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NEW YORK , July 14, 2022 /PRNewswire/ -- The COVID-19 pandemic diverted offline shoppers to online platforms such as eBay and Amazon. In addition, more than every eighth currency of household expenditure was spent on goods via online platforms. Therefore, the growing e-commerce sales are expected to proliferate the demand for corrugated boxes and corrugated box making machines in the regional market during the forecast period. One of the key factors driving the Corrugated Box Making Machine Market is the exponential growth in the e-commerce industry. Smart packaging is another factor supporting the corrugated box-making machine market growth in the forecast period. The rising cost of raw materials used in corrugated boxes will be a major challenge for the data center market during the forecast period. Moreover, the corrugated box making machine market value is set to grow by USD 606.63 million , progressing at a CAGR of 1.83% from 2020 to 2025, as per the latest report by Technavio. Sweet Packaging Box Making Machine
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Corrugated Box Making Machine Market 2021-2025: Vendor Analysis and Scope
The corrugated box making machine market report offers information on several market vendors, including ACME Machinery Co. Pvt. Ltd., Bobst Group SA, EMBA Machinery AB, Fosber Spa, ISOWA Corp., KOLBUS. GmbH & Co. KG, Mitsubishi Heavy Industries Ltd., Shinko Machine Mfg. Co. Ltd., Wenzhou Zhongke Packaging Machinery Co. Ltd., and Zemat Technology Group Ltd. among others. The corrugated box making machine market is fragmented and the vendors are deploying growth strategies such as high product differentiation to compete in the market. To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Corrugated Box Making Machine Market 2021-2025: Segmentation
The corrugated box making machine market share growth by the food and beverages segment during the forecast period. The food and beverage industry include all the manufacturers involved in processing raw food materials, packaging, and distributing them. This includes alcoholic and non-alcoholic beverages such as cold drinks, energy drinks, and soda as well as processed meats such as fish and beef. The increase in food consumption among people across the world, combined with the increasing population, is the major driver of the market.
53% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the corrugated box making machines market in APAC. Market growth in this region will be faster than the growth of the market in other regions. With increasing, urbanization and growth of the middle-class population will facilitate the corrugated box making machine market growth in APAC over the forecast period.
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The Report also Covers the Following Areas:
Corrugated Box Making Machine Market 2021-2025: Reasons to Buy this Report
Corrugated Box Making Machine Market Scope
Accelerate at a CAGR of 1.83%
APAC, North America, Europe, MEA, and South America
China, US, India, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
ACME Machinery Co. Pvt. Ltd. , Bobst Group SA, EMBA Machinery AB, Fosber Spa, ISOWA Corp., KOLBUS. GmbH & Co. KG, Mitsubishi Heavy Industries Ltd., Shinko Machine Mfg. Co. Ltd., Wenzhou Zhongke Packaging Machinery Co. Ltd., and Zemat Technology Group Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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