Corrugated Box Making Machine Market Size - By Type (Semi-automatic, Fully Automatic), By Box Type (Single layer, Multi layer), By Capacity, By End-use, By Distribution Channel & Forecast, 2024 - 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Packaging | Format: Report available in PDF / Excel Format

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Corrugated Box Making Machine Market Size - By Type (Semi-automatic, Fully Automatic), By Box Type (Single layer, Multi layer), By Capacity, By End-use, By Distribution Channel & Forecast, 2024 - 2032

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.

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Online shopping has taken the world by storm, and with it has come a huge demand for sturdy and reliable packaging to keep all those goods safe on their journey to customers' doorsteps. That's where corrugated boxes come in. These tough little boxes aren't just for moving house anymore. They're essential for businesses of all sizes, especially in industries like automotive, healthcare, and farming, where durable packaging is a must. These boxes can handle the job, so the demand for machines that make them is skyrocketing. As new cities pop up and economies grow, more and more people have the means to buy packaged goods. And guess what they need to package all that stuff? That's right, corrugated boxes. So, the growing need for these boxes means there's a huge demand for the machines that make them.

Corrugated Box Making Machine Market Report Attributes
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
  • Increasing consumer goods production
  • Rapid growing e-commerce
  • Increasing industrial activities
  • Rapid urbanization and economic growth
Pitfalls & Challenges
  • High initial investment costs
  • Maintenance and repair costs

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The cost of acquiring and setting up corrugated box making machines can be prohibitively high for small and medium-sized enterprises (SMEs). This includes the expense of advanced machinery, installation, and training for operators. Regular maintenance is crucial for the optimal performance of corrugated box making machines. Downtime for maintenance or repairs can lead to significant production delays and increased operational costs.

Corrugated Box Making Machine Market Trends

Imagine thisyou're at a factory where they make cardboard boxes. Instead of humans bending over conveyor belts all day, there are sleek machines whizzing and whirring, doing the heavy lifting. These machines are automated, meaning they work all on their own, making more boxes faster and better than any human ever could. Not only that, but these machines care about the environment. They're made with green materials that can be recycled or break down naturally, so they don't end up in landfills. They also use less energy, so they're better for our planet. And get thisoperating these machines is a breeze. They have touchscreen controls that are as easy to use as your phone. So, anyone can learn to run them in no time, which means companies can hire fewer people and save some cash. Plus, with all these new factories popping up in countries like China and Mexico, there's a huge demand for these awesome cardboard box-making machines. It's like a gold rush, but for machines!

Corrugated Box Making Machine Market Analysis

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Based on type, the fully automatic machines segment was worth USD 1.5 billion in 2023 and is expected to reach USD 2.3 billion by 2032. Fully automatic machines are designed for high-speed, high-volume production. They can operate continuously with minimal downtime, making them ideal for large-scale manufacturing. Fully automatic machines require significantly less manual labor, which reduces labor costs and minimizes human error. In regions facing labor shortages or high labor costs, fully automatic machines provide a viable solution to maintain production levels.

Fully automatic machines can easily scale production to meet growing demand, making them suitable for expanding businesses. Semi-automatic machines are generally less expensive than fully automatic ones, making them more accessible to small and medium-sized enterprises (SMEs) with limited capital. Semi-automatic machines offer greater flexibility in handling a variety of box sizes and designs. This makes them suitable for businesses that produce customized or small-batch orders.

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Based on box type, the multi layer boxes segment held the dominant market share of 81% in 2023. Multi-layer corrugated boxes provide superior strength and protection, making them suitable for packaging heavy, bulky, or fragile items such as appliances, electronics, and glassware. Multi-layer boxes have higher load-bearing capacity, which is essential for products that need to be stacked during storage and transportation. Multi-layer boxes are often made from recycled materials, aligning with sustainability goals. They can also be reused multiple times, reducing waste and promoting environmental responsibility.

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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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