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According to the report, the increasing expenditure of the packaging industry will increase the demand for automated corrugated paper equipment.
Selbyville, Delaware, February 17, 2021/PRNewswire/ - According to a report by Global Market Insights Inc., the corrugated paper equipment market in 2020 is estimated to be 226.77 million U.S. dollars and is expected to exceed 2.823 by 2027 Billion US dollars, with a compound annual growth rate of 3.3% from 2021 to 2027. The report comprehensively analyzes the best winning strategies, volatile industry trends, driving factors and opportunities, main investment channels, competition scenarios, market estimates and scale.
The COVID-19 crisis has severely affected the industry landscape. The interruption in the supply of raw materials hindered production activities in the industry. Due to a sudden drop in demand and an increase in inventory, product prices will fall in 2020. In addition, logistics and supply chain difficulties have also affected the market demand for corrugated equipment.
Non-headquarters flexo printing equipment accounted for a considerable revenue share of more than 33.2% in 2020 because of its popularity in industries such as electrical and electronics, and home and personal care textiles. Compared with HQ-Flexo, this machine is inexpensive and can print up to four colors. This product can print a large number of cardboards and has the advantages of low power consumption, fast running speed, and low noise.
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By 2027, rotary die cutting machines will grow at the highest compound annual growth rate of 3.5%. These machines are becoming more and more popular due to their high quality, energy saving and safety features. The global retail industry's growing demand for effective packaging solutions will drive the growth of the corrugated equipment market. These machines run at high speeds, making them suitable for high-volume industries such as food and beverages as well as household and personal care. The growing demand for efficient and high-speed cutting and slitting machines will drive the rotary die cutting machine market in the cardboard packaging industry.
The food and beverage industry will dominate the entire market and is expected to grow at a compound annual growth rate of 3.7% by 2027. The food and beverage industry is the main consumer of cardboard packaging. The increase in the consumption of processed foods will drive the demand for packaging machines. In addition, more and more recyclable materials are used to process food, which will lead to high demand for corrugated equipment.
By 2027, the Web-to-Sheet lithographic laminator segment will grow at a moderate growth rate and account for more than 26.7 million U.S. dollars in revenue. The high demand for decorative packaging products will escalate the demand for lithographic laminators. The rise of cardboard packaging and the growing demand for high-efficiency machines are driving the development of the global web-to-sheet laminating machine market. End-use industries such as food, beverages and cosmetics are in high demand, which creates huge opportunities for corrugated equipment market participants.
By 2027, product revenues from the household and personal care industries will reach US$25.1 million. The growing population of Asian countries and the improvement of socio-economic conditions will promote the development of the global family and personal care industry. The region has experienced dramatic growth in the past decade, stimulating consumerism and the demand and trade of household goods. In addition, the global increase in health and hygiene awareness will promote the development of the packaging industry.
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Latin America is expected to grow at a compound annual growth rate of 3.5%. Due to increased export opportunities and favorable regulatory frameworks, the food and beverage industry in Latin America is showing rapid growth. The region's growing demand for ultra-processed foods and beverages is expected to drive the market demand for corrugated paper equipment within the research time frame. In addition, countries including Mexico and Brazil are investing in key industries such as industrialization and pharmaceuticals, electrical and electronics. By 2027, growing population and economic growth will drive product demand.
By 2027, the Asia-Pacific region will account for an important 46.9% share of the global market. The growing population, rising income levels and changing consumption patterns of the working population provide profitable opportunities for ready-to-eat food. In addition, the growing demand for electronics and textiles in the region is expected to drive the market share of corrugated equipment in the region.
Well-known companies are investing in strategic cooperation to gain a competitive advantage in the industry. In August 2019, Koenig & Bauer AG announced a strategic partnership with Klingele Group to install CorruCUT at Klingele's Delmenhorst plant. The launch will enable the company to increase its market share in the corrugated paper industry. In January 2019, Automatan, LLC and Systec Conveyor Corporation announced the merger of their business operations under the new name Inspire Automation.
Other market participants operating in the corrugated equipment industry include Bobst Group, Barry-Wehmiller, Heidelberger Druckmaschinen, OMET, Mark Andy, Wolverine Flexographic, Edale UK, MPS Systems, Rotatek, Star Flex International, BHS Corrugated, Simon Corrugated Machinery, Sun Automation , Walco, Oppliger SRL, Lamina System, EMBA, Mitsubishi Heavy Industries Machinery System, Manroland, Champion Corrugated, Ming Wei Paperware Machinery and Quantum Corrugated.
About Global Market Insight
Global Market Insights, Inc., headquartered in Delaware, is a global market research and consulting service provider. Global Market Insights, Inc. provides joint and customized research reports, growth consulting and business intelligence services to help clients obtain in-depth insights and actionable market data that help strategic decision-making.
GMIPulse is our business analysis platform that provides online interactive options to explore our proprietary industry research data in an easy-to-use and dynamic way. Customers can explore market intelligence in 11 top categories and hundreds of industry segments, covering regions, company levels and cross-sectional statistics, making our products the best among decision makers.
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corrugated-equipment-market.jpg Corrugated Equipment Market Statistics-2027
Cardboard Packaging Market Statistics-2026
Refractory market share and outlook-2025
Source: Global Market Insights Inc.
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