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Corrugated Box Making Machine Market Share
Corrugated box making machine industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as ACME Machinery Co. Pvt. Ltd., Bobst Group SA, EMBA Machinery AB, Fosber Spa, ISOWA Corporation, KOLBUS Gmbh , Mitsubishi Heavy Industries, Packsize International collectively held around 20%-30% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Corrugated Box Making Machine Market Companies
Major players operating in the corrugated box making machine industry are:
- ACME Machinery Co. Pvt. Ltd.
- Bobst Group SA
- EMBA Machinery AB
- Fosber Spa
- ISOWA Corporation
- KOLBUS Gmbh
- Mitsubishi Heavy Industries
- Packsize International
- Saro Packaging Machine Industries Ltd.
- Serpa packaging Solutions
- Sanghia Print Young Internatonal Industry
- Hebei Shangli Carton Equipment
- Shink Machine Mfg.
- Wenzhou Zhongke Packaging Machinery
- Zemat Technology Group
What factors are driving corrugated box making machine market growth in North America?
North America corrugated box making machine industry accounted for USD 500 million in 2023 and is estimated to depict notable CAGR from 2024 to 2032, led by the rapid expansion of e-commerce sector in the region.
Why is the demand for multi layer corrugated box making machines rising?
The multi layer boxes type segment in the corrugated box making machine industry accounted for 81% share in 2023 due to their higher load-bearing capacity, which is essential for products that need to be stacked during storage and transportation.
Why is the demand for fully automatic corrugated box making machines rising?
The fully automatic type segment in the corrugated box making machine market was valued at USD 1.5 billion in 2023 as they can operate continuously with minimal downtime, making them ideal for large-scale manufacturing.
How big is the corrugated box making machine market?
The market size of corrugated box making machine was crossed USD 2.6 billion in 2023 and is projected to expand at 4.4% CAGR from 2024 to 2032, on account of the rising production of consumer goods, including electronics, food and beverages, and personal care products.