Global Plastic Corrugated Packaging Market Report and Forecast 2024-2032

Global Plastic Corrugated Packaging Market Outlook

The global plastic corrugated packaging market size is projected to grow at a CAGR of 4.9% between 2024 and 2032.The major drivers of the market include expansion of the e-commerce sector and availability of easy processing techniques.

Key Trends in the Market

Plastic corrugated packaging refers to disposable containers comprising of three layers. The corrugated plastic is known by various names including corflute, poly flute, twin wall plastic, and flute plastic. These packaging provide protection to the stored products against handling, transportation, and stacking, among others.

• The expansion of the e-commerce sector is aiding the plastic corrugated packaging market growth. Investments on safe and durable packaging is essential for the e-commerce sector as it allows them to enhance their brand image and value, improve customer loyalty, and increase sales.

• The increasing awareness about the various benefits offered by plastic corrugated packaging is propelling its requirement from the food and beverage sector as the packaging ensures the delivery of the food products in top condition while providing ventilation, cushioning, and moisture resistance.

• The growing demand from various manufacturers for high quality corrugated plastic solutions with enhanced graphic designs is providing lucrative growth opportunities to the market. The availability of high-quality graphic designs allows brands to showcase products, expand their consumer base, and provide enhanced customer engagement.

Global Plastic Corrugated Packaging Market Analysis

On the basis of packaging type, the market is divided into folding boxes, trays, crates, and inserts and dividers, among others. Based on material, the market is segregated into polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), and polycarbonate (PC).

On the basis of end use, the market is classified into food and beverages, agriculture, healthcare, automotive, and electrical and electronics, among others. Based on region, the plastic corrugated packaging market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Samuel Grant Group Ltd. 

• Sohner Kunststofftechnik GmbH 

• American Containers Inc. 

• Flexcon Container, Inc 

• Minnesota Diversified Industries 

• Technology Container Corp. 

• Inteplast Group(Coroplast) 

• Twinplast Limited 

• Corlite Packaging Industries Sdn. Bhd 

• Androp Packaging Inc. 

• Others

Market Share by End Use

Food and beverage sector is expected to account for a significant plastic corrugated packaging market share owing to the ability of the packaging to provide protection against contamination and spill during transportation, shipping, and delivery. The packaging provides protection to food and beverages against moisture allowing them to maintain their freshness and withstand long shipping durations. The packaging also enhances the unboxing experience for the consumers and aids brands in showcasing their products and standing out from the competition.

Market Share by Region

The Asia Pacific is anticipated to account for a significant share of the market over the forecast period. This growth can be attributed to the rising requirement from the processed food and beverage companies, expansion of the e-commerce sector, and availability of easy processing techniques. The plastic corrugated packaging market demand is also increasing due to decreasing pulp prices and growing awareness about the various advantages associated with the utilisation of corrugated packaging.

Competitive Landscape

Samuel Grant Group Ltd. is dedicated towards reducing the impact of packaging on environment. They deliver optimum packaging solutions to aid their clients in overcoming the challenges they face while packaging. They constantly innovate to offer high quality products to their customers.

Sohner Kunststofftechnik GmbH, headquartered in Schwaigern, Germany, specialises in plastic deep-drawing technology. The company is dedicated towards delivering high quality products while focusing on functionality, making them a reliable partner for customers cross different industries.

American Containers Inc. is a packaging and containers manufacturing company that was founded in 1965 and is headquartered in Indianna, United States. The company offers a wide range of packaging solutions including paper pallets, corrugated boxes, and load securement, among others.

Other plastic corrugated packaging market key players include Flexcon Container, Inc, Minnesota Diversified Industries, Technology Container Corp., Inteplast Group(Coroplast), Twinplast Limited, Corlite Packaging Industries Sdn. Bhd, and Androp Packaging Inc., among others.

Key Highlights of the Report