The corrugated box machine market, valued at USD 820.7 million in 2024, is projected to rise at a CAGR of 2.4% during the forecast period. By 2034, the market is expected to surpass USD 1,040.4 million. In 2023, the market was estimated to be worth USD 796.8 million. A significant driver of this growth has been the rapid expansion of the e-commerce sector in the developing and underdeveloped parts of the world.
Consumers are shifting toward online shopping which has pushed the demand for corrugated boxes as they are considered to be one of the most environmentally viable packaging solutions.
This heightened adoption of corrugated boxes has amplified the demand for machinery that can efficiently produce these boxes to meet the growing needs of e-commerce businesses. This trend is a common sight in countries like India, China, Brazil, the United States, etc.
Corrugated Box Machine Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 796.8 million |
| Estimated Size, 2024 | USD 820.7 million |
| Projected Size, 2034 | USD 1,040.4 million |
| Value-based CAGR (2024 to 2034) | 2.4% |
Increasing demand for sustainable and recyclable packaging solutions has also spurred the necessity of corrugated box machines in industries across sectors. There is an observed shift towards eco-friendly packaging materials to reduce the carbon footprint in businesses.
Corrugated boxes are generally made from paper-based material, and are highly recyclable and biodegradable. This trend has, in turn, brought into the limelight the prominence of corrugated box machines, particularly in the consumer goods sector.
The pharmaceutical industry, in the last couple of years, has also seen a tremendous boost. Countries such as India, the United States, China, etc., are experiencing an excellent demand for pharmaceutical products such as medications, vaccines, injectables, etc.
This exponential expansion of the pharma industry has also significantly increased the need for corrugated box machines as an efficient and reliable packaging solution.
Advancements in corrugated box manufacturing technology have enhanced the efficiency and capabilities of these machines. Modern-day machines are equipped with high-speed production, improved precision, and the ability to produce a variety of box sizes and shapes. This has also accelerated the adoption of corrugated box machines in packaging as well as other industrial domains. Besides this,
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The table below illustrates the predicted CAGR for the global corrugated box machine market across various semi-annual periods from 2024 to 2034. The market is expected to experience a decline, with a CAGR of 2.1%, during the first half (H1) of the decade from 2024 to 2029. However, it is anticipated to plunge more and grow at a marginal rate of 1.7% in the second half (H2) of the decade from 2029 to 2034.
| Particular | Value CAGR |
|---|---|
| H1 | 2.6% (2023 to 2033) |
| H2 | 2.2% (2023 to 2033) |
| H1 | 2.1% (2024 to 2034) |
| H2 | 1.7% (2024 to 2034) |
From H1 2023 to H2 2033, the CAGR for the corrugated box machine sector is expected to decrease slightly to 2.6% in the first half and then remain relatively stable at 2.2% in the second half. The market is very likely to remain constant, with a retention of 40 basis points (BPS).
Customization Trends to Influence the Market Positively
A lot of emphasis on customized and personalized packaging has been observed in the packaging world in the past few years. Brands are using corrugated boxes as a means to market their products most cost-effectively. This has presented tremendous opportunities for manufacturers of corrugated box machines to capitalize on the growing demand for customizable packaging solutions.
Industry 4.0 Drives Automation in the Corrugated Box Machine Industry
Advancements in the packaging world have led to the development of more advanced machines. These machines are more reliable, efficient, and versatile.
The trend is also seen in the corrugated box machines as businesses and organizations are increasingly seeking advanced solutions to meet their specific needs. In countries like Germany, the United Kingdom, the United States, etc., labor shortages have forced companies to rely on fully automatic corrugated box machines.
High Upfront Investments and Shortages of Skilled Labour to Hamper Market Growth
Acquiring and installing sophisticated corrugated box machinery is very costly. This causes a substantial financial burden, which has kept a significant amount of small-scale businesses away from the market.
Besides this, these machines are also very complex to operate. Shortages of a skilled workforce are another challenge this market is facing in countries where technical training and education programs are limited.
Principal Consultant
The corrugated box machine market has foreseen a series of fluctuations in the recent past. During the pandemic, the market faced a serious plunge in demand because many major industries had to cease their production. Besides this, lockdowns, travel restrictions, and safety protocols introduced to mitigate the spread of the virus posed challenges to the corrugated box machine industry.
The pandemic also presented significant opportunities for the companies involved in this industry. The rapid boom in the pharmaceutical sector generated a huge demand for corrugated boxes and, thus, efficient machinery to automate packaging.
It was during the later stages of the pandemic that the industry started to gain some momentum. During the same period, the e-commerce sector also experienced a surge in operations.
All these factors led to the progress of the corrugated box machine market. In the period of 2019 to 2023, the market reported a CAGR of 1.7%. With the opening of economies, the market showcased a promising growth rate as industries across various sectors demanded corrugated packaging solutions to ship their products beyond international borders.
The push for sustainability and advancements in machine technology has led to sustained adoption of corrugated box machines.
Tier-1 companies like Bobst Group SA, Körber AG, and Emba Machinery AB stand out by leveraging advanced technology and comprehensive product lines. These companies are focusing on innovation and sustainability, offering cutting-edge packaging machinery.
They also specialize in high-performance packaging solutions, particularly for the pharmaceutical sector, ensuring precision and efficiency. Some of them are also known for their high production efficiency and innovative corrugated box manufacturing technologies.
Mitsubishi Heavy Industries, Ltd., BHS Corrugated Maschinen- und Anlagenbau GmbH, and Fosber Group, tier two companies, excel by catering to regional markets and niche segments with competitive and reliable products.
These companies emphasize innovation in heavy machinery, including corrugated box machines. They also focus on sustainable and high-efficiency solutions while offering robust machinery known for durability and performance.
Tier three companies like Isowa Corporation, Dongguan Xinda Carton Machinery Co., Ltd., and Latitude Machinery Corp. differentiate themselves by focusing on specific market needs and cost-effective solutions. Some of these companies offer user-friendly machinery with a focus on reliability. They also provide customized corrugated machinery catering to diverse client requirements.
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The section discusses the region-wise analysis of the corrugated box machine market. According to these numbers, it can be inferred that Asian countries like India, Thailand, China, South Korea, etc., are some of the most lucrative markets on the global level. In the West, Canada and the United States are also showing promising performance in comparison to the other countries in the same region.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| Canada | 1.3% |
| United States | 1.5% |
| Germany | 1.4% |
| India | 4.3% |
| Thailand | 3.4% |
| South Korea | 2.5% |
| China | 3.9% |
The corrugated box machines industry in India is slated to show a 4.3% CAGR for the forecast period of 2024 to 2034.The corrugated box machine market in India is growing due to the country’s robust industrial and manufacturing sectors.
The rapid expansion of e-commerce has significantly increased demand for packaging solutions, as online retailers require sturdy and reliable boxes for shipping. Government's push towards "Make in India" has also encouraged domestic production.
This has boosted need for corrugated packaging in various industries, including pharmaceuticals, consumer goods, and electronics. Focus on sustainable and eco-friendly packaging solutions that align with global environmental trends has also driven the adoption of advanced corrugated box machinery.
The corrugated box machine industry in China is projected to rise at 3.9% CAGR. Corrugated box machine adoption in China is driven by its status as a global manufacturing hub. The country's extensive production of consumer goods, electronics, and industrial products necessitates high volumes of packaging, fueling demand for efficient corrugated box machinery.
China's significant investments in automation and smart manufacturing technologies enhance production capabilities and operational efficiency.
The push for sustainable practices and eco-friendly packaging solutions aligns with both domestic policies and international environmental standards, encouraging the adoption of advanced packaging machinery.
These factors collectively contribute to the market's expansion, positioning China as a key player in the global corrugated box machine industry.
The United States is one of the mature corrugated box machine industry. The country is anticipated to exhibit a CAGR of 2.9% through 2034.
In the United States, the growth of the corrugated box machine market is propelled by the booming e-commerce sector and strong consumer demand for fast and reliable delivery services. The need for innovative and versatile packaging solutions is crucial to support the diverse range of products sold online.
The country is also witnessing a resurgence in domestic manufacturing, primarily due to its policies aimed at reducing dependency on overseas production and enhancing supply chain resilience. This resurgence has increased the demand for high-quality packaging machinery.
Advancements in automation and technology integration in manufacturing processes are fostering the adoption of state-of-the-art corrugated box machines, ensuring efficiency and scalability in production.
The corrugated box machine industry is categorized on the basis of technology, operating speed, machine type, end-use, and region. The section discusses the top two categories in this industry.
Based on technology, the corrugated box machine industry is trifurcated into automatic, semi-automatic, and manual. Among these, the automatic segment accounts for a majority share of 64.3% in the global market.
| Technology | Automatic |
|---|---|
| Value Share (2024) | 64.3% |
Automatic corrugated box machines are increasingly preferred over semi-automatic and manual ones, primarily due to their superior efficiency and productivity. Automatic machines streamline the production process, significantly reducing the time and labor required to produce boxes.
Their demand is also touching the skies as automatic machines ensure consistent quality and precision, which is crucial for maintaining product integrity during shipping and handling.
The adoption of automatic corrugated box machines is also driven by advancements in technology, such as automation and smart manufacturing. These machines integrate seamlessly with modern production lines and the ongoing Industry 4.0 drive in the industrial world has pushed manufacturers to opt for automatic machines for corrugated packaging solutions.
Corrugated box machines are used in a wide spectrum of industries such as food and beverage, pharmaceuticals, automotive, cosmetic and personal care, chemicals, and electrical and electronics. The food segment holds a market share of 34.4%, as of 2024.
| End-use | Food |
|---|---|
| Value Share (2024) | 34.4% |
Corrugated box machines are highly demanded in the food sector. This is mainly due to their ability to produce sturdy and hygienic packaging. Food products require robust packaging to protect against damage and contamination during transportation and storage.
Corrugated boxes provide the necessary strength and durability. The demand is also rising due to the fact that these boxes are customizable, meaning they can be tailored to specific food products.
The demand is also rising as these machines efficiently produce large quantities of boxes while minimizing waste. These machines effectively address the challenges faced by the food industry in maintaining product integrity and environmental responsibility.
Corrugated box machines are in tremendous demand. This is the main reason why industry giants in the packaging world have entered the market, right from the beginning of the century.
These companies have a strong consumer base, mainly due to their prolonged presence and vast market reach. Companies, complying with the ongoing trend of sustainability are also going for eco-friendly materials to cater to the demands of eco-conscious consumers and businesses.
Mergers and acquisitions are also a common sighting in this market as companies try to take advantage of each other’s expertise. Some of the prominent companies in the industry are Bobst Group SA, Körber AG, Emba Machinery AB, and Mitsubishi Heavy Industries, Ltd.
Recent Developments
By technology, the corrugated box machine market is divided into automatic, semi-automatic, and manual machines.
By operating speed, it is segmented into machines operating up to 200 BPH, those with speeds ranging from 201 to 400 BPH, and machines operating above 400 BPH.
By machine type, the industry includes stand-alone and integrated machines.
By end use, the segmentation includes the food and beverage, pharmaceutical, automotive, cosmetic and personal care, chemicals, and electrical and electronics industries.
Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.
The global valuation is USD 927.3 million in 2024.
The market is expected to reach USD 1,040.4 million by 2034.
The market is anticipated to rise at a CAGR of 2.4% from 2024 to 2034.
Bobst Group SA, Körber AG, Emba Machinery AB, and Mitsubishi Heavy Industries
In 2023, the global market was valued at USD 796.8 million.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
6.1. Machine Type
6.2. Box Type
6.3. End Use
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Machine Type
7.1. Automatic
7.2. Semi-automatic
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Box Type
8.1. Single Phase
8.2. Single Wall
8.3. Double Wall
8.4. Triple Wall
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
9.1. Food
9.2. Pharmaceuticals
9.3. Personal Care & Cosmetics
9.4. Other Industrial
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. North America
10.2. Latin America
10.3. Western Europe
10.4. South Asia
10.5. East Asia
10.6. Eastern Europe
10.7. Middle East & Africa
11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
18. Sales Forecast 2024 to 2034 by Machine Type, Box Type, and End Use for 30 Countries
19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
20. Company Profile
20.1. Mitsubishi Heavy Industries, Ltd.
20.2. EMBA MACHINERY AB
20.3. BW Papersystems
20.4. SERPA PACKAGING SOLUTIONS
20.5. T-ROC EQUIPMENT
20.6. Fosber S.p.A.
20.7. Latitude Machinery Corp.
20.8. KOLBUS AMERICA INC.
20.9. Packsize International, Inc
20.10. Zemat Technology Group, Ltd
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Corrugated Box Machine Market
