Corrugated fanfold, also known as fanfold cardboard or fanfold corrugated sheets, is a packaging material widely used in various industries for its versatility and cost-effectiveness. Here’s an overview of the market:
The corrugated fanfold market is poised for robust growth in the coming decade, with a projected compound annual growth rate (CAGR) of 5.68% during the assessment period spanning from 2023 to 2033. The market’s value is set to witness a substantial uptick, surging from an estimated US$ 9,423.9 million in 2023 to a noteworthy US$ 16,370.5 million by the year 2033. Notably, at the close of 2022, the market stood at US$ 8,955.6 million, and the momentum is expected to persist with a year-on-year (y-o-y) growth rate of 5.2% anticipated for the year 2023. This growth trajectory underscores the increasing significance of corrugated fanfold solutions in the evolving landscape of packaging and logistics.
According to a recent forecast, sales are expected to increase from 2023 to 2033, presenting an appealing opportunity for incremental growth of US$ 7,414.89 million. Additionally, the projection suggests that the market will expand by 1.7 times its current value during the specified review period.
In recent years, there has been a growing emphasis on sustainability and environmental responsibility in packaging solutions. Corrugated fanfold is favored for its recyclability and biodegradability.
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Key Companies Profiled:
- Smurfit Kappa Group
- International Paper Company
- WestRock Company
- DS Smith plc
- Oji Holdings Corp.
- Mondi plc
- Papierfabrik Palm GmbH & Co KG
- Menasha Packaging Company, LLC
- Rondo Ganahl AG
- Ribble Packaging Ltd.
- Come Sure Group (Holdings) Limited.
- Nine Dragons Paper (Holdings) Limited
Corrugated Fanfold Market Outlook by Category
By Wall Type:
- Single Wall
- Double Wall
- Triple Wall
By Flute Type:
- B Flute
- C Flute
- E Flute
- Others
By Width:
- Below 500 mm
- 501 to 1,000 mm
- 1,001 to 1,500 mm
- Above 1,500 mm
By Printing Technology:
- Digital Printing
- Flexographic Printing
- Lithographic Printing
By End Use:
- Shipping & Logistics
- E-commerce
- Electronics & Home Width Types
- Pharmaceutical
- Personal Care & Cosmetics
- Furniture
- Food & Beverage
- Other Consumer Goods
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
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Key Takeaways:
- The global corrugated fanfold market is predicted to secure a CAGR of 5.68% with a valuation of US$ 16,370.5 million by 2033.
- The global market secured a CAGR of 3.46% in the historical period in 2022.
- The United States is anticipated to dominate the global market by capturing a maximum share during the forecast period.
Competitive Landscape
Exceptional customer service can be a differentiating factor in a competitive market. Corrugated fanfold manufacturers are focusing on building strong relationships with their customers. They are providing responsive support and actively seeking feedback to continually improve their products & and services.
Embracing digital technologies such as automation, data analytics, and AI-driven solutions can streamline operations and improve efficiency. Digital transformation would enable manufacturers to respond quickly to market changes, reduce errors, and improve production capabilities.
Forming alliances with suppliers, distributors, and other market stakeholders can offer manufacturers access to new sectors & resources. Collaborations can also enable them to expand their reach, gain valuable market insights, and access complementary technologies.
For instance,
- In 2023, DS Smith plc invested US$ 71.1 million in its Viana, Portugal kraft paper mill. This included the installation of advanced paper-making machinery, reconstruction of the paper machine, and a significant reduction in CO2 emissions.
- In January 2023, Mondi Plc announced that it had completed the acquisition of the Duino mill situated in Trieste (Italy) from the Burgo Group.
- In December 2022, WestRock Company announced the complete acquisition of Grupo Gondi. This includes nine corrugated packaging plants, four paper mills, and six high graphic plants in Mexico. This strategic move strengthens WestRock’s presence in the region and expands its sustainable packaging offerings.
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Latest Trends in the Corrugated Fanfold Market
Several latest trends significantly drive the global market. These relevant trends in the worldwide market are as follows:
- E-commerce Growth: The increasing number of online platforms, such as e-commerce, are driving the demand for packaging of various sizes. The adoption of corrugated fanfold packaging is increasing due to its flexibility and customized and practical solutions among consumers.
- Sustainable Packaging:Consumers prefer to follow the rules and regulations to reduce waste and promote sustainability. The corrugated fanfold gains tremendous traction to enhance the recycling process and limit sing use of plastics.
- Customized and Branding:The growing popularity of customized and branding tool among end users enhance packaging solutions. These packagings allow consumers to design and create unique styles with advanced printing to enhance consumers’ experiences.
- Automation and Efficiency:Integrating digital technologies such as robotic handling and automated die-cutting reduce process time and improve efficiency. These technologies promote digital printing to capture consumers’ attention.
- Lightweight Material Usage:Nowadays, manufacturers are adopting lightweight materials to develop cost-effective packaging solutions with sustainability. They maintain proper integrity and strength while maintaining quality to reduce waste and carbon footprint.
- Evolving Regulations and Standards:The imposing regulations for sustainable and eco-friendly packaging to manage wastage are shaping the packaging sector. Manufacturers are enhancing practices to follow these guides accordingly.
- On-demand Packaging Solutions:Packaging and manufacturing processes of corrugated fanfold are gaining massive traction among end-use industries. These packaging solutions are designed in various sizes of boxes and on-demand packaging.
- Global Trade and Export Packaging:Manufacturers offer vast quantities of corrugated fanfold in export packaging due to its versatility. These packagings are available in different shapes and sizes to contribute better protection in exporting and trading.
- Collaborative Partnerships:Manufacturers collaborate with research institutions to adopt new technologies and enhance packaging. Other retailers and brands are partnering to develop tailored solutions to gain colossal market revenue.
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