The global sales of corrugated paper machine are estimated to be worth USD 4.6 billion in 2021 and are anticipated to reach a value of USD 6.8 billion by 2031. Sales are projected to rise at a CAGR of 4.1% over the forecast period between 2021 and 2031. The revenue generated by corrugated paper machine in 2020 was USD 4.4 billion.
The growth drivers in the corrugated paper machine include increasing demand for sustainable and durable packaging solutions that surge in booming e-commerce and retail businesses. The shift toward environmentally friendly packaging material, growing concern about environmental resources, and resulting regulatory pressures have thus fostered the need for efficient corrugated paper production.
Innovations in automation and digital technologies have further raised machine efficiency, reducing production costs and waste. Increasing demand for corrugated paper is seen with the rise in global trade and logistics, each requiring stronger packaging solutions.
Besides, the infiltration of lightweight and high-strength corrugated packaging in almost all sectors-from food to electronics-acts as a strong catalyst for market growth. Growing concerns with respect to recycling and sustainability of packaging solutions continue to drive up demand for better corrugated paper machines.
Global Corrugated Paper Machine Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 4.4 billion |
| Estimated Size, 2021 | USD 4.6 billion |
| Projected Size, 2031 | USD 6.8 billion |
| Value-based CAGR (2021 to 2031) | 4.1% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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.
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 spill proof 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.
Principal Consultant
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.
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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.
An environmental friendly consumer base and choosing eco-friendly alternatives over corrugated paper products in the country offers very limited growth potential in the UK.
Also, the government regulations and initiative to save forests and recyclability made compulsory for packaging used in the food & beverage industry, make the UK. a less growth offering market for corrugated paper machines.
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.
Explore Packaging Insights
View Reports
Corrugated Paper Machine Market
