According to the report by Expert Market Research (EMR), The global plastic corrugated packaging market is projected to grow at a CAGR of 4.9% between 2024 and 2032. The market is expected to be aided by the increasing demand for innovative packaging solutions and high-quality corrugated plastic solutions.
Plastic corrugated packaging, also known as corrugated plastic or coroplast, is made from polypropylene sheets and is characterised by its lightweight, strength, and flexibility. It is widely used in packaging, signage, automotive components, and construction, among other applications. The material’s resistance to moisture, chemicals, and impact makes it a preferred choice for protective packaging in various industries, including electronics, automotive, agriculture, and pharmaceuticals.
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The plastic corrugated packaging market growth is fuelled by the increasing demand for sustainable packaging solutions. Plastic corrugated packaging is recyclable and reusable, making it an environmentally friendly alternative to traditional packaging materials like cardboard and wood. This aligns with the global shift towards sustainable practices and the reduction of carbon footprints in the packaging industry.
Furthermore, the e-commerce boom has significantly contributed to the plastic corrugated packaging market expansion. The rise of online shopping has led to an increased need for durable and lightweight packaging to ensure the safe transportation of goods. Plastic corrugated packaging’s ability to provide excellent protection while being cost-effective has made it a popular choice for e-commerce packaging.
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The robustly growing automotive sector is another key driver of the plastic corrugated packaging market. The need for lightweight components to improve fuel efficiency has led to the adoption of plastic corrugated materials for automotive parts packaging. This trend is expected to continue as the automotive industry focuses on reducing vehicle weight and enhancing sustainability.
Innovation and technological advancements are also shaping the plastic corrugated packaging market. Manufacturers are developing new products with enhanced properties, such as anti-static and flame-retardant plastic corrugated packaging, to meet the specific requirements of various industries. Additionally, the integration of smart technologies, such as RFID tags and QR codes, into plastic corrugated packaging is gaining traction, enabling better tracking and inventory management.
Despite its growth, the plastic corrugated packaging market faces challenges related to environmental concerns. The perception of plastic as a non-eco-friendly material poses a challenge to market growth. However, manufacturers are addressing this issue by investing in research and development to produce biodegradable and recycled plastic corrugated packaging solutions.
The plastic corrugated packaging market growth is likely to surge in the emerging regions owing to rapid industrialisation and the growth of the retail sector, which is driving the demand for efficient and cost-effective packaging solutions. Furthermore, the increasing focus on reducing packaging waste and promoting circular economy practices opens up new avenues for the development of sustainable plastic corrugated packaging products.
Market Segmentation
The global plastic corrugated packaging market can be divided based on packaging type, material, end use, and region.
Market Breakup by Packaging Type
- Folding Boxes
- Trays
- Crates
- Inserts and Dividers
- Others
Market Breakup by Material
- Polypropylene (PP)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polycarbonate (PC)
Market Breakup by End Use
- Food and Beverages
- Agriculture
- Healthcare
- Automotive
- Electrical and Electronics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global plastic corrugated packaging market. Some of the major players explored in the report by Expert Market Research are as follows:
- Samuel Grant Group Ltd.
- Sohner Kunststofftechnik GmbH
- American Containers Inc.
- Flexcon Container, Inc
- Minnesota Diversified Industries
- Technology Container Corp.
- Inteplast Group(Coroplast)
- Twinplast Limited
- Corlite Packaging Industries Sdn. Bhd
- Androp Packaging Inc.
- Others
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