Throughout the forecast period, a CAGR of 4.3% is predicted for the corrugated fanfold market. The market is estimated to be worth US$ 10,456.7 Mn in 2022 and US$ 15,930.9 Mn in 2032.
The demand for corrugated fanfold packaging has been an excellent consideration in recent years because finding an economical and environmentally friendly packaging solution is of the utmost importance. A long sheet of corrugated cardboard known as a fanfold is typically used to shield merchandise from harm.
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The cost effective and green packaging solution is the utmost priority; hence the corrugated fanfold packaging is a perfect consideration. Fanfold is a long corrugated cardboard sheets that are primarily used to protect and package various products. A corrugated fanfold is a continuous cardboard which is a flexible packaging solution to provide multiple packaging specifications in different sizes according to the customer’s requirements.
A corrugated fanfold is like a fan that comes in a long piece of corrugated cardboard is foldable at regular intervals; therefore it can be folded neatly and appropriately.
It is protective packaging to the product used in packaging having a wide range of width ad grades. It is helpful for packaging products such as aluminium components, electronic equipment, machine parts, food products etc. It is a budget-friendly packaging, as it is used for cut-to-size packaging by saving material costs and reducing storage space.
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Any business is focusing on reducing waste generation to try to reduce the environmental impact. The company’s focus on lowering the warehouse and storage cost; therefore, the corrugated fanfold helps conserve the space during packaging and transportation.
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.
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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.
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.
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
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:
- Cosmetics and Personal Care
- Electronics & Electrical
- Others (Automotive, etc.)
- North America
- Latin America
- Asia Pacific
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