The following companies as the key players in the global corrugated box making machine market: BCS Corrugated, Dongguang Ruichang Carton Machinery, Fosber Group, Zemat Technology Group, and Zhongke Packaging Machinery.

 

Other Prominent Vendors in the market are: Acme Machinery, Associated Industrial, Box On Demand, DING SHUNG MACHINERY, EMBA Machinery, MarquipWardUnited, Mitsubishi Heavy Industries America, Natraj Industries, Packsize International, Serpa Packaging Solutions, Shanghai PrintYoung International Industry, Shengli carton Equipment Manufacturing, SUN Automation Group (Langston), SUZHOU KOMAL MACHINERY, T-ROC EQUIPMENT, Valco Melton, and XINTIAN CARTON MACHINERY MANUFACTURING.

 

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Commenting on the report, an analyst from Technavio’s team said: “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.”

 

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According to the report, one driver in the market is exponential growth in 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 a 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 an exponential growth due to the growth in disposable incomes as well as the rise in internet penetration globally.

 

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Further, the report states that one challenge in the market is uncertainty in business environment following US presidential elections. With the election of Donald Trump as the new US president in January 2017, there have been widespread changes in the trade as well as employment policies in the country. This is expected to significantly impact not only the US economy but the global economy as well. The most significant impact has been in the neighboring countries south of the US. The North American Free Trade Agreement (NAFTA) signed in the 1990s by then US president Bill Clinton opened the doors to these countries, helping them to develop and enhance their manufacturing ability due to the availability of cheap labor and natural resources.

 

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

 

About Alcoholic Drinks

 

Alcohol beverages can be classified into five product categories: beer, wine, spirits, cider, and ready-to-drink (RTD) pre-mixes. RTD pre-mixes have the least percent of alcohol, in terms of volume, than all other alcoholic drinks. In terms of volume, the consumption of beer is the highest among all other alcoholic drinks. Beer is prepared using a mixture of barley and wheat, and sprouted and roasted into malt. After this, it is cooked, fermented, and finally, flavored with hops.

 

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