Box Making Machine Market Report
Boxes are used for packaging consumer and industrial goods. The 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. 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.
In terms of volume, the Sales of Box Making Machines was about 16421 Units in 2016. And it is anticipated to reach 20820 Units by 2022. 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.
Market Driver
The exponential growth in the e-commerce industry. The trend of e-commerce has been in existence since 2000 in the developed countries such as the US and the EU, but it has started gaining 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 exponential growth due to the growth in disposable incomes as well as the rise in internet penetration globally.
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Market Restraints
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to:
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive. The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field
The report forecasts the global Box Making Machine market to grow to reach $$ Million USD in 2019 with a CAGR of –% during the period 2020-2025.
Market Segment as follows:
By Region
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Key Companies
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