Published Date: 21-Feb-2023
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According to a new report, published by KBV research, The Global Corrugators Market size is expected to reach $3.4 billion by 2028, rising at a market growth of 4.2% CAGR during the forecast period.
The Manual segment is showcasing a CAGR of 3.4% during (2022 - 2028). The segment's expansion is propelled by the use of the machine by numerous small and medium-sized enterprises. The SME sector is seeing a steady but positive increase in demand for manual corrugator equipment. Additionally, corrugated packaging is very adaptable and important for merchants since it can be customized. Corrugated helps customers to meet specific packaging demands that exactly suit the product for shipping or a unique retail packaging solution. As a result, more SMEs are emerging that offer customized packaging services.
The 11- 50 Ton segment acquired maximum revenue share in the Global Corrugators Market by Production Capacity in 2021 thereby, achieving a market value of $1.3 billion by 2028. Due to the smaller volume of orders that small and medium-sized businesses receive, corrugator machines with a production capacity of 11 to 50 tons are in high demand. In addition, this market segment is expected to benefit from the rising requirement for corrugated fiberboard from expanding end-user industries. E-commerce and commerce, in general, are the major industries that demand boxes of specific sizes.
The Pharmaceuticals segment has shown the growth rate of 4.9% during (2022 - 2028). The growth can be attributed to the widespread knowledge of corrugated packaging's advantages over alternatives. This packaging has arisen as a sterile, dust-free means for transporting medical supplies, allowing for the easy transit of delicate items, including pills, capsules, lab instruments, and medical equipment. The demand for corrugated boxes, specifically for medical packaging purposes, is anticipated to increase, particularly in emerging economies, due to the rising occurrence of chronic medical diseases and the increased use of medical devices.
The Asia Pacific market dominated the Global Corrugators Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.4 billion by 2028. The Europe market is experiencing a CAGR of 4% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 3.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/corrugators-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ISOWA Corporation, Mitsubishi Heavy Industries, Ltd., BW Papersystems(Barry-Wehmiller), Wenzhou Kingsun Machinery Industrial Co.,Ltd., Acme Machinery Co. Pvt. Ltd, HIC Machinery Co., BHS Corrugated Maschinen- und Anlagenbau GmbH, Champion Corrugated Co., LTD., and Guangdong Dongfang Precision Science & Technology Co., Ltd (Fosber S.p.A.).
By Production Capacity
By End User
Unique Offerings from KBV Research
North America Corrugators Market size & Opportunities 2022-2028
Europe Corrugators Market & Growth Forecast 2022-2028
Asia Pacific Corrugators Market Share & Industry Outlook to 2028
LAMEA Corrugators Market Growth, Trends & Forecasts 2022-2028