As per the latest report by FMI, the Corrugated Paper Machine Market is likely to witness growth at a CAGR of 4% annually over the upcoming decade.
Sales of Corrugated Paper Machine and other packaging solutions made of corrugated paper is expected to reach millions of units.
Corrugated Paper Machine Market: Market Outlook
Corrugated paper forms the best-suited packaging solution for the consumer as well as industrial goods, along with that the risk of damage to even fragile products is reduced. Due to their durability and strength, these packaging solutions made of corrugated paper are the most preferred packaging solution for transporting goods from one place to another.
A corrugated paper machine is equipment used to produce corrugated paper and later on such corrugated boxes according to various demands and applications. Different types of machinery solutions are offered by companies mainly automatic and semi-automatic are the most popular product types of corrugated machine market.
Demand for corrugated paper manufactured from these machines is high by the growing consumption by food & beverages, e-commerce and many other industries, overall the corrugated paper machine market is expected to witness tremendous growth over the forecasted period.
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Which Factors are Driving Growth of Corrugated Paper Machine Market?
The major growth driver of the demand for corrugated paper is the sharp rise of E-commerce and related industries, as even the smallest items for shipping require proper packaging solutions such as corrugated boxes, along with boxes it fuels the demand for corrugated paper machine market which is used to produce these boxes.
Global outreach online food delivery platforms and growing demand for spillproof packaging by these industries in return result in growing consumption of corrugated paper solutions for food packaging and eventually, it results in a boost in sales of corrugated paper machines. Due to all these driving factors, the corrugated paper machine market is all set to expand over the next decade.
What Factors are Limiting Growth of Corrugated Paper Machine Market?
The entry of cost-effective substitutes such as mailers and eco-friendly packaging films & wraps makes affects the growth of the corrugated paper machine market in long run.
Along with that, the relatively extra space consumed by corrugated paper products for even smaller products limits their growth. Huge setup costs incurred in setting up the machines makes them suitable for only large scale manufacturers overlooking small and medium-sized manufacturers. All these factors are expected to hamper the corrugated paper machine market growth in the upcoming decade.
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Which are The Growth Opportunities Offered by Corrugated Paper Machine Market?
The manufacturers engaged in making these corrugated paper machines previously only had largely developed markets to serve, but due to technological advancements in the age of automation, these players can target developing and underdeveloped markets which offer lucrative growth opportunities.
Especially the machinery solutions offering minimal defects and zero wastage of the raw materials to make corrugated paper are trending in the market and offer a healthy growth opportunity currently and for the future as well. All these opportunities are expected to have a positive impact on the corrugated paper machine market.
Key Market Players of Corrugated Paper Machine Market
Why India and China are Major Markets for Corrugated Paper Machine Market?
Consumers with end-user industries require cost-effective packaging solutions to serve the ever-growing demand of the food & beverage industry along with the boom witnessed in e-commerce.
Easy availability of paper and cheap labour makes it possible for India and China to meet growing demands with corrugated paper machines with technological advancements and suitable production capacity. Thus, the growing demand for corrugated solutions for packaging will drive the growth of the corrugated paper machine market in these countries.
What Makes U.K. A Matured Market for Corrugated Paper Machine Market?
An environmental friendly consumer base and choosing eco-friendly alternatives over corrugated paper products in the country offers very limited growth potential in the U.K.
Also, the government regulations and initiative to save forests and recyclability made compulsory for packaging used in the food & beverage industry, make the U.K. a less growth offering market for corrugated paper machines.
How the U.S. will Affect the Growth of the Corrugated Paper Machine Market?
Constantly rising demand of taking away and ready to eat foods in the country, and the availability of organized recycling infrastructure fuels the demand for packaging solutions made up of corrugated papers.
The demand for corrugated paper machines is also expected to register healthy growth due to large scale production and automation in the manufacturing process targeted by key players of the corrugated paper machine market in the country.
What Was The Impact of Covid-19 On Corrugated Paper Machine Market?
Due to the outbreak of Covid-19, all the countries were forced to impose a lockdown to curb the spread of the virus. During that time production and supply of pharmaceutical goods and food & beverages were allowed, as both these sectors are primary users of packaging solutions made up of corrugated paper.
So, despite lockdown, the demand for corrugated paper and products was smooth and that affected positively the corrugated paper machine market.
Global Corrugated Paper Machine Market Segmentation
