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As per the latest report by FMI, the Corrugated Paper Machine Market is likely to witness growth at a CAGR of 4% annually over the upcoming decade. Sales of Corrugated Paper Machine and other packaging solutions made of corrugated paper is expected to reach millions of units.
Corrugated Paper Machine Market: Market Outlook
Corrugated paper forms the best-suited packaging solution for the consumer as well as industrial goods, along with that the risk of damage to even fragile products is reduced. Due to their durability and strength, these packaging solutions made of corrugated paper are the most preferred packaging solution for transporting goods from one place to another.
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A corrugated paper machine is equipment used to produce corrugated paper and later on such corrugated boxes according to various demands and applications. Different types of machinery solutions are offered by companies mainly automatic and semi-automatic are the most popular product types of corrugated machine market.
Demand for corrugated paper manufactured from these machines is high by the growing consumption by food & beverages, e-commerce and many other industries, overall the corrugated paper machine market is expected to witness tremendous growth over the forecasted period.
Which Factors are Driving Growth of Corrugated Paper Machine Market?
The major growth driver of the demand for corrugated paper is the sharp rise of E-commerce and related industries, as even the smallest items for shipping require proper packaging solutions such as corrugated boxes, along with boxes it fuels the demand for corrugated paper machine market which is used to produce these boxes.
Global outreach online food delivery platforms and growing demand for spillproof packaging by these industries in return result in growing consumption of corrugated paper solutions for food packaging and eventually, it results in a boost in sales of corrugated paper machines. Due to all these driving factors, the corrugated paper machine market is all set to expand over the next decade.
What Factors are Limiting Growth of Corrugated Paper Machine Market?
The entry of cost-effective substitutes such as mailers and eco-friendly packaging films & wraps makes affects the growth of the corrugated paper machine market in long run.
Along with that, the relatively extra space consumed by corrugated paper products for even smaller products limits their growth. Huge setup costs incurred in setting up the machines makes them suitable for only large scale manufacturers overlooking small and medium-sized manufacturers. All these factors are expected to hamper the corrugated paper machine market growth in the upcoming decade.
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Key Market Players of Corrugated Paper Machine Market
Global Corrugated Paper Machine Market Segmentation
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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