Global Plastic Corrugated Packaging Market
Paper, Plastics, Rubber, Wood And Textile

Plastic Corrugated Packaging Industry Anticipated to Expand at 4.4% CAGR During the Forecast Period

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What Are The Forecasted Market Size Estimates For The Plastic Corrugated Packaging Market Between 2025 And 2029?

The plastic corrugated packaging market has expanded steadily in recent years. It will increase from $229.84 billion in 2024 to $237.11 billion in 2025, at a CAGR of 3.2%. The historic growth can be linked to rising demand for sustainable packaging, e-commerce expansion, increased demand from the automotive sector, evolving food and beverage packaging trends, and logistics and supply chain optimization.

The expanse of the plastic corrugated packaging market anticipates a consistent upward trajectory in the forthcoming years, projecting an expansion to reach a valuation of $281.22 billion by 2029, fueled by a compound annual growth rate (CAGR) of 4.4%. This anticipated escalation throughout the projection timeframe is linked to several key factors such as evolving regulatory landscapes, the residual effects of the global pandemic, the increasing adoption of circular economy principles, shifting consumer desires, and the continuous advancement of e-commerce. Significant movements forecasted to influence this sector encompass novel developments in both packaging aesthetics and underlying technology, the inherent benefits associated with plastic corrugated materials, and heightened recognition regarding environmental responsibility.

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Which Major Market Drivers Are Shaping The Future Of The Plastic Corrugated Packaging Market?

Advancements in online retail are anticipated to fuel the expansion of the plastic corrugated packaging sector moving ahead. The concept of e-commerce involves the transaction of financial resources and electronic information, typically via the web, encompassing the buying and selling of commodities and services. This sector favors plastic corrugated packaging because of its inherent robustness, low weight, and economical pricing, all of which contribute to the safe and effective movement of products. To illustrate the scale, data from the International Trade Administration, a United States government body, showed that in March 2022, Canadian e-commerce revenues stood at $2.34 billion, with projections indicating this figure could climb to $40.3 billion by the year 2025. Consequently, the upward trajectory of e-commerce activities serves as a key factor prompting the ongoing development of the market for plastic corrugated packaging.

What Are The Key Segments In The 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)

What Long-Term Trends Will Shape The Future Growth Of The Plastic Corrugated Packaging Industry?

Leading entities within the plastic corrugated packaging sector are prioritizing the creation of novel approaches, exemplified by fanfold corrugated packaging systems, intended to boost both operational effectiveness and environmental responsibility in packaging endeavors. These fanfold corrugated packaging solutions utilize corrugated stock folded in an accordion style, engineered for simplified management, warehousing, and transit. To illustrate, in the ninth month of 2022, VPK Group, a firm situated in Belgium that concentrates on producing packaging from recycled paperboard, introduced the fit2size trademark. This project seeks to promote the advancement of fanfold corrugated packaging across the European continent, with a specific goal of doing away with the need for empty space filling materials, separators, and secondary fillers, while concurrently enabling the creation of custom-sized corrugated containers precisely when needed, cutting down on the variety of stock-keeping units, and lessening the reliance on manual manipulation and assembly phases.

Who Are The Primary Competitors In The Global 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.

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Which Region Shows The Highest Potential For Future Expansion In 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.

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