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Corrugated Equipment Market Size By Equipment (Non-HQ Flexo (Flat Bed Die Cutter, RDC [Rotary Die Cutter], FG [Folding Gluing]), HQ Flexo (Flat Bed Die Cutter, RDC [Rotary Die Cutter], FG [Folding Gluing], Sheet-to-sheet Litho-laminators, web-to-web Litho-laminators [Inline, Offline], Web-to-sheet litho-laminators [Inline, Offline]), By Industry (Food & Beverages, Electrical & Electronics, Home & Personal Care, Textile, Paper & pulp, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI4935
  • Published Date: Feb 2021
  • Report Format: PDF

Industry Trends

Corrugated equipment market size was USD 226.77 million in 2020 and will grow at a CAGR of 3.3% from 2021 to 2027. The global paper consumption is increasing steadily, year on year and recently exceeded 400 million tons per year. More than half of this consumption can be witnessed in the U.S., China, and Japan. The growing sustainable packaging industry and the penetration of paper & paperboard products have resulted in the growth of packaging machinery worldwide.

End-use industries, such as food & beverage, pharmaceuticals, and electrical & electronics, are shifting their packaging preferences to ecofriendly materials such as paper & paperboard; therefore, rising demand for green packaging will drive the corrugated equipment market demand.

Corrugated Equipment Market Outlook

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The increasing adoption of automated machines that can be used for a variety of paperboard substrates with ease-of-operation and high versatility, particularly for rather long printing runs on paperboard surfaces, is expected to fuel the corrugated machinery market adoption. These machines can operate at high speeds and their applicability with water- and oil-based inks will encourage the packaging industry. The product demand will be driven by the growing use of corrugated boxes in different packaging applications and transportation. Strong growth in e-commerce and retail-ready packaging will propel the corrugated equipment market share in the near future.

Corrugated equipment for the paperboard industry is experiencing strong technological advancements. This can be attributed to the high research & development expenditure and the introduction of automation and robotics in the field. The integration of IoT and automation into HQ flexo machines ensure repeatable process consistency, minimum waste, and easy manufacturing. Increasing demand for corrugated packaging and the rising trend of Fit-To-Product packaging will drive the corrugated equipment market growth.

The food & beverage industry is a major consumer of paperboard-based corrugated packages that are printed using flexographic printing machines. They are commonly used for packaging juices, milk, and cereal products. Moreover, paperboards generally outperform plastic materials in terms of light blocking properties. Paperboard packaging includes diverse physical formations such as blister backings, solid-fiber boxes, folding cartons, trays, set-up boxes, fiber drums, and convoluted & spiral-wound cans. The increasing consumption of such packaging is expected to bolster the corrugated equipment market sales for corrugated machines by 2027.

The corrugated machines market for paperboard manufacturing is closely related to the performance of paper & paperboard-based products across end-user industries. According to the American Forest & Paper Association reports, the U.S. containerboard volume escalated 1.9% in 2018 accounting for 39.7 million tons and 1.5% in 2019, accounting for 40.3 million tons. The overall growth registered was around 1.7% CAGR in the U.S. market. The rising demand for smart packaging in the e-commerce industry coupled with increased consumption of online products will boost the corrugated equipment market in the packaging sector.

Corrugated equipment is large and capital intensive to manufacture, thus the producers have to face many challenges in the development of the equipment as the market is quite competitive. End-user industries are constantly demanding world-class technologies and are expecting a higher efficiency and return of investment from industrial equipment; thus, the rapid design & development is the main challenge for industry participants.

The covid-19 pandemic had a significant impact on the global market and an unprecedented and disruptive impact on the global economy since its inception. Disruption in the supply chain is majorly attributed to the sudden creation of bottlenecks in raw material supply due to lockdowns and social distancing measures around the world. Temporary trade restrictions imposed by key nations created numerous challenges for industry stakeholders around the world. Moreover, a decline in consumption has forced manufacturers to decrease inventory and reduce the corrugated equipment market prices.

Rising adoption of HQ-flexo machines in the packaging industry will propel consumption

Corrugated Equipment Market by Equipment

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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.

Electrical & electronics packaging industry will accommodate a substantial share in the overall market

Corrugated Equipment Market by Industry

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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.

Europe is anticipated to be among the leading regional corrugated equipment business

Corrugated Equipment Market by Region

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.

Geographical expansions and research & development are key strategies adopted by market players

The corrugated equipment industry is moderately consolidated with major players contributing over 47% to the overall industry share in 2020. Majority of these players are investing in new digital business models to gain a competitive edge. For instance, in 2020 Koenig & Bauer introduced a new CorruJET machine, developed specifically for the corrugated industry. The company has a diverse distribution network and large revenue is generated from the corrugated machines.

Other notable players operating in the 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, Automatan, EMBA, Mitsubishi Heavy Industries Machinery Systems, Manroland, Champion Corrugated, Ming Wei Paperware Machinery, and Quantum Corrugated.

Corrugated equipment market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in units and revenue in USD thousand from 2017 to 2027, for the following segments:

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By Equipment

  • Non-HQ Flexo
    • Flat-bed die cutter
    • Rotary die cutter
    • Folding gluing
  • HQ Flexo
    • Flat-bed die cutter
    • Rotary die cutter
    • Folding gluing
  • Sheet-to-sheet litho-laminators
  • Web-to-web litho-laminators
    • Inline
    • Offline
  • Web-to- sheet litho-laminators
    • Inline
    • Offline

By Industry

  • Food & beverages
  • Electrical & electronics
  • Home & personal care
  • Textile
  • Paper & pulp
  • Pharmaceuticals
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • Italy
    • France
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Malaysia
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • The UAE
    • South Africa
    • Kuwait
Authors: Kunal Ahuja

Frequently Asked Questions (FAQ) :

Corrugated equipment industry share was estimated to be USD 226.77 million in 2020 and will record a CAGR of 3.3% through 2027.

The HQ-flexo machines market share was valued at USD 60.6 million in 2020 and will grow at a steady rate owing to their ability to provide a high-quality print.

The electrical & electronics packaging sector will account for nearly 14% of the global consumption by 2027 as more electronics manufacturers switch to biodegradable packaging solutions.

Europe will hit USD 55 million by 2027 powered by the increasing demand for ready-to-eat packaged food products.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 24
  • Tables & Figures: 536
  • Countries covered: 21
  • Pages: 365
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