Corrugated Box Making Machine market research from 360 Market Updates (www.360marketupdates.com) provides actionable intelligence on major parameters impacting the market; analyses the market performance of key companies; market dynamics of key segments; outlines the market performance across global regions. Industry experts project 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.
Corrugated Box Making Machine Market Drivers, Challenges and Trends:
Corrugated Box Making Machine Market Driver: 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 U.S. 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.
Corrugated Box Making Machine Market Challenge: one challenge in the market is uncertainty in business environment following U.S. presidential elections. With the election of Donald Trump as the new U.S. 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 U.S. economy but the global economy as well. The most significant impact has been in the neighboring countries south of the U.S. The North American Free Trade Agreement (NAFTA) signed in the 1990s by then U.S. 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.
Corrugated Box Making Machine Market trend: One trend in the market is smart packaging. Smart packaging is a recent trend that has started to gain popularity across various packaging products. All these years, recycling was popular among the packaging industry, especially in corrugated box packaging. In recycling, the whole box is dismantled and used for different purposes.