Overview and Scope
Plastic corrugated packaging refers to materials fabricated from corrugated plastic sheets used for various packaging and storage applications. It is a durable and lightweight material composed of two flat plastic sheets connected by parallel ribs or flutes for resistance to moisture, chemicals, and impact, as well as recyclability and customization options in size, shape, and printing.
Sizing and Forecast
The plastic corrugated packaging market size has grown strongly in recent years. It will grow from $219.59 billion in 2023 to $229.84 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to demand for sustainable packaging, e-commerce growth, automotive industry demand, food and beverage industry trends, logistics and supply chain optimization.
The plastic corrugated packaging market size is expected to see strong growth in the next few years. It will grow to $274.01 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to regulatory changes, global pandemic impact, circular economy initiatives, and consumer preferences and e-commerce evolution. Major trends in the forecast period include innovations in packaging design and technology, advantages of plastic corrugated packaging, and growing awareness of sustainability.
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Segmentation & Regional Insights
The plastic corrugated packaging market covered in this report is segmented –
1) By Material: Polypropylene, Polyethylene Terephthalate, Polycarbonate, Polyethylene
2) By Packaging Type: Folding Boxes, Crates, Bins And Racks, Trays, Inserts And Dividers
3) By End-User: Food And Beverages, Automotive, Agriculture, Electrical And Electronics, Healthcare
Asia-Pacific was the largest region in the plastic corrugated packaging market in 2023. The regions covered in the plastic corrugated packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth of e-commerce is expected to propel the growth of the plastic corrugated packaging market going forward. E-commerce refers to the exchange of money and data over an electronic network, usually the internet, and purchasing and selling goods and services. E-commerce utilizes plastic corrugated packaging for its durability, lightweight nature, and cost-effectiveness, ensuring secure and efficient transportation of goods. For instance, in March 2022, according to the International Trade Administration, a US-based government agency, e-commerce sales in Canada was $2.34 billion and expected to reach $40.3 billion by 2025. Therefore, the growth of e-commerce is driving the continued growth of the plastic corrugated packaging market.
Key Industry Players
Major companies operating in the plastic corrugated packaging market are DS Smith Plc, Menasha Corporation, ORBIS Corporation, Primex Plastics Corporation, Dynapac Co. Ltd, Minnesota Diversified Industries Inc., FlEXcon Company Inc., Signode Industrial Group, Technology Container Corp, American Containers Inc., GWP Group, Coroplast Inc., Samuel Grant Packaging, CoolSeal USA, A&C Plastics, Androp Packaging Inc., New-Tech Packaging, Söhner Kunststofftechnik GmbH, Amatech Inc., Packman Packaging Private Limited, Classic Enterprises Pvt Ltd, Mills Industries, Twinplast Ltd., Pinnacle Packaging Industries, Corlite Packaging Industries Sdn Bhd, Hinkle Manufacturing Inc., Siddhi Plast by suninfy, Dongguan Jianxin Plastic Products Co. Ltd., Yamakoh Co. Ltd.
The plastic corrugated packaging market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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