The global sales of fluting paper are estimated to be worth USD 6.6 billion in 2021 and are anticipated to reach a value of USD 10.2 billion by 2031. Sales are projected to rise at a CAGR of 4.5% over the forecast period between 2021 and 2031. The revenue generated by fluting paper in 2020 was USD 6.3 billion.
The increasing demand for sustainable and high-quality packaging solutions in the corrugated board industry is driving the growth of the fluting paper market. The tremendous demand flowing from e-commerce and retail for sending major items to customers requires robust and protective packing, which accelerates the demand for appropriate fluting paper to enhance the strength and durability of the carton.
The growing environment concerns and regulatory pressures toward recyclable and eco-friendly papers drive the market. The manufacturing innovations that increase the strength and flexibility of the paper facilitate various needs of the industry. Increasing industrial applications further induce demand by making logistics increasingly dependable upon the needs for fluting papers. Growth in the market is further fueled by the increasing pace of global trade and packaging solutions.
Global Fluting Paper Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 6.3 billion |
| Estimated Size, 2021 | USD 6.6 billion |
| Projected Size, 2031 | USD 10.2 billion |
| Value-based CAGR (2021 to 2031) | 4.5% |
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Fluted paper provides cushioning effect to product that provide protection to the products from wearing-tearing or leakage. From this paper secondary packaging is done to product. Growing demand of fluting paper in packaging industry. Primary packaging of any product is protected by secondary packaging and in that fluting paper is very effective to prevent internal products.
Secondary packaging mainly deal with the protective packaging, box-in box, bag-in box, nutrition packaging, pharma-packaging, cosmetic- packaging e-commerce packaging and other. The global fluted paper market is expected to show significant growth during the forecasted period.
Fluting Paper has gaining attention over past few years due to high adoption of lightweight box. Lightweight box material have good acceptance rate by packaging industry. It is easy to deliver products to consumer due to its lightweight. Lightweight box by fluting paper results in less plastic usage and also meet the recent need of environmental friendly products. This act as driving force for market.
Demand for fluting Paper increases around the globe due biodegradable packaging material trend. Over the past few years, a significant transformation has been observed in the overall packaging industry.
Rising awareness about reducing land-pollution in recent years so fluting paper is best solution. Fluting paper are of nature origin so it can be biodegrade easily and pollution is prevented. This create demand for fluting paper.
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USA remains one of the largest markets for fluting paper globally. USA will hold significant markets share throughout the course of the forecast period. Due to increasing focus in this area forces innovator to develop new designs that satisfy and convince the consumers’ demands and needs.
Opportunities are created for a wide range of package types - shapes, sizes, technologies, and many other parameters that define the user-friendly application for consumers as well as manufacturers. So this drive demand of eco-friendly foam container in USA and Canada.
Advance technology keep the nature of packaging stability of product during storage, shipment, and delivery. On these note, improvement in field of packaging and adoption of such product can propel this market.
Fluting Paper has gained traction in European countries in recent years due to adaption of e-commerce. Due to e-commerce sales external appearance of any product matters a lot.
That attractive designs are easily achieved on fluting paper. Social media is fastest growing network to connect with costumers these days with highly-flooded sales strategy by online market is Europe.
Product availability and accessibility by online platform opens up new avenues for vendors to expand their business in Europe. This is leads more innovative designs on packaging material for customer attraction. So, Europe create a good opportunities.
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Some of the leading manufacturers and suppliers of Fluting Paper include
Many leading manufacturer have strategic e-commerce to for strengthen their position in market. In June 2020, Hugo Beck has launched two new machines specifically designed to meet the demands of e-commerce for packaging.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Fluting Paper Market
