The Asia Pacific Corrugators Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Recycled paper is frequently used in the manufacture of corrugated boxes by corrugator machines. Sometimes naturally occurring materials like trees, bamboo, sugarcane bagasse, and others are also used in place of recycled paper. Because organic materials are used, less energy is needed to produce the packaging, which also has a lower carbon footprint. Additionally, obtaining these raw materials locally means less energy is needed for transportation.
Since the corrugated board is simple to recycle as well as the pulp & paper industries are already skilled at converting it into new forms of containerboard, it is proving to be successful in the packaging industry. This is especially true as sustainability has emerged as a more important problem throughout the value chain. However, due to these advantages, expanded polystyrene (EPS) foams and other polymer-based alternatives have lost ground to corrugated protective forms.
While light weighting of the board has long had an impact on the corrugated sector, right weighting and rightsizing are becoming more significant in this market as a result of customer demand for effective packaging as well as the introduction of dimensional weight (DIM) pricing by the transportation chain. Manufacturers have realized that occasionally switching to a stronger board grade might be advantageous overall since it enables the removal of extra protective components.
The industrial sector in India, which mainly relies on corrugated box packaging for completed goods transit and handling, is inextricably linked to the corrugated box business. The industry for corrugated boxes in India has expanded due to factors including rising demand for fresh food & beverages, home & personal care products, electronic goods, rising consumer awareness of sustainable packaging, and expansion of the e-commerce sector. Regarding sales volume, the five-ply type of box made a considerable contribution in FY2018. The 5-Ply box has taken over the market since it is now produced using completely or semi-automatic equipment, increasing its strength and replacing the 7-Ply and 9-Ply types of boxes. All of these factors are expediting the use and demand of corrugated boxes in the region, which in turn, is accelerating the growth of the regional market.
The China market dominated the Asia Pacific Corrugators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $402.8 million by 2028.The Japan market is experiencing a CAGR of 3.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.2% during (2022 - 2028).
Based on Type, the market is segmented into Automatic and Manual. Based on Production Capacity, the market is segmented into 11- 50 Ton, Less Than 10 Ton, 51-100 Ton and More Than100 Ton. Based on End User, the market is segmented into Food & Beverages, Logistics & Shipping, Pharmaceuticals, Electronics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Corrugators Market is Projected to reach USD 3.4 Billion by 2028, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ISOWA Corporation, Mitsubishi Heavy Industries, Ltd., BW Papersystems(Barry-Wehmiller), Wenzhou Kingsun Machinery Industrial Co.,Ltd., Acme Machinery Co. Pvt. Ltd, HIC Machinery Co., BHS Corrugated Maschinen- und Anlagenbau GmbH, Champion Corrugated Co., LTD., and Guangdong Dongfang Precision Science & Technology Co., Ltd (Fosber S.p.A.).
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By Production Capacity
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