Plastic Corrugated Packaging Global Market Report 2024

The plastic corrugated packaging market size has grown strongly in recent years. It will grow from $219.59 billion in 2023 to $229.84 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The expansion witnessed during the historical period can be attributed to several factors. These include the increasing demand for sustainable packaging solutions, the growth of e-commerce leading to heightened packaging needs, demand from the automotive industry, trends within the food and beverage sector, and efforts towards logistics and supply chain optimization.

The plastic corrugated packaging market size is expected to see strong growth in the next few years. It will grow to $274.01 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the forecast period is expected to be driven by several factors. These include regulatory changes impacting packaging standards, the ongoing impact of the global pandemic on consumer behavior and supply chains, initiatives promoting the circular economy, and evolving consumer preferences coupled with advancements in e-commerce.

The surge in e-commerce activity is poised to drive significant growth within the plastic corrugated packaging market in the foreseeable future. E-commerce transactions, facilitated through electronic networks such as the internet, heavily rely on plastic corrugated packaging due to its durability, lightweight properties, and cost-effectiveness, ensuring safe and efficient transportation of goods. Data from the International Trade Administration in March 2022 revealed robust growth in e-commerce sales in Canada, with projections indicating substantial expansion by 2025. This growth trajectory underscores the pivotal role of plastic corrugated packaging in supporting the logistics demands of the burgeoning e-commerce sector.

Key players in the plastic corrugated packaging market are prioritizing the development of innovative solutions, notably reusable packaging, to maintain their competitive edge. Reusable packaging, designed for multiple uses, extends its lifecycle and minimizes environmental impact compared to single-use alternatives. ORBIS Corporation introduced PlastiCorr in April 2021, a reusable plastic corrugated box offering enhanced features and functionality akin to traditional fiber boxes. PlastiCorr's eco-friendly design caters to various applications, including food, beverage, and consumer packaged goods, seamlessly integrating with automated packaging lines while reducing waste.

In January 2024, Hood Container expanded its market presence through the acquisition of Sumter Packaging's corrugated business. This strategic move enables Hood Container to tap into new markets and bolster its fulfillment operations, leveraging Sumter's assets and capabilities in South Carolina and North Carolina. Sumter Packaging Corporation, renowned for its full-service plastic corrugated box and custom packaging solutions, strengthens Hood Container's position as a leading player in the plastic corrugated packaging industry.

Major companies operating in the plastic corrugated packaging market report 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.

Asia-Pacific was the largest region in the plastic corrugated packaging market in 2023. The regions covered in the plastic corrugated packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic corrugated packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Plastic corrugated packaging encompasses materials crafted from corrugated plastic sheets utilized across a range of packaging and storage needs. This durable and lightweight material is comprised of two flat plastic sheets joined by parallel ribs or flutes, offering resilience against moisture, chemicals, and impacts. Additionally, plastic corrugated packaging boasts recyclability and customization options in terms of size, shape, and printing, making it a versatile solution for various applications.

The primary plastic corrugated packaging materials consist of polypropylene, polyethylene terephthalate, polycarbonate, and polyethylene. Polypropylene (PP) stands as a thermoplastic polymer valued for its versatility, durability, and resilience against various chemical solvents. This material finds application across diverse packaging types including folding boxes, crates, bins and racks, trays, and inserts and dividers. These packaging solutions serve a range of industries such as food and beverages, automotive, agriculture, electrical and electronics, and healthcare, meeting their specific packaging requirements.

The plastic corrugated packaging market research report is one of a series of new reports that provides plastic corrugated packaging market statistics, including plastic corrugated packaging industry global market size, regional shares, competitors with a plastic corrugated packaging market share, detailed plastic corrugated packaging market segments, market trends and opportunities, and any further data you may need to thrive in the plastic corrugated packaging industry. This plastic corrugated packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plastic corrugated packaging market consists of sales of plastic bubble mailers, plastic reels and spools, plastic partitions, and floor protection sheets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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