According to the report titled ‘Corrugated Equipment Market Size By Equipment (Non-HQ Flexo (Flat Bed Die Cutter, RDC [Rotary Die Cutter], FG [Folding Gluing]), HQ Flexo (Flat Bed Die Cutter, RDC [Rotary Die Cutter], FG [Folding Gluing], Sheet-to-sheet Litho-laminators, web-to-web Litho-laminators [Inline, Offline], Web-to-sheet litho-laminators [Inline, Offline]), By Industry (Food & Beverages, Electrical & Electronics, Home & Personal Care, Textile, Paper & pulp, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’ available with Market Study Report, global corrugated equipment market is expected to witness a stellar growth during 2021-2027.
 

Industrial developments, augmentation of food processing industries, growing demands for food & beverage products leading to preference for effective packing solutions, and high usage of folding gluing machines in end-use industries are key factors catalyzing the growth of corrugated equipment market.
 

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For the unintended, corrugated equipment is basically comprised of a set of machines which binds more than three to seven sheets of paper together during the production process of single, double, or triple wall board.
 

On the contrary, several challenges with respect to design and development of machines as well as product might restrain market growth to some extent.
 

By equipment type, non-HQ flexo segment of corrugated equipment market accounted for 33.35% revenue share in 2020 and is expected to record 2.8% CAGR during the analysis timeframe, owing to cost effectiveness which surges the demand from several industries.
 

Non-HQ flexo equipment is further subdivided into rotary die cutter, folding gluing, and flat-bed die cutter. The flat bed die cutter segment is anticipated to witness 3% CAGR during 2021-2027 as the equipment is easy to use, suitable for customized projects, and are cost effective as well. On the other hand, rotary roller die-cutter segment share is expected to expand at 3.5% CAGR over the forecast period, owing to their high performance, energy efficiency, and safety attributes. Furthermore, folding gluing segment is slated to foresee 2.7% CAGR during 2021-2027, due to surging demand for safe packaging solutions from multiple industries.
 

Moving on to HQ flexo equipment, web-to-web litho laminators segment is slated to exhibit around 3.2% CAGR over the forecast timeframe. These equipment are used for decorative packaging, and find preference for bulk production across home & personal care, food & beverage, and industrial & transit verticals.
 

Considering industry vertical, corrugated equipment market share from food & beverages segment is anticipated to witness 3.7% CAGR through 2027, owing to rise in packaged food consumption, and surge is usage of recyclable materials for packaging.
 

Similarly, textile segment is anticipated to register 2.6% CAGR in the next six years, owing to population surge in Asian countries, rise in domestic demand, and improved spending power of consumers. On the other hand, demand from pulp & paper segment is slated to rise at 2.4% CAGR during the forecast timeline, due to emphasis on adopting sustainable practices to minimize environmental and social impacts.
 

Considering the geographical ambit, Asia Pacific market is expected to exhibit 3.9% CAGR over the study period, due to presence of known domestic players, and expansion of food processing industries.
 

On the other hand, corrugated equipment market in MEA is expected to grow at 3% CAGR through 2027, due to rapid industrialization, growth in electronics and pharmaceutical industries, in consort with surge in demand for food & beverage products.
 

The prominent players profiled in the report are Barry-Wehmiller Companies, Koenig & Bauer AG, Bobst Group SA, OMET Srl, Heidelberger Druckmaschinen AG, Rotatek Printing Machinery S.L., Edale Ltd., BHS Corrugated India Pvt. Ltd., Walco Inc., Emba Machinery AB,  Manroland Sheetfed Gmbh,  Quantum Corrugated Srl, Champion Machinery Co. Ltd., Ming Wei Paperware Machinery Co. Ltd., and Automatan LLC.