The global corrugated plastic box market is projected to experience a Compound Annual Growth Rate (CAGR) of around 5.2% throughout the forecast period, with the demand for corrugated plastic boxes expected to reach millions of units by 2031. This growth is primarily fueled by the increasing need for secondary packaging that can withstand diverse climate conditions and provide reliable protection for packaged goods.
Corrugated plastic boxes have several advantages over traditional plastic or metal boxes, such as being lightweight and cost-effective, making them highly suitable for transportation and shipping purposes. They are extensively used as secondary packaging solutions in various industries, including automotive, electronics, medical, food and beverage, among others. The recyclable and reusable properties of corrugated plastic boxes contribute significantly to their popularity among end-users.
Compared to cardboard, paper, and wooden packaging, corrugated plastic boxes offer several benefits, such as waterproof exteriors, reusability, lightweight design, and more, which attract users and drive the demand for these boxes. Moreover, their high wet strength makes them suitable for diverse applications, and their ability to maintain their structure under different conditions ensures the safety of the packaged products. Overall, corrugated plastic boxes present a convenient and intelligent alternative for packaging needs across various industries.
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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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