship goods to consumers, driving demand for corrugated box making machines. The robust consumer goods and retail sector in North America necessitates substantial packaging solutions. Corrugated boxes are essential for packaging products ranging from electronics to clothing and groceries, boosting the need for advanced box making machines.
The market in U.S. is set to grow at 4.8% CAGR through 2032. Growth in industries such as automotive, electronics, pharmaceuticals, and others requires robust packaging solutions. Corrugated boxes are crucial for the safe transport of heavy and delicate industrial goods, driving the demand for high-capacity box making machines. High labor costs in the U.S. push companies toward automation. Fully automatic corrugated box making machines, which require minimal manual intervention, are increasingly favored to reduce labor costs and enhance productivity.
The German corrugated box making machine market maintained a considerable position in Europe, owing to the increased demand for technologically advanced machines. Germany is a major exporter of goods, requiring robust and reliable packaging solutions for international shipping. Corrugated boxes provide the necessary protection for exported goods, driving demand for high-capacity corrugated box making machines. Germany's stable economic conditions and growth support increased industrial activities and consumer spending, which in turn drive the demand for packaging solutions. This economic environment encourages businesses to invest in advanced packaging machinery.
China is supposed to grow at the highest rate of 5.5% in the region. China’s vast manufacturing sector, encompassing electronics, textiles, machinery, and consumer goods, requires substantial packaging solutions. Corrugated boxes are essential for transporting products safely, increasing the demand for high-capacity corrugated box making machines. The rapid growth of e-commerce platforms like Alibaba, JD.com, and Pinduoduo has significantly increased the need for corrugated packaging. The surge in online shopping necessitates a constant supply of boxes for shipping goods, driving demand for corrugated box making machines.
Corrugated Box Making Machine Market Share
Corrugated box making machine industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as ACME Machinery Co. Pvt. Ltd., Bobst Group SA, EMBA Machinery AB, Fosber Spa, ISOWA Corporation, KOLBUS Gmbh , Mitsubishi Heavy Industries, Packsize International collectively held around 20%-30% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Corrugated Box Making Machine Market Companies
Major players operating in the corrugated box making machine industry are
- ACME Machinery Co. Pvt. Ltd.
- Bobst Group SA
- EMBA Machinery AB
- Fosber Spa
- ISOWA Corporation
- KOLBUS Gmbh
- Mitsubishi Heavy Industries
- Packsize International
- Saro Packaging Machine Industries Ltd.
- Serpa packaging Solutions
- Sanghia Print Young Internatonal Industry
- Hebei Shangli Carton Equipment
- Shink Machine Mfg.
- Wenzhou Zhongke Packaging Machinery
- Zemat Technology Group
Corrugated Box Making Machine Industry News
- In March 2024, India's largest Corrugated Packaging Machinery Expo commenced in New Delhi. The event, organized by ICPMA and Futurex Group, featured over 300 exhibitors and 800 brands, showcasing the latest technologies and innovations in the industry.
- In September 2023, International Paper opened a new corrugated packaging facility in Atglen, Pennsylvania. The USD 100 million investment resulted in over 100 manufacturing jobs. The facility specializes in producing corrugated packaging for various industries, enhancing local job opportunities and customer service.
This corrugated box making machine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion)(Thousand Units) from 2021 to 2032, for the following segments
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Market, By Type
- Semi-automatic
- Fully Automatic
Market, By Box Type
- Single layer
- Multi layer
Market, By Capacity
- Low (1-3 ton)
- Mid (3-5 ton)
- High (Above 5 ton)
Market, By End-use
- Food & Beverage
- Electronics & Consumer Goods
- Home & Personal Goods
- Textile Goods
- Others
Market, By Distribution Channel
- Direct
- Indirect
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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