What Is The Current and Historic Market Size Analysis Of The Plastic Corrugated Packaging Market?
The plastic corrugated packaging market has seen considerable growth due to a variety of factors.
• In recent years, the size of the plastic corrugated packaging market has experienced consistent growth. The forecast predicts an increase from $229.84 billion in 2024 to $239.51 billion in 2025, presenting a compound annual growth rate (CAGR) of 4.2%.
The expansion throughout the historic period has been propelled by factors like increasing demand for sustainable packaging, surge in e-commerce, needs from the automotive sector, food and beverage industry trends along with logistics and supply chain improvements.
What are the Market Size and Expected Growth Rates for the Plastic Corrugated Packaging Market?
The plastic corrugated packaging market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, we can anticipate consistent expansion of the plastic corrugated packaging market. It is projected to escalate to a worth of $287.25 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 4.6%.
This growth during the forecasted timeline could be due to policy modifications, impacts of the worldwide disease outbreak, circular economy strategies, as well as shifts in consumer preference and the maturation of e-commerce. Major forecast period trends encompass advancements in packaging design and technology, benefits derived from plastic corrugated packaging, and a rising consciousness towards sustainability.
Which Key Drivers Are Propelling The Plastic Corrugated Packaging Market's Growth?
The surge in e-commerce activity is likely to fuel the expansion of the plastic corrugated packaging market in the future. E-commerce, which involves the transfer of funds and data over an electronic network typically the internet, and the buying and selling of goods and services, highly prefers plastic corrugated packaging because of its durability, lightweight, and cost-effective features, which guarantees the safe and productive shipment of items. For instance, as stated by the International Trade Administration, a governmental organization in the US, in March 2022, the total value of e-commerce sales in Canada reached $2.34 billion and is projected to hit $40.3 billion by 2025. As a result, the burgeoning e-commerce sector significantly contributes to the ongoing boom in the plastic corrugated packaging market.
What Are The Key Segments Within The Global Plastic Corrugated Packaging Market?
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
Subsegments:
1) By Polypropylene: Standard Polypropylene Sheets, Coated Polypropylene, Recycled Polypropylene
2) By Polyethylene Terephthalate: Clear PET Sheets, Colored PET Sheets, Recycled PET Products
3) By Polycarbonate: Solid Polycarbonate Sheets, Multi-Wall Polycarbonate Sheets, Specialty Polycarbonate Formulations
4) By Polyethylene: High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE)
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What Trends Are Reshaping The Future Of The Plastic Corrugated Packaging Market?
Leading entities in the plastic corrugated packaging market are concentrating on the evolution of novel solutions such as fanfold corrugated packaging solutions, to enhance efficacy and sustainability in packaging. Fanfold corrugated packaging solutions are a form of packaging made from corrugated material folded like an accordion, created for simplicity in handling, storing, and shipping. For example, in September 2022, VPK Group, a company from Belgium that specializes in producing corrugated cardboard packaging from recycled paper, initiated the fit2size brand. This venture aims to propel the evolution of Fanfold corrugated packaging solutions throughout Europe, with an emphasis on eliminating void fill, spacers, and fillers. Furthermore, it allows the production of accurate, on-demand corrugated packaging, curtails stock-keeping units (SKUs), and minimizes manual labor and formation processes.
Who Are the Key Players In The Plastic Corrugated Packaging Market?
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.
What Are The Regional Insights Into The Plastic Corrugated Packaging Market?
Asia-Pacific was the largest region in the plastic corrugated packaging market in 2024. The regions covered in the plastic corrugated packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
