The Smart Choice for Packaging: Plastic Corrugated Sheets Lead the Way;Plastic Corrugated Sheets Market is Expected to See a Whopping 6.2%CAGR through 2023, Report by Future Market Insights, Inc.

The Smart Choice for Packaging: Plastic Corrugated Sheets Lead the Way; Plastic Corrugated Sheets Market is Expected to See a Whopping 6.2% CAGR through 2023, Report by Future Market Insights, Inc.
The Smart Choice for Packaging: Plastic Corrugated Sheets Lead the Way; Plastic Corrugated Sheets Market is Expected to See a Whopping 6.2% CAGR through 2023, Report by Future Market Insights, Inc.

The United States plastic corrugated sheets market is growing rapidly in recent years, driven by increasing demand for packaging solutions. The country accounted for13.4%of the global market share in 2022. The country is a key consumer of packaging materials and has a mature market for plastic corrugated sheets, with several manufacturers and suppliers operating here. 

NEWARK, Del: Plastic corrugated sheet sales are anticipated to soar at a 6.2% CAGR, hitting US$ 1.42 billion in 2023. The plastic corrugated sheets market is expected to exceed US$ 2.60 billion by 2033 at this compound annual growth rate.

Corrugated plastic can be characterized as sheets of plastic that are fortified with crushed fiberglass to make them stiffer. Polypropylene and polyethylene are the two main substances employed for the production of these sheets. The dependability, toughness, dimensional precision, and longevity of these sheets make them a strong recommendation. 

These corrugated sheets are often created following the industry‘s unique criteria and can be customized according to the needs of the customer, which increases their cost effectiveness and guarantees their extreme possible marketability in the end-use sectors.

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Over the forecast period, the market is predicted to see considerable revenue growth. The construction industry’s expanding usage of corrugated plastic sheets is credited with encouraging the market’s massive expansion. Given its resistance to moisture, chemicals, pests, and termites, the construction industry ranks among the top significant users of plastic corrugated sheets.

As the demand for plastic corrugated sheets from the packaging industry rises, the market is perceptibly expected to see a boom. Plastic corrugated sheets are now considered the preeminent option for packaging material owing to their improvements like adaptability, versatility, and dimensional stability.

Compared to certain molded packaging that cannot be recycled, it is cleaner and more renewable. The widespread usage of plastic corrugated sheets in the automotive, food and beverage, and commercial industries is also driving up demand for these sheets in the packaging industry. The global market is anticipated to benefit from the rise of digital and e-commerce platforms in terms of growth opportunities.

The Asia Pacific region is expected to dominate the global market plastic corrugated sheets market. The region is currently regarded as a hub for global manufacturing, with both developing and developed nations in the region having robust automotive, construction, food, chemical, advertising, packaging, and logistics industries. As a result, all of these industries in the region are experiencing an increase in demand for plastic corrugated sheets.

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Key Takeaways

  • The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 2.56% through 2033.
  • The United States dominated the market in 2022 holding a 13.4% share of the global market.
  • In 2022, Japan held a 3.4% market share globally.
  • With a CAGR of 8.98% over the forecast period, India is predicted to develop rapidly in the market.
  • The market in China is expected to proliferate, registering a CAGR of 7.89% over the forecast period.
  • Germany accounted for 4.0% of the global market in 2022.

Competitive Landscape

The top manufacturers of the plastic corrugated sheet market are DS Smith, Coroplast, Twinplast Ltd., Shish Industries Ltd., Classic Enterprises Pvt Ltd, Corlite Packaging, Industries Sdn. Bhd., Distriplast, Creabuild Trading LLC, Roplast, Yamakoh, Co., Ltd., Corex Plastics Pty Ltd., Siddhi Plast, FlutePlast, Karton S.p.A., Androp Packaging Inc. and others.

To surpass their competitors, these businesses have employed a variety of tactics. They place a high priority on innovation, increasing productivity and quality, delivering superior customer service, putting in place cost-saving strategies, distinguishing their goods and services, and forging a powerful brand identity. They have expanded their customer base and revenue by introducing new products, making acquisitions, forming partnerships, reorganizing their companies, and cooperating.

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Recent Developments

  • In May 2022, by using digital printing to customize reusable containers, DS Smith Tecnicarton took its dedication to industrial packaging advancements a step ahead and is currently capable of providing resolutions that are adapted to the needs of each client.
  • In January 2022, Corex and Megara partnered together to offer indigenous consumers a one-stop storefront for Australian plastic production and reprocessing.

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
  • Agriculture & Allied Products
  • Others (Advertisement, Graphics)

By Region:

  • North America
  • Latin America
  • Europe
  • The Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

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Table of Content

1. Executive Summary | Plastic Corrugated Sheets Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

Explore FMI’s Extensive Coverage on Packaging Domain:

Corrugated Box Market Size: The corrugated box market is anticipated to have an effective CAGR of 5.0% during the period of 2022-2032.

Corrugated Bin Boxes Market Share: The overall demand for corrugated bin boxes is projected to grow at a CAGR of 4.3% between 2022 and 2032, totalling around 36,855.1 Million by 2032

Corrugated Wraps Market Demand: The global corrugated wraps market is expected to garner a market value of US$ 3,586.4 Million in 2022 and is expected to accumulate a market value of US$ 5,589.1 Million by registering a CAGR of 4.5% in the forecast period 2022-2032

Compostable Foodservice Packaging Market Trends: The global compostable foodservice packaging market is forecast to attain a valuation of US$ 18.9 billion in 2023. 

Flexible Plastic Packaging Market Forecast: Future Market Insights projects flexible plastic packaging market to grow at 5% CAGR between 2021 and 2031.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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