The global sales of corrugated fanfold are estimated to be worth USD 9,556.2 million in 2024 and are anticipated to reach a value of USD 13,916.5 million by 2034. Sales are projected to rise at a CAGR of 3.8% over the forecast period between 2024 and 2034. The revenue generated by the box in 2023 was USD 9,249.0 million. The industry is anticipated to exhibit a Y-o-Y growth of 3.2% in 2024.
Shipping & Logistics and E-commerce to utilize most of the corrugated fanfold capturing around 43.3% of the total market share together. Companies in these sectors consumes major share of the corrugated fanfold due to their ability of streamlining the packaging process. Corrugated fanfold’s design allows the packaging and distributing companies a seamless integration with the automatic machines thus increasing output and reducing labor cost.
Global Corrugated Fanfold Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 9,249.0 million |
| Estimated Size, 2024 | USD 9,556.2 million |
| Projected Size, 2034 | USD 13,916.5 million |
| Value-based CAGR (2024 to 2034) | 3.8% |
Double Wall by wall type are expected to reach a valuation of USD 3,372.3 million in 2024 and to further reach up to USD 5,749.8 million by the end of 2034. Double wall corrugated fanfolds are mostly preferred as it offers double protection and improves resistance and to compression and punctures as compared to single wall.
501 to 1000 mm corrugated fanfold by width type are anticipated to grow at a CAGR of 3.0% during the forecasted period and are projected to reach USD 3,242.0 million by 2024. This width size of corrugated fanfold is the perfect balance for the smaller sized materials as well as the larger bulkier items which comes in handy option for manufacturers for easy customize as per the requirement.
South Asia & Pacific region is poised to offer incremental opportunity worth USD 1,276.8 million and is predicted to grow at a CAGR of 5.4%. This growth in the region can be attributed by the increase in the online sales in the countries like India, Indonesia and Vietnam necessitating robust and secure packaging solutions including corrugated fanfolds driving demand.
The global corrugated fanfold market is anticipated to reach USD 9,556.2 million in 2024 with a growth rate of 3.8% during the assessment period. Manufacturers in the global scenario are focusing towards reducing their carbon footprint and the lightweight of corrugated fanfold is contributing in lowering transportation emission as compared to heavy and bulky packaging solutions.
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The below table presents the expected CAGR for the global corrugated fanfold market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 3.6%, followed by a slightly higher growth rate of 3.9% in the second half (H2) of the same decade.
| Particular | Value CAGR |
|---|---|
| H1 | 3.6% (2023 to 2033) |
| H2 | 3.9% (2023 to 2033) |
| H1 | 3.5% (2024 to 2034) |
| H2 | 4.1% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 3.5% in the first half and increase to 4.1% in the second half. In the first half (H1) the market witnessed a decrease of 10 BPS while in the second half (H2), the market witnessed an increase of 20 BPS.
Adoption of Smart Packaging to Influence Demand for Corrugated Fanfold
Smart packaging represents a burgeoning trend driving continued corrugated fanfold market expansion. This upward trend is fueled by the seamless integration of smart technologies such as radio frequency identification tags, QR codes, and near-field communication tags.
Novel advances might provide stakeholders with valuable capabilities such as comprehensive product traceability, robust authenticity verification mechanisms, and engaging interactive consumer experiences. The inclusion of temperature indicators into corrugated packaging might provide peace of mind about the quality and safety of products. Hence, this type of packaging solution is set to be demanded by perishables and pharmaceuticals manufacturers.
Growth in E-commerce to Propel Demand for Corrugated Fanfold
The overall growth of e-commerce in terms of online ordering and delivery has created an increased demand for more packaging materials that can cope with increased transportation volumes. Endless corrugated packaging provides a flexible and effective packaging solution for diverse products in the supply chain of e-commerce.
The reasons for this demand may be the growing popularity of home delivery services. A delivery service would require that the product be packed firmly so that it faces no damage in transit. Since corrugated cardboard provides strength and toughness that ensures protection against damage or tearing making it an ideal solution.
Fragile Properties of Corrugated Fanfold May Hamper Market Growth
Corrugated fanfold is already recognized for cushioning and protecting products in shipping; however, it does not provide protection for delicate items that have delicate contents or small-sized, high-value items. This may discourage business dealing with electronics and luxury goods; such businesses need more robust packaging solutions for the sake of the product integrity.
With perceived fragility, consumer confidence and brand reputation are also affected. Packages that are damaged during delivery as a result of inadequate protection from corrugated fanfold may equate to customer dissatisfaction or even increased return rates which can have an effect on overall customer experience and loyalty.
The markets that value premium packaging the most or demand increased strength may opt for molded pulp, foam inserts, or even rigid boxes for superior protection against impact and compression forces.
These have prompted manufacturers to embrace innovative ideas, such as reinforced materials for corrugated, hybrid solutions for packaging, and advanced testing methods, towards improving the strength and protection properties of corrugated fanfold.
Principal Consultant
The global corrugated fanfold industry recorded a CAGR of 1.9% during the historical period between 2019 and 2023. The growth of the corrugated fanfold industry was positive as it reached a value of USD 9,249.0 million in 2023 from USD 8,564.4 million in 2019.
The corrugated fanfold market in the world is growing at a good pace since the requirements of packaging are shifting towards energy efficiency and sustainability. Customers and businesses today realize their ecological footprint; this has led to more demand for more eco-friendly packaging materials.
Corrugated fanfold is much opted because of its recyclability and biodegradability. The driving force that is projected to make its popularity increase is companies adopting environmentally friendly practices.
E-commerce growth is yet another factor that has fueled the rise of corrugated fanfold demand. Online shopping is now an increasingly common practice. To maintain the products without damage during shipment, the companies must have proper and flexible packaging solutions.
With flexibility as one of its strong points and being able to protect a wide range of commodities, corrugated fanfold has been the go-to choice of e-commerce companies looking for dependable materials for packaging. As online shopping continues to rise, there will also be an increase in demands for reliable and practical packaging solutions, which is likely to further drive demand for corrugated fanfold.
Corrugated fanfold also permits quite a good amount of branding and customization space. With each market becoming increasingly competitive, businesses look to strengthen their brand identity by unique designs in packaging.
Corrugated fanfold becomes the perfect canvas for any innovative packaging solution that lets businesses express the personality of their brand. It may as well evoke a memorable experience in terms of the unboxing of merchandise to the customer. This, therefore, can increase the sense of unique branding and personalization, which may contribute to the increase in corrugated fanfold sales.
Tier 1 companies are market leaders characterized by high production of corrugated fanfold and a wide product portfolio. These market leaders are distinguished by their extensive expertise in manufacturing and reconditioning across multiple processes and a broad geographical reach, underpinned by a robust consumer base.
They provide a wide range of series including recycling, and manufacturing utilizing the latest technology meeting regulatory standards providing the highest quality. Prominent companies within Tier 1 include Smurfit Kappa, DS Smith, International Paper, Westrock and Mondi Plc.
Tier 2 companies include mid-size players characterized by a strong presence overseas and strong market knowledge. These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in Tier 2 include Nine Dragons Holdings Group and Menasha Packaging Company LLC.
Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment.
They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
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The section below covers the industry analysis for the corrugated fanfold market for different countries. Market demand analysis on key countries in several regions of the globe, including North America, Asia Pacific, Europe, and others, is provided. Canada is anticipated to remain at the forefront in North America, with a CAGR of 4.2% through 2034. In East Asia, China is projected to witness a CAGR of 5.3% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 2.2% |
| Canada | 4.2% |
| Argentina | 5.8% |
| BENELUX | 4.0% |
| China | 5.3% |
| India | 5.8% |
| South Africa | 4.9% |
| Estonia | 3.4% |
According to the organization (IBEF), India is one of the emerging markets for corrugated fanfold due to the rapid industrialization in the country. The packaging sector in India uses paper as a leading source.
It is expected that demand for paper will rise continuously for ready-to-eat food and fast-moving consumer goods (FMCG) products. Growth in the paper packaging sector is projected to positively impact the Indian corrugated fanfold market by 2034. India is anticipated to generate 49.2% of market share in 2024, advancing at a 5.2% CAGR during the forecast years.
As per the organization (ITA), the market for e-commerce in Germany is blooming. Penetration of the internet and the rising number of e-commerce consumers are set to contribute to growth.
Total sales of e-commerce in the country were USD 127.5 billion in 2021, which is around 24% growth, as compared to 2020. Number of online consumers in Europe is expected to increase to 68.4 million in 2025.
The rising penetration of e-commerce in Germany was 77% in 2021, which might directly increase the demand for corrugated fanfold in the review period. Germany is set to create an incremental opportunity worth USD 12.27 million and expand at a CAGR of 0.6% through 2034.
The section contains information about the leading segments in the industry. By width, 501 to 1000 mm are estimated to grow at a CAGR of 2.6% throughout 2034. Additionally, the double wall is anticipated to offer an incremental opportunity worth USD 1,606.3 million and is predicted to reach a market valuation of USD 2,362.3 million by 2024.
| Flute Type | C Flute |
|---|---|
| Value Share (2034) | 29.6% |
C flute has a good balance of strength and thickness for proper cushioning & product protection during transport and handling. It withstands moderate compression and impact, as well as ensures the integrity of packaged goods.
C-flute cardboard folding packaging also allows for easy customization and greater size flexibility. A continuous web of corrugated paperboard can be folded to form a stack of interconnected panels. It can then be unrolled and cut to the desired size and shape.
High adaptability might make it ideal for packaging products of various sizes. As a result, the C flute is the leading flute type segment. It is likely to generate a corrugated fanfold market share of more than 32.9% in 2024. It is expected to create an incremental opportunity worth USD 614.5 million during the assessment period.
| End Use | Shipping & Logistics |
|---|---|
| Value Share (2034) | 21.4% |
Cardboard folding packaging can be easily customized to fit different product sizes and shapes. This versatility is very important in the shipping and logistics sector, where packages come in numerous different sizes.
The ability to cut and fold continuous sheets to the desired length & shape enables customized packaging solutions that optimize space utilization and protect goods during transit. Hence, the shipping & logistics segment is set to generate a market share of more than 24.4% in 2024. Furthermore, it is expected to rise with a CAGR of 2.0% over the review period.
Key players operating in the corrugated fanfold market are investing in new technology for improved sustainability and customization in products of corrugated fanfold to meet customer demand and the circular economy norms and also entering into partnerships. Key corrugated fanfold providers have also been acquiring smaller players to grow their presence to further penetrate the corrugated fanfold market across multiple regions.
Recent Industry Developments in the Corrugated Fanfold Market
In terms of wall type, the industry is divided into single wall, double wall, and triple wall.
In terms of flute type, the industry is segregated into C flute, B flute, E flute, and others.
By width, the market is divided into below 500 mm, 501 to 1000 mm, 1001 to 1500 mm, and above 1500 mm.
By printing technology, the market is divided into digital printing, flexographic printing, and lithographic printing.
The market is classified by end uses such as shipping & logistics, e-commerce, electronics & home appliance, pharmaceutical, personal care & cosmetics, furniture, food & beverage, and other consumer goods.
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, Central Asia, Russia & Belarus, Balkan & Balkan Countries, and Middle East & Africa have been covered in the report.
The global corrugated fanfold industry is projected to witness a CAGR of 3.8% between 2024 and 2034.
The global corrugated fanfold industry stood at USD 9,249.0 million in 2023.
The global corrugated fanfold industry is anticipated to reach USD 13,916.5 million by 2034 end.
South Asia & Pacific region is set to record the highest CAGR of 5.4% in the assessment period.
The key players operating in the global corrugated fanfold industry include Smurfit Kappa Group Inc., International Paper Company, WestRock Company, DS Smith Plc, Oji Holdings Corporation, Mondi Plc, and Papierfabrik Palm GmbH & Co KG.
1. Executive Summary 2. Industry Introduction 2.1. Market Taxonomy 2.2. Market Definition 3. Market Trends and Success Factors 4. Market Background 4.1. Macro-economic and Industry Outlook 4.2. Market Dynamics 4.3. Value Chain Analysis 4.4. List of Key Market Participants (Manufacturers/Channel Partners) 4.5. Analysis of Key Industry Matrices 4.6. Industry Development Roadmap 5. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034 5.1. Historical Market Volume Analysis 5.2. Future Market Volume Projections 6. Pricing Analysis 7. Global Market Value (USD) Analysis 2019 to 2023 and Forecast 2024 to 2034 7.1. Historical Sales Analysis 7.2. Future Market Size and Growth Projections 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Wall Type 8.1. Single Wall 8.2. Double Wall 8.3. Triple Wall 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Flute Type 9.1. C Flute 9.2. B Flute 9.3. E Flute 9.4. Others 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Width 10.1. Below 500 mm 10.2. 501 to 1000 mm 10.3. 1001 to 1500 mm 10.4. Above 1500 mm 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Printing Technology 11.1. Digital Printing 11.2. Flexographic Printing 11.3. Lithographic Printing 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use 12.1. Shipping & Logistics 12.2. E-Commerce 12.3. Electronics & Home Appliance 12.4. Pharmaceutical 12.5. Personal Care & Cosmetics 12.6. Furniture 12.7. Food & Beverage 12.8. Other Consumer Goods 13. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 13.1. North America 13.2. Latin America 13.3. East Asia 13.4. South Asia & Pacific 13.5. Western Europe 13.6. Eastern Europe 13.7. Central Asia 13.8. Russia & Belarus 13.9. Balkan & Balkan Countries 13.10. Middle East & Africa 14. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 15. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 17. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 18. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 19. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 20. Central Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 21. Russia & Belarus Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 22. Balkan & Baltics Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 23. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country 24. Sales Analysis 2024 & 2034 by Key Market Segments for 30 Key Countries 25. Competition Outlook including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 26. Company Profile 26.1. Smurfit Kappa Group Inc. 26.2. International Paper Company 26.3. WestRock Company 26.4. DS Smith Plc 26.5. Oji Holdings Corporation 26.6. Mondi Plc 26.7. Papierfabrik Palm GmbH & Co KG 26.8. Menasha Packaging Company, LLC 26.9. Rondo Ganahl Aktiengesellschaft 26.10. Ribble Packaging Ltd. 26.11. Come Sure Group (Holdings) Limited 26.12. Nine Dragons Paper (Holdings) Ltd
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Corrugated Fanfold Market
