Corrugated Equipment Market Introduction

 The corrugated equipment market refers to the manufacturing and supply of machinery and equipment used for the production of corrugated board, boxes, and other packaging products. Corrugated equipment is used in various industries, including food and beverage, pharmaceuticals, consumer goods, and electronics, among others. The equipment used in the corrugated equipment market includes corrugators, slitters and rewinding machines, die-cutters, flexo printers, laminators, and others. Corrugated boxes and packaging materials have become popular due to their lightweight, eco-friendliness, and durability, leading to a surge in demand for corrugated equipment in recent years. The increasing demand for online shopping and home delivery services has also contributed to the growth of the corrugated equipment market, as corrugated packaging is essential for transporting goods safely and efficiently

Corrugated Equipment Market Size

The global corrugated equipment market size was valued at USD 5.96 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028. The increasing demand for lightweight and eco-friendly packaging solutions, along with the growth of the e-commerce industry, is driving the growth of the corrugated equipment market. In addition, the rising focus on sustainability and recyclability of packaging materials is expected to further boost the demand for corrugated equipment in the coming years. The Asia-Pacific region is expected to witness significant growth in the corrugated equipment market due to the growth of the manufacturing sector and increasing demand for consumer goods in the region.

Corrugated Equipment Market Share

The corrugated equipment market is highly competitive and is fragmented with the presence of several global and regional players. Some of the key players in the market include:

1. BHS Corrugated Maschinen- und Anlagenbau GmbH
2. BW Papersystems
3. Dongfang Precision Science & Technology Co., Ltd.
4. Fosber Group
5. Gopfert Maschinen GmbH
6. Koenig & Bauer AG
7. Mitsubishi Heavy Industries, Ltd.
8. Shanghai Donglong Heavy Machinery Co., Ltd.
9. Valmet Corporation
10. Zhejiang New Luolan Machinery Co., Ltd.

These players are adopting various strategies, such as mergers and acquisitions, partnerships, collaborations, and product launches, to strengthen their market position and expand their product portfolio. The Asia-Pacific region is expected to hold the largest market share due to the presence of several emerging economies, such as China, India, and Indonesia, which are witnessing a high demand for corrugated packaging solutions. North America and Europe are also expected to witness significant growth in the market due to the growth of the e-commerce industry and the increasing focus on sustainable packaging solutions.

Corrugated Equipment Market Trends

Here are some of the key trends in the corrugated equipment market:

1. Increasing demand for sustainable and eco-friendly packaging solutions: The focus on sustainability and environmental concerns is driving the demand for corrugated packaging solutions. The use of corrugated boxes and packaging materials reduces waste and provides a recyclable and biodegradable alternative to traditional packaging materials.
2. Adoption of automation and digitization in corrugated equipment: The adoption of automation and digitization in corrugated equipment is improving the efficiency and speed of production, reducing waste, and minimizing labor costs. The use of advanced software and sensors is enabling the monitoring of production processes in real-time, enhancing quality control, and reducing errors.
3. Growth of the e-commerce industry: The growth of the e-commerce industry has led to an increase in the demand for corrugated packaging solutions. Corrugated boxes are essential for transporting goods safely and efficiently, and the surge in online shopping has resulted in a rise in demand for corrugated boxes and packaging materials.
4. Increasing use of flexographic printing technology: Flexographic printing technology is gaining popularity in the corrugated equipment market due to its ability to print on various materials, such as corrugated board, paper, and plastics. Flexographic printing offers high-speed printing, low setup costs, and high-quality printing results.
5. Focus on product customization and personalization: The demand for customized and personalized packaging solutions is on the rise, and corrugated equipment manufacturers are investing in developing new technologies to offer customized packaging solutions. The use of digital printing and cutting technologies is enabling the production of personalized packaging solutions at a lower cost and with faster turnaround times.

Corrugated Equipment Market Driving Factors

Here are some of the key driving factors for the corrugated equipment market:

1. Growing demand for corrugated packaging solutions: The demand for corrugated packaging solutions is increasing due to their eco-friendliness, versatility, and cost-effectiveness. Corrugated boxes are used for shipping, storage, and display of products across various industries, including food and beverage, consumer goods, electronics, and healthcare.
2. Increase in e-commerce activities: The growth of the e-commerce industry is driving the demand for corrugated boxes and packaging materials. With the rise in online shopping, the need for secure and efficient transportation of goods has increased, which has led to an increase in the demand for corrugated boxes and packaging materials.
3. Focus on sustainability and eco-friendliness: The focus on sustainability and environmental concerns is driving the demand for corrugated packaging solutions. Corrugated boxes are recyclable, biodegradable, and made from renewable resources, making them an eco-friendly alternative to traditional packaging materials.
4. Technological advancements in corrugated equipment: Technological advancements in corrugated equipment are improving the efficiency, productivity, and quality of production. The adoption of automation, digitization, and advanced software and sensors is enabling the monitoring of production processes in real-time, enhancing quality control, and reducing errors.
5. Increasing demand for customized and personalized packaging solutions: The demand for customized and personalized packaging solutions is on the rise, and corrugated equipment manufacturers are investing in developing new technologies to offer customized packaging solutions. The use of digital printing and cutting technologies is enabling the production of personalized packaging solutions at a lower cost and with faster turnaround times.

Corrugated Equipment Market Regional Analysis

The global corrugated equipment market is analyzed based on several regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.North America and Europe are the leading regions for the corrugated equipment market. The growth of the market in these regions is attributed to the presence of established players, advanced manufacturing facilities, and high demand for corrugated packaging solutions in various industries.Asia-Pacific is the fastest-growing region in the corrugated equipment market due to the presence of emerging economies such as China and India, which are witnessing significant growth in the manufacturing and e-commerce sectors. The region's high population and increasing disposable income levels are driving the demand for consumer goods, leading to an increase in demand for corrugated packaging solutions.Latin America and the Middle East and Africa are also expected to witness significant growth in the corrugated equipment market due to the increasing demand for sustainable and eco-friendly packaging solutions, as well as the growth of the e-commerce industry in these regions.Overall, the global corrugated equipment market is expected to witness significant growth across all regions, driven by the increasing demand for eco-friendly packaging solutions and the growth of the e-commerce industry.

Corrugated Equipment Market Forecast 2030

The global corrugated equipment market is expected to grow at a significant rate over the forecast period from 2021 to 2030. The market is expected to be driven by factors such as the increasing demand for eco-friendly and sustainable packaging solutions, growth in the e-commerce industry, and technological advancements in corrugated equipment.The global corrugated equipment market is projected to reach USD 11.67 billion by 2030, growing at a CAGR of 2.8% during the forecast period.The Asia-Pacific region is expected to be the fastest-growing market for corrugated equipment, driven by the growth of the manufacturing sector and increasing demand for eco-friendly packaging solutions. North America and Europe are expected to remain the leading markets for corrugated equipment, owing to the presence of established players and high demand for corrugated packaging solutions across various industries.Technological advancements in corrugated equipment are expected to boost the market growth, enabling manufacturers to produce high-quality packaging solutions at a lower cost and with faster turnaround times. The increasing demand for customized and personalized packaging solutions is also expected to drive the market growth.Overall, the global corrugated equipment market is expected to witness significant growth over the forecast period, driven by the increasing demand for sustainable and eco-friendly packaging solutions and the growth of the e-commerce industry.

Corrugated Equipment Market Industry Key Players

The global corrugated equipment market is highly competitive and fragmented, with a large number of players operating in the market. Some of the key players operating in the market include:

1. Bobst Group SA
2. BW Papersystems
3. Fosber Group
4. Koenig & Bauer AG
5. Hebei Dongguang Packing Machinery Co., Ltd.
6. Mitsubishi Heavy Industries, Ltd.
7. BHS Corrugated Maschinen- und Anlagenbau GmbH
8. MarquipWardUnited
9. JS Machine, Inc.
10. EMBA Machinery AB

These players are focusing on expanding their product portfolio, investing in research and development, and strategic collaborations and partnerships to enhance their market presence and gain a competitive advantage. The players are also adopting various growth strategies such as mergers and acquisitions, partnerships, and collaborations to expand their market share and increase their revenue.