Corrugated Equipment Market Analysis

Corrugated Equipment Market Analysis

The HQ-flexo machines market was over USD 60.6 million in 2020 and is likely to grow at a decent rate of 3.7% in the overall market. High-quality flexographic machines are technically an advanced array of mechanisms that can print in four or more colors simultaneously to achieve a high print quality. These machines run at a very high speed and are feasible for large runs or complicated designs.
 

HQ Flexo post-print is flourishing across the corrugated industry due to its high-quality finish. Paperboard box makers around the globe are making the existing contracts more profitable and exploiting new markets, thus increasing the demand for HQ Flexo in the coming years.
 

The electrical & electronics packaging sector will constitute over 14% of the global consumption in 2027. The electronics industry is witnessing a transformation change in the packaging division. Most of the electronics manufacturers are switching to bio-degradable packaging materials. With various international laws for sustainable practices, the demand for paperboard is expected to increase over the forecast period. Moreover, growth of the electrical & electronics industry especially in South Korea, China, and the U.S. will drive the demand for corrugated equipment market in the coming years.
 

The Europe will hold a revenue size of over USD 55 million in 2027. The region will showcase a considerable growth owing to a rising demand for ready-to-eat packaged food items mainly in the UK, Germany, Italy, and France. The development of new state-of-the-art corrugating machines will fuel the corrugated equipment market revenue in the region. The robust growth of the e-commerce industry and a shifting trend of consumers supporting environmentally sustainable packaging will supplement market growth in the coming years.