The global corrugated plastic box market is expected to witness a Compound Annual Growth Rate (CAGR) of approximately 5.2% during the forecast period. Market analysis indicates that the demand for corrugated plastic boxes is set to reach millions of units by 2031. The primary driver for the increased sales of corrugated plastic boxes is the growing need for secondary packaging that can withstand various climate conditions and protect the packaged products.
Corrugated plastic boxes are lightweight and cost-effective compared to traditional plastic or metal boxes, making them favorable for transportation and shipping purposes. They are widely used as secondary packaging solutions in industries such as automotive, electronics, medical, food and beverage, among others. The reusable and recyclable nature of corrugated plastic boxes contributes to their popularity among end-users.
These boxes serve as convenient and smarter alternatives to cardboard, paper, and wooden packaging. They offer features like waterproof exteriors, reusability, lightweight construction, and more, which attract end-users and drive the demand for corrugated plastic boxes. Additionally, the high wet strength of these boxes makes them suitable for various applications, and their ability to retain structure under different conditions ensures the safety of the packed products.
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Corrugated plastic boxes are capable of carrying multiple items due to their internal demarcations and can withstand heavy loads due to their strength and stiffness. Moreover, they can be customized according to user requirements, eliminating the need for disposal as they can be returned to the shipper or seller for reuse. This environmental sustainability aspect further supports the demand for corrugated plastic boxes.
Key Takeaways:
- The global corrugated plastic box market is expected to grow at a CAGR of approximately 5.2%.
- Demand for corrugated plastic boxes is driven by the need for secondary packaging that can withstand climate changes and protect the products.
- Corrugated plastic boxes are lightweight, cost-effective, and recyclable, making them favorable for transportation and shipping.
- They offer features like waterproof exteriors, reusability, and customization options, attracting end-users across various industries.
- The high wet strength, load-bearing capacity, and structural integrity of corrugated plastic boxes contribute to their popularity and demand in the market
Competitive Landscape
The global key players for the corrugated plastic box are
- Technology Container Corp.
- Minnesota Diversified Industries
- GWP Group Limited
- Amatech Inc.
- CoolSeal USA
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Some of the APAC players include Corlite Packaging Industries Sdn. Bhd., CLPG Packaging Industries Sdn. Bhd., Classic Enterprises Pvt Ltd, and others.
Key Segments of Corrugated Plastic Box Market Covered in the Report
By Material:
- Polypropylene (PP)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Others (PS, etc.)
By Product Type:
- Foldable Corrugated Plastic Box
- Non-Foldable Corrugated Plastic Box
By End-Use Industry:
- Automotive
- Medical & Pharmaceutical
- Food & Beverage
- Electronics & Electricals
- Building & Construction
- Others (Agriculture, Cosmetic, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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