November 2024
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.
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.
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.
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.
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.
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.
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November 2024
November 2024
November 2024
November 2024
Asmita Singh is a distinguished author and consultant in the packaging industry, recognized for her unwavering passion for knowledge discovery and her commitment to providing actionable insights. She holds an MBA from the University of Mumbai and a degree in Packaging Engineering from the Indian Institute of Packaging (IIP), equipping her with a solid foundation in both business and technical aspects of packaging. With extensive experience in packaging consulting, Asmita has successfully implemented advanced research methodologies across various packaging categories, including flexible packaging, rigid packaging, sustainable packaging, and smart packaging. She generates high-quality data and delivers meaningful results that drive innovation and efficiency. Her expertise spans the globe, offering valuable consulting services to businesses seeking to enhance their packaging strategies. Asmitas work is characterized by a dedication to excellence and a keen understanding of the latest trends and technologies shaping the future of packaging.
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