The corrugated fanfold packaging market is expected to experience a compound annual growth rate (CAGR) of 4.3% during the projected period. By 2022 and 2032, the market is estimated to be valued at US$ 10,456.7 million and US$ 15,930.9 million, respectively.
The demand for corrugated fanfold packaging has been steadily increasing in recent years due to the search for affordable and environmentally friendly packaging solutions. This packaging method involves the use of a long sheet of corrugated cardboard, known as fanfold, to protect products from damage.
Corrugated fanfold packaging is an excellent choice because it offers both cost-effectiveness and environmental sustainability. The continuous cardboard product, which can be folded neatly at regular intervals, provides a flexible packaging solution that caters to various sizes and packaging requirements.
This type of packaging is commonly used to protect a wide range of goods, including food products, electronic devices, machine parts, and aluminum components. It comes in different widths and grades, allowing businesses to choose the most suitable option for their specific needs. Corrugated fanfold packaging is cost-effective as it minimizes material costs and saves storage space through cut-to-size packing.
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Reducing waste generation and minimizing environmental impact are key priorities for many businesses. By utilizing corrugated fanfold packaging, companies can contribute to waste reduction while also addressing concerns related to warehouse and storage costs. This packaging solution helps conserve space during packaging and transportation, aligning with the company’s efforts to optimize resource utilization.
What Are the Key Market Drivers Impacting the Growth of Corrugated Fanfold Market?
The corrugated fanfold cardboard sheets are available in board and flute combinations having multiple length and width combinations. Additionally, the robust, double-wall fanfold corrugated provides flexibility by selecting the correct length of package according to the size of the products. The excellent features such as easy to cut, the pre-cut grooves for a professional and tidy finish of long boxes, fast and easy packaging helps the customers in effective and efficient packaging.
The corrugated fanfold cardboard sheets are moisture and abrasion-resistant; hence are helpful in handling and transportation. It is an entirely versatile and protective packaging that benefits the supply chain by minimizing inventory and material waste.
The corrugated fanfold provides excellent protection to the products during transit as it is safe in transit. Furthermore, it has an ideal flat surface for high-quality printing to showcase a brand image. Therefore, tailored length, width and scoring corrugated fanfold packaging generates significant market growth.
Regional Insights
- Analysis of North America Corrugated Fanfold Market
Based on Geography, the corrugated fanfold market is segmented into North America, Europe, Asia-Pacific, Latin America and MEA. The North American region is leading the market by acquiring 27% of the share during the forecast period.
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- Review of European Corrugated Fanfold Market
Europe holds the second rank in the corrugated fanfold market share by acquiring 22% of the share during the forecast period. The key manufacturing companies are adopting corrugated fanfold in large quantities for packaging purposes.
What is the Key Trend Increasing Sales of Corrugated Fanfold?
The rising demand for e-commerce business and online shopping is growing tremendously. The fanfold corrugated sheets packaging proliferates with the explosion of e-commerce and the continuous development of digital printing technologies. The customers are more concerned about the safe, secure and reliable packaging solution.
The e-commerce business prefers the most economical, easy and efficient packaging, which is cost-effective and safe. The e-commerce business is coming out of the most effective fit-to-product (FTP) or flexible box-on-demand packaging systems. Therefore, the swift in e-commerce and digitalization will enhance the corrugated fanfold market.
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Competitive Landscape
Prominent Players in the Corrugated Fanfold Market.
The corrugated fanfold market is consolidated by the key players existing all around the globe during the forecast period. The key players are focusing on the products that determine the consumer’s needs. For this, they are adopting several strategies such as partnerships, mergers and collaboration to acquire the lion’s share in the market.
Some of the key players in the market are
- DS Smith
- Smurfit Kappa
- Braepac Packaging
- Menasha Packaging Company
- Papierfabrik Palm
- International Paper Company
- Northwest Packaging
- Independent Corrugator
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Key Segments
Based on Wall Type:
- Single Walled
- Double Walled
Based on Flute Type:
- B Flute
- E Flute
- C Flute
Based on Width:
- Below 500 mm
- 501 to 1000 mm
- 1001 to 1500 mm
- Above 1500 mm
Based on End Use Industry:
- E-commerce
- Cosmetics and Personal Care
- Electronics & Electrical
- Others (Automotive, etc.)
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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