The plastic corrugated sheets market has been growing slowly in recent years, but is expected to pick up speed in the next years. Sales of plastic corrugated sheets are anticipated to grow at a 6.2% CAGR, reaching US$ 1.42 billion in 2023, according to market research by Future Market Insights (FMI). The market for plastic corrugated sheets is anticipated to reach US$2.60 billion by 2033 at this compound annual growth rate.
A form of strong and lightweight packaging material made of polypropylene or polyethylene is plastic corrugated sheets. They are frequently employed in a variety of sectors, including packaging, automotive, construction, and advertising.
Comparing plastic corrugated sheets to more conventional packing materials like cardboard, wood, and metal reveals various advantages. They are lightweight, water-resistant, and readily recyclable.
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The increase of the automotive and construction industries, as well as the rising demand for lightweight and affordable packaging materials, are some of the reasons that have contributed to the growth of the plastic corrugated sheets market.
In conclusion, the market for plastic corrugated boards is anticipated to expand significantly in the upcoming years due to the rising need for inexpensive and lightweight packaging materials, the development of the e-commerce sector, and the expanding automotive and construction industries. Manufacturers will need to keep innovating and creating fresh solutions as the market grows more competitive and consumers’ needs change.
Key Takeaways from Plastic Corrugated Sheets Market
- North America holds the largest market share due to the US being subject to fascinating opportunities for sales of plastic corrugated sheets for wall panels, partitions, interior auto components, and tractor sidewalls. The laminated plastic corrugated sheets render protection to automotive parts from abrasion at the time of shipping and handling. Also, polypropylene corrugated sheet does check the electronic devices with regards to electrostatic damage at the time of transportation.
- Coming to the Europe, Germany dominates the market. This could be attributed to growing awareness regarding hygiene and health. Also, food & beverages sector is asking for advanced packaging solutions. Ondaplast leads in the production of corrugated plastic sheets in Europe. The EPSE (European Polycarbonate Sheet Extruders) do represent suppliers and sheet producers all over the Europe. The entire association symbolizes 10 companies, thereby manufacturing more than 120K tons of polycarbonate sheets every single year.
- Coming to the Asia-Pacific, India, in the wake of rising industrialization and urbanization, is witnessing an exorbitant demand for plastic corrugated sheets. As per Invest India, construction vertical is expected to be worth US$ 1.4 Tn by the year 2025. This speaks volumes about the scope of plastic corrugated sheets market. China is expected to follow suit.
Competitive Landscape
The plastic corrugated sheets market is very fragmented, with the presence of multiple key market players. These companies offer a range of plastic corrugated sheets and provide services such as manufacturing, distribution, and packaging solutions. These players focus on strategies such as mergers, acquisitions, partnerships, and new product developments to strengthen their market position and maintain competitiveness. Additionally, they invest in research and development activities to enhance their product portfolio and improve product quality
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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.
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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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