Executive Summary:

The Corrugated Equipment Market is growing due to the increasing demand for corrugated packaging in various industries such as food and beverages, electronics, consumer goods, pharmaceuticals, and others. The growing emphasis on eco-friendly and sustainable packaging has increased the demand for corrugated packaging. The equipment required for corrugated packaging production includes corrugators, flexo folder gluers, die-cutters, laminators, and others. The market is highly competitive, with key players investing in research and development to introduce innovative products and technologies.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights:

The global Corrugated Equipment Market was valued at USD 5.87 billion in 2020 and is expected to reach USD 8.56 billion by 2028, growing at a CAGR of 4.7% from 2021 to 2028. The Asia-Pacific region dominates the market due to the increasing demand for corrugated packaging in countries such as China, India, and Japan. The growth of the e-commerce industry and the increasing demand for online shopping have also contributed to the growth of the Corrugated Equipment Market.

Market Drivers:

1. Increasing Demand for Eco-Friendly Packaging: The growing concern for the environment has increased the demand for eco-friendly and sustainable packaging. Corrugated packaging is recyclable, biodegradable, and made from renewable resources, making it an attractive option for businesses looking to reduce their environmental impact.
2. Growth of the E-Commerce industry: The growth of the e-commerce industry has increased the demand for corrugated packaging as it is the preferred packaging option for shipping products. The increasing popularity of online shopping has driven the growth of the Corrugated Equipment Market.
3. Rising Demand for Safe and Secure Packaging: Corrugated packaging provides cushioning and protects the packaged product from damage during transportation. The increasing demand for safe and secure packaging has driven the growth of the Corrugated Equipment Market.

Market Restraints:

1. High Initial Investment: The initial investment required for setting up a corrugated packaging manufacturing plant can be high, which can be a significant barrier to entry for new players in the market.
2. Competition from Alternative Packaging Options: While corrugated packaging is a popular choice for many industries, it faces competition from alternative packaging options such as plastic, metal, and glass. The availability of alternative packaging options can be a challenge for the Corrugated Equipment Market.

Market Opportunities:

1. Technological Advancements: The introduction of innovative technologies such as digital printing, automation, and artificial intelligence has opened up new opportunities for the Corrugated Equipment Market. These technologies have increased the efficiency of the manufacturing process and improved the quality of the final product.

2. Growing Demand for Personalized Packaging: The growing trend of personalized packaging has created new opportunities for the Corrugated Equipment Market. Businesses are looking for ways to differentiate their products and enhance their brand image, and personalized packaging is one way to achieve this. Corrugated packaging can be customized with logos, images, and text, making it an attractive option for businesses looking to create unique packaging.
3. Emerging Markets: The Corrugated Equipment Market has significant growth potential in emerging markets such as Africa, Asia-Pacific, and Latin America. The increasing demand for corrugated packaging in these regions due to the growing population, urbanization, and industrialization presents an opportunity for the Corrugated Equipment Market.

Market Dynamics:

The Corrugated Equipment Market is highly competitive, with key players investing in research and development to introduce innovative products and technologies. The market is driven by the increasing demand for eco-friendly and sustainable packaging, the growth of the e-commerce industry, and the rising demand for safe and secure packaging. However, the market faces challenges such as high initial investment and competition from alternative packaging options.

Regional Analysis:

The Asia-Pacific region dominates the Corrugated Equipment Market due to the increasing demand for corrugated packaging in countries such as China, India, and Japan. The region is expected to continue its dominance during the forecast period due to the growing population, urbanization, and industrialization. North America and Europe are also significant markets due to the increasing demand for eco-friendly packaging and the growth of the e-commerce industry.

Competitive Landscape:

Leading Companies in the Corrugated Equipment Market:

1. Bobst Group SA
2. Fosber Group
3. BW Papersystems
4. Mitsubishi Heavy Industries, Ltd.
5. Dong Fang Precision Printing Co., Ltd.
6. TCY Machinery Co., Ltd.
7. Zemat Technology Group
8. BHS Corrugated Maschinen- und Anlagenbau GmbH
9. MarquipWardUnited
10. ISOWA Corporation

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation:

The Corrugated Equipment Market can be segmented based on equipment type, end-use industry, and region. By equipment type, the market can be segmented into corrugators, flexo folder gluers, die-cutters, laminators, and others. By end-use industry, the market can be segmented into food and beverages, electronics, consumer goods, pharmaceuticals, and others.

Category-wise Insights:

1. Corrugators: Corrugators are the most widely used equipment in the Corrugated Equipment Market. They are used to produce the fluted middle layer of corrugated packaging. Corrugators are available in various sizes and configurations depending on the production requirements.
2. Flexo Folder Gluers: Flexo folder gluers are used to fold and glue the corrugated board to create the final product. They are available in various sizes and configurations depending on the production requirements.
3. Die-cutters: Die-cutters are used to cut the corrugated board into the desired shape and size. They are available in various sizes and configurations depending on the production requirements.
4. Laminators: Laminators are used to bond multiple layers of corrugated board to create a stronger and more durable product. They are available in various sizes and configurations depending on the production requirements.

Key Benefits for Industry Participants and Stakeholders:

1. Increased Efficiency: The use of Corrugated Equipment can significantly increase the efficiency of the manufacturing process, resulting in faster production times and lower costs.
2. Improved Product Quality: Corrugated Equipment can improve the quality of the final product by ensuring consistency and accuracy in the manufacturing process.

3. Reduced Environmental Impact: Corrugated packaging is eco-friendly and sustainable, which can help businesses reduce their environmental impact and meet their sustainability goals.
4. Increased Customer Satisfaction: Corrugated packaging provides cushioning and protects the packaged product from damage during transportation, which can improve customer satisfaction and reduce the risk of product returns.

SWOT Analysis:

1. Strengths: The Corrugated Equipment Market is driven by the increasing demand for eco-friendly and sustainable packaging, the growth of the e-commerce industry, and the rising demand for safe and secure packaging. The market is characterized by intense competition, with key players investing in research and development to introduce innovative products and technologies.
2. Weaknesses: The high initial investment required for setting up a corrugated packaging manufacturing plant can be a significant barrier to entry for new players in the market. The market also faces competition from alternative packaging options such as plastic, metal, and glass.
3. Opportunities: The introduction of innovative technologies such as digital printing, automation, and artificial intelligence has opened up new opportunities for the Corrugated Equipment Market. The growing trend of personalized packaging and the significant growth potential in emerging markets also present opportunities for the market.
4. Threats: The Corrugated Equipment Market faces threats such as the increasing cost of raw materials, fluctuations in demand due to economic conditions, and the availability of alternative packaging options.

Market Key Trends:

1. Introduction of Innovative Technologies: The introduction of innovative technologies such as digital printing, automation, and artificial intelligence has increased the efficiency of the manufacturing process and improved the quality of the final product.
2. Personalized Packaging: The growing trend of personalized packaging has created new opportunities for the Corrugated Equipment Market. Businesses are looking for ways to differentiate their products and enhance their brand image, and personalized packaging is one way to achieve this.

Covid-19 Impact:

The Covid-19 pandemic has had a significant impact on the Corrugated Equipment Market. The disruption in supply chains and the decrease in demand due to the lockdown measures implemented in many countries have affected the market. However, the growing demand for corrugated packaging due to the increasing popularity of e-commerce and the need for safe and secure packaging has helped to mitigate the impact of the pandemic on the market.

Key Industry Developments:

1. In January 2021, BHS Corrugated Maschinen-und Anlagenbau GmbH launched a new generation of corrugators that use less energy and produce less waste.
2. In June 2020, Bobst Group SA acquired a majority stake in Cito-System GmbH, a manufacturer of creasing matrices and cutting dies for the packaging industry.

Analyst Suggestions:

1. Focus on Sustainability: The growing concern for the environment has increased the demand for eco-friendly and sustainable packaging. Businesses should focus on sustainability and invest in corrugated packaging equipment to meet this demand.
2. Invest in Innovation: The Corrugated Equipment Market is highly competitive, with key players investing in research and development to introduce innovative products and technologies. Businesses should invest in innovation to stay ahead of the competition and meet the changing needs of the market.

Future Outlook:

The Corrugated Equipment Market is expected to continue its growth during the forecast period due to the increasing demand for corrugated packaging in various industries such as food and beverages, electronics, consumer goods, pharmaceuticals, and others. The market is expected to be driven by the growing demand for eco-friendly and sustainable packaging, the growth of the e-commerce industry, and the rising demand for safe and secure packaging. The introduction of innovative technologies and the significant growth potential in emerging markets also present opportunities for the market.

Conclusion:

The Corrugated Equipment Market is a segment of the Packaging Industry that involves the manufacturing and distribution of machinery and equipment required for corrugated packaging production. The market is growing due to the increasing demand for corrugated packaging in various industries such as food and beverages, electronics, consumer goods, pharmaceuticals, and others. The growing emphasis on eco-friendly and sustainable packaging has increased the demand for corrugated packaging, which in turn has driven the growth of the Corrugated Equipment Market.

The market is highly competitive, with key players investing in research and development to introduce innovative products and technologies. The introduction of innovative technologies such as digital printing, automation, and artificial intelligence has opened up new opportunities for the Corrugated Equipment Market. The growing trend of personalized packaging and the significant growth potential in emerging markets also present opportunities for the market.