die cutting machine manufacturers carton box making machine:Corrugated Box Making Machine Market – Segments and Forecast by Technavio

die cutting machine manufacturers carton box making machine:Corrugated Box Making Machine Market – Segments and Forecast by Technavio

  LONDON–(BUSINESS WIRE)–The global
corrugated box making machine market is expected to grow at a
CAGR of more than 2% during the forecast period, according to
Technavio’s latest report.

  In this report, Technavio
covers the market outlook and growth prospects of the global corrugated
box making machine market for 2017-2021. The market is segmented
based on end-user, which includes food and beverages goods, electronic
goods, home and personal care goods, textile goods, and paper goods.

  During 2010-2015, the global demand for fast-moving consumer goods
(FMCG) witnessed a substantial growth, and considering the high demand
for electronic products, the market for corrugated boxes is expected to
witness growth during 2016-2021. The demand for corrugated boxes in the
food and beverage and electronic goods industries is expected to
increase during the forecast period because these two industries are the
top users of corrugated boxes. Since their invention, corrugated boxes
have been mainly used to pack and transport food and beverage products.

  Technavio’s heavy
industry research analysts categorize the global corrugated box
making machine market into the following segments by regions:

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  APAC: largest corrugated box making machine market

  China and India dominated the corrugated box making machine market in
APAC. The demand for corrugated boxes is also expected to increase from
other Southeast Asian countries as these consumable products have not
reached the maturity stage. With increasing urbanization and growth of
the middle-class population, the demand for various products across
different industries is expected to grow during the forecast period.

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  Corrugated box making machine market in the Americas

  Like EMEA, the Americas witnessed a slow growth in the demand for
various products and services owing to the economic slowdown during
2012-2015. The packaging industry in the US and Canada showed stagnant
growth during the corresponding period.

  Corrugated box making machine market in EMEA

  The corrugated box making machine market in EMEA saw a decline in demand
for corrugated boxes during 2012-2015 in the wake of low crude oil
prices, which led to the overall economic slowdown in the Middle East
region. The slowdown in the oil and gas industry augmented the slowdown
in demand for consumer and industrial products, which in turn, hit the
packaging industry in this region.

  The major market driver for corrugated
box making machines market arises from the rapid development in many
African countries, which is expected to increase the demand for FMCG and
electronics products, owing to the rapid growth in middle-class
population and overall disposable incomes. This is anticipated to have a
direct impact on the demand for consumer and end-user products.

  The top vendors in the global corrugated box making machine market
highlighted in the report are:

  Browse Related Reports:

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die cutting machine manufacturers carton box making machine:Corrugated Box Making Machine Market – Segments and Forecast by Technavio

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