Corrugated Box Making Machine Market

The global corrugated box making machine market size was valued at USD 2.79 Billion in 2022 and is likely to reach USD 3.33 Billion by 2031, expanding at a CAGR of 2% during 2023 – 2031.Corrugated box making machine is used for making corrugated boxes. Corrugated boxes are used for packaging industrial and consumer products. Corrugated boxes protect the goods from further damage and are light in weight when compared to wooden boxes. These boxes have high safety standards and durable when compared with other packaging methods such as cardboard packaging. Corrugated box is used for packing shoe box, gift box, medicine box, jewelry box, tea box, cosmetic box, watches, wine box, and mobile phone box.

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A corrugated box making machine provides company with better selection of carton sizes. The production process of corrugated box making machine includes corrugated board line, cutting line, and printing slotted paperboard die-cut.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing demand from packaging industry is driving the market during the forecast period.

• Growing e-commerce industry is spurring the market in the projected timeline.

• Increasing consumer awareness toward sustainable packaging is estimated to driving the market during the forecast period.

• Growing Internet penetration and rising disposable income are expected to fuel the market.

• The Covid-19 outbreak is expected to negatively impact the demand for corrugated box making machines due to closedown of manufacturing facilities.

• Increasing investment in research and development activities is anticipated to propel the market growth during the forecast period.

• Rising cost of raw material used in corrugated boxes can restrain the market growth.

Scope of the report

The report on corrugated box making machine market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Corrugated Box Making Machine Market Segment Insights

Automatic segment is projected to hold significant market share

In terms of function types, the market can be fragmented into semi-automatic and automatic. The automatic segment held a considerable market share in 2020 owing to rising demand for automated machines. Different types of automated machines are available in the market such as folding and gluing machine, conveyor, single facer, and cut-of stacker.

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Flexo folder gluer held a substantial market share in 2020

In terms of types, the corrugated box making machine market can be divided into flexo folder gluer, rotary die cutter, multi-cassette positive pressure single facer, paper sheet delivery and slide conveyor, shaftless mill roll stand, preheater, automatic bride tensin correction machine, and others. The flexo folder gluer segment held a significant market share during the forecast period, as the machine is used for folding and gluing various materials such as plastic, metalized films, and corrugated boards for transforming them into a box or envelope.

Food & beverage segment to hold a significant market share

In terms of end-users, the corrugated box making machine market can be divided into food & beverage, electronics, home and personal care, textiles, paper, and others. The food & beverage segment is estimated to hold a significant market share during the forecast period. Corrugated boxes are used for packaging of various food and beverage products. In food and beverage industry, corrugated boxes are used as shipping containers, as these boxes are recyclable, durable, cost-effective, and light in weight.

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Direct sales (OEM) held a substantial market share

In terms of distribution channels, the corrugated box making machine market can be segregated into direct sales (OEM) and indirect sales. The direct sales (OEM) segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. Growing e-commerce industry is helping the manufacturers to sell their products directly to the customers.

Asia Pacific to dominate the global market

In terms of regions, the corrugated box making machine market can be fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant market share in 2020 due to increasing adoption of corrugated box making machine in various industries. Growing retail industry due to increasing usage of Internet and rising disposable income is increasing demand for corrugated box making machine in the region. The market in North America is projected to expand at a significant CAGR during the forecast period due to the growing e-commerce industry.

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Segments

By Function Types

• Automatic
• Semi-automatic

By Types

• Flexo folder gluer
• Rotary die cutter
• Multi-cassette positive pressure single facer
• Paper sheet delivery and slide conveyor
• Shaftless mill roll stand
• Preheater
• Automatic bride Tensin correction machine
• Others

By End-users

• Food & Beverage
• Electronics
• Home and personal care
• Textiles
• Paper
• Others

By Distribution Channels

• Direct Sales (OEM)
• Indirect Sales

By Regions

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

By Key Players

• Kolbus Autobox
• Sunlight Manufactures
• QINGDAO AOPACK ON DEMAND PACKAGING Co., Ltd.
• Natraj Corrugating Machinery.co.
• Monu Graphics
• Boix Maquinaria, S.L.
• Guangdong Zhaoqing Xijiang(West River) Packaging Machinery Co., Ltd.
• MBA Machinery AB
• Wenzhou Zhongke Packaging Machinery Co., Ltd.
• SHINKO MACHINE CO., LTD.
• Zemat Technology Group, Ltd
• Guangzhou Keshenglong Carton Packing Machine Co.,Ltd.
• METAL CREATION CO.,LTD.
• Guangzhou Giant Packaging Machinery Co., Ltd.

Competitive Landscape

Key players in the corrugated box making machine market include Kolbus Autobox, Sunlight Manufactures, QINGDAO AOPACK ON DEMAND PACKAGING Co., Ltd., Natraj Corrugating Machinery.co., Monu Graphics, Boix Maquinaria, S.L., Guangdong Zhaoqing Xijiang(West River) Packaging Machinery Co., Ltd., EMBA Machinery AB, Wenzhou Zhongke Packaging Machinery Co., Ltd., SHINKO MACHINE CO., LTD., Zemat Technology Group, Ltd,  Guangzhou Keshenglong Carton Packing Machine Co.,Ltd., METAL CREATION CO.,LTD., and  Guangzhou Giant Packaging Machinery Co., Ltd.

The manufacturers are investing in research and development activities to develop new techniques to manufacture corrugated box making machines. The key players focus on providing highly-efficient and reliable corrugated box making machines with advanced technology such as Internet of Things (IOT) and artificial intelligence (AI). Additionally, the manufacturers are gaining competitive edge by increasing product differentiation.