WiseGuyReports published new report, titled “Global Corrugated Packaging Software Market”
Packaging industry is among the fastest growing industries which provide efficient and high quality packaging solution with the implementation of advance technology. Increasing demand of packaging in food & beverage, healthcare and other industries is driving the demand of corrugated packaging. Thus the requirement of software to design suitable corrugated packaging is increasing. Structural packaging design software is not only used to provide solutions for complex designing of corrugated packaging, it is also used for die cutting & printing. Artios CAD, Impact, Packmage, EngView Packaging Designer Suite and Kasemake are some design software which is commonly used in paper industry. However, packaging software are highly complex and require skilled personnel to handle, lack of trained people for handling packaging software is hindering the growth of the corrugated packaging software market.
Corrugated packaging software also helps in inventory management, management of corrugated board production and shipment. Implementation of corrugated software helps as part of the enterprise resource planning (ERP) which is boosting the adoption of corrugated packaging software across the globe. Nowadays, many online solutions for corrugated packaging is also helping in die-cutting and printing for corrugated boards. For instance, Packly is the online software, which provides complete packaging solution for die-cuts with 3D Virtual Mockup and high printing quality for personalized corrugated packaging.
Global corrugated packaging software market is segmented on the following basis:
• Based on Software Type
o Stand-alone software
o Packaged software
• Based on Deployment
o Cloud Based
Market Size and Forecast (2016-2024)
The global corrugated packaging software market valued USD 2.83 billion in 2016, and is expected to reach USD 15.74 billion in 2024, growing at a CAGR of 24.0% during the forecast period.
Based on geography, North America is the dominating region for global corrugated packaging software market followed by Europe. Over 1,300 manufacturing plants in the United States and Canada are used for the production of corrugated boxes which is expected to increase the deployment of corrugated packaging software in the region. North America corrugated packaging software market is expected to grow at a CAGR of 23.0% during the forecast period. Europe held around 33% revenue share of the global corrugated packaging software market in 2016. Rising demand of corrugated packaging software for managing the corrugated boxes production countries such as Germany, Russia, Italy and France is likely to expand the corrugated packaging software business in the region.
Asia-Pacific is the fastest growing region for global corrugated packaging software market, owing to high adoption of advance technology in supply chain management in China, Singapore, South Korea and Japan. Asia-Pacific corrugated packaging software market expected to reach USD 3.76 billion by the end of 2024. Moreover, growing demand of eco-friendly packaging in Latin America and Middle East & Africa region is also fuelling the growth of corrugated packaging market which will eventually boost the growth of corrugated packaging software market in the region.
Market Drivers and Challenges
Rising demand for efficient management of supply chain is also increasing the demand of corrugated packaging software. Effective use of materials in corrugated packaging production, inventory control, and delivery management is easily achieved with the help of corrugated packaging software. These are the major factor which is driving the demand of corrugated packaging software market. However, high cost of packaging software is prohibiting the adoption of corrugated packaging software in small scale industries. Lack of awareness about the cloud based software solutions is also likely to hinder the growth of corrugated packaging software in the near future.
Key Market Players
• Epicor Software
o Business Strategy
o Product Portfolio
o SWOT Analysis
• Amtech Software
• Avista Solutions International
• Electronics for Imaging
• Theurer.com GmbH
• Adren Software
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