The corrugated fanfold packaging market is projected to grow at a CAGR of 4.3% during the forecast period, reaching a value of US$ 15,930.9 million by 2032, compared to US$ 10,456.7 million in 2022.
The increasing demand for corrugated fanfold packaging can be attributed to the rising need for affordable and environmentally friendly packaging solutions. This method involves using a long sheet of corrugated cardboard, known as fanfold, to protect products from damage effectively.
Corrugated fanfold packaging offers a compelling combination of cost-effectiveness and environmental sustainability. The continuous cardboard product can be folded neatly at regular intervals, providing a flexible packaging solution that caters to various sizes and packaging requirements.
A wide range of goods, including food products, electronic devices, machine parts, and aluminum components, benefit from corrugated fanfold packaging. With different widths and grades available, businesses can choose the most suitable option for their specific needs, ensuring optimal protection.
Notably, corrugated fanfold packaging presents significant cost advantages, minimizing material expenses and saving storage space through cut-to-size packing.
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Emphasizing waste reduction and minimizing environmental impact is becoming increasingly vital for businesses. By adopting corrugated fanfold packaging, companies can contribute to waste reduction while addressing concerns related to warehouse and storage costs. This packaging solution optimizes space during packaging and transportation, aligning with companies’ efforts to maximize resource utilization and environmental sustainability.
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.
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
Key Insights of the Report:
• Key Trends in the Corrugated Fanfold Market: The report highlights the key trends shaping the corrugated fanfold market. These trends provide valuable insights into the industry’s dynamics and help stakeholders understand the evolving preferences of consumers and businesses. It covers trends related to packaging design, sustainability, material innovations, and customization, among others.
• New Advancements in Production Technologies: The report delves into the latest advancements in production technologies within the corrugated fanfold market. It explores how technological innovations are enhancing the efficiency and capabilities of production processes, leading to improved product quality and cost-effectiveness. These advancements are crucial for industry players looking to stay competitive and meet the increasing demands of consumers.
• New Product Launches, Expansions of Corrugated Fanfold Market: The report provides insights into recent product launches and expansions by key players in the corrugated fanfold market. It outlines the strategies adopted by companies to expand their product offerings and market presence. These developments indicate the market’s growth potential and the efforts made by industry players to capture new opportunities.
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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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