The plastic corrugated sheets market has been growing gradually in recent years and is predicted to grow quickly in the next years. Future Market Insights (FMI) has conducted market research that showed sales of plastic corrugated sheets are expected to grow at a 6.2% CAGR, reaching US$ 1.42 billion in 2023. The market for plastic corrugated sheets is anticipated to reach US$2.60 billion by 2033 at this compound annual growth rate.
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Plastic corrugated sheets are a type of lightweight and durable packaging material made from polypropylene or polyethylene. They are commonly used in industries such as packaging, automotive, construction, and advertising, among others. Plastic corrugated sheets offer several advantages over traditional packaging materials such as cardboard, wood, and metal. They are easy to handle, water-resistant, and can be easily recycled.
The growth of the plastic corrugated sheets market can be attributed to several factors, including the increasing demand for lightweight and cost-effective packaging materials, the growing e-commerce industry, and the rise of the automotive and construction sectors.
One of the key advantages of twin-walled plastic sheet is their lightweight and durable nature, which makes them an ideal packaging material for transporting goods. They can be easily stacked, transported, and stored, which helps to reduce shipping costs and improve logistics efficiency. In addition, they are resistant to moisture and other environmental factors, which helps to protect the goods from damage during transit.
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The rise of the e-commerce industry has also contributed to the growth of the plastic corrugated sheets market. As more and more consumers turn to online shopping, the demand for reliable and secure packaging materials has increased. Plastic corrugated sheets offer an effective solution for shipping and handling a wide range of products, from small electronics to large appliances.
The automotive and construction sectors have also been driving the growth of the plastic corrugated sheets market. These industries require durable and lightweight materials for a variety of applications, from automotive components to building materials. Plastic corrugated sheets offer an ideal solution, as they are strong, lightweight, and can be easily shaped and molded to meet specific requirements.
In conclusion, the plastic corrugated sheets market is expected to grow at a significant pace in the coming years, driven by the increasing demand for lightweight and cost-effective packaging materials, the rise of the e-commerce industry, and the growing automotive and construction sectors. As the market becomes more competitive, manufacturers will need to continue to innovate and develop new solutions that meet the changing needs of their customers.
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Other Key Players Operating in the Market
- Coroplast
- Twinplast Ltd.
- Shish Industries Ltd.
- Classic Enterprises Pvt Ltd
- Corlite Packaging Industries Sdn. Bhd.
- Distriplast
- Creabuild Trading LLC
- Roplast
- Yamakoh, Co., Ltd.
Market by Category
By 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
- Logistics & Transportation
- Building & Construction
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