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Corrugated Packaging Software Market Report Overview
The global corrugated packaging software market size was USD 9600 million in 2021 and is expected to reach USD 32593.17 million by 2031, at CAGR of 13.0% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with corrugated packaging software market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.
Corrugated packaging software is a comprehensive technology suite specifically tailored for the corrugated packaging industry. This software encompasses various modules such as CAD design tools for creating intricate packaging designs, automated nesting and cutting capabilities for optimizing material usage, and quality control features to ensure precise production. Its applications span a wide range of industries, from food and beverage to electronics and consumer goods. Manufacturers and packaging companies rely on this software to create cost-effective, durable, and attractive packaging solutions. It enables businesses to design, produce, and manage corrugated packaging with greater efficiency, meeting the demands of an increasingly competitive and environmentally-conscious market.
The corrugated packaging software market is experiencing robust growth due to several key factors. Firstly, the expanding e-commerce sector, accelerated by changing consumer behavior, has propelled the demand for customizable and durable packaging solutions. As online shopping continues to thrive, businesses are seeking software solutions that enable them to create packaging tailored to their products, enhancing brand visibility and protection during transit. Moreover, heightened environmental awareness is driving a shift towards sustainable packaging options, and corrugated packaging software allows companies to design eco-friendly solutions. Additionally, the software's efficiency gains in production and material optimization are reducing operational costs, making it an attractive investment for manufacturers. These converging trends contribute to the market's expanding size.
COVID-19 Impact: Industry Slowdown Reduced Packaging Software Demand Amid Business Closures And Cutbacks
The COVID-19 pandemic had a multifaceted impact on the market. Initially, there was a slowdown in the industry as many businesses temporarily closed or scaled back operations. This led to a reduced demand for packaging software, particularly in sectors such as retail and non-essential manufacturing. However, as the pandemic persisted, the market rebounded. E-commerce, which saw a significant surge due to lockdowns and social distancing measures, drove a renewed demand for efficient and customizable packaging solutions. Many companies also reevaluated their supply chains, emphasizing resilience, which led to increased interest in software solutions for optimizing packaging and reducing costs. Overall, the pandemic accelerated the adoption of corrugated packaging software, as businesses recognized the need for agile and efficient packaging operations to meet evolving market demands.
Latest Trends
"Advanced AI And Machine Learning Integration A Notable Trend In The Packaging Software Industry"
One notable trend in the industry is the integration of advanced artificial intelligence (AI) and machine learning technologies. Companies are launching innovative products and solutions that leverage AI for automated design, quality control, and material optimization. These AI-driven tools enhance the precision and efficiency of packaging design, reducing errors and waste. Leading players in the market are actively investing in research and development to stay at the forefront of this trend. They are partnering with tech companies to integrate AI into their existing software offerings. These advancements not only streamline packaging processes but also contribute to sustainability by minimizing material usage. This trend reflects a commitment to staying competitive in an evolving market while addressing environmental concerns.
Corrugated Packaging Software Market SEGMENTATION
- By type
Depending on corrugated packaging software market given are types: Packaged, Standalone. The Packaged type will capture the maximum market share through 2027.
- By Application
The market is divided into On-Premise, Cloud-Based based on application. The global corrugated packaging software market players in cover segment like On-Premise will dominate the market share during 2021-2027.
Driving Factors
"Sustainability Emphasis Drives Growth In The Market"
One significant driving factor behind the corrugated packaging software market growth is the increasing emphasis on sustainability. As environmental awareness and concerns about climate change continue to rise, businesses are striving to reduce their ecological footprint. Corrugated packaging, which is inherently more eco-friendly than alternatives like plastic, is gaining traction. Corrugated packaging software plays a pivotal role in this by enabling companies to design and produce packaging with minimal material waste. It allows for the creation of optimized, recyclable, and biodegradable packaging solutions, aligning with the growing consumer preference for sustainable products. Consequently, the market is expanding as more businesses prioritize environmentally responsible packaging, leading to heightened demand for corrugated packaging software.
"E-Commerce Surge And Personalized Packaging Demand Fuel Market Growth "
Another key driving factor for the growth of the market is the surge in e-commerce and the ever-increasing demand for personalized packaging. E-commerce has experienced exponential growth, especially during the COVID-19 pandemic, and this trend is expected to continue. As a result, businesses require versatile packaging solutions that can be tailored to individual products, enhancing their brand visibility and providing a better unboxing experience for customers. Corrugated packaging software offers the tools needed to create unique and customized packaging designs efficiently. With consumers valuing the unboxing experience as a part of their online shopping satisfaction, this factor is driving the adoption of corrugated packaging software to meet the demand for visually appealing, product-specific packaging.
Restraining Factors
"Capital Investment Hurdles A Notable Restraint In The Market"
A notable restraining factor in the market is the initial capital investment required for implementing these technologies. The adoption of advanced corrugated packaging software often involves purchasing and integrating specialized software, equipment, and training for staff. Small and medium-sized businesses may find this initial financial outlay to be a barrier to entry, inhibiting their ability to fully embrace these solutions. Additionally, some companies may be hesitant to switch from traditional methods to software-driven processes due to concerns about disruption to their existing operations. Overcoming these cost and transition challenges is essential for broader market adoption and ensuring that a wider range of businesses can benefit from the efficiency and sustainability improvements offered by corrugated packaging software.
Corrugated Packaging Software Market Regional Insights
"North America Leading Global Innovation And R&D Commitment In Market"
The leading region in the corrugated packaging software market share is North America. This region boasts a robust and technologically advanced packaging industry, driven by factors such as e-commerce growth, sustainability initiatives, and the presence of key players in the software development sector. The United States, in particular, has a thriving e-commerce market, which has accelerated the demand for efficient packaging solutions. Additionally, North American businesses are increasingly focused on reducing their environmental impact, leading to a higher adoption of corrugated packaging software to optimize material use. The market in North America is characterized by innovation, investment in R&D, and a commitment to staying at the forefront of packaging technology, making it a leader in the global landscape.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Epicor Software Corp. (U.S.)
- Arden Software Ltd. (U.K.)
- Amtech Software (U.S.)
- Microsoft Corp. (U.S.)
- Onesys Ltd. (U.K.)
- SAP SE (Germany)
- Abaca Systems Ltd. (Ireland)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 9600 Million in 2021 |
Market Size Value By |
US$ 32593.17 Million by 2031 |
Growth Rate |
CAGR of 13% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the corrugated packaging software market expected to touch by 2031?
The global corrugated packaging software market size is expected to reach USD 32593.17 million by 2031.
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What CAGR is the corrugated packaging software market expected to exhibit by 2031?
The corrugated packaging software market is expected to exhibit a CAGR of 13.0% by 2031.
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Which are the driving factors of the corrugated packaging software market?
The driving factors of the corrugated packaging software market are sustainability emphasis and e-commerce surge and personalized packaging.
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Which are the key players or most dominating companies functioning in the corrugated packaging software market?
The dominating companies in the corrugated packaging software market are Epicor Software Corp., Arden Software Ltd., Amtech Software, Microsoft Corp.