The rapid proliferation of e-commerce has brought about substantial transformations in the packaging industry. The advent of online shopping has prompted businesses to seek packaging solutions that are not only efficient and cost-effective but also adaptable, ensuring the secure transit of their products.
The Corrugated Fanfold Industry 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.
Governments across the globe are enacting more stringent regulations regarding packaging materials to safeguard consumer safety and mitigate environmental impact. Corrugated fanfold, with its eco-friendly attributes, aligns seamlessly with these evolving regulations, offering a sustainable and compliant solution for modern packaging needs.
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:
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Past Performance Trends
The historical performance of the global corrugated fanfold market reveals a notable Compound Annual Growth Rate (CAGR) of 3.46% over the period spanning from 2018 to 2022. Witnessing steady expansion, the market achieved a valuation of US$ 8,955.6 million in 2022, marking a significant increase from US$ 7,816.4 million in 2018.
The current trajectory of the global corrugated fanfold industry indicates robust growth, fueled by a rising demand for packaging solutions that are both efficient and sustainable. With an increasing awareness among consumers and businesses about their environmental footprint, there is a growing preference for eco-friendly packaging materials.
Corrugated fanfold, renowned for its recyclability and biodegradability, has emerged as a favored choice for companies aiming to adopt environmentally friendly practices. This trend is anticipated to further elevate its popularity in the market.
Sales Factors
The ascent of e-commerce has ushered in a surge in online ordering and delivery services, leading to an escalating demand for packaging materials capable of accommodating the heightened transportation volumes. Endless corrugated packaging emerges as a versatile and efficient solution to address the diverse packaging requirements within the e-commerce supply chain. Its adaptability and robustness position it as a prime choice to support the evolving demands of the e-commerce industry.
The Corrugated Fanfold Industry is experiencing sustained growth, propelled by the emerging trend of smart packaging. This trend gains momentum from the seamless integration of smart technologies, including radio frequency identification tags, QR codes, and near-field communication tags. These innovations are enhancing the functionality and appeal of corrugated fanfold packaging, further contributing to its market expansion.
Key Takeaways:
- The global Corrugated Fanfold Industry 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.
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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.
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.
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 Industry 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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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