The global Case Erectors Market accrued earnings worth approximately 10.1 (USD Billion) in 2020 and is predicted to gain revenue of about 15.1(USD Billion) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2021 to 2028. The report offers an assessment and analysis of the Case Erectors Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Case Erectors Market: Synopsis
Case erectors are machines that help in the manufacture of erect folded cardboards as well as corrugated boxes in specific shapes. These boxes & cardboards are then made available for packaging of industrial goods as well as consumer products. With the induction of new products such as robotics case erectors, to the existing product lines, the ergonomic packaging activities have gained momentum, thereby offering package customization and saving costs incurred by firms on the deployment of case erectors. This, in turn, will facilitate the expansion of case erectors’ market size in the years ahead. Breakthroughs in technology will embellish the growth of the case erectors industry over the forecast timeframe.
Case Erectors Market: Growth Drivers
The growth of the case erectors market over the assessment period is due to an increase in efficiency resulting in a reduction of work fatigue for workers. Apart from this, a rising trend among the product manufacturers towards paper-based packaging due to massive use of the latter for packaging food products, pharmaceuticals, beverages, and consumer goods will steer market value. In addition to this, a thriving packaging sector culminating in massive demand for case erectors in countries such as Indonesia, India, Vietnam, and China will drive the business landscape. With key players focusing on exploring new growth opportunities in emerging economies, the market for case erectors is likely to witness accelerated growth shortly.
Furthermore, the elevated popularity of case erectors in the personal care & cosmetics industry as well as the fashion sector will characterize the growth of the case erectors market. Growing demand for robust packaging in the manufacturing sector has translated into scaling up of popularity of case erectors, thereby accentuating case erectors market progression. Nonetheless, high initial deployment costs of products can be detrimental to the growth of the case erectors market in the next decade.
Regional Landscape
The growth of the case erectors market in North America in the next seven years is subject to large-scale production of case erectors in countries such as the U.S. and Canada. In addition to this, the presence of established industry players in countries such as the U.S. will prompt the growth of the case erectors market in years to come. Additionally, product manufacturers in the U.S. and Canada export the product to emerging economies of the Asia Pacific and African countries. This has increased the GDP and revenue of case erector exporting countries, thereby contributing significantly towards case erectors market proceeds in North America.
Competitive Landscape
Key participants influencing market landscape and profiled in the report are Hamrick Manufacturing & Services, Lantech, Recopak Machinery PTY Ltd., Wayne Automation Corporation, WestRock Company, FilSilPek, Lenze, Arpac LLC, Pearson Packaging Systems, Marq packaging System, Wexxar/BEL Packaging, Combi Packaging System LLC, and A.B. Sealer Incorporated.
The global Case Erectors Market is segmented as follows:
By Machine Type
- Automatic Erector
- Semi-Automatic Erector
By End-Use
- Chemical & Petrochemical
- Cosmetics
- Food and Beverages
- Pharmaceutical
- Electronics
- Manufacturing
- Automotive
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
