The North America Corrugators Market would witness market growth of 3.5% CAGR during the forecast period (2022-2028).
The use of corrugated boxes is fundamental to daily living. It offers a simple-to-use, renewable supply of packaging for almost all items. One of the most used corrugated products is corrugated cardboard. Both industrial and consumer goods are frequently packaged in corrugated paperboard containers.
With the expansion of enterprises whose primary products include cosmetics, soaps, automotive components, crockery, glassware, pharmaceuticals, and cookies, among other things, the need for corrugated boxes is rising. The manufacturing sector of the economy, which produces a wide range of commodities from food to refrigerators, is wholly dependent on the corrugated box industry.
Due to their high tensile strength, corrugated boards are ideal for industrial applications, namely box packaging. Corrugated paperboard boxes can handle heavy, fragile, and delicate as well as various product categories that are frequently purchased online. The need for corrugated cardboard boxes has expanded as a consequence of the growth of e-commerce as well as the retail industry, which is benefiting the market.
The food and beverage industry are the third-largest contribution to manufacturing GDP in the US. About 1.8 million individuals work in this sector, with over 75 percent of the 27,000 manufacturers of food products in the US employing under 100 workers. However, food manufacturers face a few issues like adhering to the Food Safety Modernization Act, using sustainable production and packaging methods, technology improvements, and more. In the years ahead, the regional market participants will have more excellent opportunities owing to this growth of the food and beverage sector. These factors are propelling the corrugator’s market growth in this region.
The US market dominated the North America Corrugators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $651 million by 2028.The Canada market is poised to grow at a CAGR of 5.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Corrugators Market is Estimated to reach $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.).
By Type
By Production Capacity
By End User
By Country
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