World trade was already slowing in 2019 before COVID 19 outbreak, weighed down by trade tensions and slowing economic growth, such as uncertainty generated from Brexit, the U.S.-China trade war, the Japan-South Korea trade war.
Trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world, according to the study of WTO.The decline in exports has been mainly due to the ongoing global slowdown, which got aggravated due to the current Covid-19 crisis. The latter resulted in large scale disruptions in supply chains and demand resulting in cancellation of orders.
XYZResearch’s analysis shows that as China started reopening its economy, world exports initially recovered across the board. But estimates of the expected recovery in 2021 are uncertain, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses.
This research report indicated that the global Corrugated Box Making Machines market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. In terms of the export, China occupied more than XX % export market share in 2019, India occupied XX %. XXX is the second largest region around the world, it occupied about XX % export market share in 2019. In terms of the Local Capacity, XXX is the largest region around the world, it occupied about XX % export market share in 2019.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Corrugated Box Making Machines Market by XYZResearch Include
Middle East and Africa
Competitive Analysis; Who are the Major Players in Corrugated Box Making Machines Market?
Dongguang Ruichang Carton Machinery
Zhongke Packaging Machinery
Zemat Technology Group
Box On Demand
Serpa Packaging Solutions
Mitsubishi Heavy Industries America
SUN Automation Group
Shanghai PrintYoung International Industry
DING SHUNG MACHINERY CO., LTD.
Major Type of Corrugated Box Making Machines Covered in XYZResearch report:
Application Segments Covered in XYZResearch Market
Food and Beverage
Cosmetic and Personal Care Good
Clothing and Fabric
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