NEW YORK , Jan. 9, 2023 /PRNewswire/ -- The corrugated box making machine market size is forecast to increase by USD 719.28 million from 2022 to 2027, at a CAGR of 5.23%, according to the recent market study by Technavio. The growth of the market will be driven by the exponential growth in the e-commerce industry, the rise in automation, and the need to reduce outsourcing costs.
Technavio categorizes the global corrugated box making machine market as a part of the global industrial machinery market, which covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Corrugated Box Machinery
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Technavio has extensively analyzed 15 major vendors, including Acme Machinery Co., Bobst Group SA, EMBA Machinery AB, Fosber Spa, Guangdong Hongming Intelligent Joint Stock Co. Ltd., Hebei Shengli Carton Equipment Manufacturing Co. Ltd., ISOWA Corp., KOLBUS GmbH and Co. KG, Mitsubishi Heavy Industries Ltd., Natraj Corrugating Machinery Co., Panotec Srl, Serpa Packaging Solutions LLC, Shanghai PrintYoung International Industry Co. Ltd., Shinko Machine Mfg. Co. Ltd., SUN Automation Group, Sunrise Pacific Co. Ltd., Valco Cincinnati Inc., Wenzhou Zhongke Packaging Machinery Co. Ltd., and Zemat Technology Group Ltd.
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Key Benefits for Industry Players & Stakeholders –
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
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The market is segmented by end-user (food and beverages, electronic goods, home, and personal care goods, textile goods, and others), technology (automatic, semi-automatic, and manual), and geography (APAC, North America , Europe , Middle East and Africa , and South America ).
Segmentation by end-user (Inclusion/Exclusion)
The food and beverages segment shows a gradual increase in the market share of USD 1,554.08 million in 2017 and continued to grow until 2021. The growth of the segment can be attributed to factors such as increasing food consumption worldwide and the expanding global population.
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What are the key data covered in this corrugated box making machine market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the corrugated box making machine market between 2023 and 2027
Precise estimation of the size of the corrugated box making machine market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the corrugated box making machine market industry across APAC, North America , Europe , Middle East and Africa , and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of corrugated box making machine market vendors
The food and beverage packaging machinery market size is expected to increase to USD 1.66 billion from 2021 to 2026, at a progressing CAGR of 4.89%. The growing demand for packaged F&Bs is notably driving the food and beverage packaging machinery market growth, although factors such as high installation costs may impede the market growth.
The beverage carton packaging machinery market size should rise by USD 204.89 million from 2022 to 2026 at a CAGR of 4.00%. The increasing demand for beverages is notably driving the beverage carton packaging machinery market growth, although factors such as high initial costs associated with carton packaging machinery may impede the market growth.
Corrugated Box Making Machine Market Scope
Accelerate at a CAGR of 5.23%
APAC, North America, Europe, Middle East and Africa, and South America
US, China, Japan, Germany, and UK
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Acme Machinery Co., Bobst Group SA, EMBA Machinery AB, Fosber Spa, Guangdong Hongming Intelligent Joint Stock Co. Ltd., Hebei Shengli Carton Equipment Manufacturing Co. Ltd., ISOWA Corp., KOLBUS GmbH and Co. KG, Mitsubishi Heavy Industries Ltd., Natraj Corrugating Machinery Co., Panotec Srl, Serpa Packaging Solutions LLC, Shanghai PrintYoung International Industry Co. Ltd., Shinko Machine Mfg. Co. Ltd., SUN Automation Group, Sunrise Pacific Co. Ltd., Valco Cincinnati Inc., Wenzhou Zhongke Packaging Machinery Co. Ltd., and Zemat Technology Group Ltd.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2022-2027
4.1 Global corrugated box making machine market 2017 - 2021
6.3 Food and beverages - Market size and forecast 2022-2027
6.4 Electronic goods - Market size and forecast 2022-2027
6.5 Home and personal care goods - Market size and forecast 2022-2027
6.6 Textile goods - Market size and forecast 2022-2027
6.7 Others - Market size and forecast 2022-2027
7.3 Automatic - Market size and forecast 2022-2027
7.4 Semi-automatic - Market size and forecast 2022-2027
7.5 Manual - Market size and forecast 2022-2027
9.3 APAC - Market size and forecast 2022-2027
9.4 North America - Market size and forecast 2022-2027
9.5 Europe - Market size and forecast 2022-2027
9.6 Middle East and Africa - Market size and forecast 2022-2027
9.7 South America - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 Japan - Market size and forecast 2022-2027
9.11 Germany - Market size and forecast 2022-2027
9.12 UK - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
12.7 Guangdong Hongming Intelligent Joint Stock Co. Ltd.
12.8 Hebei Shengli Carton Equipment Manufacturing Co. Ltd.
12.10 KOLBUS GmbH and Co.KG
12.15 Shanghai PrintYoung International Industry Co. Ltd.
12.16 Shinko Machine Mfg. Co. Ltd.
13.3 Currency conversion rates for US$
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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