Future Market Insights (FMI) recently conducted a market analysis, and the results show that sales of plastic corrugated sheets market are expected to grow at a 6.2% CAGR, reaching US$ 1.42 billion in 2023. By 2033, the market for plastic corrugated sheets is anticipated to reach US$2.60 billion at this compound annual growth rate.
The increased usage of plastic corrugated sheets in numerous applications, including packaging, displays, signage, and partitions, has caused the market for these sheets to expand dramatically in recent years. The lightweight, strong, and weather-resistant sheets are commonly constructed of high-density polyethylene (HDPE) or polypropylene (PP).
The need for environmentally friendly packaging options is rising as customers become more concerned about the environment. The market for plastic corrugated sheets has increased as a result of the growing need for environmentally friendly and sustainable packaging solutions.
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A recent market research report entitled Plastic Corrugated Sheets Market Size, Share, Growth, Industry Trends, and Forecast, done by our research team depicts the comprehensive and collaborative analysis of industry during past, present, and forecast periods. The Plastic Corrugated Sheets Market report determines historic growth analysis and current scenario of Functional Mushroom Market place and intends to offer actionable insights on global market growth projections.
The report Plastic Corrugated Sheets on all the industry verticals like competitive market scenario, regional presence, and development opportunities. The next part covers the market competition landscape based on revenue and growth rate. Further, it explains Plastic Corrugated Sheets Market types, applications, and price analysis.
As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI) the global plastic corrugated sheets market is projected to total US$ 1.3 Bn in 2021, growing at a 6.4% CAGR through 2031
2014-2020 Plastic Corrugated Sheets Market Outlook Compared to 2021-2031 Forecast
Driven by the expansion of the food and construction industries across the globe, the plastic corrugated sheet market is anticipated to rise at 6.4% CAGR from 2021 to 2031. Plastic corrugated sheets are made from high-impact polypropylene copolymer or low-density polyethylene.
These sheet are specially derived from extruded plastic, also known as twin-wall or multi-wall sheet produced in a continuous extrusion process. They are waterproof, heat-insulated, and long-lasting, while being chemical, moisture, acid-resistant as well as pest and termite resistant. Its tendency to adhere to unforeseen hardships and climate changes is indeed an advantage. It is a robust, long-life, and customized packaging solution for various end-user applications.
Plastic corrugated sheets are extensively used in the advertising industry for exhibition and signboards, indoor-outdoor signage, digital and screen-printing displays. These sheets provide robust protection against environmental influences are easily installable, ideal for temporary walls, fencing, and partitions.
Plastic corrugated sheet is among the most protective packaging solutions, providing optimum level protection for all kinds of material parts of different sizes and shapes. They are an excellent source of roofing and flooring materials and are used in the agriculture industry for the construction of greenhouses and protection and handling of plants during transport.
In addition, the emergence of e-commerce and digital platforms are anticipated to propel sales of plastic corrugated sheets. Versatility, flexibility, sustainability, and cost-effectiveness are chief factors driving the popularity and adoption of plastic corrugated sheets in various end-use industries. Growing demand for recyclable, reusable, non-toxic and environment-friendly solutions is spurring is projected to spur sales of plastic corrugated sheets in the forthcoming years.
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Key Takeaways from Plastic Corrugated Sheets Market
Based on material type, polypropylene (PP) plastic corrugated sheets are projected to hold 48.7% of the total market share.
In terms of end-use, applications of plastic corrugated sheets in the packaging industry are anticipated to account for 34.1% of the total market share through 2031.
3mm to 8mm thickness segment to remain highly sought after, capturing 48.4% of the total plastic corrugated sheets market share.
The U.S. will continue witnessing high demand for plastic corrugated sheets, accounting for 85.1% of the North American market share.
Germany is projected to dominate the European plastic corrugated sheets market, holding 17.5% of the market share.
Sales of plastic corrugated sheets in India are anticipated to grow at a robust 8.9% CAGR through 2031.
China will emerge as an attractive market, commanding 80.9% of the East Asian plastic corrugated sheets market share.
The Australian plastic corrugated sheets market is projected to grow at a 3.5% CAGR through 2031, owing to increasing demand for high-quality printing solutions.
Who is Winning?
DS Smith Plc, Karton S.p.A., Coroplast, FlutePlast, Twinplast Ltd., and among others are the leading players in the global plastic corrugated sheets market. The Tier 1 players in the market hold 15-20% in the global plastic corrugated sheets market.
As consumers are preferring environmentally friendly, sustainable, and affordable packaging solution, players operating in the global plastic corrugated sheets market are actively focusing on research and development to launch innovative products, catering to the growing demand. Besides this, strategic collaborations, mergers, and acquisitions will remain prominent growth strategies adopted by key players over the assessment period. For instance:
Coroplast® offers CORO-GARD plastic corrugated sheets made for electronic transportation-sensitive devices and packaging to prevent (ESD) electrostatic damage. It is produced to meet the guidelines given by the (EIA) Electronics Industries Association.
Coroplast® introduced brushed fabric polyester laminated sheets, which provide additional abrasion protection for “A” class packaging applications. Polyester laminated Coroplast sheets offer a cost-effective solution to ensure a proper combination of process, materials, and adhesion.
Karton S.p.A. introduced Eplak® polypropylene sheet, which has a sandy matt finish ideal for cosmetics and luxury products packaging. Its glossy, shiny mirror finish is perfect for advertising materials. Cartonplast® is a versatile product that is easily converted into box packaging and uses the most modern extrusion technique.
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Plastic Corrugated Sheets Market by CategoryBy Material Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Others (Polycarbonate (PC), Polyethylene Terephthalate (PET), etc.)
By Thickness:
- Less than 3 mm
- 3 to 8 mm
- Above 8 mm
By End Use:
- Packaging
- Healthcare
- Food
- Automotive
- Electronics
- Others
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
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