Lewes, DE -- (SBWire) -- 10/31/2017 --Report forecast the global corrugated box making machine market to grow at a CAGR of 2.18% during the period 2017-2021.
Corrugated boxes are used for packaging consumer and industrial goods. Corrugated packaging is best suited for shipping and transporting various products that are fragile in nature. These boxes are very durable and have high safety standards compared with the other modes of packaging such as cardboard packaging. Corrugated boxes handle pressure and can be stacked for easy and economical transportation. These boxes are safe to use as they do not have any sharp edges.
The report covers the present scenario and the growth prospects of the global corrugated box making machine market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the market is exponential growth in e-commerce industry. The trend of e-commerce has been in existence since 2000 in the developed countries such as the US and the EU, but it has started gaining a huge momentum in the developing nations; the e-commerce industry has now penetrated in several unreached markets till now. The global e-commerce industry witnessed exponential growth in 2015 with most of this growth coming from B2B trading. With this trend, the e-commerce industry is anticipated to witness an exponential growth due to the growth in disposable incomes as well as the rise in internet penetration globally.
Further, the report states that one challenge in the market is uncertainty in business environment following US presidential elections. With the election of Donald Trump as the new US president in January 2017, there have been widespread changes in the trade as well as employment policies in the country. This is expected to significantly impact not only the US economy but the global economy as well. The most significant impact has been in the neighboring countries south of the US. The North American Free Trade Agreement (NAFTA) signed in the 1990s by then US president Bill Clinton opened the doors to these countries, helping them to develop and enhance their manufacturing ability due to the availability of cheap labor and natural resources.
Global Corrugated Box Making Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global corrugated box making machine market: BCS Corrugated, Dongguang Ruichang Carton Machinery, Fosber Group, Zemat Technology Group, and Zhongke Packaging Machinery.
Other Prominent Vendors in the market are: Acme Machinery, Associated Industrial, Box On Demand, DING SHUNG MACHINERY, EMBA Machinery, MarquipWardUnited, Mitsubishi Heavy Industries America, Natraj Industries, Packsize International, Serpa Packaging Solutions, Shanghai PrintYoung International Industry, Shengli carton Equipment Manufacturing, SUN Automation Group (Langston), SUZHOU KOMAL MACHINERY, T-ROC EQUIPMENT, Valco Melton, and XINTIAN CARTON MACHINERY MANUFACTURING.
Market driver
- Exponential growth in e-commerce industry
- For a full, detailed list, view our report
Market challenge
- Uncertainty in business environment following US presidential elections
- For a full, detailed list, view our report
Market trend
- Smart packaging
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 67 pages "Global Corrugated Box Making Machine Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by end-user, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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