Experiencing steady growth, the fanfold market is projected to achieve a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period, elevating its value from US$ 29.48 billion in 2022 to an estimated US$ 41.58 billion by the year 2032.
The United States is anticipated to secure its position as the largest market for fanfold, attributed to the nation’s widespread adoption of e-commerce and the demand for various industrial goods. Notably, the U.S. leads the way, closely followed by China and India, two of the world’s fastest-developing e-commerce markets. These countries are expected to fuel the demand for fanfold consistently throughout the forecast period, driven by the ever-growing e-commerce sector.
European countries such as Germany, the United Kingdom, France, and Italy stand out for their high-volume manufacturing of industrial goods and products. Their industrial prowess is projected to significantly contribute to the growth potential of the fanfold market during the forecast period.
Moreover, due to the rising sales of fanfold products and increased manufacturing activities, Brazil and Mexico in the Americas are likely to experience above-average growth in the fanfold market. These regions are expected to be pivotal in the global fanfold market’s expansion, reflecting the increasing demand for reliable packaging solutions in the industrial and e-commerce sectors.
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The Major Key Players Are:
- Box on Demand,
- International Paper Company,
- Smurfit Kappa,
- DS Smith,
- Menasha Packaging Company,
- Papierfabrik Palm,
- Braepac Packaging,
- Independent Corrugator,
- Rondo Ganahl,
- RIBBLE PACKAGING LTD.
Key Drivers to the Fanfold Market Share
- E-commerce Expansion: The rapid growth of the e-commerce sector, particularly in countries like the United States, China, and India, is a major driver of the fanfold market share. With the increase in online shopping, there is a growing need for reliable and efficient packaging solutions like fanfold.
- Industrial Manufacturing: European countries such as Germany, the United Kingdom, France, and Italy are known for high-volume industrial manufacturing. Their continued production of industrial goods and products is a significant driver for the fanfold market share, as these goods often require sturdy and cost-effective packaging solutions.
- Global E-commerce Growth: Beyond the United States, the international expansion of e-commerce, driven by developing markets like China and India, plays a pivotal role in driving the global fanfold market share. These emerging e-commerce markets demand efficient packaging options to meet their logistics needs.
- Increased Manufacturing: As industrial production and sales of fanfold products rise, regions like Brazil and Mexico experience above-average growth in the fanfold market. This increased manufacturing and sales activity contribute significantly to the global market share, reflecting the demand for robust packaging solutions across industries.
Recent Developments
- Smurfit Kappa Group finalised the acquisition of Verzuolo in October 2021. In 2019, the business transformed the PM9 machine into a cutting-edge 661,387-ton recycled containerboard machine as a result of this acquisition. It supplements the already existing and ideally positioned operational facilities near Savona’s port. This is likely to benefit both the corporation and its customers.
- Rengo Co., Ltd. announced in September 2021 that its joint venture in Vietnam, Vina Kraft Paper Co., Ltd., had chosen to develop a new containerboard production site. Vietnam’s overall annual demand for containerboard exceeded three million tonnes in 2019 as a result of ongoing foreign direct investment, primarily in the export industry, and rising domestic consumption.
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Fanfold Market: Segmentation
Valuable information covered in the FMI’s Fanfold market report has been segregated into key segments and sub-segments.
On the basis of wall type, the global fanfold market has been segmented as:
- Single-walled
- B flute
- C flute
- Double-walled
- BC flute
- EB flute
On the basis of width, the global fanfold market has been segmented as:
- 200 mm – 500 mm
- 500 mm – 1000 mm
Important Questions Answered in the Fanfold Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Fanfold market been expanding during the forecast period?
- How will the global Fanfold market look like by the end of the forecast period?
- What innovative strategies are adopted by Fanfold market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Fanfold market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Fanfold market
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