Corrugated Box Making Machine Global Market Report 2024

The corrugated box making machine market size has grown steadily in recent years. It will grow from $3 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth observed in the historical period can be attributed to several factors, including an increase in e-commerce activities, expansion of the packaging industry, a heightened emphasis on sustainable packaging practices, and the globalization of trade.

The corrugated box making machine market size is expected to see steady growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The anticipated growth in the forecast period can be attributed to several factors, including the sustained expansion of e-commerce, ongoing innovation in packaging designs, a heightened focus on lightweight packaging, the increasing popularity of direct-to-consumer (D2C) brands, and a notable shift towards the use of sustainable packaging materials. Major trends expected in the forecast period encompass remote monitoring and predictive maintenance, the rise of compact and modular machines, a heightened demand for e-commerce packaging solutions, global supply chain challenges driving localized production, and the implementation of enhanced operator training and safety features.

Anticipated heightened demand within the online retail sector is set to act as a driving force behind the expansion of the corrugated box-making machine market in the foreseeable future. The online retail industry, often referred to as e-commerce, encompasses the purchase and sale of goods and services conducted over the Internet. Corrugated box-making machines serve a pivotal role in online retail operations by delivering efficient and tailor-made packaging solutions for shipping products to consumers. Additionally, these machines contribute significantly to the effectiveness of operations within the online retail sphere, ensuring brand uniformity, enhancing customer satisfaction, and promoting sustainable packaging practices. For example, according to the US Census Bureau's report in April 2023, the second-quarter retail e-commerce sales for 2023 amounted to $277.6 billion, signifying a 2.1% increase from the first quarter of the same year. Hence, the escalating demand from the online retail industry continues to fuel the growth trajectory of the corrugated box-making machine market.

The projected surge in demand for both consumer and industrial goods is expected to serve as a catalyst for the expansion of the corrugated box-making machine market in the coming years. Consumer goods encompass everyday items such as clothing, food, and household appliances purchased for personal use. Industrial products, on the other hand, are utilized in the production of other goods by manufacturing entities and are primarily sold to end consumers. Corrugated and solid fiberboard boxes are crucial in organizing commodities into containers of varied shapes and sizes, suitable for manual or automated handling, and ensuring the protection of contents against environmental, handling, shipping, and storage conditions. For instance, the HomePage News 2023 Consumer Outlook Survey conducted in March 2023 indicated a sustained consumer interest in employing corrugated and solid fiberboard boxes for home improvements, showcasing a marginal increase from the preceding year. Consequently, the escalating demand for consumer and industrial products remains a driving force behind the growth of the corrugated box-making machine market.

Shifting consumer preferences towards plastic packaging are anticipated to pose a restraint on the future growth of the corrugated box-making machine market. The evolution in consumer inclinations regarding packaging materials and designs, particularly favoring plastic packaging, may necessitate frequent adjustments or alterations in box-making machinery and processes. For example, as per the Ellen MacArthur Foundation's November 2022 Global Commitment Progress Report, there was a 4.3% upsurge in the collective utilization of plastic packaging from 2020 to 2021. Additionally, the Coca-Cola Company reported an 8.8% surge in plastic packaging sales, reaching 3.22 million metric tons in 2021 from the previous year, while PepsiCo's plastic packaging production escalated from 2.35 million metric tons in 2020 to 2.5 million metric tons in 2021. Hence, the evolving consumer inclination towards plastic packaging is poised to negatively impact the corrugated box-making machine market.

Major companies operating in the corrugated box-making machine market are developing advanced solutions in corrugated box machines, such as flatbed die-cutters, to support the vision for the packaging industry. A flatbed die-cutter is a piece of equipment used to manufacture and process various materials, including paper, cardboard, corrugated board, foam, plastics, and more. For instance, in March 2022, Bobst Group SA, a Switzerland-based company specializing in machinery, equipment, and services for the packaging and label industries, launched MASTERCUT 1.65, a flatbed die-cutter. It is the only machine specially designed for litho-laminated converting that handles cartons and corrugated boards with litho-laminate, making it one machine for all applications. The MASTERCUT 1.65 is a unique option to deliver single, double, and full sheets. Its remarkable ergonomics, which include a high level of automation and accessibility, as well as the entirely intuitive HMI SPHERE, enable quick and easy handling for optimum productivity.

In April 2022, Senasys, Inc., a US-based machine shop specializing in building, reconstructing, and repairing machines, equipment, fixtures, and tooling, acquired Empire Corrugated Machinery for an undisclosed amount. The acquisition increases product diversification and capabilities for original equipment manufacturers and consumers of Senasys, Inc. Empire Corrugated Machinery is a US-based company specializing in designing and manufacturing corrugated box-making machines.

Major companies operating in the corrugated box making machine market report are EMBA Machinery AB, Acme Machinery Pvt Ltd, Serpa Packaging Solutions, Shanghai PrintYoung International Industry Co Ltd, Hebei Xinguang Carton Machinery Manufacturing Co Ltd, WestRock Box on Demand, Ding Shung Machinery Co Ltd, Bobst Group SA, Valco Melton Inc., T-ROC Equipment LLC, Fosber S.p.A., Isowa Corporation, KOLBUS. GmbH & Co. KG, Mitsubishi Heavy Industries Ltd., Zemat Technology Group Ltd., SUN Automation Group, Wenzhou Zhongke Packaging Machinery Co Ltd., Packsize International LLC, Saro Packaging Machine Industries, Natraj Industries, Marquip Ward United Inc., Shinko Machine Mfg. Co Ltd, Latitude Machinery Corp., Miller Weld master Corporation, BW Paper Systems Inc.

North America was the largest region in the corrugated box making machine market in 2023. The regions covered in the corrugated box making machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the corrugated box making machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The corrugated box making machine market consists of sales of rotary die cutter, flexo folder gluer, and shaftless mill roll stand. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Two main types of corrugated box-making machines exist such as semi-automatic and fully automatic. Semi-automatic machines, whether referring to firearms or machinery, are designed to carry out specific actions automatically but necessitate human intervention for each firing or operational cycle. These machines are distributed through diverse channels such as direct sales and indirect sales, catering to a range of end-users including those in the food and beverage, electronics and consumer goods, home and personal goods, textile goods, and other industries.

The corrugated box-making machine market research report is one of a series of new reports that provides corrugated box-making machine market statistics, including corrugated box making machine industry global market size, regional shares, competitors with a corrugated box-making machine market share, detailed corrugated box making machine market segments, market trends and opportunities, and any further data you may need to thrive in the corrugated box making machine industry. This corrugated box-making machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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