Advancement in e-commerce sector will propel the accordion folding market to reach US$41.58 billion in 2032

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The demand for fanfold folding is likely to increase as it offers customizable and bespoke packaging solutions to meet a variety of packaging requirements. Fanfold demand is high as consumer companies focus on sustainable packaging.

NEWARK, Del, Nov. 16, 2022 (GLOBE NEWSWIRE) — The world screen market is expected to reach a value of US$41.58 billion by 2032, with the market growing at an average CAGR of 4.5% from 2022 to 2032. Likely to reach around US$29.48 billion in 2022, the target market is determined by packaging demands in the retail sector. The escalation in online shopping is further contributing to the growth of the fanfolding market over the forecast period.

The upsurge of online shoppers, a thriving e-commerce industry, has led to an increase in the use of various types of packaging. This has led to a surge in demand for fanfold packaging. The last decades have seen the emergence of various packaging solutions to pack different types of products. Fanfold offers customizable and bespoke packaging solutions to meet a wide range of packaging needs. Therefore, room divider sales are expected to increase over the projected period.

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In addition, the consumer goods sector contributes significantly to the growing demand for fanfold packaging. During the forecast period, the FMCG industry is expected to be a major growth driver of the target market. More and more companies in the FMCG industry are focusing on sustainability and therefore using sustainable packaging solutions. Again, shipping of electrical products owing to expanding e-commerce sector will support the growth of the fanfolding market.

Fanfold helps simplify the packaging process and improves business productivity. Moreover, accordion folding also helps in branding and promotion of producers as well as consumers. All of these will likely have a positive impact on the target market.

Although a shortage of raw materials may hamper the overall market growth, the expansion of e-commerce and the constant development of digital printing technologies will make a substantial contribution to the growth of the fanfolding market. Other factors such as growing consumer demand for safe, secure and reliable packaging solutions will propel the target market towards growth over the forecast period.

“Increased sustainability efforts along with expanding e-commerce sector will complement the global fanfolding market growth over the forecast period,” an IMF analyst said.

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Key points to remember:

  • The demand for safe and secure packaging solutions will drive the market outlook.

  • Lack of raw materials might hamper the accordion folding market growth over the forecast period.

  • The folding screen market in the United States is likely to be the largest market for the product.

  • The expansion of the e-commerce sector will propel the target market to India and China.

  • Large-scale manufacturing of industrial goods will drive the fanfolding market in Europe.

Competitive landscape

Box on Demand, International Paper Company, Smurfit Kappa, DS Smith, Menasha Packaging Company, Papierfabrik Palm, Braepac Packaging, Independent Corrugator, Rondo Ganahl, and RIBBLE PACKAGING LTD., among others, are some of the major players in the fanfolding market presented in the full report.

The major market players are focusing on adopting organic and inorganic strategies to meet the growing consumer demands. These companies use strategic acquisitions, mergers and joint ventures to gain competitive advantage.

More information on the Fanfold market report

In its latest report, FMI offers an unbiased analysis of the Global Fanfold Market, providing historic data from 2015 to 2020 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the global market, the market is segmented on the basis of wall type, width, end use and region.

According to the latest IMF reports, based on segmentation, the fanfolding market is segmented into widths ranging from 200mm to 2400mm and into wall types such as single flute like B, C and E, as well as single flute double wall like BC, EB , EC and ED. The different types of flutes offer different levels of resistance to fanfolding, which further increases the global market sales.

Based on the region, the accordion folding market in the United States is expected to lead in the global space. The target market in this country will be the largest market due to the high penetration of e-commerce. The growing demand for industrial goods is also contributing significantly to the growth of the folding screen market in the United States over the forecast period. Apart from the United States, countries like China, India, Germany, France, and Italy will provide lucrative opportunities for the fanfold market over the forecast period.

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1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Impact of Covid-19

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

Click here for the 250-page Fanfold Market TOC Report

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