Corrugated Fanfold Market Size, Share, Trends, Growth

Corrugated Fanfold Market Size and Growing Demand

The corrugated fanfold market size reached US$ 6.33 billion in 2023 and is projected to hit around US$ 9.59 billion by 2034, expanding at a CAGR of 3.85% during the forecast period from 2024 to 2034.

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The market proliferates due to the rising e-commerce sector and the requirement of shipping & logistics where the safe and durable packaging of products is required. There is an increasing demand for sustainable packaging among consumers and strict government guidelines result in the growth of corrugated fanfold market development.

Key Takeaways

• Asia Pacific led the corrugated fanfold market in 2023.
• By region, North America is expected to witness the highest CAGR during the forecast period.
• By wall type, the single wall segment held a dominant market share in 2023.
• By flute type, the c flute segment held a dominant market share in 2023.
• By width, the below 500 mm segment is anticipated to grow with the highest CAGR during the forecast period.
• By printing technology, the digital printing segment held a dominant market share in 2023.
• By end use, the shipping & logistics segment is anticipated to grow with the highest CAGR during the forecast period.

Market Overview

The corrugated fanfold market is developing significantly worldwide and this growth is driven by the growing demand for packaging of materials due to the increasing market of electronics, automotive, and several other sectors which require transportation to a longer distance. Corrugated fanfold packaging is a multi-layer packaging board which delivers incomparable strength to the packaging to endure severe wear and tear all over the packaging, storing transport, and selling demonstration processes.

The growing demand for sustainable packaging of products due to the rising awareness towards the environment is pushing the development of the market. This corrugated fanfold packaging is biodegradable as well as recyclable which makes it the most preferred packaging choice among companies. Several companies in recent times have brought innovation in the packaging field to reduce the carbon footprint in which corrugated box materials are highly preferred as these are suitable according to the requirement.

Driver

Growing Advances in Packaging Facilities: Market’s Largest Driver

Fanfold packaging is used to improve the longevity of the goods, safeguard the products inside from harm, and retain their quality. Increasing adoption of environment-friendly products and rising demand for suitable & supportable packaging resolutions are among the crucial aspects contributing towards the growth of the market. Fluctuating customer choices are resulting in the enlarged efficacy of packaging resources to boost strength, fragrance preservation, heat padding, waterproofing, and prevent moisture. The usage of moisture-free packing is one of the aspects, which subsidizes the development of the market.

The packaging sector is incorporating intelligent systems to the rising scale to offer extreme safety and to uphold the worth of the products at a comparatively low charge. Rising demand for intelligent arrangements in the packaging sector is further expected to boost market development. Advanced packaging solution offers an improved customer interface, owing to the accessibility of technically progressive and advanced devices is also influencing the market development.

Corrugated Fanfold Market Trends

• Rising demand for online shopping and product delivery influenced the rise of the corrugated fanfold market with a reliable packaging demand.
• Growing demand for sustainable and eco-friendly packaging influences this market due to their biodegradable and recyclable properties.
• Due to technological advancements such as automatic folding, cutting, and printing systems assure error-free production.
• Customisation availability in this sector due to the demand in several different sectors of the market.

Market Opportunity

Growing E-commerce Industry Resulted in Rising Demand for the Corrugated Fanfold Market

The expanding e-commerce business has influenced the corrugated fanfold market to develop rapidly. The rising trend for online shopping worldwide has raised the demand for safe packaging of products without any damage to the product. Protection and durability of products due to the concern for the arrival of undamaged products as there is a huge order for electronics and decorative products which are delicate and require careful handling. These corrugated fanfold packaging are highly automated and have an innovative market which makes them cost-effective. Due to automatic production machines, there is less labour charge and speed production of the packaging boxes.

• In February 2024, Kite Packaging, announce the launch of its corrugated fan fold. A corrugated fan fold is a long sheet of cardboard that has been scored and folded at regular intervals to resemble a fan.

Regional Insights

Expansion of E-commerce: North America to Establish as a Significant Player

North America is observed to witness the fastest rate of growth in the market during the forecast period this growth is due to the presence of e-commerce industries and the increasing demand of customers for enhanced packaging of products. The adoption of automatic packaging systems due to the heavy requirement of packaging mainly due to the rising trend of online ordering of products with a variety. There is a huge contribution of market players in the innovation and development of fanfold packaging such as Anybox Machine, BC Boxes, Custom Boxes Market, Elite Custom Boxes, Blue Box Packaging, and various others. The rising e-commerce industries in countries like the U.S. and Canada facing a huge demand for the production of corrugated fanfold packaging boxes of different materials at a low charge.

Rapid Urbanization and Industrialization: Asia to Remain as the Largest Shareholder

Asia Pacific held the largest share of the corrugated fanfold market in 2023. The rapidly growing urbanization and industrialization raise the demand for the corrugated fanfold market. Several countries such as India, Japan, China, Thailand, and South Korea are experiencing growth in the manufacturing industries of packaging fanfold boxes. This region is significantly shifting towards sustainable packaging solutions which is driving corrugated fanfold packaging. Due to the heavy transportation of products, it is highly recommended to use sturdy packaging of the products. These boxes come with a wide customization option to meet various industries' demands so it is highly preferred by companies.

Segmental Insights

• By wall type, the single wall segment led the corrugated fanfold market in 2023. This segment is growing significantly due to its versatility and cost-effectiveness. It provides support to medium-range weight products.
• By flute type, the c flute segment led the corrugated fanfold market in 2023. This segment is in high demand as it is a balance between strong, cushiony, and flexible packaging boxes. 
• By width type, the 500 mm width segment led the corrugated fanfold market in 2023. These segments of corrugated fanfold are highly preferred in e-commerce, manufacturing, and retail industries as these boxes provide high protection and cost-effective packaging solutions.
• By printing technology, the digital printing segment led the corrugated fanfold market in the predicted period. Most industries are precisely focusing on creating unique identities with printing quality which influences the market of digital printing boxes.
• By end use, the shipping & logistics segment led the corrugated fanfold market in 2023. This segment is influenced to provide essential protection at the time of transportation. It reduces shipping costs due to being light-weight and customized to consume less space.

Recent Developments

• In September 2022, VPK Group, announced the launch of fit2size® for Fanfold corrugated packaging solutions. In response to the increasing demand for e-commerce and logistics packaging, the company has launched a new product based on the latest Fanfold innovation to further strengthen its ambition to supply excellent sustainable packaging solutions. 
• In February 2024, SPAR Hungary announced the launch of eco-friendly reusable fruit and vegetable transporting boxes. It is done to minimize waste production and improve recycling of products. 
• In March 2024, INDEVCO, which is a leading innovative company in the field of box packaging, announced the launch of its new website for products.

Corrugated Fanfold Market Top Companies List

• Nine Dragons Paper (Holdings) Ltd
• Smurfit Kappa Group Inc.
• Come Sure Group (Holdings) Limited
• International Paper Company
• Ribble Packaging Ltd.
• WestRock Company
• Rondo Ganahl Aktiengesellschaft
• DS Smith Plc
• Menasha Packaging Company, LLC
• Oji Holdings Corporation
• Papierfabrik Palm GmbH & Co KG

Corrugated Fanfold Market Segments

By Wall Type

• Single Wall
• Double Wall
• Triple Wall

By Flute Type

• C Flute
• B Flute
• E Flute

By Width

• Below 500 mm
• 501 to 1000 mm
• 1001 to 1500 mm
• Above 1500 mm

By Printing Technology

• Digital Printing
• Flexographic Printing
• Lithographic Printing

By End Use

• Shipping & Logistics
• E-Commerce
• Electronics & Home Appliance
• Pharmaceutical
• Personal Care & Cosmetics
• Furniture
• Food & Beverage

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait