Newly released data from corrugated fanfold market analysis shows that global demand of the overall corrugated fanfold market is forecasted to expand at a value compound annual growth rate (CAGR) of nearly 6% from 2021-2031 and reach millions of units by 2031. In terms of growth, the corrugated fanfold market is projected to witness a prominent sales growth rate by 2031, owning to the increasing demand for e-commerce and sustainable packaging.
Corrugated Fanfold Market: Market Outlook
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.
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.
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.
What is the Key Opportunity for Growing Demand of Corrugated Fanfold Market?
Now consumers use the digital platform to purchase grocery, food and retail product due to easy orders and convenience. The consumers are also keen about the environmental impact of packaging, and they are struggling with excess packaging material used in the packaging and difficulty to dispose of.
The corrugated fanfold sheet is a green packaging solution emphasizes fit and suit as per size and specifications, reduces the storage space and transportation cost. The corrugated fanfold sheets are environment-friendly packaging applicable for 3 R’s- Reduce, Reuse and Recycle. Therefore, the corrugated fanfold sheet has significant demand.
Key players such as
- DS Smith Plc
- Ribble Packaging Ltd.
- Braepac Packaging
- Smurfit Kappa
- Papierfabrik Palm GmbH & Co KG
- Rondo Ganahl AG and others
are actively involved in corrugated fanfold market for different applications.
Key Asian players such as WestRock China, Tanax Inc., Qingdao Sikon International Trade Co., Ltd., International Paper Asia, and others are actively involved in corrugated fanfold market for different applications.
What Strategies are the Key Players Adopting for Increasing their Market Share in Corrugated Fanfold Market?
The manufacturers adopt various strategies such as sustainability and merger& acquisition to serve the increasing demand for the corrugated fanfold market.
- In January 2019, DS Smith acquired Foster Company to expand its geographical footprint globally and setup a big move to increase market segment.
Why is India a Big Market for the Corrugated Fanfold Market?
India is a fast-growing country with higher growth of e-commerce retail sales. The Indian market is witnessing increased demand for corrugated fanfold sheets due to the boom in e-commerce, digital platforms and internet penetration. The corrugated fanfold sheets have excellent cushioning, high strength and are ideal for varied packaging sizes depending on the customer’s need and requirements.
The corrugated fanfold packaging required minimum space for storage and saved time, money and efforts during handling and transportation. Additionally, the rising trend among Indian consumers for recyclable packaging solutions will also generate substantial growth. Therefore, the increasing demand in packaging and transportation due to the rise in e-commerce will generate massive demand in the Indian market.
How has the COVID-19 Pandemic Impacted the Corrugated Fanfold Market?
Due to Covid-19 outbreak, the industrial sector has been the hardest hit and shown a steep downturn in industrial growth. At the outset of the pandemic, the supply chain halted, the factories lowered the production due to lockdowns. The Covid-19 crisis affected the demand for certain types of packaging while accelerating the growth of e-commerce shipments of food and pharmaceutical packaging as the lifeline.
The corrugated fanfold is the most flexible and versatile packaging, reducing material waste. It is moisture and abrasion resistant providing the highest barrier strength to the products during handling, storage and shipment. Therefore, the corrugated fanfold cardboard sheets are the safe and convenient packaging for food and healthcare products that generated substantial demand during the pandemic.
Key Segments of Corrugated Fanfold Market Covered in the Repor
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.)
Based on the Region:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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