Fanfold Market

Fanfold Market Overview

The fanfold market is anticipated to register a CAGR of 4.5% during the forecast period, up from US$ 29.48 Bn in 2022 to reach a valuation of US$ 41.58 Bn by 2032.

The sales of fanfold are rising rapidly as they are commonly used for packaging in the retail business. The demand for fanfold is also expected to rise in the coming years due to an increase in the number of individuals shopping online. Furthermore, the sales of fanfold are anticipated to rise as they are used to pack consumer goods. The FMCG industry is likely to be a major driver for global fanfold market share. 

The demand for fanfold is high as leading FMCG firms to focus on sustainable packaging. Another major factor having an impact on the sales of fanfold is the increasing usage to ship electrical devices as a result of the e-commerce boom.

Despite the fact that demand for fanfold has continuously increased during the Covid-19 outbreak, manufacturers have been unable to maintain consistent supply due to a lack of raw materials. As a result, the sales of fanfold are getting impacted as well as raw material shortages. 

The demand for fanfold is rising due to the increasing e-commerce businesses and online purchasing. With the advent of e-commerce and the ongoing development of digital printing technologies, fanfold market share is anticipated to grow drastically during the forecast period.

Customers are increasingly concerned with a safe, secure, and dependable packaging solution owing to which the sales of fanfold are rising rapidly.

What are the Key Drivers to the Fanfold Market Share?

The demand for fanfold is rising due to an increase in e-commerce and the use of various packaging types. To pack things, various types of packing boxes and cartons are necessary. Fanfold offers customizable and tailor-made packaging solutions to meet a variety of packaging requirements. As a result, sales of fanfold are anticipated to grow during the forecast period.

The demand for fanfold is growing as it aids in space optimization by eliminating the habit of storing pre-made boxes in the repository, allowing it to integrate more products within the warehouse. 

Machines can be used to aid in the production of fanfold boxes. During the projected period, these factors are expected to fuel the growth of the global fanfold market share. 

The sales of fanfold are on the rise as it aids in the branding and advertising of producers as well as consumers. Fanfold is available in single-wall flutes like B, C, and E, as well as double-wall flutes like BC, EB, EC, and ED. The various flutes provide varying strengths to the fanfold, which is essential for the packaging of a variety of product types. 

Fanfolds are available in a variety of widths ranging from 200 mm to 2400 mm. These reasons are projected to drive the global fanfold market during the next decade. Fanfold aids in streamlining the packing process and increasing corporate productivity. Overall, the fanfold market share is likely to expand rapidly.

Ismail Sutaria

Principal Consultant

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Which is the Leading Region in the Fanfold Market?

The United States is predicted to be the largest market for the fanfold due to the country's high penetration of e-commerce and other industrial goods. The country is closely followed by China and India, the world's fastest developing e-commerce markets, which are predicted to drive the demand for fanfold throughout the forecast period.

European countries such as Germany, the United Kingdom, France, and Italy, among others, are engaged in high-volume manufacture of industrial goods and products. During the forecast period, it is expected to boost the fanfold market's growth potential. Due to the region's rising sales of fanfold and manufacturing, Brazil and Mexico are likely to experience above-average growth in the fanfold market during the coming decade.

How is the Competitive Landscape in the Fanfold Market?

Some of the key players in the global fanfold market include Box on Demand, International Paper Company, Smurfit Kappa, DS Smith, Menasha Packaging Company, Papierfabrik Palm, Braepac Packaging, Independent Corrugator, Rondo Ganahl, RIBBLE PACKAGING LTD.

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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